Incredible Industries Limited submitted its unaudited financial results for the quarter and half year ended 30th September, 2026 pursuant to Regulation 33(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on 13th November, 2026, and include a Limited Review Report from the statutory auditors, Sudhir Kumar Jain & Associates.

Financial Performance - Quarter Ended 30th September, 2026

  • Revenue from operations: ₹181.01 crore (compared to ₹203.03 crore in Q2 FY26 and ₹212.13 crore in Q1 FY27)
  • Other income: ₹17.02 lakh
  • Total income: ₹182.18 crore
  • Total expenses: ₹179.60 crore
  • Profit before tax: ₹2.57 crore (compared to ₹5.30 crore in Q2 FY26 and ₹2.19 crore in Q1 FY27)
  • Tax expense: ₹8.50 lakh (Current tax: ₹7.83 lakh, Deferred tax: ₹0.67 lakh)
  • Net profit: ₹1.72 crore (compared to ₹3.96 crore in Q2 FY26)
  • Basic EPS: ₹0.37 (compared to ₹0.87 in Q2 FY26)
  • Diluted EPS: ₹0.37 (compared to ₹0.87 in Q2 FY26)

Financial Performance - Half Year Ended 30th September, 2026

  • Revenue from operations: ₹394.04 crore (compared to ₹432.27 crore in H1 FY26)
  • Other income: ₹14.77 lakh
  • Total income: ₹395.52 crore
  • Total expenses: ₹387.65 crore
  • Profit before tax: ₹7.87 crore (compared to ₹7.13 crore in H1 FY26)
  • Tax expense: ₹21.87 lakh (Current tax: ₹21.87 lakh, Deferred tax: ₹0.00)
  • Net profit: ₹5.68 crore (compared to ₹5.20 crore in H1 FY26)
  • Basic EPS: ₹1.25 (compared to ₹1.13 in H1 FY26)
  • Diluted EPS: ₹1.23 (compared to ₹1.13 in H1 FY26)

Balance Sheet Position as at 30th September, 2026

  • Total assets: ₹31,769.31 lakh (compared to ₹22,147.11 lakh as at 31st March, 2026)
  • Non-current assets: ₹15,206.92 lakh (includes Property, Plant and Equipment of ₹924.37 lakh and Capital work-in-progress of significant amount)
  • Current assets: ₹16,562.39 lakh (includes Inventories of ₹2,416.79 lakh, Trade receivables of ₹4,546.27 lakh, and Cash & cash equivalents of ₹32.01 lakh)
  • Equity: ₹16,207.59 lakh (Equity share capital: ₹4,676.38 lakh, Other equity: ₹11,531.21 lakh)
  • Non-current liabilities: ₹9,307.00 lakh (Borrowings: ₹5,069.51 lakh)
  • Current liabilities: ₹6,164.72 lakh (Borrowings: ₹2,435.02 lakh)

Cash Flow Statement - Half Year Ended 30th September, 2026

  • Net cash used in operating activities: ₹(745.51) lakh (compared to ₹353.36 lakh generated in H1 FY26)
  • Net cash used in investing activities: ₹(6,150.69) lakh (primarily for purchase of fixed assets including CWIP: ₹5,709.02 lakh)
  • Net cash generated from financing activities: ₹6,919.89 lakh (primarily from long-term borrowings: ₹6,738.09 lakh)
  • Net decrease in cash and cash equivalents: ₹(1,803.33) lakh
  • Cash and cash equivalents at end of period: ₹14.35 lakh

Significant Notes and Disclosures

1. The company's business activity falls within a single primary business segment: "Iron & Steel Products"

2. Provisions for gratuity and leave encashment for the half year have been made on an estimated basis

3. There are no exceptional or extraordinary items

4. The company does not have any subsidiary/associate/joint venture companies as on 30th September, 2026

5. The company is processing the installation of a Steel Melting Shop (SMS) with capacity of 2,56,000 MTPA as backward integration

6. The project also includes enhancing Rolling Mill capacity, upgradation of automation, and modification in Rolling Mill

7. The project will enable direct charging of billets from SMS to Rolling Mill, eliminating fuel cost for reheating and improving finished goods yield

8. The amount reflecting in Capital Work-in-Progress and Non-Current Assets (Capital Advances) includes amounts spent on this project

Auditor's Review

Sudhir Kumar Jain & Associates conducted a limited review and concluded that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement.