Key Quantitative Figures

Income Statement (₹ millions):

  • Revenue from operations: ₹5,517 (Q1 FY26: ₹2,960)
  • Other income: ₹9
  • Total income: ₹5,526
  • Cost of materials consumed: ₹3,195
  • Purchase of stock-in-trade: ₹1,783
  • Changes in inventories: ₹135
  • Employee benefits expense: ₹451
  • Finance costs: ₹13
  • Depreciation and amortization: ₹119
  • Other expenses: ₹673
  • Total expenses: ₹4,099
  • Profit before tax: ₹1,427 (Q1 FY26: ₹434)
  • Current tax: ₹369
  • Deferred tax credit: ₹(7)
  • Total tax expense: ₹360
  • Net profit for period: ₹1,067 (Q1 FY26: ₹314)
  • Total comprehensive income: ₹1,058

Earnings Per Share:

  • Basic EPS: ₹48.54 (Q1 FY26: ₹14.30)
  • Diluted EPS: ₹48.54 (Q1 FY26: ₹14.30)

Capital Structure:

  • Paid-up equity share capital: ₹220 million (21,978,240 shares of ₹10 face value each)
  • Other equity: ₹8,317 million

Segment Performance (₹ millions)

Revenue by Segment:

  • Machining solutions: ₹319 (Q1 FY26: ₹321)
  • Hard metal products: ₹5,198 (Q1 FY26: ₹2,639)
  • Total revenue: ₹5,517

Segment Results:

  • Machining solutions: ₹(55) loss (Q1 FY26: ₹15 profit)
  • Hard metal products: ₹1,630 profit (Q1 FY26: ₹498 profit)
  • Total segment result: ₹1,575

Segment Assets (as of September 30, 2026):

  • Machining solutions: ₹947
  • Hard metal products: ₹14,106
  • Unallocable assets: ₹946
  • Total assets: ₹15,999

Dates and Timeline

  • Board meeting date: November 12, 2026
  • Meeting duration: 2:00 PM to 4:47 PM IST
  • Quarter ended: September 30, 2026
  • Limited review report date: November 12, 2026

Parties Involved

  • Statutory Auditors: Price Waterhouse & Co Chartered Accountants LLP
  • Regulatory authorities: BSE Limited, SEBI
  • Management: Vijaykrishnan Venkatesan (Managing Director), Anupriya Garg (Legal Counsel, Company Secretary & Compliance Officer)

Management Commentary

Managing Director Vijaykrishnan Venkatesan stated that the strong performance was "primarily driven by the favorable timing of raw material-related pricing compared to costs and stronger volumes supported by sustained demand across end-use segments." He noted the operating environment continues to be shaped by geopolitical uncertainties and historically high tungsten prices.

Additional Information

  • No qualifications or adverse remarks in the limited review report
  • The company does not have any subsidiary/associate/joint venture entities
  • Shares listed on BSE (Scrip code: 505890)

Notes to Financial Results

  • Financial results prepared in accordance with Indian Accounting Standards
  • Labour Code implementation assessment resulted in nil impact on gratuity liability for the quarter
  • Q1 FY27 results include balancing figures between audited FY26 results and published unaudited YTD figures