Key Financial Results (₹ lakhs)
Quarter Ended September 30, 2026:
- Revenue from operations: ₹21,127.65
- Other income: ₹54.95
- Total income: ₹21,182.59
- Total expenses: ₹20,431.87
- Profit before tax: ₹750.73
- Tax expense: ₹19.78
- Net profit: ₹730.94
- EPS (Basic & Diluted): ₹2.61
Comparative Performance:
- Q2 FY26 showed significant improvement from Q2 FY25 loss of ₹3,417.65 lakh
- Half-year ended Sept 30, 2026: Net profit of ₹1,854.48 lakh vs loss of ₹5,750.91 lakh in HY Sept 30, 2025
- Revenue for HY Sept 30, 2026: ₹56,671.05 lakh
Financial Position (as at September 30, 2026)
- Total assets: ₹29,853.09 lakh
- Equity share capital: ₹2,800.00 lakh (unchanged)
- Net worth: ₹12,488.97 lakh
- Long-term borrowings: ₹6,874.17 lakh
- Current liabilities: ₹10,194.47 lakh
Key Ratios
- Debt-equity ratio: 0.98:1
- Debt service coverage ratio: 0.24:1
- Interest coverage ratio: 5.72:1
- Current ratio: 0.84:1
- Net profit margin: 3.26%
Auditor Appointment
- M/s Grandhy & Co, Chartered Accountants appointed as statutory auditors for FY 2026-27
- Appointment made by Comptroller and Auditor General of India vide letter dated September 8, 2026
- Auditor accepted appointment on September 12, 2026
- Board approved appointment in 375th meeting on November 10, 2026
Cash Flow Statement
- Net cash used in operating activities: ₹(874.75) lakh
- Net cash used in investing activities: ₹(970.74) lakh
- Net cash from financing activities: ₹1,241.54 lakh
- Net decrease in cash: ₹(603.95) lakh
Additional Information
- Company has only one reportable segment (dredging business)
- Financial results prepared in accordance with Ind AS
- Figures for previous periods regrouped/rearranged where necessary
- Audit Committee and Board reviewed results on November 10, 2026
- CEO and CFO certification provided confirming accuracy of results