Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and six months ended September 30, 2026 (Q2 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 and 33 of SEBI LODR

Audit Opinion:

Unmodified opinion (clean) by statutory auditors in their Limited Review Report

Key Financial Highlights [Amounts in ₹ million]:

Standalone Results:

Quarter Ended September 30, 2026 (Unaudited):

  • Revenue from Operations: ₹13,196.54 (vs. ₹7,121.48 in Q2 FY26 - 85.3% YoY increase)
  • Total Income: ₹13,251.99 (vs. ₹7,157.09 in Q2 FY26)
  • Net Profit: ₹479.53 (vs. ₹295.91 in Q2 FY26 - 62.1% YoY increase)
  • EPS (Basic): ₹7.08 (vs. ₹5.21 in Q2 FY26)
  • EPS (Diluted): ₹7.07 (vs. ₹5.20 in Q2 FY26)

Quarter Ended June 30, 2026 (Unaudited):

  • Revenue from Operations: ₹11,642.35
  • Net Profit: ₹422.20
  • EPS (Basic): ₹6.23
  • EPS (Diluted): ₹6.22

Half Year Ended September 30, 2026 (Unaudited):

  • Revenue from Operations: ₹24,838.89 (vs. ₹12,708.60 in H1 FY26 - 95.4% increase)
  • Total Income: ₹24,976.21
  • Net Profit: ₹901.73 (vs. ₹522.71 in H1 FY26 - 72.5% increase)
  • EPS (Basic): ₹13.31 (vs. ₹9.20 in H1 FY26)
  • EPS (Diluted): ₹13.29 (vs. ₹9.20 in H1 FY26)

Year Ended March 31, 2026 (Audited):

  • Revenue from Operations: ₹31,069.71
  • Net Profit: ₹1,101.26
  • EPS (Basic): ₹18.38
  • EPS (Diluted): ₹18.37

Other Equity:

  • As at September 30, 2026: ₹8,649.78 million (Unaudited)
  • As at March 31, 2026: ₹7,742.23 million (Audited)

Cash and Cash Equivalents:

  • As at September 30, 2026: ₹415.63 million (Unaudited)
  • As at March 31, 2026: ₹721.16 million (Audited)

Debt:

Non-current borrowings:

  • As at September 30, 2026: ₹228.43 million
  • As at March 31, 2026: ₹259.86 million

Current borrowings:

  • As at September 30, 2026: ₹3,184.15 million
  • As at March 31, 2026: ₹2,902.25 million

Total borrowings:

  • As at September 30, 2026: ₹3,412.58 million
  • As at March 31, 2026: ₹3,162.11 million

Segment-wise Performance:

The Company operates in a single business segment of winding wires primarily made of Copper and Aluminum, with no reportable segments as defined under Ind AS 108.

Corporate Actions:

No dividend declarations, share splits, bonus issues, buybacks, or capital structure changes announced in this meeting.

Other Significant Information:

Capital Expenditure:

  • Approved capex of up to ₹1,850 million for Phase-3 expansion of Specialized Magnet Winding Wires at Supa Facility
  • Existing capacity: 57,845 MT per annum at 75% utilization
  • Post-expansion capacity: 72,200 MT per annum
  • Completion target: By Q1 FY2028-29
  • Mode of financing: Internal accruals / debt / combination thereof
  • Rationale: Cater to anticipated business growth, improve operational efficiency, and meet increasing customer demand

Operational Updates:

  • Effective August 04, 2026: Commenced production of copper rods for captive consumption and warehousing at new Upcast Facility, Gat No. 11/8 and 11/9, Village Biradwadi, Chakan
  • Received Consent to Operate (CTO) from Maharashtra Pollution Control Board on September 09, 2026 for Supa Facility
  • Approved capacity at Supa Facility: 28,800 MTPA for Specialized and Standard Magnet Winding Wires

Exceptional Items:

  • During FY26: Recorded ₹16.38 million exceptional item for implementation of New Labour Codes
  • Company continues to monitor finalization of State Rules

Insurance Claim:

  • Q2 FY26: Goods worth ₹10.75 million (excluding GST) misappropriated during transit
  • FIR lodged and insurance claim filed
  • Partial material recovered and released to Company for interim custody per court order dated October 12, 2026
  • Insurance claim under assessment as of approval date
  • Incident not considered material per Company's Materiality Policy

Cash Flow Statement Highlights (Half Year Ended September 30, 2026):

  • Cash generated from operations: ₹771.83 million (vs. negative ₹342.91 million in H1 FY26)
  • Net cash flow from operating activities: ₹425.71 million (vs. negative ₹456.85 million in H1 FY26)
  • Net cash used in investing activities: ₹576.55 million
  • Net cash used in financing activities: ₹154.69 million
  • Net decrease in cash and cash equivalents: ₹305.53 million