Key Correction

Due to a typographical error, the Paid-up Equity Share Capital in the Audited Consolidated Financial Results for Q4 FY26 was incorrectly reported as ₹5,188.79 Lakhs instead of the correct figure of ₹5,296.29 Lakhs. The revised results reflect this correction with no other changes to the financial results or limited review reports.

Standalone Financial Performance (₹ in Lakhs)

Quarterly Performance (Q4 FY26 vs Q4 FY25 vs Q3 FY25)

  • Revenue from Operations: ₹13,356.85 (Q4 FY26) vs ₹10,234.40 (Q4 FY25) vs ₹10,522.21 (Q3 FY25)
  • Other Income: ₹656.63 (Q4 FY26) vs ₹81.92 (Q4 FY25) vs ₹194.88 (Q3 FY25)
  • Total Income: ₹14,013.48 (Q4 FY26) vs ₹10,316.32 (Q4 FY25) vs ₹10,717.09 (Q3 FY25)
  • Total Expenses: ₹11,158.43 (Q4 FY26) vs ₹7,836.72 (Q4 FY25) vs ₹8,578.78 (Q3 FY25)
  • Profit Before Tax: ₹2,855.05 (Q4 FY26) vs ₹2,479.60 (Q4 FY25) vs ₹2,138.31 (Q3 FY25)
  • Tax Expense: ₹710.29 (Q4 FY26) vs ₹854.32 (Q4 FY25) vs ₹648.46 (Q3 FY25)
  • Net Profit: ₹2,144.76 (Q4 FY26) vs ₹1,625.28 (Q4 FY25) vs ₹1,489.85 (Q3 FY25)
  • Other Comprehensive Income: (₹238.25) (Q4 FY26) vs (₹278.56) (Q4 FY25) vs (₹161.34) (Q3 FY25)
  • Total Comprehensive Income: ₹1,906.51 (Q4 FY26) vs ₹1,346.72 (Q4 FY25) vs ₹1,328.51 (Q3 FY25)
  • Basic and Diluted EPS: ₹4.24 (Q4 FY26) vs ₹3.63 (Q4 FY25) vs ₹2.98 (Q3 FY25)

Annual Performance (FY26 vs FY25)

  • Revenue from Operations: ₹44,825.80 (FY26) vs ₹33,550.10 (FY25)
  • Other Income: ₹1,269.13 (FY26) vs ₹249.92 (FY25)
  • Total Income: ₹46,094.93 (FY26) vs ₹33,800.02 (FY25)
  • Total Expenses: ₹36,393.22 (FY26) vs ₹26,449.12 (FY25)
  • Profit Before Tax: ₹9,701.71 (FY26) vs ₹7,350.90 (FY25)
  • Tax Expense: ₹2,794.70 (FY26) vs ₹1,869.26 (FY25)
  • Net Profit: ₹6,907.01 (FY26) vs ₹5,481.64 (FY25)
  • Other Comprehensive Income: (₹204.61) (FY26) vs (₹120.97) (FY25)
  • Total Comprehensive Income: ₹6,702.40 (FY26) vs ₹5,360.67 (FY25)
  • Paid-up Equity Share Capital: ₹5,296.29 (FY26) vs ₹4,748.79 (FY25)
  • Reserves: ₹55,555.51 (FY26) vs ₹40,650.67 (FY25)
  • Basic and Diluted EPS: ₹13.66 (FY26) vs ₹12.24 (FY25)

Consolidated Financial Performance (₹ in Lakhs)

Quarterly Performance (Q4 FY26 vs Q4 FY25 vs Q3 FY25)

  • Revenue from Operations: ₹18,917.78 (Q4 FY26) vs ₹12,694.11 (Q4 FY25) vs ₹15,677.89 (Q3 FY25)
  • Other Income: ₹741.90 (Q4 FY26) vs ₹86.03 (Q4 FY25) vs ₹214.84 (Q3 FY25)
  • Total Income: ₹19,659.68 (Q4 FY26) vs ₹12,780.14 (Q4 FY25) vs ₹15,892.73 (Q3 FY25)
  • Total Expenses: ₹15,953.66 (Q4 FY26) vs ₹9,838.71 (Q4 FY25) vs ₹12,692.82 (Q3 FY25)
  • Profit Before Tax: ₹3,706.02 (Q4 FY26) vs ₹2,941.43 (Q4 FY25) vs ₹3,199.91 (Q3 FY25)
  • Tax Expense: ₹1,220.49 (Q4 FY26) vs ₹900.28 (Q4 FY25) vs ₹884.23 (Q3 FY25)
  • Net Profit: ₹2,485.53 (Q4 FY26) vs ₹2,041.15 (Q4 FY25) vs ₹2,315.68 (Q3 FY25)
  • Other Comprehensive Income: (₹204.33) (Q4 FY26) vs (₹286.99) (Q4 FY25) vs (₹167.95) (Q3 FY25)
  • Total Comprehensive Income: ₹2,281.19 (Q4 FY26) vs ₹1,754.16 (Q4 FY25) vs ₹2,147.73 (Q3 FY25)
  • Basic and Diluted EPS: ₹4.91 (Q4 FY26) vs ₹4.56 (Q4 FY25) vs ₹4.63 (Q3 FY25)

Annual Performance (FY26 vs FY25)

  • Revenue from Operations: ₹62,879.92 (FY26) vs ₹42,446.07 (FY25)
  • Other Income: ₹1,571.02 (FY26) vs ₹315.84 (FY25)
  • Total Income: ₹64,450.94 (FY26) vs ₹42,761.91 (FY25)
  • Total Expenses: ₹50,837.98 (FY26) vs ₹34,495.44 (FY25)
  • Profit Before Tax: ₹13,612.96 (FY26) vs ₹8,266.47 (FY25)
  • Tax Expense: ₹3,992.75 (FY26) vs ₹2,027.48 (FY25)
  • Net Profit: ₹9,620.21 (FY26) vs ₹6,238.99 (FY25)
  • Other Comprehensive Income: (₹191.39) (FY26) vs (₹135.90) (FY25)
  • Total Comprehensive Income: ₹9,428.81 (FY26) vs ₹6,103.09 (FY25)
  • Paid-up Equity Share Capital: ₹5,296.29 (FY26) vs ₹4,748.79 (FY25)
  • Reserves: ₹60,114.91 (FY26) vs ₹42,502.55 (FY25)
  • Basic and Diluted EPS: ₹19.02 (FY26) vs ₹13.94 (FY25)

Capital Structure Changes

  • During FY23-24, the company issued 39,50,000 Convertible Warrants (face value ₹10 each at premium of ₹156) with 25% application money. During FY26, upon receipt of balance 75% (₹4,917.75 Lakhs), warrants were converted into equity shares.
  • During FY24-25, the company issued 47,97,500 Convertible Warrants (face value ₹10 each at premium of ₹415) with 25% application money. During FY26, 15,25,000 warrants were converted upon receipt of balance 75% (₹4,860.94 Lakhs).
  • Subsequent to March 31, 2026, 30,37,500 warrants were converted upon receipt of balance 75% (₹9,682.03 Lakhs).
  • 2,35,000 Convertible Warrants due for conversion on 15th May 2026 lapsed due to non-receipt of 75% subscription money. These warrants were cancelled and extinguished from 16th May 2026, with 25% application money (₹249.69 Lakhs) forfeited.

Labour Code Impact

The Government of India consolidated 29 labour legislations into four labour codes on 21st November 2025. The company made an incremental provision of:

  • ₹88.67 Lakhs in standalone financial results
  • ₹146.19 Lakhs in consolidated financial results

based on estimates and actuarial valuation. The company continues to monitor finalization of Central and State rules.

Dividend Recommendation

The Board of Directors recommended a dividend of ₹3 per fully paid-up equity share for FY25-26, subject to approval by members in the ensuing Annual General Meeting.

Subsidiary Information

The consolidated results include:

  • M. E Energy Private Limited (wholly owned subsidiary)
  • Monga Strayfield Private Limited (wholly owned subsidiary, acquired 100% on 27th January 2025)
  • Strayfield Limited (step-down subsidiary in UK)
  • Kilburn East End Private Limited (wholly owned subsidiary, incorporated on 28th January 2026)

Additional Information

  • Segment disclosure not applicable as manufacturing of engineering products is the only business segment
  • Operations and results vary period to period depending on customer delivery schedules
  • Q4 FY26 figures are balancing figures between audited full year and published unaudited nine months figures
  • Previous period figures regrouped/rearranged for comparability