Nature of the Disclosure
Regulatory filing pursuant to SEBI LODR Regulations, Regulation 33, containing the outcome of the Board of Directors meeting held on August 5, 2026, and the unaudited standalone financial results for the quarter ended June 30, 2026.
Key Quantitative Figures
Profit & Loss Statement (₹ in crore, unless stated otherwise)
For the quarter ended June 30, 2026:
- Revenue from Operations: ₹1,618.36
- Other Income: ₹41.84
- Total Income: ₹1,660.20
- Total Expenses: ₹1,317.41
- Profit Before Tax and Exceptional Items: ₹342.79
- Exceptional Items: ₹(0.00) [Nil]
- Profit Before Tax: ₹342.79
- Total Tax Expense: ₹(0.20) [Credit of ₹0.20 crore]
- Net Profit for the Quarter: ₹342.99
- Other Comprehensive Income (OCI) [Net of Tax]: ₹101.44
- Total Comprehensive Income for the Quarter: ₹444.43
Earnings Per Share (EPS): ₹14.18 (Basic) for the quarter.
Comparative Figures (Quarter ended June 30, 2025):
- Revenue from Operations: ₹1,330.13
- Net Profit: ₹211.60
- EPS: ₹11.37
Comparative Figures (Financial Year ended March 31, 2026 - Audited):
- Revenue from Operations: ₹6,206.31
- Net Profit: ₹1,233.25
- EPS: ₹48.16
Notes to the Financial Results
1. Operating Segment: The Company operates in a single segment relating to products, projects, and systems for electricity transmission and related activities, as per Ind AS 108.
2. Accounting Standards: The results are prepared in accordance with Indian Accounting Standards (Ind AS).
3. Review and Approval: The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on August 5, 2026.
4. Labour Codes Impact: An additional provision of ₹693.0 million was made in the nine months ended December 31, 2025, for the newly notified Labour Codes. Based on a reassessment, this impact was reduced by ₹57.3 million, which was reversed in the quarter ended March 31, 2026. The full-year impact for FY 2025-26 was ₹635.7 million. This item is presented as an exceptional item due to its materiality, regulatory-driven, and non-recurring nature.
5. Hedge Accounting: Effective April 1, 2023, the Company adopted hedge accounting per Ind AS 109. Consequently, a gain of ₹686.1 million was recognized in Other Comprehensive Income (OCI) for the current quarter (ended June 30, 2026) due to changes in the fair value of derivatives (forward contracts). These amounts will be reclassified to the P&L when the underlying forecast transactions occur.
6. Subsidiaries: The Company had no subsidiary, associate, or joint venture companies as of June 30, 2026.
7. Prior Period Figures: Previous period/year figures have been re-grouped/reclassified to conform to the current period's presentation.
8. Q4 FY2026 Figures: Figures for the quarter ended March 31, 2026, are balancing figures between the audited annual figures and the published year-to-date figures up to the third quarter. The Q3 figures were reviewed but not audited.
Other Disclosures
- Annual General Meeting (AGM): The Board approved the notice for the 70th AGM, to be held on Wednesday, September 9, 2026, through video conferencing/other audio-visual means.
- Auditor: The limited review report was issued by the statutory auditors, Deloitte Haskins & Sells LLP.
- Board Meeting Timing: The meeting commenced at 09:17 PM IST and concluded at 09:48 PM IST on August 5, 2026.
- Paid-up Equity Share Capital: Remained unchanged at ₹512.10 crore.