Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended 30th September, 2026 (Q2 FY26, H1 FY26)

Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015

Date of Board Meeting / Approval: 13th November, 2026 (Meeting duration: 1:00 PM to 2:45 PM)

Audit Opinion: Unmodified (Clean) - Limited Review Report

Auditor's Comment: Highlighted recognition of Deferred Tax Asset of ₹4,737.37 lakhs in previous FY 2025-26 on deduction claimed under Section 43B of Income-tax Act, 1961, based on independent tax opinion obtained by management.

Key Financial Highlights [in ₹ Lakhs]:

Standalone Results:

Quarter Ended 30.09.2026 (Q2 FY26):

  • Revenue from Operations: 80,698.50 (vs 67,686.47 in Q2 FY25, +19.2% YoY)
  • Total Income: 80,740.45
  • EBITDA: Not explicitly disclosed
  • Net Profit: 3,446.90 (vs Net Loss of (7,477.08) in Q2 FY25)
  • EPS: Basic ₹0.61, Diluted ₹0.58
  • Other Equity: Not specified for quarter end
  • Cash and Cash Equivalents: 278.88
  • Debt:
  • Short-term Borrowings: 27,596.50
  • Long-term Borrowings: 3,255.51
  • Total Borrowings: 30,852.01

Half Year Ended 30.09.2026 (H1 FY26):

  • Revenue from Operations: 1,63,350.15 (vs 1,38,772.61 in H1 FY25, +17.7% YoY)
  • Total Income: 1,63,647.63
  • Net Profit: 5,643.42 (vs Net Loss of (5,692.91) in H1 FY25)
  • EPS: Basic ₹1.00, Diluted ₹0.94
  • Other Equity: 51,737.16 (as on 30.09.2026)
  • Cash and Cash Equivalents: 278.88

Consolidated Results:

Quarter Ended 30.09.2026 (Q2 FY26):

  • Revenue from Operations: 80,698.50
  • Total Income: 80,740.45
  • Net Profit: 3,431.43
  • Profit attributable to owners: 3,437.40
  • EPS: Basic ₹0.61, Diluted ₹0.57

Half Year Ended 30.09.2026 (H1 FY26):

  • Revenue from Operations: 1,63,350.15
  • Total Income: 1,63,647.63
  • Net Profit: 5,628.96
  • Profit attributable to owners: 5,635.06
  • EPS: Basic ₹0.99, Diluted ₹0.94
  • Other Equity: 52,018.20 (as on 30.09.2026)

Segment-wise Performance:

The Company operates in a single business segment - "Manufacturing/Trading of Iron & Steel Products" as per Ind AS 108. No separate segment information disclosed.

Corporate Actions:

  • No dividend declared
  • No share split, bonus issue, or buyback announced
  • No capital raising activities mentioned

Other Significant Information:

  • Exceptional Items: None in current period. Previous year had exceptional items of ₹10,088.30 lakhs in Q2 FY25 and ₹10,163.30 lakhs in FY25.
  • Deferred Tax Asset: Recognition of ₹4,737.37 lakhs in previous FY 2025-26 on deduction claimed under Section 43B of Income-tax Act, 1961, pertaining to interest liabilities aggregating ₹18,823.26 lakhs on conversion of Optionally Convertible Debentures (OCDs) into equity shares.
  • Subsidiaries and Joint Venture: Includes MSP Cement Limited (wholly owned subsidiary), Prateek Mines & Minerals Private Limited (subsidiary), and Madanpur South Coal Company Limited (joint venture)
  • Accounting Policy: No change in accounting policy affecting comparability
  • Forward-looking Guidance: No specific guidance or management outlook provided