Key Quantitative Figures

Standalone Financial Results (Quarter Ended September 30, 2026):

  • Revenue from Operations: ₹427.77 Crores
  • Other Income: ₹3.22 Crores
  • Total Income: ₹430.99 Crores
  • Total Expenses: ₹391.18 Crores
  • Profit Before Exceptional Items and Tax: ₹39.81 Crores
  • Tax Expense: ₹8.04 Crores
  • Net Profit for the Period: ₹31.77 Crores
  • Earnings Per Share (Basic & Diluted): ₹4.37

Standalone Financial Results (Half-Year Ended September 30, 2026):

  • Revenue from Operations: ₹835.48 Crores
  • Other Income: ₹3.45 Crores
  • Total Income: ₹838.93 Crores
  • Net Profit for the Period: ₹68.73 Crores
  • Earnings Per Share (Basic & Diluted): ₹9.45

Consolidated Financial Results (Quarter Ended September 30, 2026):

  • Revenue from Operations: ₹428.24 Crores
  • Net Profit for the Period: ₹31.92 Crores
  • Earnings Per Share (Basic & Diluted): ₹4.39

Consolidated Financial Results (Half-Year Ended September 30, 2026):

  • Revenue from Operations: ₹835.95 Crores
  • Net Profit for the Period: ₹68.89 Crores
  • Earnings Per Share (Basic & Diluted): ₹9.48

Balance Sheet Highlights (Standalone as of September 30, 2026):

  • Total Assets: ₹1,329.52 Crores
  • Total Equity: ₹671.97 Crores
  • Inventories: ₹353.84 Crores
  • Trade Receivables: ₹167.82 Crores

Dates of Action

  • Board Meeting Date: October 31, 2026 (12:30 PM to 02:30 PM IST)
  • Effective Date of Senior Management Designation: October 31, 2026
  • Property Registration Date for Noida Plot Sale: October 13, 2026 (subsequent to reporting period)

Parties Involved

  • Subsidiaries: Greendale India Limited, Everspark Hongkong Private Limited
  • Statutory Auditors: Singhi & Co. (Giridhari Lal Choudhary, Partner)
  • Regulators: SEBI, Competition Commission of India (CCI), National Company Law Appellate Tribunal (NCLAT)
  • Senior Management: Mr. Indranath Roy (Newly designated Senior Management Personnel)

Purpose or Rationale

The Board meeting was held to review and approve the quarterly financial performance and consider senior management appointments as part of normal corporate governance procedures.

Financial and Operational Impact

Contingent Liabilities:

  • The Competition Commission of India (CCI) imposed a penalty of ₹171.55 Crores for non-compliance with the Competition Act, 2002, through an order dated April 19, 2018.
  • The company has appealed to NCLAT, which granted a stay subject to depositing 10% of the penalty amount, which has been paid.
  • Based on legal advice, the company cannot reliably estimate the final penalty amount due to litigation uncertainty, and thus no provision has been made in the financial statements.

Asset Sale:

  • The company entered into an agreement for the sale of leasehold rights for Plot B2 at its Noida plant during FY 2025-26 for a total consideration of ₹135.45 crores, receiving an advance of ₹44.09 crores.
  • The registration/transfer of the property was completed on October 13, 2026 (after the reporting period) upon receipt of the balance consideration.
  • The carrying value of the assets (₹6.09 crores) was classified as 'Assets held for Sale' as of September 30, 2026, with no accounting adjustment made in these results.

Employee Compensation:

  • The Nomination and Remuneration Committee granted 10,55,000 stock options under the Employee Stock Option Plan 2026 during the quarter ended June 30, 2026.
  • The company recognized a share-based payment expense of ₹2.62 crores (₹1.31 crores each in Q1 and Q2 FY27) with a corresponding credit to Share-based Payment Reserve.

Capital Structure Impact

  • Paid-up Equity Share Capital remained unchanged at ₹36.34 Crores (Face Value: ₹5 per share).
  • The ESOP grant may potentially dilute equity upon exercise, but no immediate impact on share capital.

Cash Flow Implications

Standalone Cash Flows (Half-Year Ended September 30, 2026):

  • Net Cash from Operating Activities: ₹75.12 Crores
  • Net Cash Used in Investing Activities: ₹21.49 Crores
  • Net Cash Used in Financing Activities: ₹54.13 Crores
  • Net Decrease in Cash and Equivalents: ₹0.50 Crores

Forward-Looking Information

No explicit forward-looking guidance or management commentary was provided in the document.

Notes and Qualifications

  • The financial results are unaudited but subjected to a limited review by the statutory auditors.
  • The auditors issued an unmodified review conclusion, drawing attention to the CCI penalty matter.
  • Figures for previous periods have been regrouped/rearranged where necessary for comparability.

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