Financial Results Overview

Quarter Ended June 30, 2026:

  • Total Income: ₹2,573.26 lakhs
  • Total Expenses: ₹2,865.24 lakhs
  • Profit/(Loss) before Exceptional items and Tax: (₹291.98) lakhs
  • Exceptional Items: Compensation to retired employees (₹27.03 lakhs) and Profit on sale of Non-current Assets held for sale (₹978.25 lakhs)
  • Profit before Tax: ₹659.24 lakhs
  • Tax Expense: (₹87.20) lakhs (Current Tax)
  • Net Profit for the period: ₹746.44 lakhs
  • Other Comprehensive Income/(Loss): (₹4.63) lakhs
  • Total Comprehensive Income: ₹741.82 lakhs
  • Earnings per share (Basic & Diluted): ₹2.45 after exceptional items

Comparative Performance:

  • Quarter Ended June 30, 2025: Net Loss of (₹123.20) lakhs
  • Quarter Ended March 31, 2026: Net Profit of ₹682.89 lakhs
  • Financial Year Ended March 31, 2026: Net Profit of ₹495.42 lakhs

Exceptional Items Details

4.1 Employee Compensation Liability:

The Company entered into Consent Terms with Manugraph Employees' Union on September 20, 2024 for retirement of workmen under an approved Scheme. Liability recognized:

  • Q1 FY2027: ₹27.03 lakhs
  • Q1 FY2026: ₹29.46 lakhs
  • Q4 FY2026: ₹32.25 lakhs
  • Full Year FY2026: ₹106.90 lakhs

4.2 Asset Sales:

  • Q1 FY2027: Completed disposal of all immovable assets classified as held for sale at Kolhapur Unit II, resulting in gain of ₹978.25 lakhs
  • Q1 FY2026 and FY2026: Completed disposal of all movable assets classified as held for sale at Kolhapur Unit II, resulting in gain of ₹218.75 lakhs

Asset Classification and Sales

During FY2026, the Company classified assets as non-current assets held for sale under Ind AS 105:

  • Two acres of factory land at Unit I, Kolhapur: Carrying amount ₹644.09 lakhs
  • Land and factory building of Unit II, Kolhapur: Carrying amount ₹257.26 lakhs

During Q1 FY2027, the Company completed the sale of the land and factory building of Unit II, Kolhapur. The Company has received entire consideration for factory land at Unit I and is in process of completing documentation.

Additional Information

  • The Company has only one reportable primary business segment: Engineering as per Ind AS 108
  • Figures for previous periods have been regrouped/reclassified to conform to current period presentation
  • Financial results are presented in Indian Rupees and rounded off to the nearest lakh
  • Paid-up equity share capital: Face value of ₹2/- each
  • The statutory auditors, Desai Shah & Associates, conducted a limited review and issued an unmodified conclusion with emphasis of matter on the employee compensation liability and asset classification
  • Board meeting duration: Commenced at 3:15 PM and concluded at 4:00 PM on August 11, 2026