Board Meeting Details

The Board of Directors meeting was held on Monday, August 10, 2026, commencing at 15:30 Hours and concluding at 17:00 Hours IST.

Key Approvals and Decisions

  • Approved the Un-Audited Financial Results along with Limited Review report of the Statutory Auditors for the quarter ended June 30, 2026
  • Approved the Notice with explanatory Statement of the Annual General Meeting and Director's Report and its annexures on the Audited Financial Statements for the year ended March 31, 2026
  • Finalized the date and time of the 31st Annual General Meeting to be held on Tuesday, September 29, 2026 at 3.00 P.M. through Video Conferencing/Other Audio Visual Means
  • Closed the Register of Members and Share Transfer Books from Wednesday, September 23, 2026 to Tuesday, September 29, 2026 (both days inclusive) for the purpose of Annual General Meeting and Dividend
  • Fixed the record date (Cut-off date) as Tuesday, September 22, 2026 for the payment of final dividend and facilitating remote E-voting

Trading Window Update

In terms of the Prevention of Insider Trading Code, the Trading Window for trading in Equity Shares by all Designated Persons and their immediate relatives will be opened from Monday, August 16, 2026 onwards.

Standalone Financial Results (Quarter ended June 30, 2026)

Income Statement (₹ in Lakhs)

  • Net Sales/Income from Operations: ₹8,441.61
  • Other Operational Income: ₹398.80
  • Total Revenue From Operations: ₹8,840.41
  • Other Income: ₹246.15
  • Unrealised Gain/Loss (net): ₹124.80
  • Total Income: ₹9,211.36

Expenses (₹ in Lakhs)

  • Purchases of stock-in-trade: ₹7,668.28
  • Changes in inventories: ₹361.69
  • Employee benefits expense: ₹109.53
  • Selling expenses: ₹380.47
  • Finance costs: ₹71.60
  • Depreciation and amortisation expense: ₹47.50
  • Other expenses: ₹244.54
  • Total expenses: ₹8,883.60

Profitability (₹ in Lakhs)

  • Profit before tax: ₹327.76
  • Tax expense:
  • Current tax: ₹54.25
  • Deferred tax: (₹34.88)
  • Net Profit for the period: ₹308.38
  • Other comprehensive income: ₹136.92
  • Total Comprehensive income: ₹445.30

Earnings Per Share (Face value ₹2/-)

  • Basic EPS: ₹1.06
  • Diluted EPS: ₹1.06

Comparative Performance

Quarter-over-Quarter Comparison (Standalone)

  • Net Profit: ₹308.38 lakhs (Q1 FY27) vs ₹232.43 lakhs (Q4 FY26) - 32.7% increase
  • Total Income: ₹9,211.36 lakhs (Q1 FY27) vs ₹9,152.60 lakhs (Q4 FY26) - 0.6% increase

Year-over-Year Comparison (Standalone)

  • Net Profit: ₹308.38 lakhs (Q1 FY27) vs ₹160.58 lakhs (Q1 FY26) - 92.0% increase
  • Total Income: ₹9,211.36 lakhs (Q1 FY27) vs ₹8,738.73 lakhs (Q1 FY26) - 5.4% increase

Segment-wise Performance (Standalone)

Revenue by Segment (₹ in Lakhs)

  • Export/Trading Division: ₹8,774.57 (99.3% of total)
  • Power Division: ₹75.30 (0.9% of total)
  • Others: (₹9.46) (-0.1% of total)

Segment Results (Profit/Loss before Interest, Investment Income & Tax)

  • Export/Trading Division: ₹9.94 lakhs
  • Power Division: ₹42.92 lakhs
  • Others: (₹24.45) lakhs

Consolidated Financial Results (Quarter ended June 30, 2026)

  • Net Profit for the period: ₹310.00 lakhs
  • Total Comprehensive income: ₹446.92 lakhs
  • Basic EPS: ₹1.06
  • Diluted EPS: ₹1.06

Subsidiary Performance

Consolidated results include:

  • G Varadan Limited: Net profit of ₹10.54 lakhs for the quarter
  • Innovative Spintex Private Limited: Net loss of ₹0.77 lakhs for the quarter

Auditor's Review

P C Ghadiali and Co LLP conducted a limited review of the financial results and concluded that nothing has come to their attention that causes them to believe the statement contains any material misstatement. The review was conducted in accordance with SRE 2410 issued by ICAI.

Financial Statement Preparation

The financial results have been prepared in accordance with:

  • Indian Accounting Standard 34 (Ind AS 34) "Interim Financial Reporting"
  • Section 133 of the Companies Act, 2013
  • SEBI Listing Regulations