Financial Results Overview

Quarterly Performance (Q2 FY27 vs Q1 FY27 vs Q2 FY26)

  • Revenue from Operations: ₹0.00 lakhs (Q2 FY27) vs ₹1,648.86 lakhs (Q1 FY27) vs ₹0.00 lakhs (Q2 FY25)
  • Other Income: ₹14.10 lakhs (Q2 FY27) vs ₹42.05 lakhs (Q1 FY27) vs ₹35.04 lakhs (Q2 FY25)
  • Total Income: ₹14.10 lakhs (Q2 FY27) vs ₹1,690.91 lakhs (Q1 FY27) vs ₹35.04 lakhs (Q2 FY25)
  • Total Expenses: ₹50.28 lakhs (Q2 FY27) vs ₹1,639.77 lakhs (Q1 FY27) vs ₹22.44 lakhs (Q2 FY25)
  • Profit/(Loss) Before Tax: (₹36.18) lakhs loss (Q2 FY27) vs ₹51.14 lakhs profit (Q1 FY27) vs ₹12.60 lakhs profit (Q2 FY25)
  • Tax Expense: (₹11.05) lakhs (Q2 FY27) vs ₹17.01 lakhs (Q1 FY27) vs ₹7.78 lakhs (Q2 FY25)
  • Net Profit/(Loss): (₹25.13) lakhs loss (Q2 FY27) vs ₹34.13 lakhs profit (Q1 FY27) vs ₹4.82 lakhs profit (Q2 FY25)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue from Operations: ₹1,648.86 lakhs (H1 FY27) vs ₹0.85 lakhs (H1 FY26)
  • Other Income: ₹56.15 lakhs (H1 FY27) vs ₹85.47 lakhs (H1 FY26)
  • Total Income: ₹1,705.01 lakhs (H1 FY27) vs ₹86.32 lakhs (H1 FY26)
  • Total Expenses: ₹1,690.05 lakhs (H1 FY27) vs ₹62.26 lakhs (H1 FY26)
  • Profit Before Tax: ₹14.96 lakhs (H1 FY27) vs ₹24.06 lakhs (H1 FY26)
  • Tax Expense: ₹5.96 lakhs (H1 FY27) vs ₹4.59 lakhs (H1 FY26)
  • Net Profit: ₹9.00 lakhs (H1 FY27) vs ₹19.47 lakhs (H1 FY26)

Key Financial Metrics

  • Paid-up Equity Share Capital: ₹539.65 lakhs (unchanged across all periods)
  • Basic EPS: ₹0.09 (H1 FY27) vs ₹0.36 (H1 FY26)
  • Diluted EPS: ₹0.09 (H1 FY27) vs ₹0.36 (H1 FY26)

Balance Sheet Position (as at 30 September 2026)

  • Total Assets: ₹2,312.30 lakhs (vs ₹2,433.66 lakhs as at 30 September 2025)
  • Non-Current Assets: ₹322.88 lakhs (including Investments: ₹300.00 lakhs)
  • Current Assets: ₹1,989.42 lakhs (including Investments: ₹386.09 lakhs, Cash: ₹89.59 lakhs, Trade Receivables: ₹1,451.48 lakhs)
  • Equity: ₹1,984.15 lakhs
  • Current Liabilities: ₹321.53 lakhs (including Borrowings: ₹255.41 lakhs)

Cash Flow Statement (H1 FY27)

  • Net Cash from Operating Activities: ₹117.97 lakhs
  • Net Cash used in Investing Activities: ₹(142.80) lakhs
  • Net Cash used in Financing Activities: ₹(275.87) lakhs
  • Net Decrease in Cash: ₹(269.91) lakhs

Business Segment Information

The Company operates only in a single segment - Trading. The company suspended production and closed its plant on 24th April 1995. After disposing of plant, machinery and equipment, the residuary land was disposed of in November 2020. The company has since resumed trading in Iron & steel products, including engineering products, in the international market.

Legal Proceedings

The Company is involved in proceedings before NCLT/NCLAT:

1. C.P. No.(IB) 347/CHE/2020 (M/s. M.B. Gupta HUF and others):

  • NCLT Chennai allowed the Company's maintainability application on 18th September 2025
  • Appeal filed by petitioners (Comp. App. (AT) (CH) No. 11/2026) before NCLAT Chennai
  • Next hearing scheduled for 04th December 2026

2. C.P. 38/CHE/2023 (Mr. Suresh Kumar Jalan and others):

  • Transfer application dismissed by NCLT Principal Bench on 20th May 2026
  • Petitioners' appeal before NCLAT New Delhi reported as defective on 10th August 2026
  • Next hearing before NCLT-2, Chennai scheduled for 17th November 2026

Approval and Review Process

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 06th November 2026. The meeting commenced at 4:30 PM and concluded at 6:15 PM.

Auditor Review

Paresh Rakesh & Associates LLP conducted a limited review of the financial results and issued an unqualified review report dated November 06, 2026, stating that nothing has come to their attention that causes them to believe the statement contains any material misstatement.