Financial Results - Standalone (₹ in Crores, Except EPS)

Quarter Ended June 30, 2026 (Unaudited):

  • Revenue from operations: ₹75.38
  • Other income: ₹1.14
  • Total income: ₹76.52
  • Total expenses: ₹66.88
  • Cost of materials consumed: ₹32.57
  • Changes in inventories: (₹2.88)
  • Employee benefits expense: ₹10.78
  • Finance costs: ₹0.45
  • Depreciation and amortization: ₹3.17
  • Other expenses: ₹22.79
  • Profit before tax: ₹9.64
  • Tax expense: ₹1.43 (Current tax: ₹1.73, Deferred tax: ₹(0.30))
  • Profit for the period: ₹8.21
  • Total comprehensive income: ₹8.14
  • Basic EPS: ₹6.41
  • Diluted EPS: ₹6.26

Comparative Figures:

  • Q1 FY26 (June 30, 2025): Revenue ₹63.08, Net profit ₹6.58, Basic EPS ₹5.18
  • Q4 FY26 (March 31, 2026): Revenue ₹94.56, Net profit ₹12.24, Basic EPS ₹9.61
  • FY26 (March 31, 2026): Revenue ₹314.30, Net profit ₹35.54, Basic EPS ₹27.90

Financial Results - Consolidated (₹ in Crores, Except EPS)

Quarter Ended June 30, 2026 (Unaudited):

  • Revenue from operations: ₹75.38
  • Other income: ₹1.14
  • Total income: ₹76.52
  • Total expenses: ₹66.74
  • Profit before tax: ₹9.62
  • Tax expense: ₹1.43 (Current tax: ₹1.73, Deferred tax: ₹(0.30))
  • Profit for the period: ₹8.19
  • Non-controlling interest: ₹(0.01)
  • Net profit after taxes, minority interest: ₹8.20
  • Total comprehensive income: ₹8.16
  • Basic EPS: ₹6.41
  • Diluted EPS: ₹6.25

IPO Proceeds Utilization

The company completed its IPO on September 9, 2024, issuing 31,74,416 equity shares of face value ₹10 each at an issue price of ₹529 per share (including premium of ₹519). Total IPO expenses were ₹17.50 crores, with ₹14.11 crores adjusted against securities premium account.

Utilization as of June 30, 2026:

  • New facility at Vallam-Vadagal, Tamil Nadu: Proposed ₹37.00 crore, utilized ₹29.73 crore, unutilized ₹7.27 crore
  • Equipment at Wada, Palghar, Maharashtra: Proposed ₹11.07 crore, utilized ₹11.05 crore, unutilized ₹0.02 crore
  • Repayment of borrowings: Proposed ₹45.43 crore, fully utilized ₹45.43 crore
  • General corporate purposes: Proposed ₹27.91 crore, utilized ₹1.13 crore, unutilized ₹26.61 crore
  • Total: Proposed ₹121.41 crore, net proceeds ₹121.24 crore, utilized ₹87.34 crore, unutilized ₹33.90 crore

Unutilized IPO proceeds of ₹33.48 crore are temporarily invested in fixed deposits, with ₹0.42 crore lying in monitoring account.

Exceptional Items

  • New Labour Codes impact: Effective November 21, 2025, the Government of India consolidated labour legislations into four Labour Codes, resulting in one-time increase in employee benefits provision. Recognized as exceptional item: ₹(0.12) crore in previous quarter and ₹0.82 crore in year ended March 31, 2026.
  • Foreign subsidiary winding up: Expenses relating to winding up of foreign subsidiary included in exceptional items for all periods presented.

Corporate Actions

During the quarter ended June 30, 2026, the company issued 18,650 equity shares under the ESOP Scheme 2021.

Subsidiary Information

The consolidated results include:

  • Gala Precision Engineering Limited (Holding Company)
  • Gala Springs LLP (Subsidiary)
  • Gala Precision Components (Shanghai) Private Limited, China (Step Down Subsidiary)

The subsidiaries' interim financial results reflect total revenues of ₹NIL and net loss after tax of ₹(0.16) crore for the quarter ended June 30, 2026. Management is in the process of winding up one foreign subsidiary.

Additional Information

  • The company is engaged in manufacturing and sales of springs, parts, fasteners and assemblies
  • Financial statements prepared in accordance with Ind AS
  • Figures for previous periods have been regrouped/restated where necessary
  • Paid up equity share capital: ₹12.80 crore (face value ₹10 each)
  • Other equity (standalone): ₹279.75 crore
  • Other equity (consolidated): ₹280.09 crore