Financial Performance - Standalone (Amounts in INR Lakhs)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Revenue from Operations: ₹9,067 (vs ₹10,587 in Q2 FY26) - 14.4% decline YoY
  • Other Income: ₹349 (vs ₹842 in Q2 FY26)
  • Total Income: ₹9,416 (vs ₹11,429 in Q2 FY26)
  • Total Expenses: ₹9,820 (vs ₹12,220 in Q2 FY26)
  • Loss before exceptional items and tax: ₹(404) (vs ₹(791) in Q2 FY26)
  • Exceptional Items: Profit of ₹336 (mainly from sale of assets)
  • Loss before tax: ₹(68) (vs ₹(740) in Q2 FY26)
  • Tax benefit: ₹(34)
  • Loss from Continuing Operations: ₹(35) (vs ₹(347) in Q2 FY26)
  • Loss from Discontinued Operations: ₹(63) (vs ₹(619) in Q2 FY26)
  • Net Loss: ₹(97) (vs ₹(966) in Q2 FY26)
  • Total Comprehensive Loss: ₹(89) (vs ₹(880) in Q2 FY26)
  • EPS: ₹(2) (Basic & Diluted) (vs ₹(20) in Q2 FY26)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue from Operations: ₹17,673 (vs ₹23,598 in H1 FY26) - 25.1% decline YoY
  • Other Income: ₹823 (vs ₹949 in H1 FY26)
  • Total Income: ₹18,497 (vs ₹24,547 in H1 FY26)
  • Total Expenses: ₹19,440 (vs ₹28,137 in H1 FY26)
  • Loss before exceptional items and tax: ₹(944) (vs ₹(3,589) in H1 FY26)
  • Exceptional Items: Profit of ₹570
  • Loss before tax: ₹(374) (vs ₹(3,081) in H1 FY26)
  • Tax benefit: ₹(124)
  • Loss from Continuing Operations: ₹(250) (vs ₹(2,109) in H1 FY26)
  • Loss from Discontinued Operations: ₹(181) (vs ₹(1,370) in H1 FY26)
  • Net Loss: ₹(431) (vs ₹(3,479) in H1 FY26)
  • Total Comprehensive Loss: ₹(411) (vs ₹(3,414) in H1 FY26)
  • EPS: ₹(9) (Basic & Diluted) (vs ₹(72) in H1 FY26)

Financial Performance - Consolidated (Amounts in INR Lakhs)

Quarterly Performance (Q2 FY27)

  • Revenue from Operations: ₹9,067
  • Other Income: ₹187
  • Total Income: ₹9,254
  • Total Expenses: ₹9,820
  • Loss before exceptional items and tax: ₹(566)
  • Share of Profit from Joint Venture: ₹267
  • Loss before exceptional items and tax (after JV): ₹(299)
  • Exceptional Items: Profit of ₹336
  • Profit before tax: ₹37
  • Tax benefit: ₹(34)
  • Profit from Continuing Operations: ₹70
  • Loss from Discontinued Operations: ₹(63)
  • Net Profit: ₹8
  • Total Comprehensive Income: ₹16
  • EPS: ₹(3) (Basic & Diluted)

Half-Yearly Performance (H1 FY27)

  • Revenue from Operations: ₹17,673
  • Other Income: ₹201
  • Total Income: ₹17,874
  • Total Expenses: ₹19,440
  • Loss before exceptional items and tax: ₹(1,566)
  • Share of Profit from Joint Venture: ₹911
  • Loss before exceptional items and tax (after JV): ₹(655)
  • Exceptional Items: Profit of ₹570
  • Loss before tax: ₹(85)
  • Tax benefit: ₹(124)
  • Profit from Continuing Operations: ₹39
  • Loss from Discontinued Operations: ₹(181)
  • Net Loss: ₹(142)
  • Total Comprehensive Loss: ₹(122)
  • EPS: ₹(3) (Basic & Diluted)

Key Financial Metrics

Standalone Balance Sheet (as at September 30, 2026)

  • Total Assets: ₹49,174 lakhs (vs ₹48,999 lakhs as at March 31, 2026)
  • Non-Current Assets: ₹19,460 lakhs
  • Current Assets: ₹28,256 lakhs
  • Equity: ₹16,432 lakhs
  • Non-Current Liabilities: ₹4,100 lakhs
  • Current Liabilities: ₹28,642 lakhs
  • Cash and Cash Equivalents: ₹1,332 lakhs (significant increase from ₹52 lakhs)

Standalone Cash Flow (H1 FY27)

  • Cash Flow from Operating Activities: ₹1,864 lakhs
  • Cash Flow from Investing Activities: ₹1,251 lakhs
  • Cash Flow from Financing Activities: ₹(1,835) lakhs
  • Net Cash Inflow: ₹1,280 lakhs

Exceptional Items

Current year exceptional profit of ₹569.77 lakhs from sale of idle plant and machinery identified as surplus to operating requirements.

Operational Highlights

  • Company continues operational rationalization focusing on high-value contribution segments
  • Cost optimization measures implemented
  • Asset monetization program underway, including assets classified as "Held for Sale"
  • Objective: Debt reduction, liquidity strengthening, and cost efficiency improvement
  • Management confident of achieving sustainable operational profitability in near future

Auditor's Emphasis of Matter

Auditors highlighted Note 5 regarding management's initiatives to address continued operational losses, suboptimal capacity utilization, and liquidity challenges. Company's ability to achieve operational profits is dependent on successful implementation of rationalization, cost optimization, and asset monetization measures.

Joint Venture Disclosure

Consolidated results include Gruppo P&P Loyal Spa (Italian joint venture) with share of profit of ₹266.71 lakhs for Q2 FY27 and ₹911.40 lakhs for H1 FY27. Auditors noted non-compliance with Regulation 33(3)(h) as joint venture results were not subjected to review.

Discontinued Operations

Discontinued operations resulted in loss of ₹63 lakhs in Q2 FY27 and ₹181 lakhs in H1 FY27, showing improvement from previous year losses.

Tax Position

No current tax recognized due to losses from continuing and discontinued operations together with implications of exceptional items.