Key Financial Figures
Standalone Performance (Q2 FY27 vs Q2 FY26)
- Revenue from operations: ₹10,896.10 lakhs (vs ₹9,906.15 lakhs YoY)
- Total income: ₹10,993.45 lakhs (vs ₹10,055.78 lakhs YoY)
- Profit before tax: ₹684.87 lakhs (vs ₹645.09 lakhs YoY)
- Profit after tax: ₹462.12 lakhs (vs ₹443.81 lakhs YoY)
- Basic EPS: ₹0.96 (vs ₹0.92 YoY)
Standalone Performance (H1 FY27 vs H1 FY26)
- Revenue from operations: ₹21,389.31 lakhs (vs ₹19,031.96 lakhs YoY)
- Total income: ₹21,577.38 lakhs (vs ₹19,313.42 lakhs YoY)
- Profit before tax: ₹1,390.79 lakhs (vs ₹1,284.27 lakhs YoY)
- Profit after tax: ₹967.87 lakhs (vs ₹902.17 lakhs YoY)
- Basic EPS: ₹2.01 (vs ₹1.88 YoY)
Consolidated Performance (Q2 FY27 vs Q2 FY26)
- Revenue from operations: ₹11,459.46 lakhs (vs ₹10,389.47 lakhs YoY)
- Total income: ₹11,570.28 lakhs (vs ₹10,575.08 lakhs YoY)
- Profit before tax: ₹787.20 lakhs (vs ₹716.98 lakhs YoY)
- Profit after tax: ₹539.99 lakhs (vs ₹498.49 lakhs YoY)
- Basic EPS: ₹1.12 (vs ₹1.04 YoY)
Consolidated Performance (H1 FY27 vs H1 FY26)
- Revenue from operations: ₹22,483.76 lakhs (vs ₹20,015.59 lakhs YoY)
- Total income: ₹22,699.63 lakhs (vs ₹20,376.58 lakhs YoY)
- Profit before tax: ₹1,571.01 lakhs (vs ₹1,468.89 lakhs YoY)
- Profit after tax: ₹1,105.73 lakhs (vs ₹1,041.86 lakhs YoY)
- Basic EPS: ₹2.30 (vs ₹2.17 YoY)
Balance Sheet Position (as of September 30, 2026)
Standalone
- Total assets: ₹71,241.80 lakhs (vs ₹67,964.33 lakhs as of March 31, 2026)
- Equity share capital: ₹4,805.16 lakhs (unchanged)
- Total equity: ₹54,742.44 lakhs (vs ₹53,774.57 lakhs as of March 31, 2026)
Consolidated
- Total assets: ₹79,536.54 lakhs (vs ₹77,034.82 lakhs as of March 31, 2026)
- Equity share capital: ₹4,805.16 lakhs (unchanged)
- Total equity: ₹56,753.90 lakhs (vs ₹55,648.17 lakhs as of March 31, 2026)
Cash Flow Statement (H1 FY27)
Standalone
- Net cash from operating activities: ₹338.90 lakhs
- Net cash used in investing activities: ₹(2,577.39) lakhs
- Net cash from financing activities: ₹1,290.41 lakhs
- Net decrease in cash: ₹(948.08) lakhs
Consolidated
- Net cash from operating activities: ₹1,212.78 lakhs
- Net cash used in investing activities: ₹(2,557.33) lakhs
- Net cash used in financing activities: ₹(77.28) lakhs
- Net decrease in cash: ₹(1,421.83) lakhs
Segment Information
Revenue Breakdown (H1 FY27 Consolidated)
- Cranes segment: ₹10,396.78 lakhs
- Tractor segment: ₹10,992.53 lakhs
- NBFC segment: ₹1,094.44 lakhs
Segment Results (H1 FY27 Consolidated)
- Cranes segment profit: ₹949.26 lakhs
- Tractor segment profit: ₹719.86 lakhs
- NBFC segment profit: ₹464.90 lakhs
IPO Proceeds Utilization
As of September 30, 2026, the utilization of IPO proceeds (raised in FY 2024-25) is as follows:
- Crane capacity expansion: ₹3,147.51 lakhs utilized of ₹7,007.40 lakhs allocated (₹3,859.89 lakhs unutilized)
- Borrowing repayment: ₹5,000.00 lakhs fully utilized
- NBFC subsidiary investment: ₹4,500.00 lakhs fully utilized
- General corporate purposes: ₹299.30 lakhs fully utilized
Unutilized proceeds of ₹3,859.89 lakhs are parked in bank balances and fixed deposits with scheduled commercial banks.
Additional Notes
- The financial results were reviewed by the Audit Committee and approved by the Board on November 13, 2026
- Statutory auditors conducted a limited review and issued an unmodified opinion
- Results prepared in accordance with Ind AS 34 and SEBI regulations
- For FY26, the company recognized an incremental expense of ₹86.81 lakhs (group) and ₹82.09 lakhs (company) relating to implementation of new labor codes
- EPS figures are not annualized for quarterly/half-yearly periods