Board Meeting Details

  • Meeting Date: October 06, 2026
  • Meeting Time: Commenced at 3:30 PM IST, concluded at 5:40 PM IST
  • Documents Approved: Unaudited Standalone and Consolidated Financial Results for quarter ended June 30, 2026 with Limited Review Reports by statutory auditors M/s Chokshi & Chokshi LLP
  • Other Approval: Shifting of registered office from 705, Morya Landmark II, New Link Road, Andheri (West), Mumbai, Maharashtra - 400053 to 902, 9th Floor, Ascent, Sudam Kalu Ahire Marg, Worli, Mumbai - 400030

Consolidated Financial Results (Q1 FY27)

Performance Metrics (₹ in lakhs)

  • Total Income: ₹77,326.11
  • Total Expenses: ₹1,46,801.40
  • Cost of materials consumed: ₹6,697.58
  • Employee benefits expenses: ₹6,918.40
  • Finance costs: ₹4,125.18
  • Depreciation and amortization: ₹1,958.34
  • Other expenses: ₹49,775.79
  • Profit before tax: ₹11,675.46
  • Tax Expenses: ₹2,876.88
  • Current Tax: ₹2,815.73
  • Deferred Tax: ₹61.15
  • Profit after tax: ₹8,737.43
  • Other Comprehensive Income: ₹13.39
  • Total Comprehensive Income: ₹8,750.82
  • Earnings per share: Not specified in numerical values

Subsidiary and Associate Information

The consolidated results include:

  • Subsidiaries: Karamtara Italy SRL, Karamtara USA Inc, Karamtara Renewables Saudi Limited, Karamtara Green Energy Limited (w.e.f May 15, 2025), Hanwant Manbir Singh Foundation (w.e.f March 28, 2026), Iselfa Morsetteria SRL
  • Associate: Clean Max AME Private Limited

Auditor Qualifications

  • Statutory auditor issued unmodified conclusion on limited review
  • Financial results of four subsidiaries (representing total revenues of ₹36,293.34 lakhs and net profit of ₹1,419.14 lakhs) were reviewed by other auditors
  • Associate company results (share of net profit ₹5.94 lakhs) were unaudited but considered immaterial

Standalone Financial Results (Q1 FY27)

Performance Metrics (₹ in lakhs)

  • Total Income: ₹154,166.20
  • Total Expenses: ₹143,375.42
  • Finance costs: ₹1,894.98
  • Depreciation and amortization: Not separately quantified
  • Other expenses: ₹49,369.54
  • Profit before tax: ₹10,790.78
  • Tax Expenses: ₹2,250.83
  • Current Tax: ₹2,110.00
  • Deferred Tax: ₹140.83
  • Profit after tax: ₹8,539.95
  • Other Comprehensive Income: ₹13.39
  • Total Comprehensive Income: ₹8,553.34
  • Earnings per share: Basic ₹2.92, Diluted ₹2.92
  • Paid-up equity share capital: ₹29,229.52 lakhs (face value ₹10 each)
  • Other Equity: ₹87,093.17 lakhs

Key Notes to Financial Results

Comparative Figures

  • Figures for quarter ended March 31, 2026 are balancing figures between audited FY2025-26 and audited nine months ended December 31, 2025 (prepared for IPO purpose)
  • Figures for quarter ended June 30, 2025 were audited as part of special purpose financial statements for IPO

Labour Code Implementation

Effective November 21, 2025, Government of India introduced four Labour Codes. Company implemented restructuring of employee compensation framework with effect from April 1, 2026. Company will monitor further developments including finalization of central and state rules.

Foreign Exchange Impact

  • Consolidated: Foreign exchange gain of ₹1,232.95 lakhs for Q1 FY27 (Q1 FY26: ₹1,462.33 lakhs gain)
  • Standalone: Foreign exchange gain of ₹1,233.23 lakhs for Q1 FY27 (Q1 FY26: ₹1,462.33 lakhs gain)

Dividend Information

Board proposed final dividend of ₹0.50 per equity share for FY2025-26 on May 22, 2026, approved by shareholders at AGM on July 06, 2026, and paid on July 18, 2026.

Post-Quarter Events

Private Placement (July 6, 2026)

  • Allotted 24,19,355 Compulsorily Convertible Preference Shares (CCPS) of face value ₹10 each at issue price of ₹310 per share
  • Aggregate amount: ₹7,500 lakhs
  • Allottee: Amara Partners Growth Fund

CCPS Conversion (August 21, 2026)

  • Converted 24,19,355 CCPS into 29,52,756 equity shares of face value ₹10 each
  • Conversion ratio: 1:1.220472399
  • No additional consideration received upon conversion

IPO Completion (September 17, 2026)

  • Completed Initial Public Offering comprising fresh issue of 2,65,74,803 equity shares and offer for sale of 78,74,014 equity shares
  • Issue price: ₹254 per equity share (face value ₹10 each)
  • Listed on NSE and BSE on September 17, 2026
  • Post-issue paid-up equity share capital increased from ₹29,524.80 lakhs to ₹32,182.28 lakhs (32,18,22,799 fully paid-up equity shares)
  • Utilization of fresh issue proceeds to be disclosed in Q2 FY27 results

Segment Information

Company identified "manufacturing structures for renewable energy projects including solar & wind and transmission towers for power evacuation" as its only primary reportable segment.

Geographical Revenue Breakdown (Consolidated)

  • India: ₹53,095.07 lakhs
  • United States of America: ₹97,667.74 lakhs
  • Rest of world: ₹7,330.14 lakhs