Financial Results Overview

Income Statement (Standalone, ₹ in lakh)

Quarter Ended 31.03.2026 (Audited) vs Comparative Periods:

  • Revenue from operations: ₹7,795.90 (vs ₹5,722.44 in Q3 2025, ₹4,979.07 in Q4 2024)
  • Other income: ₹9.40 (vs ₹(2.01) in Q3 2025, ₹23.93 in Q4 2024)
  • Total income: ₹7,805.30
  • Profit before tax: ₹859.56
  • Tax expense: ₹221.94 (Current tax: ₹206.61, Deferred tax: ₹15.33)
  • Profit for the period: ₹637.62
  • EPS (Basic & Diluted): ₹9.38

Year Ended 31.03.2026 (Audited) vs Previous Year:

  • Revenue from operations: ₹22,884.46 (vs ₹18,387.53 in FY25)
  • Other income: ₹16.06 (vs ₹78.55 in FY25)
  • Total income: ₹22,884.46
  • Profit before exceptional items & tax: ₹1,799.32 (vs ₹973.12 in FY25)
  • Exceptional items (net): ₹11.46
  • Profit before tax: ₹1,787.86
  • Tax expense: ₹462.49 (Current tax: ₹447.16, Deferred tax: ₹15.33)
  • Profit for the year: ₹1,325.37 (vs ₹748.58 in FY25)
  • EPS (Basic & Diluted): ₹19.50

Segment Performance (Standalone, ₹ in lakh)

Quarter Ended 31.03.2026:

  • Synthetic Leather & Allied Products - PVC: Revenue ₹2,970.86, Segment result ₹226.79
  • Synthetic Leather & Allied Products - PU: Revenue ₹4,834.44, Segment result ₹677.36
  • Total segment revenue: ₹7,805.30
  • Total segment result: ₹904.15

Year Ended 31.03.2026:

  • Synthetic Leather & Allied Products - PVC: Revenue ₹12,416.61, Segment result ₹866.53
  • Synthetic Leather & Allied Products - PU: Revenue ₹10,428.85, Segment result ₹1,103.22
  • Total segment revenue: ₹22,884.46
  • Total segment result: ₹1,969.75

Assets and Liabilities Position (Standalone, ₹ in lakh)

As at 31st March 2026 vs 31st March 2025:

  • Total assets: ₹16,262.82 (vs ₹10,953.32)
  • Non-current assets: ₹6,362.28 (Property, plant & equipment: ₹3,855.38, Capital work-in-progress: ₹2,337.75)
  • Current assets: ₹9,900.54 (Inventories: ₹3,455.22, Trade receivables: ₹5,516.46)
  • Equity: ₹7,689.11 (Equity share capital: ₹679.80, Other equity: ₹7,009.31)
  • Non-current liabilities: ₹1,800.84 (Borrowings: ₹1,560.98, Deferred tax liability: ₹239.86)
  • Current liabilities: ₹6,772.87 (Borrowings: ₹2,639.99, Trade payables: ₹3,824.23)

Cash Flow Statement (Standalone, ₹ in lakh)

Year Ended 31.03.2026 vs 31.03.2025:

  • Net cash from operating activities: ₹298.46 (vs ₹803.37)
  • Net cash used in investing activities: ₹(2,000.42) (vs ₹(1,877.89))
  • Net cash from financing activities: ₹1,695.83 (vs ₹(295.73))
  • Net increase in cash: ₹(6.14)
  • Cash and cash equivalents at end: ₹3.05 (vs ₹9.19)

Audit and Compliance Details

  • The results were reviewed by the Audit Committee and approved by the Board of Directors in meetings held on May 26, 2026
  • Statutory Auditors: Arora & Choudhary Associates (Firm Registration No. 003870N)
  • Audit report contains unmodified opinion with no qualifications
  • Financial results prepared in accordance with Indian Accounting Standards (Ind AS)
  • Declaration confirms no audit qualifications for the financial year ended March 31, 2026

Related Party Transactions

Disclosed related party transactions for half-year ended March 31, 2026, including:

  • Transactions with executive directors, company secretary, CFO, independent directors
  • Transactions with relatives of directors and common directors
  • Various transaction types including remuneration, sitting fees, consultation, sale/purchase of goods
  • Counterparties include: Ramnik Garg, Navneet Garg, Rushil Garg, S.K. Verma, Jyoti Rani, and others