Key Decisions and Approvals

1. Audited Financial Results Approval: The Board of Directors, based on the recommendation of the Audit Committee, approved the Audited Financial Results (AFR) for the fourth quarter and year ended June 30, 2026. The statutory auditors, Price Waterhouse & Co Chartered Accountants LLP, issued an unmodified opinion with no qualifications or adverse remarks.

2. Cost Auditor Re-appointment: The Board re-appointed M/s. K.S. Kamalakara & Co., Cost Accountants, Bengaluru (Firm Registration No. 0000296) as Cost Auditors for FY 2026-27. The firm has over 15 years of expertise in cost accounting systems, cost analysis, and advisory services for cost management.

3. Senior Management Appointment: Mr. Vigneshkumar V, Deputy General Manager - Environment, Health and Safety, was appointed as Senior Management Personnel effective August 13, 2026. He holds a postgraduate degree in Environmental Science with 22 years of experience in EHS leadership, previously working with AstraZeneca Pharma India Limited.

4. AGM Notice Approval: The notice calling the 61st Annual General Meeting to be held on Friday, November 13, 2026, was approved.

Financial Performance Highlights

Quarterly Performance (Q4 FY26 vs Q4 FY25)
  • Revenue from Operations: ₹4,776 million (up 47.68% from ₹3,234 million)
  • Total Income: ₹4,791 million (up 47.24% from ₹3,271 million)
  • Profit Before Tax: ₹1,184 million (up 186.68% from ₹413 million)
  • Net Profit: ₹888 million (up 183.71% from ₹313 million)
  • Basic EPS: ₹40.39 (up 183.71% from ₹14.22)
Annual Performance (FY26 vs FY25)
  • Revenue from Operations: ₹15,107 million (up 29.09% from ₹11,703 million)
  • Total Income: ₹15,215 million (up 28.41% from ₹11,847 million)
  • Profit Before Tax: ₹2,663 million (up 89.94% from ₹1,402 million)
  • Net Profit: ₹1,960 million (up 90.48% from ₹1,029 million)
  • Basic EPS: ₹89.18 (up 90.48% from ₹46.82)

Segment-wise Performance (Q4 FY26)

  • Machining Solutions: Revenue ₹302 million, Segment Result (₹92) million loss
  • Hard Metal and Hard Metal Products: Revenue ₹4,474 million, Segment Result ₹1,385 million profit

Balance Sheet Position (as of June 30, 2026)

  • Total Assets: ₹12,649 million (vs ₹9,667 million previous year)
  • Equity Share Capital: ₹220 million (unchanged)
  • Other Equity: ₹8,317 million (vs ₹7,253 million previous year)
  • Inventories: ₹6,088 million (vs ₹2,949 million previous year)
  • Trade Receivables: ₹2,694 million (vs ₹1,905 million previous year)
  • Cash and Cash Equivalents: ₹460 million (vs ₹1,645 million previous year)

Cash Flow Statement (FY26)

  • Net Cash from Operating Activities: ₹183 million
  • Net Cash Used in Investing Activities: (₹480) million
  • Net Cash Used in Financing Activities: (₹888) million
  • Interim Dividend Paid: ₹879 million

Additional Information

  • The financial results include the impact of the Labour Code implementation, resulting in an increase in gratuity liability by ₹52 million during FY26.
  • The company has no subsidiaries, associates, or joint ventures.
  • The meeting commenced at 2:00 PM IST and concluded at 4:00 PM IST on August 13, 2026.