Board Meeting Details
The Board of Directors meeting was held on Monday, October 26, 2026, commencing at 12:00 Noon and concluding at 02:00 PM.
Key Decisions Approved
1. Financial Results Approval
The Board approved the Un-audited Standalone and Consolidated Financial Results for the 2nd Quarter and Half Year ended September 30, 2026, as recommended by the Audit Committee. The results were reviewed by S.R. Batliboi & Co. LLP, Statutory Auditors, who issued unmodified review reports.
2. Commercial Paper Issuance
Approved issuance of unlisted Commercial Paper in the form of Usance Promissory Note for an amount up to ₹50 Crores to Kotak Mahindra Bank Limited.
3. Management Personnel Extension
Extended the term of Mr. Raajesh Kumar Gupta as Company Secretary (Key Managerial Personnel designated as Senior Management Personnel) for one year effective January 1, 2027, consequent to attaining superannuation age on December 31, 2026.
4. Associate Company Name Change
Approved the proposal from SL Lumax Limited (Associate Company) for change of name to SL India Limited, or any other name approved by Regulatory Authorities. This will not impact existing Board Structure and Shareholding held by the Company, which will continue to consolidate financials as an associate company.
Financial Results Summary
Standalone Financial Results (Q2 FY27 vs Q2 FY26)
- Revenue from operations: ₹1,341.84 crore (vs ₹1,008.60 crore)
- Other income: ₹0.70 crore (vs ₹2.18 crore)
- Total income: ₹1,342.54 crore (vs ₹1,010.78 crore)
- Profit before tax: ₹52.43 crore (vs ₹34.72 crore)
- Net profit: ₹39.14 crore (vs ₹25.79 crore)
- EPS (Basic): ₹41.87 (vs ₹27.59)
Standalone Financial Results (H1 FY27 vs H1 FY26)
- Revenue from operations: ₹2,565.07 crore (vs ₹1,931.13 crore)
- Other income: ₹17.20 crore (vs ₹4.91 crore)
- Total income: ₹2,582.27 crore (vs ₹1,936.03 crore)
- Profit before tax: ₹117.68 crore (vs ₹68.65 crore)
- Net profit: ₹91.13 crore (vs ₹51.20 crore)
- EPS (Basic): ₹97.49 (vs ₹54.74)
Consolidated Financial Results (Q2 FY27 vs Q2 FY26)
- Revenue from operations: ₹1,341.84 crore (vs ₹1,008.60 crore)
- Other income: ₹0.70 crore (vs ₹2.18 crore)
- Total income: ₹1,342.54 crore (vs ₹1,010.78 crore)
- Share of profit of associate: ₹16.46 crore (vs ₹11.96 crore)
- Profit before tax: ₹69.57 crore (vs ₹47.12 crore)
- Net profit: ₹51.99 crore (vs ₹35.64 crore)
- EPS (Basic): ₹55.62 (vs ₹38.13)
Consolidated Financial Results (H1 FY27 vs H1 FY26)
- Revenue from operations: ₹2,565.07 crore (vs ₹1,931.13 crore)
- Other income: ₹4.00 crore (vs ₹4.91 crore)
- Total income: ₹2,569.07 crore (vs ₹1,935.03 crore)
- Share of profit of associate: ₹27.71 crore (vs ₹25.54 crore)
- Profit before tax: ₹133.54 crore (vs ₹95.40 crore)
- Net profit: ₹103.07 crore (vs ₹71.83 crore)
- EPS (Basic): ₹110.26 (vs ₹76.84)
Key Financial Position Highlights (Standalone as of September 30, 2026)
- Total assets: ₹3,611.50 crore (vs ₹3,162.55 crore as of March 31, 2026)
- Equity share capital: ₹9.35 crore (unchanged)
- Other equity: ₹744.22 crore (vs ₹704.09 crore)
- Total borrowings: ₹89.28 crore (non-current ₹9.43 crore + current ₹79.85 crore)
- Inventory: ₹800.32 crore (vs ₹643.31 crore)
- Trade receivables: ₹812.54 crore (vs ₹630.03 crore)
Management Change Details
Mr. Raajesh Kumar Gupta's term as Company Secretary extended for one year effective January 1, 2027, based on recommendation of Nomination & Remuneration Committee. Detailed annexure provided as per Regulation 30 requirements.
Auditor Review
S.R. Batliboi & Co. LLP conducted review in accordance with Standard on Review Engagements (SRE) 2410 and issued unmodified conclusion on both standalone and consolidated financial results.
Subsidiary and Associate Information
Consolidated results include:
- Lumax Industries Czech SRO (Subsidiary): Total assets ₹23.84 crore, revenue ₹17.09 crore for H1 FY27
- SL Lumax Limited (Associate): Group's share of net profit ₹27.71 crore for H1 FY27