Key Quantitative Figures
Standalone Financial Results (Quarter ended 31st March, 2026):
- Total Income: ₹451.50 lakhs
- Total Expenses: ₹424.80 lakhs
- Profit Before Tax: ₹26.70 lakhs
- Tax Expense: ₹10.68 lakhs
- Net Profit: ₹16.02 lakhs
- Other Comprehensive Income: ₹(36.10) lakhs
- Total Comprehensive Income: ₹(20.08) lakhs
- Basic EPS: ₹2.16
- Diluted EPS: ₹2.16
- Paid-up Equity Share Capital: ₹74.09 lakhs (Face value ₹10 per share)
Standalone Financial Results (Year ended 31st March, 2026):
- Total Income: ₹1,581.67 lakhs
- Total Expenses: ₹1,497.47 lakhs
- Profit Before Tax: ₹84.20 lakhs
- Tax Expense: ₹25.68 lakhs
- Net Profit: ₹58.52 lakhs
- Other Comprehensive Income: ₹(3.33) lakhs
- Total Comprehensive Income: ₹55.19 lakhs
- Basic EPS: ₹7.90
- Diluted EPS: ₹7.90
Consolidated Financial Results (Year ended 31st March, 2026):
- Net Profit: ₹58.32 lakhs
- Total Comprehensive Income: ₹54.99 lakhs
- Basic EPS: ₹7.87
- Diluted EPS: ₹7.87
Segment-wise Revenue (Year ended 31st March, 2026):
- Explosives Division: ₹387.72 lakhs
- Transportation Division: ₹689.62 lakhs
- Adblue Division: ₹478.63 lakhs
- Total Segment Revenue: ₹1,555.97 lakhs
Balance Sheet Highlights (Standalone as at 31st March, 2026):
- Total Assets: ₹1,369.81 lakhs
- Property, Plant and Equipment: ₹478.01 lakhs
- Inventories: ₹122.74 lakhs
- Cash and Cash Equivalents: ₹353.27 lakhs
- Total Equity: ₹971.79 lakhs
- Borrowings (Non-current): ₹28.65 lakhs
- Borrowings (Current): ₹215.95 lakhs
Dates of Action
- Board Meeting Date: 23rd May, 2026 (12:30 pm to 6:30 pm)
- Financial Period: Quarter and Year ended 31st March, 2026
- Auditor's Report Date: 23rd May, 2026
Parties Involved
- Board of Directors of Machhar Industries Limited
- Statutory Auditors: Ashok R Majethia & Co (FRN:127769W)
- Managing Director: Mr. Sandeep Machhar (DIN: 00251892)
- Company Secretary: Mr. Mahesh Dube
- Audit Committee
- BSE Limited (Listing Authority)
Audit Opinion
- Unmodified opinion on both standalone and consolidated financial statements
- Auditors confirmed adequate internal financial controls were operating effectively
- No material fraud noticed or reported during the year
- No modified opinion in the audit report
Key Audit Matters
- Physical verification of Property, Plant and Equipment (no material discrepancies)
- Title deeds of immovable properties held in company's name
- No revaluation of Property, Plant & Equipment during the year
- No proceedings under Benami Transactions Act
- Inventory physically verified by management (no material discrepancies)
- Loan of ₹35.09 lakhs granted to joint venture company (no interest charged)
- Compliance with sections 185 and 186 of Companies Act, except non-charging of interest
- Regular depositor of statutory dues with no arrears
- No defaults in payment of dues to financial institutions
- No funds raised through public offers during the year
- No fraud reported by company or auditors
- Related party transactions in compliance with applicable sections
Related Party Transactions
Transactions with related parties during half year ended 31st March, 2026:
- Utkarsh Machhar (Marketing Manager): Salary ₹9.71 lakhs
- Sandeep Machhar (Managing Director): Remuneration ₹17.26 lakhs
- Vyankat Katkar (Whole Time Director): Remuneration ₹4.52 lakhs
- Anoop Shrotriya (CFO): Salary ₹4.66 lakhs
- Mahesh Dube (CS): Salary ₹3.53 lakhs
- Utsav Logistics Pvt Ltd: Sale of goods/services ₹3.09 lakhs
- Utsav Polymers Pvt Ltd: Rent ₹9.90 lakhs
Additional Information
- The company has a joint venture with 50% share
- No interim dividend declared or paid during the year
- No amounts required to be transferred to Investor Education and Protection Fund
- No pending litigations that impact financial position (Refer Note 35)
- No long-term contracts or derivative contracts requiring provision
- Company not covered under Corporate Social Responsibility provisions
- Accounting software with audit trail facility used throughout the year