Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026 (Q2 FY27)
Nature of Filing / Announcement: Regulatory filing under SEBI LODR Regulation 30 - Outcome of Board Meeting
Date of Board Meeting / Approval: November 3, 2026 (commenced at 4:00 PM IST, concluded at 6:00 PM IST)
Audit Opinion: Clean opinion - Limited Review Report states no material misstatements found
Auditor's Comment: No qualifications or modifications. Auditors conducted review in accordance with SRE 2410.
Key Financial Highlights [All amounts in ₹ Lakhs]
Standalone Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹1,100.95 (Q2 FY26: ₹845.80, +30.2% YoY)
- Total Income: ₹1,310.87 (Q2 FY26: ₹1,983.10, -33.9% YoY)
- EBITDA: Not separately disclosed
- Net Profit: ₹409.22 (Q2 FY26: ₹489.61, -16.4% YoY)
- EPS: ₹6.89 (Q2 FY26: ₹8.24)
- Other Equity: ₹34,690.04 (March 31, 2026: ₹33,793.04)
- Cash and Cash Equivalents: ₹168.87 (March 31, 2026: ₹525.32)
- Debt: Short-term borrowings ₹717.35 (March 31, 2026: ₹0)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹1,954.59 (H1 FY26: ₹1,747.88, +11.8% YoY)
- Total Income: ₹3,169.62 (H1 FY26: ₹3,600.37, -12.0% YoY)
- Net Profit: ₹899.81 (H1 FY26: ₹782.15, +15.0% YoY)
- EPS: ₹15.15 (H1 FY26: ₹13.16)
Consolidated Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹1,313.63 (Q2 FY26: ₹1,072.80, +22.4% YoY)
- Total Income: ₹1,524.01 (Q2 FY26: ₹2,210.76, -31.1% YoY)
- Net Profit: ₹428.63 (Q2 FY26: ₹541.27, -20.8% YoY)
- EPS: ₹7.21 (Q2 FY26: ₹9.11)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹2,291.59 (H1 FY26: ₹2,038.15, +12.4% YoY)
- Total Income: ₹3,507.58 (H1 FY26: ₹3,891.94, -9.9% YoY)
- Net Profit: ₹885.05 (H1 FY26: ₹770.70, +14.8% YoY)
- EPS: ₹14.90 (H1 FY26: ₹12.97)
- Profit attributable to equity holders: ₹885.05
Segment-wise Performance:
Card Clothing Segment:
- Q2 FY27 Revenue: ₹1,370.89 (Q2 FY26: ₹1,109.42)
- Q2 FY27 Segment Loss: ₹(247.88) (Q2 FY26 Loss: ₹(236.78))
- H1 FY27 Revenue: ₹2,363.25 (H1 FY26: ₹2,084.87)
- H1 FY27 Segment Loss: ₹(560.43) (H1 FY26 Loss: ₹(532.52))
Realty Segment:
- Q2 FY27 Revenue: ₹153.12 (Q2 FY26: ₹1,101.34)
- Q2 FY27 Segment Profit: ₹87.64 (Q2 FY26 Profit: ₹924.50)
- H1 FY27 Revenue: ₹1,144.33 (H1 FY26: ₹1,807.07)
- H1 FY27 Segment Profit: ₹998.65 (H1 FY26 Profit: ₹1,538.94)
Corporate Actions:
- Dividend: No dividend declared
- Share Split/Bonus/Buyback: None
- Capital Raising: Approved ₹30 million overdraft facility from ICICI Bank
- Director Appointment: Approved draft Postal Ballot Notice for appointment of Mr. Tushar Arvind Vaidya (DIN: 12014930) as Non-Executive Non-Independent Director
Other Significant Information:
- Exceptional Items: Profit of ₹685.11 lakhs from sale of investment property in Baner, Pune for ₹1,320 lakhs [Non-Recurring]
- Labour Code Impact: Previous exceptional items of ₹111.29 lakhs in FY26 due to New Labour Codes implementation
- Business Outlook: Textile carding business facing headwinds from global geopolitical disturbances and economic slowdown, recovery expected by end-FY27
- Entities in Consolidation: The Indian Card Clothing Company Limited (Parent), Garnett Wire Limited (UK, wholly owned), ICC International Agencies Limited (wholly owned)
Statement of Assets and Liabilities (Standalone as of September 30, 2026):
- Total Assets: ₹38,360.34 lakhs (March 31, 2026: ₹36,437.25 lakhs)
- Non-Current Assets: ₹22,859.67 lakhs
- Current Assets: ₹15,500.67 lakhs
- Total Equity: ₹35,284.15 lakhs
- Total Liabilities: ₹3,076.19 lakhs
- Investments: ₹18,749.21 lakhs (Non-Current) + ₹11,370.68 lakhs (Current)
Cash Flow Statement (Standalone H1 FY27):
- Net Cash from Operating Activities: ₹(668.44) lakhs
- Net Cash from Investing Activities: ₹(330.06) lakhs
- Net Cash from Financing Activities: ₹643.64 lakhs
- Net decrease in cash: ₹(354.86) lakhs