The Board of Directors considered and approved the Unaudited Financial Results for the quarter ended June 30, 2026. The results were accompanied by a limited review report issued by the company's Statutory Auditors, Deloitte Haskins & Sells LLP. The report, dated August 12, 2026, concluded that nothing had come to their attention to believe the statement contained any material misstatement.

Key Financial Figures (Quarter Ended June 30, 2026)

  • Revenue from operations: ₹77,435 lakhs (Unaudited)
  • Other Income: ₹582 lakhs (Unaudited)
  • Total Income: ₹78,017 lakhs (Unaudited)
  • Total Expenses: ₹77,965 lakhs (Unaudited)
  • Profit before exceptional item and tax: ₹52 lakhs (Unaudited)
  • Exceptional Items: (₹818) lakhs (A reversal of past service cost)
  • Profit before tax: ₹870 lakhs (Unaudited)
  • Tax expense: ₹219 lakhs (₹137 lakhs Current tax, ₹82 lakhs Deferred tax)
  • Profit for the period: ₹651 lakhs (Unaudited)
  • Total comprehensive income for the period: ₹784 lakhs (Unaudited)
  • Earnings per share (EPS): Basic and Diluted ₹2.82 (Unaudited, not annualized)

Comparative Performance

Vs. Previous Quarter (Q4 FY26 - Ended March 31, 2026):

  • Revenue increased from ₹61,628 lakhs to ₹77,435 lakhs.
  • Profit before tax decreased from ₹1,333 lakhs to ₹870 lakhs.
  • Net profit decreased from ₹969 lakhs to ₹651 lakhs.

Vs. Corresponding Quarter Previous Year (Q1 FY26 - Ended June 30, 2025):

  • Revenue increased from ₹65,622 lakhs to ₹77,435 lakhs.
  • Profit before tax decreased from ₹1,896 lakhs to ₹870 lakhs.
  • Net profit decreased from ₹1,411 lakhs to ₹651 lakhs.

Exceptional Items

An exceptional item of ₹818 lakhs was recorded for the quarter. This represents a reversal of past service cost previously recognized in earlier quarters. This reversal is related to the remeasurement of gratuity and compensated absences obligations following an employee compensation restructuring, which itself was triggered by the notification of four Labour Codes by the Government of India on November 21, 2025.

Notes to Financial Results

1. The financial results are prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and Regulation 33 of SEBI LODR.

2. The company has one operating segment: "Automotive tyres, tubes & flaps".

3. The figures for the previous quarter (March 31, 2026) are balancing figures between audited annual figures and published year-to-date figures up to the third quarter.

4. The impact of the Labour Codes was detailed, noting an aggregate past service cost of ₹2,177 lakhs was recognized as an exceptional item for the year ended March 31, 2026.

5. The Statement was reviewed by the Audit Committee and approved by the Board of Directors on August 12, 2026.