Financial Results Overview

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Net Loss: ₹74.41 lakh (vs ₹147.69 lakh loss in Q2 FY26)
  • Continuing Operations Loss: ₹121.91 lakh (vs ₹63.55 lakh loss in Q2 FY26)
  • Discontinued Textile Operations Profit: ₹47.50 lakh (vs ₹84.14 lakh loss in Q2 FY26)
  • Total Income: ₹219.76 lakh (vs ₹354.12 lakh in Q2 FY26)
  • Total Expenses: ₹341.67 lakh (vs ₹417.67 lakh in Q2 FY26)
  • EPS (Basic & Diluted): ₹(4.47) per share (vs ₹(8.87) per share in Q2 FY26)

Half Year Performance (H1 FY27 vs H1 FY26)

  • Net Loss: ₹132.67 lakh (vs ₹266.77 lakh loss in H1 FY26)
  • Continuing Operations Loss: ₹134.02 lakh (vs ₹41.15 lakh profit in H1 FY26)
  • Discontinued Textile Operations Profit: ₹1.35 lakh (vs ₹307.92 lakh loss in H1 FY26)
  • Total Income: ₹534.29 lakh (vs ₹865.66 lakh in H1 FY26)
  • Total Expenses: ₹668.31 lakh (vs ₹824.51 lakh in H1 FY26)
  • EPS (Basic & Diluted): ₹(7.97) per share (vs ₹(16.03) per share in H1 FY26)

Revenue Breakdown

Q2 FY27 Continuing Operations

  • Net Sales/Income from Operations: ₹208.71 lakh
  • Other Operating Income: ₹10.45 lakh
  • Total Revenue from Operations: ₹219.16 lakh
  • Other Income: ₹0.60 lakh (including fair value loss on mutual fund investment of ₹12.65 lakh)

Expense Analysis

  • Cost of Materials Consumed: ₹87.89 lakh
  • Employee Benefits Expense: ₹130.42 lakh
  • Depreciation and Amortization: ₹34.51 lakh
  • Other Expenses: ₹86.28 lakh
  • Finance Cost: ₹0.55 lakh

Discontinued Textile Operations Details

Q2 FY27 Performance

  • Income: ₹85.94 lakh
  • Expenses: ₹38.44 lakh
  • Profit Before Tax: ₹47.50 lakh

Key Notes on Discontinued Operations

  • Textile operations were discontinued in previous year with assets shown as held for sale
  • Land & Building of textile division continues as Property, Plant and Equipment as management plans alternative use
  • Interest subsidy of ₹127.73 lakh under New Textile Policy 2012 remains outstanding with government department
  • Management confident of realizing subsidy claims
  • Certain labor cases pending but management expects no material liability beyond provisions

Balance Sheet Position (as of September 30, 2026)

Assets

  • Total Assets: ₹4,649.13 lakh
  • Non-Current Assets: ₹2,786.09 lakh (including Investments: ₹1,893.70 lakh, Property Plant and Equipment: ₹622.27 lakh)
  • Current Assets: ₹1,863.04 lakh (including Inventories: ₹389.74 lakh, Trade Receivables: ₹185.06 lakh, Cash and Cash Equivalents: ₹136.37 lakh)
  • Assets Held for Sale: ₹535.30 lakh

Equity and Liabilities

  • Equity Share Capital: ₹166.45 lakh (Face value ₹10 each)
  • Other Equity: ₹2,983.24 lakh
  • Total Equity: ₹3,149.69 lakh
  • Non-Current Liabilities: ₹401.77 lakh (Provisions)
  • Current Liabilities: ₹1,097.67 lakh

Cash Flow Statement (H1 FY27)

Operating Activities

  • Net Cash Used: ₹(104.02) lakh
  • Cash Generated from Operations: ₹(114.94) lakh
  • Direct Taxes Paid: ₹(10.92) lakh

Investing Activities

  • Net Cash Generated: ₹137.80 lakh
  • Sale of Property, Plant and Equipment: ₹375.25 lakh
  • Investments Purchased: ₹(333.98) lakh
  • Investments Sold: ₹97.62 lakh

Financing Activities

  • Net Cash Used: ₹(33.67) lakh
  • Lease Liability Payments: ₹(29.89) lakh
  • Interest Paid: ₹(2.62) lakh

Other Significant Disclosures

Segment Information

  • Company now has only one segment - Engineering Division
  • No segment disclosure required

Legal Matters

  • Joint property development arbitration appeal pending before Bombay High Court Division Bench
  • Company has provided ₹63.98 lakh against claim of ₹1,597.39 lakh plus interest
  • Management expects no further liability

Deferred Tax

  • No deferred tax assets created due to uncertainty of future taxable profit

Investor Complaints

  • One complaint received during quarter, one disposed
  • No complaints pending as of September 30, 2026

Board Meeting Details

  • Meeting held on November 4, 2026
  • Commenced at 11:00 AM, concluded at 1:00 PM