The Board approved the unaudited standalone financial results of the Company for the quarter and half year ended September 30, 2026. The Board also took note of the Limited Review Report issued by the Statutory Auditors of the Company on these unaudited standalone financial results.

Financial Performance Highlights (Amount in Lakhs except EPS)

Quarter Ended September 30, 2026 (Q2 FY27):

  • Total Income: ₹1.52 (consisting entirely of Other Income; Revenue From Operations was ₹0.00)
  • Total Expenses: ₹(1.44) (negative due to negative Other Expenses of ₹(1.82))
  • Profit Before Tax: ₹2.96
  • Total Tax Expenses: ₹0.00
  • Net Profit: ₹2.96
  • Basic and Diluted EPS: ₹0.01

Half Year Ended September 30, 2026 (H1 FY27):

  • Total Income: ₹1.52
  • Total Expenses: ₹7.36
  • Loss Before Tax: ₹(5.84)
  • Total Tax Expenses: ₹0.00
  • Net Loss: ₹(5.84)
  • Basic and Diluted EPS: ₹(0.03)

Comparative Performance:

  • Q2 FY27 Net Profit of ₹2.96 compares to Net Profit of ₹39.12 in Q2 FY25 and Net Loss of ₹(8.80) in Q1 FY26 (immediately preceding quarter)
  • H1 FY27 Net Loss of ₹(5.84) compares to Net Profit of ₹103.10 in H1 FY25
  • Full Year FY26 (ended March 31, 2026) Net Loss: ₹(127.55)

Balance Sheet Position as at September 30, 2026

  • Total Assets: ₹10,610.99
  • Financial Assets: ₹8,246.66 (including Cash & Cash Equivalents: ₹211.83, Loans & Advances: ₹8,025.77)
  • Non-Financial Assets: ₹2,364.33 (including Inventories: ₹2,353.72)
  • Total Liabilities: ₹7,336.81
  • Financial Liabilities: ₹7,333.06 (including Trade Payables: ₹2,214.91, Borrowings: ₹5,118.15)
  • Non-Financial Liabilities: ₹3.75 (Current Tax Liabilities)
  • Total Equity: ₹3,274.17 (Equity Share Capital: ₹2,154.13, Other Equity: ₹1,120.04)

Cash Flow Statement for H1 FY27

  • Net Cash Outflow from Operating Activities: ₹(45.09)
  • Net Cash Inflow from Investing Activities: ₹0.00
  • Net Cash Outflow from Financing Activities: ₹28.88
  • Net Decrease in Cash and Cash Equivalents: ₹(16.22)
  • Closing Cash and Cash Equivalents: ₹211.83

Additional Information

  • Paid-up Equity Share Capital: ₹2,154.13 lakhs (Face Value of ₹10 each)
  • The financial results have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standards (Ind AS)
  • The figures for the quarter ended September 30, 2026 have been subjected to a Limited Review by the Statutory Auditors
  • The results are available on the Company's website www.milgrey.in

Auditor's Review

K S Subrahmanyam & Co., Chartered Accountants, issued an unqualified limited review report stating that nothing has come to their attention that causes them to believe that the accompanying statement of unaudited financial results contains any material misstatement.