Financial Results Overview
Standalone Performance (₹ in lakhs)
Income Statement:
- Revenue from operations: ₹16,327.54 (H1 FY27) vs ₹8,149.04 (H1 FY26)
- Other income: ₹30.28 (H1 FY27) vs ₹13.35 (H1 FY26)
- Total income: ₹16,357.82 (H1 FY27) vs ₹8,162.39 (H1 FY26)
- Purchase of stock-in-trade: ₹15,144.83 (H1 FY27) vs ₹7,427.18 (H1 FY26)
- Employee benefit expenses: ₹225.36 (H1 FY27) vs ₹219.56 (H1 FY26)
- Finance costs: ₹413.70 (H1 FY27) vs ₹346.92 (H1 FY26)
- Depreciation: ₹37.15 (H1 FY27) vs ₹22.83 (H1 FY26)
- Profit before tax: ₹1,296.23 (H1 FY27) vs ₹738.98 (H1 FY26)
- Tax expense: ₹301.75 (H1 FY27) vs ₹185.74 (H1 FY26)
- Net profit: ₹994.47 (H1 FY27) vs ₹553.24 (H1 FY26)
Earnings Per Share (Face Value ₹10):
- Basic EPS: ₹7.23 (H1 FY27) vs ₹4.67 (H1 FY26)
- Diluted EPS: ₹7.23 (H1 FY27) vs ₹4.39 (H1 FY26)
Consolidated Performance (₹ in lakhs)
Income Statement:
- Revenue from operations: ₹16,329.13 (H1 FY27) vs ₹8,206.62 (H1 FY26)
- Other income: ₹27.40 (H1 FY27) vs ₹10.88 (H1 FY26)
- Net profit: ₹987.32 (H1 FY27) vs ₹587.31 (H1 FY26)
Earnings Per Share (Face Value ₹10):
- Basic EPS: ₹7.18 (H1 FY27) vs ₹4.96 (H1 FY26)
- Diluted EPS: ₹7.18 (H1 FY27) vs ₹4.66 (H1 FY26)
Balance Sheet Position (Standalone as at September 30, 2026)
Equity and Liabilities (₹ in lakhs):
- Share capital: ₹1,630.70 (vs ₹1,490.70 as at September 30, 2025)
- Reserves & surplus: ₹13,280.40 (vs ₹11,214.44 as at September 30, 2025)
- Long-term borrowings: ₹1,950.52 (vs ₹2,681.50 as at September 30, 2025)
- Short-term borrowings: ₹7,034.01 (vs ₹3,112.24 as at September 30, 2025)
- Trade payables: ₹2,565.46 (₹467.66 to micro/small enterprises + ₹2,097.80 to others)
Assets (₹ in lakhs):
- Property, plant & equipment: ₹611.18
- Inventories: ₹7,317.22
- Trade receivables: ₹13,325.36
- Cash and bank balances: ₹313.67
- Other current assets: ₹3,917.11
Cash Flow Statement (Standalone)
Operating Activities (₹ in lakhs):
- Net cash used in operating activities: ₹(402.87) for H1 FY27 vs ₹(1,886.16) for H1 FY26
Investing Activities (₹ in lakhs):
- Net cash used in investing activities: ₹(1,169.63) for H1 FY27 vs ₹88.04 inflow for H1 FY26
Financing Activities (₹ in lakhs):
- Net cash from financing activities: ₹1,530.40 for H1 FY27 vs ₹1,275.18 for H1 FY26
- Includes proceeds from fresh share issue: ₹161.00
- Conversion of share warrants: ₹(112.70)
Subsidiary Information
- MCPL Ceramic Limited, UK (wholly owned foreign subsidiary)
- Total assets: ₹248.09 lakhs as at September 30, 2026
- Revenue: ₹45.67 lakhs for H1 FY27
- Net loss after tax: ₹7.16 lakhs for H1 FY27
Preferential Issue Utilization
Utilization Certificate for period April 1, 2026 to September 30, 2026:
- Objects as per offer document: Working capital requirement and business expansion
- Amount disclosed in offer document: ₹2,898.00 lakhs
- Actual amount received: ₹3,864.00 lakhs
- Actual amount utilized: ₹2,745.48 lakhs
- General corporate purpose: ₹1,118.48 lakhs utilized
Accounting Policies and Notes
- Company operates in one reportable business segment: trading of Ceramic Products & Sanitary ware
- Company exempted from adoption of IND AS as it is listed on SME exchange
- Provision for gratuity liability will be done at year-end as per management policy
- No investor complaints received during the period
- No exceptional or extraordinary items for the reporting period