Board Meeting Details

The Board of Directors meeting was held on Monday, July 27, 2026, commencing at 12:35 PM and concluding at 15:45 PM. The meeting was based on the recommendation of the Audit Committee.

Financial Results Overview

Standalone Financial Results (₹ in Lacs)

Income Statement:

  • Revenue from Operations: ₹20,244.51 (Net Sales net of GST) + ₹70.67 (Other Operating Income) = ₹20,315.18
  • Other Income: ₹433.76
  • Total Income: ₹20,748.94

Expenses Breakdown:

  • Cost of materials consumed: ₹9,299.91
  • Purchase of stock-in-trade: ₹5,159.92
  • Change in inventory: (₹1,487.46) [negative indicates decrease]
  • Employee benefit expenses: ₹2,097.96
  • Finance costs: ₹274.21
  • Depreciation and amortization: ₹298.86
  • Other Expenditure: ₹3,434.82
  • Impairment Loss: ₹24.94
  • Total Expenses: ₹19,103.16

Profitability:

  • Profit before tax: ₹1,645.78
  • Tax Expenses: Current Tax ₹456.83 + Deferred Tax (₹24.48) = ₹432.35
  • Net Profit for the period: ₹1,213.95

Earnings Per Share (Face Value ₹10 each):

  • Basic EPS (continuing and discontinuing): ₹4.96
  • Diluted EPS (continuing and discontinuing): ₹4.94

Segment Performance (Standalone):

  • Manufacturing Division Revenue: ₹15,421.46
  • Trading Division Revenue: ₹5,471.08
  • Total Segment Revenue: ₹20,892.54
  • Manufacturing Division Profit Before Tax: ₹1,322.11
  • Trading Division Profit Before Tax: ₹278.01

Consolidated Financial Results (₹ in Lacs)

Income Statement:

  • Revenue from Operations: ₹20,361.15 (Net Sales net of GST) + ₹70.67 (Other Operating Income) = ₹20,431.82
  • Other Income: ₹460.72
  • Total Income: ₹20,892.54

Expenses Breakdown:

  • Cost of materials consumed: ₹9,301.54
  • Purchase of stock-in-trade: ₹5,159.92
  • Change in inventory: (₹1,516.85) [negative indicates decrease]
  • Employee benefit expenses: ₹2,114.73
  • Finance costs: ₹274.43
  • Depreciation and amortization: ₹298.89
  • Other Expenditure: ₹3,634.41
  • Impairment Loss: ₹24.94
  • Total Expenses: ₹19,292.01

Profitability:

  • Profit before tax: ₹1,600.12
  • Tax Expenses: Current Tax ₹456.83 + Deferred Tax (₹24.48) = ₹432.35
  • Net Profit for the period: ₹1,168.29
  • Attributable to owners of parent: ₹1,173.78
  • Attributable to non-controlling interests: (₹5.49)

Earnings Per Share (Face Value ₹10 each):

  • Basic EPS (continuing and discontinuing): ₹4.68
  • Diluted EPS (continuing and discontinuing): ₹4.67

Segment Performance (Consolidated):

  • Manufacturing Division Revenue: ₹15,421.46
  • Trading Division Revenue: ₹5,471.08
  • Total Segment Revenue: ₹20,892.54
  • Manufacturing Division Profit Before Tax: ₹1,322.11
  • Trading Division Profit Before Tax: ₹278.01

Comparative Performance

Standalone Q1 FY27 vs Q1 FY26:

  • Revenue increased 16% from ₹17,879.59 lacs to ₹20,244.51 lacs
  • Net Profit increased 112% from ₹572.60 lacs to ₹1,213.95 lacs
  • Basic EPS increased from ₹2.49 to ₹4.96

Consolidated Q1 FY27 vs Q1 FY26:

  • Revenue increased 14% from ₹17,879.59 lacs to ₹20,361.15 lacs
  • Net Profit increased 93% from ₹604.66 lacs to ₹1,168.29 lacs
  • Basic EPS increased from ₹2.63 to ₹4.68

Subsidiaries and Associates

The consolidated results include the following entities:

  • Bright Choice Ventures Private Limited, India (Wholly Owned Subsidiary)
  • Kanplas Earning Solutions Private Limited, India (Wholly Owned Subsidiary)
  • Valex Ventures Limited, UK (Partly Owned Subsidiary)
  • Essekan Private Limited, India (Associate Company)

Auditor Review

The financial results were subject to limited review by Rajiv Mehrotra & Associates, Chartered Accountants (Firm Registration No. 002253C). The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI. The auditors expressed that nothing came to their attention causing them to believe the statements contain material misstatements.

Capital Structure

  • Equity Share Capital (Face Value ₹10 each): ₹2,448.60 lacs (Standalone), ₹2,448.59 lacs (Consolidated)
  • Other Equity: ₹24,093.10 lacs (Standalone), ₹24,398.33 lacs (Consolidated)

Notes to Financial Results

1. The results were reviewed by the Audit Committee and approved by the Board of Directors

2. Previous period/year figures have been re-grouped/re-arranged/recasted where necessary

3. EPS calculated based on weighted average number of shares outstanding

4. Manufacturing division includes FIBC (Flexible Intermediate Bulk Containers), FABRIC, MFY (Multi filament Yarn)

5. Trading division includes Granual Trading, Commission from IOCL