Unaudited Financial Results (Quarter ended September 30, 2026)

The Board approved the unaudited financial results for the quarter and half year ended September 30, 2026.

  • Revenue from Operations: ₹72.22 crore (Q2 FY26: ₹63.27 crore)
  • Total Income: ₹73.05 crore (Q2 FY26: ₹63.99 crore)
  • Profit Before Tax (PBT): ₹11.60 crore (Q2 FY26: ₹11.05 crore)
  • Tax Expense: ₹3.68 crore
  • Profit After Tax (PAT): ₹7.92 crore (Q2 FY26: ₹8.30 crore)
  • Basic & Diluted EPS: ₹1.54 (Q2 FY26: ₹1.61)
  • Total Comprehensive Income: ₹7.58 crore

Unaudited Financial Results (Half Year ended September 30, 2026)

  • Revenue from Operations: ₹139.77 crore (H1 FY26: ₹115.68 crore)
  • Total Income: ₹141.39 crore (H1 FY26: ₹117.27 crore)
  • Profit Before Tax (PBT): ₹23.50 crore (H1 FY26: ₹16.13 crore)
  • Tax Expense: ₹6.55 crore
  • Profit After Tax (PAT): ₹16.95 crore (H1 FY26: ₹12.12 crore)
  • Basic & Diluted EPS: ₹3.29 (H1 FY26: ₹2.35)
  • Total Comprehensive Income: ₹16.22 crore

Capital Expenditure Proposal

The Board approved a capital expenditure of approximately ₹60 crore for expanding manufacturing capacity in Steel Taps.

  • Existing Capacity: 36 lakh units per annum
  • Existing Capacity Utilization: 80% to 92%
  • Proposed Capacity Addition: 10 lakh units per annum at full utilization
  • Implementation Period: 1 to 1.5 years
  • Mode of Financing: Combination of Internal Accruals & Debt
  • Rationale: To meet potential demand reflected by economic indicators and to expand the Company's product range.

Dividend Declaration

An interim dividend of ₹5 per equity share (face value ₹10) for FY 2026-27 was declared by the Board at its meeting on August 12, 2026, and paid on August 28, 2026.

Balance Sheet Highlights (as of September 30, 2026)

  • Total Assets: ₹236.92 crore (March 31, 2026: ₹251.33 crore)
  • Equity Share Capital: ₹51.59 crore
  • Other Equity: ₹107.41 crore
  • Total Equity: ₹159.00 crore (March 31, 2026: ₹168.58 crore)
  • Inventories: ₹66.32 crore (March 31, 2026: ₹56.42 crore)
  • Trade Receivables: ₹29.75 crore (March 31, 2026: ₹30.20 crore)

Cash Flow Statement (H1 FY27)

  • Net Cash from Operating Activities: ₹17.51 crore
  • Net Cash from Investing Activities: ₹9.92 crore
  • Net Cash from Financing Activities: ₹(23.81) crore
  • Net Change in Cash & Equivalents: ₹3.62 crore
  • Cash & Equivalents at Period End: ₹9.37 crore

Auditor's Review

Sharp & Tannan Associates LLP conducted a limited review and issued an unmodified conclusion, stating nothing came to their attention causing belief that the Statement contains any material misstatement. The review was performed under SRE 2410 issued by ICAI.

Meeting Details

The Board Meeting commenced at 2:30 PM and concluded at 5:20 PM on October 28, 2026.