Key Financial Results

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Revenue from operations: ₹760.86 crore (vs ₹596.46 crore in Q2 FY26) - 27.5% increase
  • Total Income: ₹765.45 crore (vs ₹601.00 crore in Q2 FY26)
  • Profit before tax: ₹23.36 crore (vs ₹17.52 crore in Q2 FY26)
  • Net profit: ₹17.20 crore (vs ₹13.07 crore in Q2 FY26) - 31.6% increase
  • Basic EPS: ₹7.46 (vs ₹5.67 in Q2 FY26)
  • Diluted EPS: ₹7.46 (vs ₹5.67 in Q2 FY26)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue from operations: ₹1,535.21 crore (vs ₹1,252.68 crore in H1 FY26) - 22.6% increase
  • Total Income: ₹1,545.62 crore (vs ₹1,261.89 crore in H1 FY26)
  • Profit before tax: ₹32.06 crore (vs ₹36.48 crore in H1 FY26)
  • Net profit: ₹23.71 crore (vs ₹27.18 crore in H1 FY26)
  • Basic EPS: ₹10.28 (vs ₹11.78 in H1 FY26)
  • Diluted EPS: ₹10.28 (vs ₹11.78 in H1 FY26)

Expense Breakdown (Q2 FY27)

  • Cost of materials consumed: ₹366.32 crore
  • Purchase of stock-in-trade: ₹254.87 crore
  • Changes in inventories: (₹62.49) crore
  • Employee benefits expense: ₹55.52 crore
  • Finance costs: ₹1.35 crore
  • Depreciation and amortization: ₹12.30 crore
  • Other expenses: ₹114.22 crore
  • Total expenses: ₹742.09 crore

Tax Expense (Q2 FY27)

  • Current tax: ₹6.72 crore
  • Deferred tax credit: (₹0.56) crore

Exceptional Items

During Q1 FY27 (quarter ended June 30, 2026), the company recorded a reversal of past service cost of ₹8.18 crore as exceptional item, related to remeasurement of gratuity and compensated absences obligations following employee compensation restructuring.

Balance Sheet Position (as at September 30, 2026)

  • Total assets: ₹1,378.33 crore (vs ₹1,253.59 crore as at March 31, 2026)
  • Inventories: ₹320.09 crore (vs ₹255.91 crore)
  • Trade receivables: ₹342.54 crore (vs ₹284.15 crore)
  • Cash and cash equivalents: ₹183.44 crore (vs ₹231.34 crore)
  • Total equity: ₹569.80 crore (vs ₹606.19 crore)
  • Trade payables: ₹62.31 crore (micro enterprises: ₹10.33 crore, others: ₹612.79 crore)

Cash Flow Statement (H1 FY27)

  • Cash generated from operations: ₹37.20 crore
  • Income taxes paid: (₹13.23) crore
  • Net cash from operating activities: ₹23.97 crore
  • Net cash used in investing activities: (₹5.16) crore
  • Net cash used in financing activities: (₹66.71) crore
  • Net decrease in cash: (₹47.90) crore

Dividend Information

Pursuant to shareholder approval at AGM held on August 12, 2026, the company declared Final Dividend of ₹26.50 per equity share (face value ₹10 each) for financial year ended March 31, 2026.

Labor Code Impact

The company recognized the impact of four Labour Codes notified by Government of India on November 21, 2025, requiring immediate recognition of changes in past service cost. This resulted in exceptional item of ₹21.77 crore for FY26 and reversal of ₹8.18 crore in Q1 FY27.

Meeting Details

Board meeting held on November 13, 2026, commenced at 11:45 AM and concluded at 12:30 PM.