Financial Results - Standalone (Quarter Ended September 30, 2026)
Income Statement:
- Revenue from Operations: ₹4,580 lakh (Net Sales: ₹4,572 lakh + Other Operating Income: ₹8 lakh)
- Other Income: ₹167 lakh
- Total Income: ₹4,747 lakh
- Expenses: ₹4,703 lakh (Cost of materials: ₹3,002 lakh, Employee benefits: ₹608 lakh, Finance costs: ₹175 lakh, Depreciation: ₹121 lakh, Other expenses: ₹1,272 lakh)
- Profit Before Tax: ₹44 lakh
- Tax Expenses: Nil (No provision made due to carried forward business losses and unabsorbed depreciation)
- Profit After Tax: ₹44 lakh
- Earnings Per Share (Basic): ₹0.14
- Earnings Per Share (Diluted): ₹0.14
Half Year Performance (Standalone):
- Revenue from Operations: ₹8,156 lakh
- Total Income: ₹8,512 lakh
- Loss Before Tax: ₹(242) lakh
- Loss After Tax: ₹(242) lakh
- EPS (Basic): ₹(0.77)
- EPS (Diluted): ₹(0.77)
Financial Results - Consolidated (Quarter Ended September 30, 2026)
Income Statement:
- Revenue from Operations: ₹7,831 lakh (Net Sales: ₹7,754 lakh + Other Operating Income: ₹76 lakh)
- Other Income: ₹62 lakh
- Total Income: ₹7,893 lakh
- Expenses: ₹9,014 lakh (Cost of materials: ₹6,240 lakh, Employee benefits: ₹1,101 lakh, Finance costs: ₹175 lakh, Depreciation: ₹443 lakh, Other expenses: ₹1,901 lakh)
- Loss Before Tax: ₹(1,121) lakh
- Tax Expenses: Nil
- Loss After Tax: ₹(1,121) lakh
- Loss attributable to Owners: ₹(1,028) lakh
- EPS (Basic): ₹(3.57)
Half Year Performance (Consolidated):
- Revenue from Operations: ₹12,890 lakh
- Total Income: ₹13,154 lakh
- Loss Before Tax: ₹(2,416) lakh
- Loss After Tax: ₹(2,416) lakh
- Loss attributable to Owners: ₹(2,178) lakh
- EPS (Basic): ₹(7.70)
Balance Sheet Position (Standalone as at September 30, 2026)
- Total Assets: ₹33,600 lakh
- Property, Plant & Equipment: ₹6,260 lakh
- Investments: ₹9,425 lakh
- Inventories: ₹6,555 lakh
- Trade Receivables: ₹4,253 lakh
- Cash and Cash Equivalents: ₹5,833 lakh
- Share Capital: ₹3,136 lakh
- Other Equity: ₹17,416 lakh
- Borrowings (Non-current): ₹5,172 lakh
- Borrowings (Current): ₹2,485 lakh
- Trade Payables: ₹4,389 lakh
Cash Flow Statement (Standalone Half Year Ended September 30, 2026)
- Net Cash from Operating Activities: Not quantified in disclosure
- Cash Flow from Investing Activities: Purchase of PPE: ₹(529) lakh, Sale of PPE: ₹76 lakh, Purchase of Investments: ₹(2,000) lakh
- Cash Flow from Financing Activities: Proceeds from Long-term Borrowings: ₹447 lakh, Short-term Borrowings: ₹161 lakh, Issue of Equity Shares/Warrants: ₹5,708 lakh, Interest paid: ₹336 lakh
- Net Change in Cash: ₹3,114 lakh
- Closing Cash Balance: ₹5,833 lakh
Corporate Actions and Investments
Warrant Conversion:
- On September 24, 2026, the company converted the final tranche of 44,51,000 outstanding warrants into equivalent number of fully paid equity shares
- Remaining 6,36,134 warrants lapsed as warrant holders did not exercise conversion option within stipulated period
- Paid-up equity share capital increased from ₹26.91 crore to ₹31.36 crore
Subsidiary Investment:
- During the quarter and half year ended September 30, 2026, the company invested ₹20,00,00,000 (₹20 crore) towards equity share capital of its subsidiary Kinetic Watts and Volts Ltd
Auditor Review and Compliance
- The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors on November 13, 2026
- Statutory Auditors (Pawan Jain and Associates) carried out a limited review of the results
- The company operates in a single segment
- No provision for current tax made due to carried forward business losses and unabsorbed depreciation
- Deferred tax asset recognized only to the extent of deferred tax liability
Board Meeting Details
- Meeting held on November 13, 2026
- Commenced at 11:45 Hrs (IST) and concluded at 13:35 Hrs (IST)
- Matters approved: Unaurited financial results, ₹42 crore investment in subsidiary, revised plan for utilization of warrant issue funds