Independent Auditor's Review Report
Auditor's Conclusion
Based on their review conducted in accordance with Standard on Review Engagement (SRE) 2410 issued by ICAI, the auditors concluded that nothing came to their attention causing them to believe that the financial statements:
- Were not prepared in accordance with Ind AS 34 and relevant accounting principles
- Did not disclose information required by Regulation 33 of SEBI Listing Regulations
- Contained any material misstatement
The review provides moderate assurance but is substantially less in scope than a full audit.
Financial Results Overview
Standalone Results (₹ in Lakhs):
- Net Sales/Income from Operations: ₹3,780 for Q1 FY27 (vs ₹3,353 in Q1 FY26 and ₹9,583 in Q4 FY26)
- Profit Before Tax: ₹15,222 for Q1 FY27 (vs ₹6,916 in Q1 FY26 and ₹703 in Q4 FY26)
Consolidated Results (₹ in Lakhs):
- Net Sales/Income from Operations: ₹3,532 for Q1 FY27 (vs ₹3,546 in Q1 FY26 and ₹9,703 in Q4 FY26)
- Profit Before Tax: ₹15,185 for Q1 FY27 (vs ₹6,906 in Q1 FY26 and ₹594 in Q4 FY26)
Segment-wise Performance (Standalone)
Revenue Breakdown:
- Conveyor Belts: ₹3,549
- Wind Energy: ₹59
- Trading Goods: ₹168
- Unallocated: ₹11
- Total Segment Revenue: ₹3,787
Segment Results (Profit/Loss before Tax & Interest):
- Conveyor Belts: ₹986
- Wind Energy: ₹30
- Trading Goods: ₹131
- Investment: ₹14,339
- Total Segment Result: ₹15,486
Investment Segment Highlights
During the quarter, Profit on Investment amounted to ₹142.80 Lakhs, which includes ₹141.58 Lakhs solely attributable to mark-to-market adjustments in the investment portfolio for the reporting quarter ended June 30, 2026 as per Ind AS 109.
Subsidiary Information
The consolidated results include the following subsidiaries:
1. International Belting Limited (India)
2. Conveyors Holdings Pte Limited (Singapore)
3. International Conveyors America Limited, INC (USA)
4. International Conveyors Australia PTY LTD (Australia)
The company has no associates or joint ventures.
Qualification Regarding Subsidiaries
The consolidated unaudited financial results include the interim financial results of two subsidiaries which have not been reviewed by their auditors. These subsidiaries reflect:
- Total revenues: ₹112.47 lakhs
- Loss after tax: ₹6.51 lakhs
- Total comprehensive loss: ₹6.51 lakhs
According to management, this financial information is not material to the Group. The auditors' conclusion is based solely on the unaudited financial information provided by management.
Assets and Liabilities (Standalone)
Total Segment Assets: ₹74,424 Lakhs
- Conveyor Belts: ₹7,579
- Wind Energy: ₹233
- Trading Goods: ₹1,584
- Investment: ₹63,277
- Other (unallocated): ₹1,751
Total Segment Liabilities: ₹19,647 Lakhs
- Conveyor Belts: ₹2,104
- Wind Energy: ₹73
- Trading Goods: ₹85
- Investment: ₹6,816
- Other (unallocated): ₹10,569
Approval and Dates
- The financial results were reviewed by the Audit Committee and approved by the Board of Directors on August 14, 2026
- Auditor's report signed on August 14, 2026 in Kolkata
- The figures for the quarter ended March 31, 2026 are balancing figures between audited full-year figures and previously published year-to-date figures