Summary of Key Information:
Reporting Period (Quarter/Year): Quarter 2 and Half Year Ended 30th September 2026 (FY27)
Nature of Filing / Announcement: Outcome of Board Meeting - Submission of Unaudited Financial Results under SEBI Listing Regulations
Date of Board Meeting / Approval: 23rd October 2026 (commenced at 1:45 PM, concluded at 3:05 PM)
Audit Opinion: Limited Review Report - Unmodified opinion (no qualifications)
Auditor’s Comment: The auditors, Lodha & Co LLP, conducted a review in accordance with SRE 2410. Their report states that based on their review, nothing has come to their attention that causes them to believe that the Statement contains any material misstatement. They draw attention to the Scheme of Amalgamation of Cavendish Industries Ltd (CIL) with the Company, effective from April 1, 2025, for which comparative figures have been restated.
Key Financial Highlights [₹ in Crores]
Consolidated Results:
Revenue from Operations:
- Q2 FY27: ₹4,840.73 (Unaudited)
- Q1 FY27: ₹3,946.24 (Unaudited)
- Q2 FY26: ₹4,011.31 (Unaudited, restated)
- Half Year FY27: ₹8,786.97 (Unaudited)
- Half Year FY26: ₹7,880.25 (Unaudited, restated)
- Full Year FY26: ₹16,326.65 (Audited)
Total Income:
- Q2 FY27: ₹4,849.96
- Q1 FY27: ₹3,955.66
- Q2 FY26: ₹4,025.61 (restated)
EBITDA (Operating Profit - PBIDT):
- Q2 FY27: ₹343.14
- Q1 FY27: ₹267.64
- Q2 FY26: ₹535.68 (restated)
Net Profit:
- Q2 FY27 Profit after Tax: ₹59.99
- Q2 FY27 Profit for the period attributable to Owners of the Parent: ₹65.11
- Q2 FY26 Profit for the period attributable to Owners of the Parent: ₹226.89 (restated)
EPS (Basic/Diluted) [₹ per share of face value ₹2]:
- Q2 FY27: ₹2.29
- Q2 FY26: ₹7.96 (restated)
Other Equity (excluding Revaluation Reserve):
- As at 30.09.2026: ₹6,008.99 Crores (Unaudited)
- As at 31.03.2026: ₹6,003.16 Crores (Audited)
Cash and Cash Equivalents:
- As at 30.09.2026: ₹156.91 Crores (Unaudited)
- As at 31.03.2026: ₹236.67 Crores (Audited)
Debt:
Borrowings (Non-current + Current):
- As at 30.09.2026: ₹5,986.79 Crores (₹2,661.51 + ₹3,325.28) (Unaudited)
- As at 31.03.2026: ₹4,746.00 Crores (₹2,527.91 + ₹2,218.09) (Audited)
Standalone Results (Summary):
Revenue from Operations:
- Q2 FY27: ₹4,452.06 (Unaudited)
- Q2 FY26: ₹3,515.93 (Unaudited, restated)
Net Profit (PAT):
- Q2 FY27: ₹60.68 (Unaudited)
- Q2 FY26: ₹211.95 (Unaudited, restated)
EPS (Basic/Diluted):
- Q2 FY27: ₹2.10
- Q2 FY26: ₹7.35 (restated)
Segment-wise Performance [₹ in Crores]:
Segment Revenue (Q2 FY27):
- India: ₹4,453.19
- Mexico: ₹478.31
- Others: ₹0.61
Total Segment Revenue: ₹4,932.11
Segment Results - Profit before Finance Costs, Exceptional Items & Tax (Q2 FY27):
- India: ₹208.08
- Mexico: ₹7.06
- Others: ₹(0.11)
Total: ₹215.03
Capital Employed (Segment Assets - Segment Liabilities) as at 30.09.2026:
- India: ₹4,755.14 Crores
- Mexico: ₹1,236.86 Crores
- Others: ₹73.99 Crores
Total Capital Employed: ₹6,065.99 Crores
Corporate Actions:
Dividend: Not Specified
Share Split/Bonus/Buyback: Not Specified
Capital Raising: Not Specified
Other Significant Information:
Exceptional Items (Consolidated, Q2 FY27): Net expense of ₹12.31 Crores, comprising:
- Foreign exchange loss: ₹6.15 Crores
- VRS expense: ₹6.16 Crores
- Stamp duty: Nil
ESG Rating: The accompanying press release mentions the company secured the highest rating "ESG l+" from CareEdge for its ESG performance.
Press Release Highlights (Annexure 5):
- The company reported its "highest-ever consolidated revenue".
- The Chairman & Managing Director, Dr. Raghupati Singhania, commented on the results, citing a 20% YoY revenue growth, a 65% increase in OE market sales in India post-GST 2.0, and a 32% growth in domestic sales YoY.
- Consolidated EBITDA for Q2 was ₹343 crore, cited as a 28% sequential increase.
- The performance of the Mexican subsidiary, JK Tornel, rebounded with a revenue of ₹479 crore.