Financial Performance - Standalone (Q2 FY26-27 vs Q2 FY25-26)
- Revenue: ₹4,341 lakhs (current) vs ₹4,776 lakhs (previous) - decrease
- Profit before Exceptional items and tax: ₹425 lakhs (current) vs ₹188 lakhs (previous) - increase
- Profit after Tax: ₹318 lakhs (current) vs ₹123 lakhs (previous) - increase of 158%
Financial Performance - Standalone (H1 FY26-27 vs H1 FY25-26)
- Revenue: ₹9,386 lakhs (current) vs ₹8,779 lakhs (previous) - increase
- Profit before Exceptional items and tax: ₹832 lakhs (current) vs ₹278 lakhs (previous) - increase
- Profit after Tax: ₹570 lakhs (current) vs ₹183 lakhs (previous) - increase of 211%
Financial Performance - Consolidated (Q2 FY26-27 vs Q2 FY25-26)
- Revenue: ₹4,645 lakhs (current) vs ₹5,418 lakhs (previous) - decrease
- Profit before Exceptional items and tax: ₹439 lakhs (current) vs ₹190 lakhs (previous) - increase
- Profit after Tax: ₹331 lakhs (current) vs ₹82 lakhs (previous) - increase of 304%
Financial Performance - Consolidated (H1 FY26-27 vs H1 FY25-26)
- Revenue: ₹9,993 lakhs (current) vs ₹11,022 lakhs (previous) - decrease
- Profit before Exceptional items and tax: ₹835 lakhs (current) vs ₹247 lakhs (previous) - increase
- Profit after Tax: ₹572 lakhs (current) vs ₹139 lakhs (previous) - increase of 312%
Business Update - Thane Factory Land Monetization
The company received a Letter of Intent (LOI) from Maharashtra Industrial Development Corporation (MIDC) for proposed development of an IT-ITES Business Park on its leasehold land at C-7, Wagle Industrial Estate, Thane, Maharashtra.
As part of strategic business restructuring, the company has shifted its office from Thane to its Registered Office at Great Social Building, 60, Sir P. M. Road, Fort, Mumbai.
Operational Update - Engineering Products Division (EPD)
The EPD provides technical services including Erection, Installation & Commissioning, Testing Services, Training, Calibration, Annual Maintenance Contract, Repair, Consultancy, Customised and turnkey project services, and supply of spare parts.
Current infrastructure includes:
- 9 branch offices across India
- Two NABL Accredited laboratories at Mumbai and Kolkata (serving Power sector)
- One technical services and customized calibration centre in Bengaluru (serving Sound & Vibration instrument customers)
Expansion plans: The company proposes to open two more NABL accredited laboratories & service centers during the year:
- One service center for North India Power sector customers
- One center in Pune for Automotive, Space, Aerospace & Defense, and General Engineering customers
Order Book Position as on 30-09-2026
- Engineering Product Division (EPD): ₹9,353 lakhs
- EPC projects: ₹6,006 lakhs
Management Commentary
Jai Prakash Agarwal, Chairman, commented that the company delivered strong profitability improvement despite revenue moderation. The growth reflects focus on operational efficiency, cost optimization, disciplined execution, and business quality improvement.
The Engineering Products Division remains the core focus, with commitment to strengthening presence through technologically advanced solutions from globally reputed principals. The company is focusing on expanding technical service capabilities and NABL-accredited calibration facilities to enhance customer support and create sustainable long-term business opportunities.
Management remains cautiously optimistic about the business outlook and will focus on profitable growth, operational excellence, and strengthening position in engineering products and solutions segment.
Company Background
Incorporated in 1907, headquartered in Mumbai with pan-India presence. Engaged in engineering products and technical support services catering to diverse sectors including Infrastructure, Space, Aerospace & Defense, Automotive, General Engineering, Logistics, FMCG, Pharma, Power and Railways.