Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026 (Q2 FY27, H1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting - Approval of Unaudited Financial Results

Date of Board Meeting / Approval: November 3, 2026

Audit Opinion: Clean (Unqualified Limited Review Report)

Auditor’s Comment: No material misstatements found; prepared in accordance with Ind AS 34 and SEBI Listing Regulations.

Key Financial Highlights (₹ in Lakhs except earnings per share data)

Standalone Results:

Quarter Ended September 30, 2026 (Unaudited):

  • Revenue from Operations: 2,135.94 (QoQ: -39.4% from June 30, 2026; YoY: -2.2% from September 30, 2025)
  • Total Income: 2,172.86
  • Net Profit/(Loss): (259.97) (QoQ: -140.7% from profit of 638.96; YoY: -167.2% from profit of 387.20)
  • EPS: (4.90) (QoQ: from 12.04; YoY: from 7.29)

Half Year Ended September 30, 2026 (Unaudited):

  • Revenue from Operations: 5,663.04 (YoY: -11.3% from 6,381.34)
  • Total Income: 5,847.48
  • Net Profit: 378.99 (YoY: -46.8% from 712.12)
  • EPS: 7.14 (YoY: from 13.41)

Comparative Annual Data (Audited, Year Ended March 31, 2026):

  • Revenue from Operations: 12,162.31
  • Total Income: 12,897.77
  • Net Profit: 905.54
  • EPS: 17.06

Expenses Analysis (Quarter Ended September 30, 2026):

  • Cost of Materials Consumed: 1,435.97
  • Changes in Inventories: 323.85
  • Employee Benefits Expense: 176.53
  • Depreciation and Amortization: 54.18
  • Warranty Expense: 41.13 (for half year)
  • Other Expenses: 529.67
  • Total Expenses: 2,520.20

Other Financial Metrics:

  • Other Income (Q2): 36.92 (includes fair valuation gain on FVTPL investments of 28.77)
  • Tax Expense/(Credit) (Q2): (87.37) (Current tax: (49.26), Deferred tax: (38.11))
  • Other Comprehensive Income (Q2): (1.30) [Changes in fair value of FVTOCI: (4.22), Remeasurement of post-employment benefits: 2.92]

Statement of Assets and Liabilities (₹ in Lakhs)

As at September 30, 2026 (Unaudited) vs March 31, 2026 (Audited):

  • Total Assets: 17,387.83 (vs 15,980.00)
  • Non-Current Assets: 4,636.03 (vs 3,882.40)
  • Current Assets: 12,751.80 (vs 12,097.60)
  • Inventories: 7,351.01 (vs 3,083.61)
  • Trade Receivables: 2,200.07 (vs 1,175.00)
  • Cash and Cash Equivalents: 1,085.91 (vs 1,696.12)
  • Investments: 1,467.55 (vs 5,668.51)
  • Total Equity: 13,104.93 (vs 12,934.15)
  • Equity Share Capital: 530.86 (unchanged)
  • Other Equity: 12,574.07 (vs 12,403.29)
  • Current Liabilities: 4,241.81 (vs 3,005.67)
  • Trade Payables: 2,595.19 (vs 1,051.86) [Micro and small enterprises: 39.39, Others: 2,555.80]
  • Other Financial Liabilities: 252.94 (vs 92.78)
  • Provisions: 1,334.32 (vs 1,759.42)

Statement of Cash Flows (Half Year Ended September 30, 2026, ₹ in Lakhs)

  • Cash from Operating Activities: (4,835.98) (vs 1,218.04 for FY26)
  • Cash used in operations: (4,755.88)
  • Income tax paid: (80.10)
  • Cash from Investing Activities: 4,255.95 (vs (326.57) for FY26)
  • Proceeds from investments: 4,323.28
  • Payment for property, plant and equipment: (89.37)
  • Cash from Financing Activities: (30.18) (tax deducted at source on dividend)
  • Net Change in Cash: (610.21)
  • Cash and Equivalents at End: 1,085.91 (vs 1,696.12 at start)

Corporate Actions:

  • Final dividend of ₹4 per equity share (face value ₹10) for FY26 approved by shareholders at AGM on September 23, 2026.
  • Total dividend recognized: ₹212.36 lakhs, recorded as liability (net of TDS) with corresponding reduction in other equity.

Other Significant Information:

  • Significant increase in inventories (₹4,267.40 lakh) and trade receivables (₹1,025.07 lakh) impacting working capital and cash flows.
  • Major changes in investment portfolio: decrease in current investments offset by increase in other financial assets.