Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 30 of SEBI LODR
Audit Opinion:
The unaudited standalone and consolidated financial results were reviewed by the statutory auditor, LKR J and Associates LLP. The review report states that nothing has come to their attention that causes them to believe the statements contain any material misstatement. The opinion is a clean limited review opinion.
Key Financial Highlights [Amount in ₹ Lakhs]
Standalone Results:
Revenue from Operations: ₹11,541.37 for Q1 FY27 (vs ₹3,409.55 in Q1 FY26, +238% YoY; vs ₹6,216.74 in Q4 FY26, +86% QoQ)
Total Income: ₹11,857.91 for Q1 FY27
Net Profit: ₹6,082.34 for Q1 FY27 (vs ₹712.97 in Q1 FY26, +753% YoY; vs ₹3,061.53 in Q4 FY26, +99% QoQ)
EPS: Not explicitly stated for standalone but calculable from data
Other Equity: Not Specified for the quarter
Cash and Cash Equivalents: Not Specified
Debt: Not Specified
Consolidated Results:
Revenue from Operations: ₹11,541.37 for Q1 FY27 (vs ₹4,847.45 in Q1 FY26, +138% YoY; vs ₹6,761.73 in Q4 FY26, +71% QoQ)
Total Income: ₹11,861.87 for Q1 FY27
Net Profit: ₹6,274.68 for Q1 FY27 (vs ₹1,108.47 in Q1 FY26, +466% YoY; vs ₹2,352.95 in Q4 FY26, +167% QoQ)
Attribution: ₹6,172.92 to Parent Company Equity Shareholders; ₹101.76 to Non-Controlling Interest
EPS: Basic and Diluted EPS of ₹25.67 for Q1 FY27 (vs ₹10.43 in Q1 FY26)
Other Equity: Not Specified for the quarter
Cash and Cash Equivalents: Not Specified
Debt: Not Specified
Segment-wise Performance [Amount in ₹ Lakhs]:
Segment Revenue for Q1 FY27:
- Dredging and Ancillary Services: ₹10,441.47
- Ship Building and Repairing: ₹2,122.15
- Bahrain: Not separately stated (likely part of above)
- Geographical - Dredging Services (Myanmar): Not active in Q1 FY27
Total Segment Revenue: ₹12,563.63
Less: Inter Segment Revenue: ₹1,022.26
Revenue from Operations: ₹11,541.37
Segment Results (EBITDA) for Q1 FY27:
- Dredging and Ancillary Services: ₹7,477.65
- Ship Building and Repairing: ₹342.83
- Bahrain: (₹15.60) loss
- Other unallocable Income/Expenses: (₹463.48)
Total Segment Profit before Interest, Tax, Depreciation and Amortization: ₹7,341.40
Corporate Actions:
Dividend declarations: Not Specified
Share Split: The Board approved a sub-division of existing 1 (One) equity share of the Company having a face value of ₹5/- each into 5 (Five) equity shares having a face value of ₹1/- each. This is subject to approval of the shareholders and regulatory/statutory approvals. The record date will be decided later.
Rationale: To enhance liquidity in the capital market, widen shareholder base, and make shares more affordable to small investors.
Pre and Post Split Capital:
- Authorized Share Capital: Pre-split: 3,00,00,000 shares of ₹5 each (₹15,00,00,000); Post-split: 15,00,00,000 shares of ₹1 each (₹15,00,00,000)
- Issued, Subscribed and Paid-up Capital: Pre-split: 2,53,64,317 shares of ₹5 each (₹12,68,21,585); Post-split: 12,68,21,585 shares of ₹1 each (₹12,68,21,585)
Expected time of completion: Within 3 months from the date of shareholder's approval.
Other Significant Information:
Fundraising: The company raised funds through two preferential issues:
1. On August 4, 2026, the company completed a preferential issue raising ₹214.99 Crores by issuing equity shares of ₹5 each at an issue price of ₹1,962.53 per share (face value ₹5 + premium ₹1,957.53).
2. On June 26, 2026, the company completed another preferential issue/tranche, allotting 1,55,892 Equity Shares. This was part of a larger fundraise of ₹284.81 Crores approved in September 2025, which included equity shares and warrants.
Operations: The company operates in India, Myanmar, and Bahrain through two segments: Dredging and Chartering of Marine Crafts, and Ship Building.