Board Meeting Details

The Board of Directors meeting was held on October 30, 2026, commencing at 07:00 PM IST and concluding at 09:15 PM IST. The board approved and took on record the Unaudited (Standalone & Consolidated) Financial Results for the Quarter and Half Year ended September 30, 2026.

Auditor Review

The financial results were reviewed by M/s. Walker Chandiok & Co LLP, Chartered Accountants, Statutory Auditors of the Company, who issued a Limited Review Report pursuant to Regulation 33 of SEBI Listing Regulations.

Standalone Financial Results (Quarter Ended September 30, 2026)

  • Revenue from operations: ₹1,093.93 crore
  • Other income: ₹59.97 crore
  • Total income: ₹1,153.93 crore
  • Profit before tax: ₹152.15 crore
  • Tax expense: ₹30.37 crore (Current tax: ₹40.60 crore, Deferred tax credit: ₹(20.09) crore, Prior period tax: ₹9.86 crore)
  • Profit for the period: ₹122.38 crore
  • Other Comprehensive Income: ₹532.86 crore (primarily from fair value changes in equity instruments through OCI)
  • Total comprehensive income: ₹655.20 crore
  • Basic EPS: ₹1.98 per share (face value ₹2 each)
  • Diluted EPS: ₹1.98 per share

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

  • Revenue from operations: ₹1,977.58 crore
  • Other income: ₹135.30 crore
  • Total income: ₹2,112.88 crore
  • Profit before tax: ₹300.31 crore
  • Tax expense: ₹70.52 crore
  • Profit for the period: ₹229.75 crore
  • Other Comprehensive Income: ₹1,279.86 crore
  • Total comprehensive income: ₹1,509.65 crore
  • Basic EPS: ₹3.72 per share
  • Diluted EPS: ₹3.72 per share

Consolidated Financial Results (Quarter Ended September 30, 2026)

  • Revenue from operations: ₹1,093.96 crore
  • Other income: ₹55.33 crore
  • Total income: ₹1,149.29 crore
  • Profit before tax: ₹150.08 crore
  • Tax expense: ₹35.06 crore
  • Profit for the period: ₹115.02 crore (attributable to owners)
  • Other Comprehensive Income: ₹532.86 crore
  • Total comprehensive income: ₹647.88 crore
  • Basic EPS: ₹1.86 per share
  • Diluted EPS: ₹1.86 per share

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

  • Revenue from operations: ₹1,977.54 crore
  • Other income: ₹130.66 crore
  • Total income: ₹2,108.20 crore
  • Profit before tax: ₹297.88 crore
  • Tax expense: ₹68.34 crore
  • Profit for the period: ₹229.54 crore
  • Other Comprehensive Income: ₹1,279.93 crore
  • Total comprehensive income: ₹1,509.47 crore
  • Basic EPS: ₹3.71 per share
  • Diluted EPS: ₹3.71 per share

Significant OCI Components

Substantial gains from fair value changes in equity instruments through OCI:

  • Standalone: ₹534.12 crore (net of tax) for quarter, ₹1,281.19 crore for half year
  • Consolidated: ₹534.12 crore (net of tax) for quarter, ₹1,281.19 crore for half year

Balance Sheet Position (Standalone as at September 30, 2026)

  • Total assets: ₹8,702.01 crore (Non-current: ₹4,773.95 crore, Current: ₹3,928.06 crore)
  • Equity: ₹7,416.97 crore (Share capital: ₹123.67 crore, Other equity: ₹7,292.30 crore)
  • Investments: ₹3,712.03 crore (Non-current) + ₹2,254.98 crore (Current)
  • Cash and cash equivalents: ₹5.37 crore

Cash Flow Statement (Standalone Half Year Ended September 30, 2026)

  • Net cash from operating activities: ₹149.66 crore
  • Net cash from investing activities: ₹309.27 crore
  • Net cash used in financing activities: ₹(484.96) crore
  • Net decrease in cash: ₹(26.03) crore

Associates Included in Consolidation

The consolidated results include two associates:

1. Finolex Plasson Industries Private Limited

2. Pawas Port Limited

Segment Information

The company has a single operating segment comprising manufacturing and sale of pipes and fittings. No separate segment disclosures required under Ind AS 108.