Key Financial Results (Amounts in ₹ millions)

Income Statement for Quarter Ended June 30, 2026:

  • Revenue from Operations: ₹430.41 (Net Sales: ₹412.56; Other Operating Income: ₹17.85)
  • Other Income: ₹5.68
  • Total Income: ₹436.09

Expenses:

  • Cost of raw materials consumed: ₹174.38
  • Changes in inventories: (₹41.19)
  • Manufacturing expenses: ₹117.52
  • Employee benefits expense: ₹68.16
  • Finance Costs: ₹5.49
  • Depreciation and amortisation expense: ₹23.44
  • Other expenses: ₹27.16
  • Total Expenses: ₹374.96

Profitability:

  • Profit before Tax: ₹61.13
  • Total Income Tax Expense: ₹15.15 (Current Tax: ₹16.13; Deferred Tax: (₹0.98))
  • Net Profit for the period: ₹45.98
  • Other Comprehensive Income (after tax): ₹0.66
  • Total Comprehensive Income (after tax): ₹46.64

Earnings Per Share (EPS):

  • Basic EPS: ₹0.55
  • Diluted EPS: ₹0.55

Comparative Financials

Quarterly Comparison:

  • Total Income for Q1 FY27 (June 30, 2026): ₹436.09 vs. Q4 FY26 (March 31, 2026): ₹572.67 vs. Q1 FY26 (June 30, 2025): ₹389.40
  • Net Profit for Q1 FY27: ₹45.98 vs. Q4 FY26: ₹65.29 vs. Q1 FY26: ₹41.46

Annual Figures (Audited for Year Ended March 31, 2026):

  • Total Income: ₹1,934.33
  • Net Profit: ₹226.05
  • EPS: ₹2.70

Capital Structure

  • Paid-up Equity Share Capital (Face value ₹5 per share): ₹417.66 million
  • Other Equity: ₹803.13 million (as of March 31, 2026)

Significant Post-Quarter Event: IPO Completion

Subsequent to the quarter end, the company completed its Initial Public Offer (IPO) on September 1, 2026. The details are:

  • Total Issue Size: 25,610,204 equity shares of face value ₹5 each at an issue price of ₹53 per share.
  • Fresh Issue: 11,320,754 equity shares aggregating to ₹600.00 million.
  • Offer for Sale: 14,289,450 equity shares by selling shareholders aggregating to ₹757.34 million.
  • The equity shares were listed on the National Stock Exchange of India Limited (NSE) and BSE Limited.

Notes to Results

1. The company operates in a single business segment: manufacturing of hydraulic fittings.

2. The figures for the quarter ended March 31, 2026, and June 30, 2025, were compiled by management and were not subjected to audit or review by the statutory auditors.

3. This is the first time the unaudited financial results have been drawn up in accordance with SEBI LODR Regulations following the IPO.

Dates and Logistics

  • Board Meeting Date: September 18, 2026
  • Meeting Time: Commenced at 04:30 p.m. and concluded at 05:40 p.m.
  • Limited Review Report Date: September 18, 2026