Board Meeting Details
The Board of Directors meeting was held on 23rd October 2026 at the Registered Office in Secunderabad. The meeting commenced at 2:00 PM and concluded at 4:15 PM. The financial results were reviewed and recommended by the Audit Committee and approved by the Board.
Financial Results - Quarter Ended 30th September 2026 (All amounts in ₹ lakhs)
Income Statement Highlights
- Revenue from Operations: ₹8,298.64 (compared to ₹7,370.01 in Q2 FY26 - 12.6% increase)
- Other Income: ₹59.69 (compared to ₹44.35 in Q2 FY26)
- Total Income: ₹8,358.33 (compared to ₹7,414.36 in Q2 FY26)
- Cost of Materials Consumed: ₹7,495.30
- Employee Benefits Expense: ₹43.66
- Finance Costs: ₹118.24
- Depreciation and Amortization: ₹34.98
- Other Expenses: ₹258.68
- Profit Before Tax: ₹621.52 (compared to ₹245.98 in Q2 FY26 - 152.7% increase)
- Tax Expense: ₹170.00 (Current tax: ₹172.90, Deferred tax: ₹-2.90)
- Net Profit: ₹456.52 (compared to ₹174.34 in Q2 FY26 - 162% increase)
- Earnings Per Share (Basic & Diluted): ₹3.19 (compared to ₹1.22 in Q2 FY26)
Financial Results - Half Year Ended 30th September 2026 (All amounts in ₹ lakhs)
Income Statement Highlights
- Revenue from Operations: ₹14,795.81 (compared to ₹12,357.22 in H1 FY26 - 19.7% increase)
- Other Income: ₹237.05 (compared to ₹94.91 in H1 FY26)
- Total Income: ₹15,032.86 (compared to ₹12,452.13 in H1 FY26)
- Cost of Materials Consumed: ₹11,554.80
- Employee Benefits Expense: ₹81.25
- Finance Costs: ₹218.07
- Depreciation and Amortization: ₹67.61
- Other Expenses: ₹582.93
- Profit Before Tax: ₹807.30 (compared to ₹414.23 in H1 FY26 - 95% increase)
- Tax Expense: ₹214.41 (Current tax: ₹224.59, Deferred tax: ₹-10.18)
- Net Profit: ₹592.89 (compared to ₹297.40 in H1 FY26 - 99.4% increase)
- Earnings Per Share (Basic & Diluted): ₹4.14 (compared to ₹2.08 in H1 FY26)
Statement of Assets and Liabilities as at 30th September 2026 (All amounts in ₹ lakhs)
Assets
- Non-Current Assets: ₹3,505.00
- Property, Plant, Equipment: ₹1,318.65
- Other Financial Assets: ₹563.22
- Other Non-Current Assets: ₹1,623.14
- Current Assets: ₹17,168.85
- Inventories: ₹7,133.09
- Trade Receivables: ₹5,373.58
- Cash and Cash Equivalents: ₹465.40
- Other Current Assets: ₹4,196.78
- Total Assets: ₹20,673.85 (compared to ₹20,759.27 as at 31st March 2026)
Equity and Liabilities
- Equity: ₹8,923.83
- Equity Share Capital: ₹1,426.01
- Other Equity: ₹7,497.82
- Non-Current Liabilities: ₹1,371.03
- Borrowings: ₹1,185.77
- Deferred Tax Liabilities: ₹185.26
- Current Liabilities: ₹10,378.99
- Borrowings: ₹3,241.54
- Trade Payables: ₹6,425.44
- Other Liabilities: ₹442.10
- Provisions: ₹269.92
- Total Equity and Liabilities: ₹20,673.85
Statement of Cash Flows for Half Year Ended 30th September 2026 (All amounts in ₹ lakhs)
Cash Flow Summary
- Cash from Operating Activities: ₹-543.28
- Cash from Investing Activities: ₹17.34
- Cash from Financing Activities: ₹592.82
- Net Increase in Cash: ₹66.87
- Opening Cash Balance: ₹398.77
- Closing Cash Balance: ₹465.64
- Cash on Hand: ₹33.20
- Bank Balances: ₹432.44
Additional Information
- Segment Information: The company operates only in a single segment - Manufacturing of Copper and Copper Alloy Products
- Related Party Transactions: Disclosure of related party transactions for the half year ended 30th September 2026 will be submitted to stock exchanges in the prescribed format as part of Integrated Filing (Financials) and made available on company website
- Accounting Standards: Financial results prepared in accordance with Ind AS 34 - Interim Financial Reporting and Section 133 of Companies Act, 2013
- Previous Year Figures: Have been regrouped/reclassified wherever necessary
Auditor Review
JMT & Associates, Chartered Accountants (Firm Regn No. 104167W) issued an unqualified limited review report dated 23rd October 2026. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410. The auditors stated that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement.