Board Meeting Details

The Board of Directors meeting was held on May 29, 2026, commencing at 3:00 PM and concluding at 4:45 PM. The Board approved both standalone and consolidated audited financial results for the quarter and year ended March 31, 2026.

Standalone Financial Performance (Year Ended March 31, 2026)

  • Total Income: ₹1,328.18 lakhs (Previous year: ₹1,313.27 lakhs)
  • Total Expenses: ₹397.49 lakhs (Previous year: ₹416.67 lakhs)
  • Profit Before Tax: ₹930.69 lakhs (Previous year: ₹896.60 lakhs)
  • Tax Expense: ₹86.18 lakhs (Previous year: ₹243.22 lakhs)
  • Net Profit After Tax: ₹844.51 lakhs (Previous year: ₹653.38 lakhs) - 29.2% increase
  • Earnings Per Share (Basic & Diluted): ₹13.63 (Previous year: ₹10.55)
  • Other Comprehensive Income: ₹(60.88) lakhs (Previous year: ₹242.51 lakhs)
  • Total Comprehensive Income: ₹783.62 lakhs (Previous year: ₹895.89 lakhs)
  • Paid-up Equity Share Capital: ₹619.50 lakhs (unchanged)
  • Reserves excluding Revaluation Reserve: ₹14,081.86 lakhs (Previous year: ₹13,298.22 lakhs)

Standalone Financial Performance (Quarter Ended March 31, 2026)

  • Total Income: ₹132.84 lakhs
  • Total Expenses: ₹96.26 lakhs
  • Profit Before Tax: ₹36.58 lakhs
  • Tax Benefit: ₹(8.91) lakhs
  • Net Profit After Tax: ₹45.49 lakhs
  • Earnings Per Share (Basic & Diluted): ₹0.73
  • Other Comprehensive Income: ₹(55.62) lakhs
  • Total Comprehensive Income: ₹(10.13) lakhs

Consolidated Financial Performance (Year Ended March 31, 2026)

  • Total Income: ₹520.85 lakhs (Previous year: ₹505.06 lakhs)
  • Total Expenses: ₹397.49 lakhs (Previous year: ₹416.67 lakhs)
  • Profit Before Share of Associates: ₹123.36 lakhs (Previous year: ₹88.39 lakhs)
  • Profit from Associate Companies: ₹6,646.93 lakhs (Previous year: ₹5,651.19 lakhs)
  • Profit Before Tax: ₹6,770.29 lakhs (Previous year: ₹5,739.58 lakhs)
  • Tax Expense: ₹86.18 lakhs (Previous year: ₹243.22 lakhs)
  • Net Profit After Tax: ₹6,684.11 lakhs (Previous year: ₹5,496.36 lakhs) - 21.6% increase
  • Earnings Per Share (Basic & Diluted): ₹107.90 (Previous year: ₹88.72)
  • Other Comprehensive Income: ₹3,466.69 lakhs (Previous year: ₹740.06 lakhs)
  • Total Comprehensive Income: ₹10,150.80 lakhs (Previous year: ₹6,236.42 lakhs)
  • Reserves excluding Revaluation Reserve: ₹76,883.31 lakhs (Previous year: ₹66,732.50 lakhs)

Consolidated Financial Performance (Quarter Ended March 31, 2026)

  • Total Income: ₹132.84 lakhs
  • Total Expenses: ₹96.26 lakhs
  • Profit Before Share of Associates: ₹36.58 lakhs
  • Profit from Associate Companies: ₹1,668.53 lakhs
  • Profit Before Tax: ₹1,705.11 lakhs
  • Tax Benefit: ₹(8.91) lakhs
  • Net Profit After Tax: ₹1,714.02 lakhs
  • Earnings Per Share (Basic & Diluted): ₹27.67
  • Other Comprehensive Income: ₹541.92 lakhs
  • Total Comprehensive Income: ₹2,255.94 lakhs

Key Financial Notes

1. Dividend Income: Other income includes dividend received of ₹807.33 lakhs for both years ended March 31, 2026 and March 31, 2025 from associate company WPIL Ltd.

2. Labor Code Implementation: On November 21, 2025, Government of India notified four Labour Codes effective immediately. The incremental impact of these changes was assessed as not material and recognized in the financial results for quarter and year ended March 31, 2026.

3. Consolidation Entities: Consolidated results include:

  • Subsidiary: Bharath Oil and Chemical Industries Limited
  • Associates: Asutosh Enterprises Limited, Bengal Steel Industries Limited, Hindusthan Parsons Limited, WPIL Limited, Spaans Babcock India Limited

4. Auditor Qualifications: Both standalone and consolidated financial results received unmodified audit opinions without qualifications.

Cash Flow Highlights (Standalone)

  • Net Cash from Operating Activities: ₹112.03 lakhs (Previous year: ₹(428.72) lakhs)
  • Net Cash from Investing Activities: ₹59.20 lakhs (Previous year: ₹660.94 lakhs)
  • Net Cash from Financing Activities: ₹(150.56) lakhs (Previous year: ₹(151.75) lakhs)
  • Cash and Cash Equivalents at year-end: ₹149.50 lakhs (Previous year: ₹128.83 lakhs)

Cash Flow Highlights (Consolidated)

  • Net Cash from Operating Activities: ₹112.31 lakhs (Previous year: ₹(428.32) lakhs)
  • Net Cash from Investing Activities: ₹58.92 lakhs (Previous year: ₹660.54 lakhs)
  • Net Cash from Financing Activities: ₹(150.56) lakhs (Previous year: ₹(151.75) lakhs)
  • Cash and Cash Equivalents at year-end: ₹149.69 lakhs (Previous year: ₹129.02 lakhs)

Balance Sheet Position (Standalone as of March 31, 2026)

  • Total Assets: ₹16,219.95 lakhs (Previous year: ₹15,605.77 lakhs)
  • Total Equity: ₹14,749.81 lakhs (Previous year: ₹13,966.17 lakhs)
  • Non-current Liabilities: ₹916.24 lakhs (Previous year: ₹1,118.49 lakhs)
  • Current Liabilities: ₹553.90 lakhs

Balance Sheet Position (Consolidated as of March 31, 2026)

  • Total Assets: ₹79,059.04 lakhs (Previous year: ₹69,077.72 lakhs)
  • Total Equity: ₹77,551.27 lakhs (Previous year: ₹67,400.45 lakhs)
  • Non-current Liabilities: ₹938.26 lakhs (Previous year: ₹1,140.19 lakhs)
  • Current Liabilities: ₹549.50 lakhs (Previous year: ₹517.07 lakhs)

Audit Committee Review

The financial results for the quarter ended March 31, 2026 were reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on May 29, 2026.