Date: May 29, 2026

Board Meeting Outcomes

  • Approved and taken on record the Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and financial year ended on 31st March, 2026
  • Approved the Audited (Standalone and Consolidated) Financial Statements of the Company for the financial year ended on 31st March, 2026
  • Recommended for approval by members at ensuing AGM, payment of final dividend of ₹1.25 per equity share (@12.5%) of ₹10 each for FY ended 31st March, 2026

Dividend Declaration

  • Type: Final dividend
  • Financial Year: 2025-26
  • Amount: ₹1.25 per equity share (12.5%)
  • Record/Payment Date: To be approved by shareholders at AGM
  • Interim dividend of ₹0.85 per equity share was already paid on 13.03.2026
  • Total dividend for FY 2025-26: ₹2.10 per equity share

Financial Results (Standalone)

Quarter Ended 31st March 2026 (₹ in lakh)

  • Revenue from operations: ₹55,274.57
  • Total Income: ₹56,714.66
  • Profit before tax: ₹10,699.70
  • Tax expense: ₹2,924.96
  • Profit for the period: ₹7,774.14
  • Other comprehensive income: ₹69.22
  • Total comprehensive income: ₹7,843.96
  • EPS (Basic & Diluted): ₹4.15

Year Ended 31st March 2026 (₹ in lakh)

  • Revenue from operations: ₹1,20,862.59
  • Total Income: ₹1,24,663.33
  • Profit before tax: ₹18,409.40
  • Tax expense: ₹5,330.78
  • Profit for the year: ₹13,078.62
  • Other comprehensive income: ₹147.56
  • Total comprehensive income: ₹13,226.18
  • EPS (Basic & Diluted): ₹6.98
  • Paid-up equity share capital: ₹18,734.00
  • Other equity excluding revaluation reserves: ₹1,34,347.51

Financial Results (Consolidated)

Year Ended 31st March 2026 (₹ in lakh)

  • Profit before tax: ₹18,477.32
  • Profit for the year: ₹13,079.40
  • Total comprehensive income: ₹13,226.96
  • Includes share of Net Profit after tax from joint venture (Utkarsha Aluminium Dhatu Nigam Limited): ₹67.92 lakh

Balance Sheet Highlights (Standalone as at 31st March 2026)

Assets (₹ in lakh)

  • Property, Plant and Equipment: ₹106,359.49
  • Capital work-in-progress: ₹1,580.18
  • Investments: ₹2,273.20
  • Inventories: ₹133,260.59
  • Trade receivables: ₹55,422.72
  • Cash and cash equivalents: ₹19,208.90
  • Total Assets: ₹3,22,013.41

Liabilities & Equity (₹ in lakh)

  • Equity share capital: ₹18,734.00
  • Other Equity: ₹1,34,347.51
  • Borrowings: ₹28,401.74 (Non-current: ₹1,906.12; Current: ₹26,495.62)
  • Lease Liabilities: ₹12,283.18 (Non-current: ₹8,025.32; Current: ₹4,257.86)
  • Trade payables: ₹11,386.86
  • Total Equity and Liabilities: ₹3,22,013.41

Cash Flow Statement (Standalone for FY 2025-26)

  • Cash generated from operating activities: ₹20,055.03 lakh
  • Income tax paid: ₹(4,588.04) lakh
  • Net cash from operating activities: ₹15,466.99 lakh
  • Net cash used in investing activities: ₹(14,958.23) lakh
  • Net cash from financing activities: ₹1,611.94 lakh
  • Net increase in cash and cash equivalents: ₹2,120.72 lakh

Significant Notes to Financial Results

Impairment of Investment in APGPCL

  • Company recognized impairment loss of ₹210.11 lakh on investment in Andhra Pradesh Gas Power Corporation Limited (APGPCL)
  • Carrying value of investment reduced to Nil as at 31st March 2026 due to assessment of recoverable value
  • APGPCL not carrying significant commercial operations and involved in legal proceedings

Impact of Labour Codes

  • Additional liability of ₹26.67 lakh recognized due to implementation of new labour codes
  • Codes include Code on Wages 2019, Industrial Relations Code 2020, Code on Social Security 2020, and Occupational Safety, Health and Working conditions Code 2020

Gratuity Liability Revision

  • Ceiling of gratuity revised from ₹20 lakh to ₹25 lakh from 01.10.2025 due to IDA revision to 51.80%
  • Additional liability of ₹252.30 lakh recognized during FY 2025-26

Joint Ventures

  • Utkarsha Aluminium Dhatu Nigam Limited (50% JV with NALCO) - not started operations, consolidated under equity method
  • Advanced Materials (Defence) Testing Foundation (20% JV with other defence PSUs) - for Defence Testing Infrastructure

Operational Highlights from Press Release

  • Highest ever quarterly turnover of ₹552.75 crore in Q4 FY26 (34.63% YoY growth)
  • Highest ever annual turnover of ₹1,208.63 crore in FY26 (12.52% YoY growth)
  • Value of Production (VoP) for FY26: ₹1,193.92 crore (12.04% YoY growth)
  • EBITDA for FY26: ₹275.59 crore (10.69% YoY growth)
  • Order book position as on 1st April 2026: ₹2,290.00 crore
  • Titanium alloy production reached 700T, nearly doubling from previous year

Other Disclosures

  • No outstanding commercial paper as at 31st March 2026
  • No defaults on loans or debt securities as at the date
  • Financial results subject to Supplementary Audit by C&AG u/s 143(6) of Companies Act, 2013
  • Previous period figures have been regrouped/reclassified wherever necessary