Revenue from operations: ₹3,207.55 crore (Q1 FY27)
Total income: ₹3,207.55 crore (Q1 FY27)
Profit before tax from continuing operations: ₹492.14 crore (Q1 FY27)
Net profit for the period from continuing operations: ₹385.93 crore (Q1 FY27)
Net profit for the period: ₹385.93 crore (Q1 FY27)
Earnings per share (Basic) from continuing operations: ₹35.08 (Q1 FY27)
SPV Formation for Solar Power
Approved formation of Special Purpose Vehicle (SPV) in form of Private Limited Company
Main object: Solar power generation for Company's captive power consumption
Overall capital commitment not exceeding ₹3.80 crore in one or more tranches
SPV will be a joint venture with Ampin C & I Power Private Limited
Shareholding: Ampin (74%), Escorts Kubota (26%)
Capital commitment meets minimum 26% requirement as per state regulatory norms
SPV to be incorporated in Delhi/Haryana, India
Industry classification: Power Generation
Management Changes
Resignation: Mr. Arvind Kumar resigned as Company Secretary and Compliance Officer (Key Managerial Personnel) effective closing business hours of August 17, 2026 due to personal reasons
Appointment: Mr. Vicky Chauhan (Membership number-A27729) appointed as Company Secretary and Compliance Officer effective August 18, 2026
Auditor Appointment
Approved appointment of M/s. S.R. Batliboi & Co. LLP, Chartered Accountants (ICAI Firm Registration No. 301003E/E300005) as Statutory Auditors
Appointment subject to shareholder approval at 81st AGM in 2027
Term: Five years commencing from conclusion of 81st AGM until conclusion of 86th AGM
Current auditors M/s. Walker Chandiok & Co. LLP will continue until conclusion of 81st AGM
Board Meeting Details
Meeting held on August 03, 2026
Commenced at 12:00 Noon and concluded at 02:00 PM
Historical Context
Q1 FY25 included exceptional gain of ₹75.99 crore on sale of land and buildings to Sona BLW Precision Forgings Limited (Sona Comstar)
FY26 included incremental expense of ₹52.46 crore relating to employee benefits upon implementation of new labour code
Railway Equipment Division (RED Business) was sold to Sona Comstar in Q1 FY25 for ₹1,600 crore consideration (slump sale)
RED Business results are now classified under discontinued operations
Auditor Review
Standalone and consolidated financial results reviewed by Walker Chandiok & Co LLP
Review conducted in accordance with Standard on Review Engagements (SRE) 2410
Auditors concluded nothing has come to their attention causing belief that financial results contain material misstatement
