Summary of Key Information:

Reporting Period: Quarter and half year ended June 30, 2026

Nature of Filing / Announcement: Regulatory filing of unaudited financial results under SEBI LODR Regulations

Audit Opinion:

Clean opinion - Limited review report issued by B S R & Co. LLP expressed an unmodified conclusion with no material misstatements identified.

Key Financial Highlights [INR in million]:

Standalone Results:

Quarter Ended June 30, 2026:

  • Revenue from Operations: ₹6,907
  • Other Income: ₹125
  • Total Income: ₹7,032
  • Total Expenses: ₹6,253
  • Profit Before Tax: ₹779
  • Profit for the Period: ₹596
  • EPS: ₹3.43 (basic and diluted)

Half Year Ended June 30, 2026:

  • Revenue from Operations: ₹12,920
  • Other Income: ₹268
  • Total Income: ₹13,188
  • Total Expenses: ₹11,909
  • Profit Before Tax: ₹1,279
  • Profit for the Period: ₹969
  • EPS: ₹5.57 (basic and diluted)

Comparative Performance:

Q2 FY26 Net Profit of ₹596 million increased 56% YoY from ₹727 million in Q2 FY25, but decreased 37% QoQ from ₹953 million in Q1 FY26.

H1 FY26 Net Profit of ₹969 million decreased 20% YoY from ₹1,217 million in H1 FY25.

Consolidated Results:

Quarter Ended June 30, 2026:

  • Revenue from Operations: ₹6,907
  • Other Income: ₹51
  • Total Income: ₹6,958
  • Total Expenses: ₹6,253
  • Profit Before Share of Associate: ₹705
  • Share of Net Profit of Associate: ₹42
  • Profit Before Tax: ₹747
  • Profit for the Period: ₹572
  • EPS: ₹3.29 (basic and diluted)

Half Year Ended June 30, 2026:

  • Revenue from Operations: ₹12,920
  • Other Income: ₹195
  • Total Income: ₹13,115
  • Total Expenses: ₹11,909
  • Profit Before Share of Associate: ₹1,206
  • Share of Net Profit of Associate: ₹74
  • Profit Before Tax: ₹1,280
  • Profit for the Period: ₹970
  • EPS: ₹5.57 (basic and diluted)

Segment-wise Performance:

Pumps Segment:

  • Q2 FY26 Revenue: ₹5,810 million
  • Q2 FY26 Segment Result: ₹650 million
  • H1 FY26 Revenue: ₹10,805 million
  • H1 FY26 Segment Result: ₹1,043 million

Valves Segment:

  • Q2 FY26 Revenue: ₹1,107 million
  • Q2 FY26 Segment Result: ₹45 million
  • H1 FY26 Revenue: ₹2,132 million
  • H1 FY26 Segment Result: ₹129 million

Corporate Actions:

The company declared an interim dividend of ₹2.20 per equity share (110%) for FY26. Record date: August 19, 2026.

Other Significant Information:

The company noted that during FY25, it had recognized an exceptional item of ₹255 million related to the impact of new labour codes (primarily gratuity changes), but no exceptional items were recorded in the current reporting period.

Assets and Liabilities Position (Standalone as of June 30, 2026):

  • Total Assets: ₹27,511 million
  • Current Assets: ₹20,884 million (including Inventories: ₹9,610 million, Trade Receivables: ₹8,005 million, Cash and Cash Equivalents: ₹894 million)
  • Equity: ₹16,315 million
  • Current Liabilities: ₹10,219 million

Cash Flow Statement (Standalone H1 FY26):

  • Net cash from operating activities: ₹153 million
  • Net cash used in investing activities: ₹(161) million
  • Net cash used in financing activities: ₹(778) million
  • Net decrease in cash: ₹(786) million
  • Cash and cash equivalents at period end: ₹894 million