Financial Results - Standalone
Quarter Ended September 30, 2026 (Audited):
- Revenue from operations: ₹6,749.09 lakh
- Other income: ₹234.49 lakh
- Total income: ₹6,983.58 lakh
- Total expenses: ₹6,568.74 lakh
- Profit before tax: ₹414.84 lakh
- Tax expense: ₹87.00 lakh
- Profit after tax: ₹327.84 lakh
- EPS: ₹1.25 (basic and diluted)
Half Year Ended September 30, 2026 (Audited):
- Revenue from operations: ₹12,504.29 lakh
- Other income: ₹524.12 lakh
- Total income: ₹13,028.41 lakh
- Total expenses: ₹11,935.18 lakh
- Profit before tax: ₹1,093.23 lakh
- Tax expense: ₹257.90 lakh
- Profit after tax: ₹835.33 lakh
- EPS: ₹3.18 (basic and diluted)
Financial Results - Consolidated
Quarter Ended September 30, 2026 (Audited):
- Revenue from operations: ₹8,082.99 lakh
- Other income: ₹235.14 lakh
- Total income: ₹8,318.13 lakh
- Total expenses: ₹7,929.02 lakh
- Profit before tax: ₹389.11 lakh
- Tax expense: ₹82.92 lakh
- Profit after tax: ₹306.19 lakh
- Attributable to shareholders: ₹316.81 lakh
- Attributable to non-controlling interest: ₹(10.60) lakh
- EPS: ₹1.21 (basic and diluted)
Half Year Ended September 30, 2026 (Audited):
- Revenue from operations: ₹15,091.78 lakh
- Other income: ₹541.48 lakh
- Total income: ₹15,633.26 lakh
- Total expenses: ₹14,570.68 lakh
- Profit before tax: ₹1,062.58 lakh
- Tax expense: ₹252.51 lakh
- Profit after tax: ₹810.07 lakh
- Attributable to shareholders: ₹822.45 lakh
- Attributable to non-controlling interest: ₹(12.38) lakh
- EPS: ₹3.13 (basic and diluted)
Segment Information (Consolidated)
The company operates in two segments:
1. Precured Tread Rubber and allied products/services
2. Electronics including green energy storage
Q2 Segment Revenue:
- Rubber segment: ₹6,749.09 lakh
- Electronics segment: ₹1,333.90 lakh
H1 Segment Revenue:
- Rubber segment: ₹12,504.29 lakh
- Electronics segment: ₹2,587.49 lakh
Key Financial Position Data (Standalone)
As at September 30, 2026:
- Total assets: ₹27,964.23 lakh
- Total equity: ₹24,088.72 lakh
- Total liabilities: ₹3,875.51 lakh
- Paid-up equity share capital: ₹525.00 lakh (face value ₹2 each)
Dividend Declaration
The Board of Directors declared an interim dividend of ₹0.90 per equity share of ₹2/- each in the meeting held on November 06, 2026.
Auditor's Emphasis of Matter
The auditors drew attention to Foot Note 6 regarding the valuation of the company's investment in Compulsorily Convertible Cumulative Preference Shares of a foreign oil exploration company in Nigeria. The fair value of ₹1,150.71 lakh as at September 30, 2026 (₹1,319.50 lakh as at March 31, 2026) is subject to significant estimation uncertainty due to:
- Restrictions on flaring of gas by Nigerian government
- Uncertainty around recommencement of production
- Assumptions relating to future crude oil and gas prices
- Renewal of lease rights
- Operating and development costs
- Prevailing regulatory environment in Nigeria
The exploration and production is currently on hold, and the outcome cannot be determined at present.
Subsidiary Information
The consolidated results include Millennium Manufacturing Systems Private Limited (previously known as Indergy Power Systems Private Limited), which reflects:
- Total assets: ₹1,409.06 lakh as at September 30, 2026
- Total revenue: ₹1,333.90 lakh (Q2) and ₹2,587.49 lakh (H1)
- Net loss after tax: ₹21.63 lakh (Q2) and ₹25.26 lakh (H1)
- Net cash outflows: ₹11.05 lakh for H1
Approval Dates
- Reviewed by Audit Committee: November 05, 2026
- Approved by Board of Directors: November 06, 2026