Key Financial Figures - Standalone (₹ in Crores)

Quarterly Performance (Q2 FY27)

  • Revenue from operations: ₹243.84
  • Other income: ₹4.73
  • Total income: ₹248.57
  • Total expenses: ₹233.04
  • Profit before tax: ₹15.53
  • Tax expense: ₹0.16 (Deferred tax: ₹0.16)
  • Net profit: ₹15.37
  • Basic EPS: ₹0.1287
  • Diluted EPS: ₹0.1286

Half-Yearly Performance (H1 FY27)

  • Revenue from operations: ₹495.30
  • Other income: ₹8.45
  • Total income: ₹503.75
  • Total expenses: ₹468.95
  • Profit before tax: ₹34.80
  • Tax expense: ₹(0.03) (Deferred tax: ₹(0.03))
  • Net profit: ₹34.83
  • Basic EPS: ₹0.2918
  • Diluted EPS: ₹0.2916

Comparative Figures (Q2 FY26)

  • Revenue from operations: ₹150.84
  • Other income: ₹4.37
  • Total income: ₹155.21
  • Net profit: ₹9.72
  • Basic EPS: ₹0.0817

Balance Sheet Position - Standalone (as at September 30, 2026)

  • Total assets: ₹3,074.08 Cr (Mar 31, 2026: ₹2,913.09 Cr)
  • Current assets: ₹2,983.47 Cr (including trade receivables of ₹2,316.51 Cr)
  • Non-current assets: ₹90.61 Cr
  • Equity: ₹456.92 Cr
  • Non-current liabilities: ₹2,054.25 Cr (including long-term borrowings of ₹2,004.58 Cr)
  • Current liabilities: ₹562.91 Cr
  • Paid-up equity share capital: ₹238.73 Cr (face value ₹2 each)

Cash Flow Statement - Standalone (H1 FY27)

  • Cash from operating activities: ₹32.83 Cr
  • Cash from investing activities: ₹(8.77) Cr
  • Cash from financing activities: ₹6.79 Cr
  • Net increase in cash: ₹30.85 Cr
  • Cash and cash equivalents at end: ₹128.18 Cr

Consolidated Financial Highlights (₹ in Crores)

Quarterly Performance (Q2 FY27)

  • Revenue from operations: ₹243.84
  • Net profit attributable to owners: ₹15.41
  • Basic EPS: ₹0.1291

Half-Yearly Performance (H1 FY27)

  • Revenue from operations: ₹495.30
  • Net profit attributable to owners: ₹34.87
  • Basic EPS: ₹0.2921

Auditor's Review and Qualifications

Statutory auditors SARC & Associates issued limited review reports with unmodified opinion but noted several qualifications:

  • Reliance on management representations for existence and valuation of assets and liabilities
  • Reconciliation process with trade receivables not yet completed (₹15.75 Cr provision for expected credit loss)
  • Inclusion of unaudited management accounts of 5 branches and audited accounts of 2 branches (Tunisia and Uganda)
  • Seven branches (project sites) reported total income of ₹9.79 Cr and total assets of ₹229.37 Cr
  • Several subsidiaries have fully eroded net worth due to accumulated losses
  • Unaudited financial statements of some subsidiaries not available at reporting date

Board Approval and Compliance

The Board of Directors approved the results at their meeting held on November 3, 2026. The results were reviewed by the Audit Committee and subjected to limited review by statutory auditors as required by Regulation 33 of SEBI LODR.

Business Context

The company is engaged in execution of projects related to power transmission with no separate reportable operating segments as defined by Ind AS 108.