Key Financial Results (Half Year Ended September 30, 2026)

Revenue Performance: Revenue from operations reached ₹35,637.92 lakhs, showing significant growth compared to ₹24,537.70 lakhs in the same period last year (45.3% increase). Total income stood at ₹36,118.79 lakhs including other income of ₹480.87 lakhs.

Profitability: Profit before tax was ₹3,466.45 lakhs, with tax expenses of ₹866.56 lakhs (₹849.95 lakhs current tax + ₹16.61 lakhs deferred tax). Net profit for the period was ₹2,599.89 lakhs, compared to ₹1,676.35 lakhs in H1 FY26.

Earnings Per Share: Basic and diluted EPS stood at ₹17.99 for the half year ended September 30, 2026 (not annualized).

Balance Sheet Position (as at September 30, 2026): Share capital remained unchanged at ₹1,444.96 lakhs. Reserves and surplus increased to ₹26,561.46 lakhs from ₹23,961.58 lakhs as at March 31, 2026. Total assets stood at ₹45,501.60 lakhs with current assets of ₹28,913.58 lakhs and non-current assets of ₹21,677.14 lakhs.

Cash Flow Statement

Operating Activities: Generated ₹4,062.32 lakhs from operations after income tax payments of ₹855.36 lakhs. Operating profit before working capital changes was ₹3,716.00 lakhs.

Investing Activities: Used ₹5,148.44 lakhs primarily for investments (₹9,789.44 lakhs outflows) and property plant & equipment acquisitions (₹1,506.68 lakhs), partially offset by investment sales (₹5,386.10 lakhs inflows).

Financing Activities: Net outflow of ₹66.12 lakhs due to borrowings repayment of ₹727.86 lakhs exceeding new borrowings of ₹828.35 lakhs.

Net Result: Overall decrease in cash and cash equivalents of ₹1,152.24 lakhs, with ending balance of ₹794.39 lakhs.

Management Changes

Resignation: Ms. Surbhi Maloo resigned as Company Secretary and Compliance Officer effective November 4, 2026 (after working hours) due to personal reasons.

Appointment: Mr. Raghav Sharma appointed as Company Secretary and Compliance Officer effective November 5, 2026. Mr. Sharma is a qualified Company Secretary, Law Graduate (LL.B.), and Master of Commerce (M.Com.) with over 10 years of experience in corporate governance and regulatory compliance.

IPO Fund Utilization

Status Confirmation: The company confirmed no deviation or variation in the utilization of IPO proceeds of ₹8,107.53 lakhs raised on September 5, 2025. The entire amount has been utilized as per the objects stated in the prospectus.

Utilization Breakdown:

  • Capital expenditure for equipment and fleets: ₹4,174.38 lakhs
  • Repayment/prepayment of borrowings: ₹2,305.25 lakhs
  • General corporate purposes: ₹976.04 lakhs (revised from ₹973.12 lakhs due to undersubscription in employee reservation portion)
  • Offer expenses: ₹651.86 lakhs

Monitoring: CRISIL Ltd. serves as the monitoring agency, and their draft report for Q2 FY27 was reviewed by the Board and Audit Committee.

Additional Information

Board Meeting Details: Held on November 4, 2026, from 5:15 PM to 5:57 PM IST.

Authorized Persons: Updated list of Key Managerial Personnel authorized to determine materiality of events includes Mr. Purushottam Dass Goel (Managing Director), Mr. Arun Kumar Goel (Whole Time Director), Mr. Natwar Lal Ladha (CFO), and Mr. Raghav Sharma (Company Secretary).