Key Decisions and Approvals

The Board of Directors, at its meeting held on November 13, 2026, which commenced and concluded on the same day, inter-alia:

1. Considered and approved the Unaudited (Standalone and Consolidated) Financial Results for the Quarter and Half Year ended September 30, 2026, as recommended by the Audit Committee.

2. Considered and approved the reconstitution of the Stakeholders Relationship Committee.

The financial results were published in newspapers as per Regulation 47 of SEBI (LODR), 2015, and the intimation was uploaded on the company's website (https://iprings.com/).

Standalone Financial Performance (Rs. in Lakhs)

Quarter Ended September 30, 2026 (Q2 FY27):

  • Revenue from Operations: ₹10,575.80
  • Other Income: ₹75.32
  • Total Income: ₹10,651.12
  • Total Expenses: ₹10,482.71
  • Profit before tax: ₹168.41
  • Total Tax Expense: ₹45.21
  • Profit for the period: ₹123.20
  • Basic & Diluted EPS: ₹0.97

Half Year Ended September 30, 2026 (H1 FY27):

  • Revenue from Operations: ₹20,179.21
  • Other Income: ₹186.73
  • Total Income: ₹20,365.94
  • Total Expenses: ₹19,996.19
  • Profit before tax: ₹369.75
  • Total Tax Expense: ₹94.52
  • Profit for the period: ₹275.23
  • Basic & Diluted EPS: ₹2.17

Comparative Figures (Quarter Ended):

  • Q2 FY26 (Sep 30, 2025) Revenue: ₹8,374.15; Profit: ₹34.06; EPS: ₹0.27
  • Q1 FY27 (Jun 30, 2026) Revenue: ₹9,603.41; Profit: ₹152.03; EPS: ₹1.20

Year Ended March 31, 2026 (FY26):

  • Revenue from Operations: ₹33,678.62
  • Profit for the year: ₹269.18
  • Basic & Diluted EPS: ₹2.12

Consolidated Financial Performance (Rs. in Lakhs)

Quarter Ended September 30, 2026 (Q2 FY27):

  • Revenue from Operations: ₹10,575.80
  • Other Income: ₹76.31
  • Total Income: ₹10,652.11
  • Total Expenses: ₹10,482.54
  • Profit before tax and share of joint venture: ₹169.57
  • Share of Profit from Joint Venture: ₹6.38
  • Profit before tax: ₹175.95
  • Total Tax Expense: ₹45.21
  • Profit for the period: ₹130.74
  • Basic & Diluted EPS: ₹1.03

Half Year Ended September 30, 2026 (H1 FY27):

  • Revenue from Operations: ₹20,179.21
  • Other Income: ₹187.72
  • Total Income: ₹20,366.93
  • Total Expenses: ₹19,996.19
  • Profit before tax and share of joint venture: ₹370.74
  • Share of Profit from Joint Venture: ₹8.57
  • Profit before tax: ₹379.31
  • Total Tax Expense: ₹94.52
  • Profit for the period: ₹284.79
  • Basic & Diluted EPS: ₹2.25

Comparative Figures (Quarter Ended):

  • Q2 FY26 (Sep 30, 2025) Revenue: ₹8,374.15; Profit: ₹30.69; EPS: ₹0.24
  • Q1 FY27 (Jun 30, 2026) Revenue: ₹9,603.41; Profit: ₹154.05; EPS: ₹1.22

Year Ended March 31, 2026 (FY26):

  • Revenue from Operations: ₹33,678.62
  • Profit for the year: ₹171.93
  • Basic & Diluted EPS: ₹1.36

Balance Sheet Highlights (Standalone as of September 30, 2026)

  • Total Assets: ₹37,293.37 Lakhs (vs. ₹32,604.25 Lakhs on Mar 31, 2026)
  • Inventories: ₹8,647.27 Lakhs
  • Trade Receivables: ₹8,126.55 Lakhs
  • Cash and Cash Equivalents: ₹125.08 Lakhs
  • Total Borrowings: ₹13,412.38 Lakhs (Non-current: ₹6,025.55 Lakhs; Current: ₹7,386.83 Lakhs)
  • Equity Share Capital: ₹1,267.59 Lakhs
  • Other Equity: ₹9,727.13 Lakhs

Cash Flow Statement (Standalone H1 FY27)

  • Net Cash from Operating Activities: ₹1,633.43 Lakhs
  • Net Cash used in Investing Activities: (₹1,788.26) Lakhs
  • Net Cash from Financing Activities: ₹222.46 Lakhs
  • Net Increase in Cash: ₹67.63 Lakhs

Audit Review

The unaudited financial results were reviewed by the statutory auditors, M/s. M.S. Krishnaswami & Rajan, Chartered Accountants, who issued a limited review report. Based on their review, nothing came to their attention causing them to believe that the statement was not prepared in all material aspects in accordance with the applicable Indian Accounting Standards and SEBI LODR requirements.

The consolidated results include the financials of subsidiary IPR North America Inc. (not reviewed by its auditor) and the group's share of profit from joint venture IPR Eminox Technologies Private Limited (reviewed by the auditors).

Stakeholders Relationship Committee Reconstitution

The composition of the reconstituted Stakeholders Relationship Committee, effective November 13, 2026, is as follows:

1. Mr. Navin Paul (Chairman) - Non-Executive and Independent Director

2. Mr. A. Venkataramani (Member) - Executive and Non-Independent Director

3. Mr. Vikram Vijayaraghavan (Member) - Non-Executive and Independent Director

Notes to Accounts

The company is principally engaged in a single business segment: manufacture and sale of auto components (Piston Rings, Differential Gears, Pole Wheel, and others).

The company acquired the manufacturing division of its joint venture, IPR Eminox Technologies Private Limited, on a slump-sale basis. The gain on this bargain purchase has been recognized in other comprehensive income.