Summary of Key Information:
Reporting Period: Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting under SEBI Listing Regulations 30 & 33
Audit Opinion:
Clean/Unmodified - No qualifications or modifications. Auditors stated nothing came to their attention causing belief that the statements contain material misstatements.
Key Financial Highlights [All amounts in ₹ Crore]:
Standalone Results:
Revenue from Operations: ₹883.58 (Q1 FY27) vs ₹1,043.15 (Q1 FY26) - 15.3% decrease YoY
Total Income: ₹958.91 (Q1 FY27) vs ₹1,107.83 (Q1 FY26) - 13.4% decrease YoY
Net Profit: ₹107.41 (Q1 FY27) vs ₹96.93 (Q1 FY26) - 10.8% increase YoY
EPS: Basic and Diluted ₹1.74 (Q1 FY27) vs ₹1.57 (Q1 FY26)
Other Equity: Not specified for current quarter
Total Comprehensive Income: ₹854.45 (Q1 FY27) vs ₹222.76 (Q1 FY26) - significant increase due to OCI gains
Consolidated Results:
Revenue from Operations: ₹883.58 (Q1 FY27)
Total Income: ₹958.91 (Q1 FY27)
Net Profit: ₹114.52 (Q1 FY27) vs ₹98.16 (Q1 FY26) - 16.7% increase YoY
EPS: Basic and Diluted ₹1.85 (Q1 FY27) vs ₹1.59 (Q1 FY26)
Other Equity: Not specified for current quarter
Total Comprehensive Income: ₹861.59 (Q1 FY27) vs ₹223.99 (Q1 FY26) - significant increase due to OCI gains
Segment-wise Performance:
The company operates as a single business segment of 'Pipes & fittings' manufacturing and sales, as identified by the Chief Operating Decision Maker under Ind AS-108.
Other Comprehensive Income (Standalone):
Re-measurement of defined benefit plans, net of income-tax: (₹0.03) crore
Gain on equity instruments measured at fair value through OCI, net of income-tax: ₹747.07 crore
Total OCI: ₹747.04 crore
Corporate Actions:
The Board approved the notice convening the 45th Annual General Meeting scheduled on Tuesday, September 22, 2026, to be held through Video Conferencing/Other Audio Visual Means. Details regarding dispatch of AGM notice, Annual Report for FY 2025-26, and record date for final dividend will be informed in due course.
Other Significant Information:
The figures for the quarter ended March 31, 2026 are balancing figures between audited full-year figures and published unaudited year-to-date figures up to the third quarter of FY26. Previous periods' figures have been rearranged/regrouped for comparability.