Financial Results for Q1 FY27

The Board approved the unaudited financial results for the quarter ended 30th June 2026:

Standalone Results (₹ in Lakhs):

  • Revenue from Operations: ₹5,889.77 (vs ₹9,467.35 in Q1 FY26, down 37.8%)
  • Other Income: ₹319.57 (vs ₹210.67 in Q1 FY26)
  • Total Income: ₹6,209.34 (vs ₹9,678.02 in Q1 FY26)
  • Profit Before Tax: ₹710.47 (vs ₹2,120.00 in Q1 FY26, down 66.5%)
  • Tax Expense: ₹193.48
  • Net Profit: ₹516.99 (vs ₹1,471.25 in Q1 FY26, down 64.9%)
  • Other Comprehensive Income: ₹281.18
  • Total Comprehensive Income: ₹798.17
  • Basic and Diluted EPS: ₹0.95 (vs ₹3.06 in Q1 FY26)
  • Paid-up Equity Share Capital: ₹5,600.04 Lakhs

Consolidated Results (₹ in Lakhs):

  • Revenue from Operations: ₹11,699.07 (vs ₹12,924.56 in Q1 FY26, down 9.5%)
  • Other Income: ₹353.27
  • Total Income: ₹12,052.34
  • Profit Before Tax: ₹1,754.78 (vs ₹2,964.62 in Q1 FY26, down 40.8%)
  • Tax Expense: ₹445.92
  • Net Profit: ₹1,308.86 (vs ₹2,130.71 in Q1 FY26, down 38.6%)
  • Other Comprehensive Income: ₹278.35
  • Total Comprehensive Income: ₹1,587.21
  • Basic and Diluted EPS: ₹2.39 (vs ₹4.44 in Q1 FY26)
  • Paid-up Equity Share Capital: ₹5,600.04 Lakhs

Capital Structure Changes

During the quarter ended 30th June 2026, the company converted 30,37,500 warrants upon receipt of balance 75% subscription money aggregating to ₹9,682.03 Lakhs. The balance 2,35,000 convertible warrants due for conversion on 15th May 2026 lapsed due to non-receipt of 75% subscription money, resulting in forfeiture of 25% application money amounting to ₹249.69 Lakhs.

Management Appointments

The Board designated Mr. Nitin Varadkar (Purchase Head) and Mr. Dinesh Nikam (Project Head) as Senior Management Personnel effective 14th August 2026.

Mr. Nitin Varadkar Profile:

  • Supply Chain Management professional with 31 years experience
  • Expertise in procurement, subcontracting, expediting and logistics management
  • Achieved cost savings of ₹25 Crores during FY 2025-26
  • Diploma in Mechanical Engineering from Mumbai University

Mr. Dinesh Nikam Profile:

  • Project Management professional with 19 years experience
  • Expertise in project planning, execution, commissioning and contract management
  • B.E. in Mechanical Engineering and PGDBA in Operations

Auditor Reappointments

  • Reappointed M/s. Bhide and Bhide, Chartered Accountants as Internal Auditors for FY 2026-27
  • Reappointed M/s. D. Sabyasachi & Co., Cost Accountants as Cost Auditors for FY 2026-27 (remuneration subject to shareholder approval)

Annual General Meeting

Approved convening of 38th Annual General Meeting on 29th September 2026 through Video Conferencing/Other Audio-Visual Means.

Additional Information

The company operates in a single reportable segment of Engineering Products. Operations and results vary depending on customer delivery schedules.