Key Financial Figures - Standalone

Quarterly Performance (Q2 FY2026 vs Q2 FY2025):

  • Revenue from operations: ₹587.53 crore (vs ₹448.22 crore YoY)
  • Other Income: ₹3.90 crore (vs ₹9.40 crore YoY)
  • Total Revenue: ₹591.43 crore (vs ₹457.62 crore YoY)
  • Total Expenses: ₹445.41 crore (vs ₹355.17 crore YoY)
  • Profit before tax: ₹146.02 crore (vs ₹102.45 crore YoY)
  • Tax Expense: ₹31.13 crore (vs ₹23.51 crore YoY)
  • Net Profit after tax: ₹114.89 crore (vs ₹78.94 crore YoY)
  • EBITA: ₹163.85 crore (vs ₹110.52 crore YoY)
  • Basic EPS: ₹5.05 (vs ₹3.47 YoY)
  • Diluted EPS: ₹5.05 (vs ₹3.47 YoY)

Half-Year Performance (H1 FY2026 vs H1 FY2025):

  • Revenue from operations: ₹1,096.59 crore (vs ₹820.54 crore YoY)
  • Other Income: ₹7.74 crore (vs ₹23.94 crore YoY)
  • Total Revenue: ₹1,104.33 crore (vs ₹844.48 crore YoY)
  • Total Expenses: ₹847.88 crore (vs ₹646.67 crore YoY)
  • Profit before tax: ₹256.45 crore (vs ₹197.81 crore YoY)
  • Tax Expense: ₹54.09 crore (vs ₹46.75 crore YoY)
  • Net Profit after tax: ₹202.36 crore (vs ₹151.06 crore YoY)
  • EBITA: ₹302.52 crore (vs ₹209.12 crore YoY)
  • Basic EPS: ₹8.90 (vs ₹6.64 YoY)
  • Diluted EPS: ₹8.90 (vs ₹6.64 YoY)

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

  • Total Assets: ₹4,138.65 crore (vs ₹3,728.52 crore as of March 31, 2026)
  • Property, plant and equipment: ₹654.32 crore
  • Inventories: ₹1,245.90 crore
  • Trade receivables: ₹505.78 crore
  • Total Equity: ₹2,654.01 crore
  • Non-current borrowings: ₹454.22 crore
  • Current borrowings: ₹252.84 crore
  • Paid-up equity share capital: ₹45.48 crore (face value ₹2 each)
  • Other equity: ₹2,608.53 crore

Key Financial Figures - Consolidated

Quarterly Performance (Q2 FY2026):

  • Revenue from operations: ₹602.01 crore
  • Other Income: ₹2.28 crore
  • Total Revenue: ₹604.29 crore
  • Total Expenses: ₹500.57 crore
  • Profit before tax: ₹103.72 crore
  • Tax Expense: ₹31.14 crore
  • Net Profit after tax: ₹72.58 crore
  • EBITA: ₹131.33 crore
  • Basic EPS: ₹3.19
  • Diluted EPS: ₹3.19

Half-Year Performance (H1 FY2026):

  • Revenue from operations: ₹1,110.48 crore
  • Other Income: ₹6.26 crore
  • Total Revenue: ₹1,116.74 crore
  • Total Expenses: ₹939.61 crore
  • Profit before tax: ₹177.13 crore
  • Tax Expense: ₹47.41 crore
  • Net Profit after tax: ₹129.72 crore
  • EBITA: ₹240.16 crore
  • Basic EPS: ₹5.70
  • Diluted EPS: ₹5.70

Consolidated Balance Sheet (as of September 30, 2026):

  • Total Assets: ₹3,980.33 crore (vs ₹3,615.33 crore as of March 31, 2026)
  • Property, plant and equipment: ₹837.75 crore
  • Inventories: ₹1,440.52 crore
  • Trade receivables: ₹506.00 crore
  • Total Equity: ₹2,138.15 crore
  • Non-current borrowings: ₹511.92 crore
  • Current borrowings: ₹431.05 crore
  • Paid-up equity share capital: ₹45.48 crore
  • Other equity: ₹2,092.67 crore

Audit Review

The statutory auditors, G.K. Choksi & Co., conducted a limited review of both standalone and consolidated financial results and issued unmodified opinions with certain emphasis of matters.

Emphasis of Matters

Note 4 - Impairment of Investment:

The company has made investments in its subsidiary which in turn was further invested in its operating step-down subsidiary. The subsidiary, including step-down subsidiary, is making losses over certain years which has resulted in the erosion of net worth. Management believes no impairment is warranted due to expected recovery in the near future and strategic nature of the investment.

Note 5 - Judicial Investigation:

Based on suspicion of exporting certain machines with dual-use technology in violation of European Union laws, Investigation Agencies in France has initiated a Judicial Investigation against Huron Graffenstaden SAS and certain of its employees. The investigation is ongoing with certain restrictive interim measures. As of the result date, the matter remains at the investigation stage with no significant developments and has not culminated in any proceedings before a competent court of law. The Group has obtained legal advice and is evaluating further action.

Subsidiaries Included in Consolidation

The consolidated results include:

  • Jyoti SAS (France) - Subsidiary
  • Huron Graffenstaden SAS (Huron France) - Step Down Subsidiary
  • Huron Frasmaschinen Gmbh (Huron GmbH) - Step Down Subsidiary
  • Huron Canada INC (Huron Canada) - Step Down Subsidiary
  • Huron Makina Servis Ve Diş Ticaret Limited Şirketi (Huron Turkey) - Step Down Subsidiary
  • Huron Shanghai Limited (Huron China) - Step Down Subsidiary (share capital subscribed on June 29, 2026)

Business Segment

The company's business falls within a single business segment of Machine Tool Industry. Hence, disclosures under Ind AS 108 - Operating Segments are not reported separately.

Cash Flow Highlights - Standalone (H1 FY2026):

  • Cash generated from operations: ₹122.11 crore
  • Cash used in investing activities: ₹(191.29) crore (mainly purchase of property, plant & equipment)
  • Cash flow from financing activities: ₹53.81 crore
  • Net decrease in cash and cash equivalents: ₹(15.37) crore
  • Cash and cash equivalents at year end: ₹7.36 crore

Cash Flow Highlights - Consolidated (H1 FY2026):

  • Cash generated from operations: ₹111.69 crore
  • Cash used in investing activities: ₹(193.51) crore
  • Cash flow from financing activities: ₹55.47 crore
  • Net decrease in cash and cash equivalents: ₹(26.35) crore
  • Cash and cash equivalents at year end: ₹26.69 crore

Additional Information

The figures for previous periods have been reclassified, regrouped and rearranged wherever necessary to make them comparable with current period's figures. The financial results are available on BSE Limited (www.bseindia.com), National Stock Exchange of India Limited (www.nseindia.com) and the company's website.