Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulations

Date of Board Meeting / Approval: November 06, 2026

Audit Opinion: Unmodified conclusion (Clean)

Auditor’s Comment: The review report states that nothing has come to their attention to believe the statements contain material misstatements. However, it notes reliance on management-prepared unaudited results of five subsidiaries which are not material to the Group.

Key Financial Highlights [Unit: ₹ lakhs]

Consolidated Results:

Quarter ended September 30, 2026 (Q2 FY27):

  • Revenue from Operations: ₹7,080.60 lakhs (vs. ₹5,017.36 lakhs in Q2 FY26 - 41.1% increase YoY)
  • Total Income: ₹8,125.18 lakhs
  • Net Profit: ₹293.52 lakhs (vs. ₹1,189.52 lakhs in Q2 FY26 - 75.3% decrease YoY)
  • EPS (Basic): ₹0.23 (vs. ₹0.97 in Q2 FY26)

Half Year ended September 30, 2026 (H1 FY27):

  • Revenue from Operations: ₹18,621.97 lakhs (vs. ₹9,864.80 lakhs in H1 FY26 - 88.8% increase YoY)
  • Total Income: ₹19,987.06 lakhs
  • Net Profit: ₹9,468.72 lakhs (vs. ₹2,711.61 lakhs in H1 FY26 - 249.1% increase YoY)
  • EPS (Basic): ₹7.47 (vs. ₹2.19 in H1 FY26)

Standalone Results:

Quarter ended September 30, 2026 (Q2 FY27):

  • Revenue from Operations: ₹6,456.60 lakhs
  • Total Income: ₹7,427.54 lakhs
  • Net Profit: ₹1,703.19 lakhs
  • EPS (Basic): ₹1.34

Half Year ended September 30, 2026 (H1 FY27):

  • Revenue from Operations: ₹17,997.97 lakhs
  • Total Income: ₹19,285.45 lakhs
  • Net Profit: ₹7,785.54 lakhs
  • EPS (Basic): ₹6.14

Segment-wise Performance:

The company operates in two main segments:

Dredging and Ancillary Services (Q2 FY27):

  • Segment Revenue: ₹3,029.90 lakhs
  • Segment Results (EBIT): ₹1,525.64 lakhs

Ship Building and Repairing (Q2 FY27):

  • Segment Revenue: ₹4,050.70 lakhs
  • Segment Results (EBIT): ₹1,772.09 lakhs

Geographical Segments:

  • Bahrain segment showed a loss of ₹82.77 lakhs in Q2 FY27

Corporate Actions:

  • The company sub-divided its existing equity shares pursuant to shareholder approval at the AGM held on September 30, 2026 (face value changed, details not fully specified)
  • The company raised ₹149.99 Crores through a Preferential Issue of Equity Shares at an issue price of ₹1,962.53 per share (face value ₹5 + premium ₹1,957.53). The entire amount was received on August 4, 2026.

Other Significant Information:

  • Significant increase in Capital Work-in-Progress: Consolidated ₹34,442.45 lakhs (vs. ₹9,915.96 lakhs as of March 31, 2026)
  • Cash and cash equivalents: Consolidated ₹11,861.91 lakhs (vs. ₹7,361.91 lakhs as of March 31, 2026)
  • Total borrowings: Consolidated ₹27,179.64 lakhs (Non-current ₹19,438.55 lakhs + Current ₹7,741.09 lakhs)