Standalone Financial Performance (FY26)

  • Total Income: ₹668.24 lakhs (Revenue from operations: ₹375.00 lakhs; Other income: ₹293.24 lakhs)
  • Total Expenses: ₹869.56 lakhs (Employee benefits: ₹241.16 lakhs; Finance costs: ₹26.60 lakhs; Depreciation: ₹38.21 lakhs; Other expenses: ₹263.59 lakhs; Purchases of traded goods: ₹300.00 lakhs)
  • Net Loss Before Tax: ₹201.32 lakhs
  • Net Loss After Tax: ₹164.18 lakhs
  • Earnings Per Share (Basic and Diluted): (₹10.72) per share of face value ₹10 each
  • Paid-up Equity Share Capital: ₹153.14 lakhs
  • Other Equity: Negative ₹40.95 lakhs (compared to positive ₹123.13 lakhs in FY25)

Consolidated Financial Performance (FY26)

  • Net Loss Before Tax: ₹583.21 lakhs
  • Significant Capex: Purchase of Property, Plant and Equipment (including capital work-in-progress) amounted to ₹21,310.81 lakhs
  • Cash Flow: Net cash used in operating activities was ₹16,192.65 lakhs; Net cash used in investing activities was ₹22,107.89 lakhs; Net cash generated from financing activities was ₹31,495.02 lakhs
  • Closing Cash Balance: ₹2,150.65 lakhs (consolidated); ₹5.86 lakhs (standalone)

Subsidiary and Joint Venture Structure

The consolidated results include:

  • Nibe Maritime Private Limited (Subsidiary, 76.00% holding)
  • Global Munition Limited (Subsidiary, 66.10% holding)
  • Globe Forge Limited (Subsidiary, 66.10% holding)
  • Global Explosives Limited (Subsidiary, 76.00% holding) - newly incorporated during the year
  • Global Premier Limited (Joint Venture of Global Munition Limited, 50.97% holding)

Going Concern Matter

Auditors highlighted an Emphasis of Matter regarding Nibe Maritime Private Limited, a subsidiary that has negative net worth of ₹83.22 lakhs and whose current liabilities exceed current assets as at March 31, 2026. The subsidiary incurred a loss of ₹86.75 lakhs during FY26 and is yet to commence business operations. However, management believes the subsidiary can continue as a going concern based on future business prospects, expected cash flows from ongoing and proposed projects, and continued financial support from promoters/group entities.

Segment Reporting

The Chief Operating Decision Maker has determined 'Defence and allied activities' as the only operating segment. There are no reportable segments as per IND AS 108 "Segment Reporting".

Capital Structure Impact

During the year, project expenses were capitalized and formed part of Capital Work-in-Process (CWIP). The company also received proceeds from renouncement of right shares amounting to ₹117.07 lakhs (standalone) and ₹185.37 lakhs (consolidated).

Comparability Note

The results for quarter and year ended March 31, 2026 are not directly comparable with previous periods due to the incorporation of new subsidiary Global Explosives Limited during the year.

Labour Code Impact

There is no material impact from the enactment of New Labour Codes, 2025 on the financial results in the current period. The Group continues to monitor finalization of Central/State Rules and government clarifications.

Audit Committee Approval

The financial results were reviewed and recommended for approval by the Audit Committee before being taken on record and approved by the Board of Directors.