Financial Results - Standalone (Quarter Ended September 30, 2026)

  • Revenue from Operations: ₹239.31 crore (vs ₹176.51 crore in Q2 FY26)
  • Other Income: ₹23.19 crore (vs ₹7.05 crore in Q2 FY26)
  • Total Revenue: ₹262.50 crore (vs ₹183.56 crore in Q2 FY26)
  • Profit Before Tax: ₹70.90 crore (vs ₹22.49 crore in Q2 FY26)
  • Tax Expense: ₹19.25 crore (Current: ₹14.08 crore, Deferred: ₹5.17 crore)
  • Profit for the Period: ₹51.65 crore (vs ₹17.53 crore in Q2 FY26)
  • Earnings Per Share (Basic/Diluted): ₹10.96 (vs ₹3.72 in Q2 FY26)

Financial Results - Standalone (Half Year Ended September 30, 2026)

  • Revenue from Operations: ₹426.51 crore (vs ₹317.88 crore in H1 FY26)
  • Other Income: ₹32.64 crore (vs ₹12.42 crore in H1 FY26)
  • Total Revenue: ₹459.15 crore (vs ₹330.21 crore in H1 FY26)
  • Profit Before Tax: ₹107.68 crore (vs ₹37.78 crore in H1 FY26)
  • Tax Expense: ₹27.06 crore (Current: ₹23.27 crore, Deferred: ₹3.79 crore)
  • Profit for the Period: ₹80.62 crore (vs ₹33.67 crore in H1 FY26)
  • Earnings Per Share (Basic/Diluted): ₹17.10 (vs ₹7.14 in H1 FY26)

Segment Performance - Standalone (Quarter Ended September 30, 2026)

  • Insulators Segment Revenue: ₹219.98 crore
  • Terry Towels Segment Revenue: ₹19.34 crore
  • Insulators Segment Profit: ₹71.76 crore before finance cost and tax
  • Terry Towels Segment Profit: ₹2.96 crore before finance cost and tax

Balance Sheet Position - Standalone (As at September 30, 2026)

  • Total Assets: ₹888.96 crore (vs ₹756.81 crore as at March 31, 2026)
  • Equity Share Capital: ₹47.14 crore
  • Total Equity: ₹629.75 crore (vs ₹549.12 crore as at March 31, 2026)
  • Total Borrowings (Current + Non-current): ₹97.29 crore (vs ₹60.15 crore as at March 31, 2026)

Cash Flow - Standalone (Half Year Ended September 30, 2026)

  • Net Cash from Operating Activities: ₹36.54 crore
  • Net Cash used in Investing Activities: ₹(67.23) crore
  • Net Cash from Financing Activities: ₹32.74 crore
  • Net increase in cash: ₹2.04 crore

Consolidated Results

  • Q2 Consolidated Profit for the Period: ₹51.65 crore
  • H1 Consolidated Profit for the Period: ₹80.62 crore
  • Consolidated EPS (Basic/Diluted): ₹11.15 for Q2, ₹17.42 for H1

Auditor's Qualification

The auditors, M/s. R. B. Verma & Associates, issued a qualified report due to non-provision of taxation including interest amounting to:

  • ₹279.18 lakhs for the quarter ended September 30, 2026
  • ₹554.58 lakhs for the six months ended September 30, 2026

This non-provision is in view of the proposed amalgamation with Modern Denim Limited under a Scheme of Arrangement.

Pending Amalgamation Details

The Hon'ble National Company Law Tribunal (NCLT), Jaipur Bench disposed of the Company's Petition No. CP(CAA) No.14/230-232/JPR/2022 on January 22, 2026, with liberty to re-approach after compliance with regulatory requirements including obtaining No Objection Certificate (NOC) from the stock exchange.

The company has re-submitted its application to the stock exchange, which has requested certain documents/clarifications and modifications to the Scheme. The compliance process is ongoing. Management is hopeful of obtaining NCLT approval for the modified Scheme.

Related Party Transactions

  • The company has given an interest-free unsecured loan of ₹7041 lakhs (previous year ₹7119 lakhs) to a company covered under section 189 of the Companies Act, 2013, in connection with the proposed amalgamation.
  • The company granted an interest-free unsecured loan of ₹3122 lakhs (Previous year ₹1923 lakhs) to its wholly owned subsidiary company for normal business requirements.