Board Meeting Details

The Board of Directors meeting was held on October 28, 2026, commencing at 03:30 PM IST and concluding at 04:00 PM IST. The Board approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026.

Financial Results - Standalone (Quarter Ended September 30, 2026)

  • Revenue from operations: ₹98.73 crore
  • Other income: ₹0.78 crore
  • Total income: ₹99.51 crore
  • Profit before tax: ₹9.90 crore
  • Tax expense: ₹2.54 crore
  • Net profit: ₹7.36 crore
  • Basic EPS: ₹7.11 (not annualized)
  • Diluted EPS: ₹7.11 (not annualized)

Financial Results - Standalone (Half-Year Ended September 30, 2026)

  • Revenue from operations: ₹180.06 crore
  • Other income: ₹1.90 crore
  • Total income: ₹181.97 crore
  • Profit before tax: ₹17.82 crore
  • Tax expense: ₹4.64 crore
  • Net profit: ₹13.18 crore
  • Basic EPS: ₹12.73 (not annualized)
  • Diluted EPS: ₹12.73 (not annualized)

Financial Position - Standalone (As at September 30, 2026)

  • Total assets: ₹202.58 crore (vs ₹158.37 crore as at March 31, 2026)
  • Inventories: ₹115.94 crore (vs ₹79.57 crore as at March 31, 2026)
  • Trade receivables: ₹15.15 crore (vs ₹12.96 crore as at March 31, 2026)
  • Cash and cash equivalents: ₹1.51 crore (vs ₹1.84 crore as at March 31, 2026)
  • Borrowings: ₹63.12 crore (vs ₹35.38 crore as at March 31, 2026)
  • Equity share capital: ₹10.36 crore (unchanged)
  • Other equity: ₹97.95 crore (vs ₹84.76 crore as at March 31, 2026)

Cash Flow - Standalone (Half-Year Ended September 30, 2026)

  • Net cash used in operating activities: ₹(21.85) crore
  • Net cash used in investing activities: ₹(2.90) crore
  • Net cash from financing activities: ₹24.25 crore
  • Net decrease in cash: ₹(0.50) crore

Consolidated Results

The consolidated results show minimal difference from standalone results, indicating subsidiary contributions are not material to the group. Key consolidated figures for Q2 FY27:

  • Revenue from operations: ₹98.73 crore
  • Net profit: ₹7.35 crore
  • Basic EPS: ₹7.10 (not annualized)

Accounting Framework

The company adopted Indian Accounting Standards (Ind AS) from April 1, 2026, with transition date of April 1, 2025. The financial results are prepared in accordance with Ind AS 34 (Interim Financial Reporting) and Ind AS 101 (First-time Adoption).

Subsidiaries Included in Consolidation

  • Nuo Zhan Technologies Limited (total assets: ₹1.01 lakh as at September 30, 2026)
  • Macfos Electronics Private Limited (total assets: ₹11.40 lakh as at September 30, 2026)

Share Capital Information

  • Paid-up share capital: ₹10.36 crore (face value ₹10 per share)
  • Number of shares outstanding: 1,03,58,503
  • During FY 2025-26, the company issued 941,682 bonus equity shares in the ratio of 1:10

Investor Complaints

No investor complaints were pending at the beginning of the period, received during the period, or remained unresolved at the end of the period.

Auditor Review

The financial results were reviewed by Kishor Gujar & Associates, Chartered Accountants, who issued a limited review report stating nothing came to their attention causing belief that the statements contain material misstatements.

Key Financial Ratios

  • Standalone net profit margin (Q2 FY27): 7.46%
  • Standalone revenue growth (Q2 YoY): 44.2%
  • Standalone net profit growth (Q2 YoY): 45.0%

Ind AS Transition Impact

The transition from IGAAP to Ind AS resulted in differences in comprehensive income and equity, primarily due to lease accounting (Ind AS 116), financial instruments (Ind AS 109), and employee benefits (Ind AS 19).