Board Meeting Details

The Board of Directors meeting was held on Thursday, November 5th, 2026, commencing at 3:00 PM and concluding at 4:15 PM.

Financial Results - Standalone (Rs. in lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: 1,510.96
  • Other Income: 14.03
  • Total Income: 1,524.98
  • Total Expenses: 1,405.14
  • Profit before tax: 119.84
  • Total Tax Expenses: 30.20 (Current tax: 28.85, Deferred tax: 1.36)
  • Net profit for the period: 89.64
  • Other Comprehensive Income (net of tax): (0.03)
  • Total Comprehensive Income: 89.61
  • Basic EPS: ₹1.14
  • Diluted EPS: ₹1.14

Half Year Ended September 30, 2026:

  • Revenue from operations: 2,500.40
  • Other Income: 23.01
  • Total Income: 2,523.40
  • Total Expenses: 2,360.38
  • Profit before tax: 163.02
  • Total Tax Expenses: 40.89 (Current tax: 40.22, Deferred tax: 0.68)
  • Net profit for the period: 122.13
  • Other Comprehensive Income (net of tax): 0.52
  • Total Comprehensive Income: 122.65
  • Basic EPS: ₹1.56
  • Diluted EPS: ₹1.56

Comparative Figures (Quarter Ended September 30, 2025):

  • Revenue from operations: 1,336.50
  • Net profit: 66.18
  • Basic EPS: ₹1.01

Balance Sheet - Standalone (as at September 30, 2026)

  • Total Assets: ₹6,256.00 lakhs
  • Equity Share Capital: ₹802.00 lakhs
  • Other Equity: ₹3,123.05 lakhs
  • Total Equity: ₹3,925.05 lakhs
  • Total Liabilities: ₹2,330.94 lakhs

Cash Flow - Standalone (Half Year Ended September 30, 2026)

  • Net cash used in operating activities: ₹(51.93) lakhs
  • Net cash used in investing activities: ₹(274.91) lakhs
  • Net cash from financing activities: ₹319.13 lakhs
  • Net decrease in cash and cash equivalents: ₹(7.71) lakhs
  • Cash and cash equivalents at end: ₹6.15 lakhs

Financial Results - Consolidated (Rs. in lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: 1,510.96
  • Net profit for the period: 89.62
  • Share of loss of associates: (0.03)
  • Basic EPS: ₹1.14

Half Year Ended September 30, 2026:

  • Revenue from operations: 2,500.40
  • Net profit for the period: 121.98
  • Share of loss of associates: (0.15)
  • Basic EPS: ₹1.56

Capital Structure Update

During the quarter ended June 30, 2026, 14,50,000 Convertible Warrants were converted into an equal number of Equity Shares of face value of ₹10/- each at an issue price of ₹102/- per Equity Share. Additionally, 7,60,000 Convertible Warrants were forfeited due to non-exercise of conversion option and non-payment of balance consideration.

Auditor's Qualification

The statutory auditors, V.R. Bansal & Associates, issued a qualified review report citing:

  • Balances under Trade Receivables and Trade Payables are subject to confirmations
  • Financial Assets and Liabilities not measured at fair value as required by Ind AS-109
  • Inventory register not produced for verification, value based on management certification
  • For consolidated results: Equity method not applied for investment in joint venture Shree-Cranex (JV)

Segment Information

The company operates in one reportable business segment: manufacturing of EOT cranes and installation of escalators, primarily in India.