Modison Limited announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, approved by the Board of Directors at a meeting held on August 13, 2026, from 6:00 PM to 7:05 PM IST.

Standalone Financial Performance (₹ in Lakhs)

Income:

  • Revenue from Operations: ₹27,046.67
  • Other Income: ₹263.03
  • Total Income: ₹27,300.70

Expenses:

  • Cost of Materials Consumed: ₹24,647.27
  • Changes in Inventory: (₹8,172.11)
  • Employee Benefits Expenses: ₹677.63
  • Finance Cost: ₹431.34
  • Depreciation and Amortization: ₹230.90
  • Other Expenses: ₹884.21
  • Total Expenses: ₹22,699.24

Profitability:

  • Profit before Exceptional Items: ₹4,610.46
  • Exceptional Items: (₹27.70)
  • Profit before Tax: ₹4,582.76
  • Tax Expense: ₹1,198.41
  • Current Tax: ₹1,130.00
  • Deferred Tax: ₹68.41
  • Profit for the Period: ₹3,384.35
  • Other Comprehensive Income: ₹2.97
  • Total Comprehensive Income: ₹3,387.32

Key Metrics:

  • Paid-up Equity Share Capital: ₹324.50 Lakhs (Face Value ₹1 per share)
  • Basic/Diluted EPS: ₹10.43 (not annualized)

Exceptional Items Breakdown (₹ in Lakhs)

  • Profit/(Loss) on Hedging of Silver in stock: (₹38.96)
  • Profit/(Loss) on mark to market of forward contracts: ₹11.26
  • Total Exceptional Items: (₹27.70)

Significant Events

Labor Code Implementation:

On November 21, 2025, the Government of India notified four Labour Codes effective immediately. The company recognized past service cost of ₹98.95 Lakhs in the financial results for year ended March 31, 2026, increasing gratuity liability and leave encashment provisions.

Factory Fire Incident:

On February 7, 2026, a fire incident at the factory resulted in loss of property plant and equipment (PPE) and inventory. The company charged off:

  • WDV of PPE: ₹153.58 Lakhs
  • Cost of Inventory: ₹867.46 Lakhs
  • GST on Inventories: ₹42.42 Lakhs
  • Total Loss: ₹1,063.46 Lakhs (shown under Exceptional Items)

Insurance claim of ₹1,801.95 Lakhs was lodged, with partial payment of ₹170.00 Lakhs received towards loss of PPE, accounted as Other Income. Remaining claims for inventory loss and balance PPE claim are in process.

Consolidated Financial Results (₹ in Lakhs)

The consolidated results show similar performance:

  • Total Income: ₹27,310.09
  • Profit for the Period: ₹3,384.48
  • Total Comprehensive Income: ₹3,387.45
  • Basic/Diluted EPS: ₹10.43

The group's business activity falls within a single primary segment: 'Manufacturing of Electrical Contacts'.

Subsidiary Information

The company divested its entire stake in wholly owned subsidiary Modison Hitech Private Limited (formerly Modison Contacts Private Limited) effective June 9, 2025, with no material impact on financials.

Notes

  • Figures for quarter ended March 31, 2026 are balancing figures between audited annual figures and published unaudited YTD figures
  • Corresponding previous period figures have been regrouped and reclassified to conform to current presentation