Summary of Key Information:

Reporting Period (Quarter/Year): Quarter ended 30th June, 2026 (Q1 FY27)

Nature of Filing / Announcement: Unaudited Financial Results (Standalone & Consolidated)

Audit Opinion:

Clean limited review report issued by statutory auditors S. Guha & Associates. No material misstatements found.

Auditor’s Comment:

The auditor included an Emphasis of Matter regarding:

  • Management's outlook on borrowings from Standard Chartered Bank (₹4,361.97 Lakhs contingency)
  • Provision of ₹0.12 Lakhs for Gratuity liability of fixed-term employees under new labour codes
  • Discontinuation of procurement business under BG-backed model of Marketing division

Key Financial Highlights [Amount in ₹ Lakhs]:

Standalone Results:

| Metric | Q1 FY27 (Unaudited) | Q1 FY26 (Unaudited) | Q4 FY26 (Audited) | FY26 (Audited) |

| Revenue from Operations | 9,423.99 | 7,742.62 | 11,879.72 | 36,965.66 |

| Other Income | 2,375.50 | 1,623.26 | 3,157.17 | 8,338.03 |

| Total Income | 11,799.49 | 9,365.88 | 15,036.89 | 45,303.69 |

| Total Expenses | 3,946.75 | 3,402.85 | 4,696.58 | 15,590.62 |

| Profit Before Tax | 7,852.74 | 5,963.03 | 10,340.31 | 29,569.07 |

| Tax Expense | 2,040.71 | 1,530.72 | 2,759.99 | 7,400.20 |

| Net Profit | 5,812.03 | 4,432.31 | 7,580.32 | 22,168.87 |

| Other Comprehensive Income | (168.37) | 30.66 | 114.62 | 59.20 |

| Total Comprehensive Income | 5,643.66 | 4,462.97 | 7,694.94 | 22,226.64 |

| Paid Up Equity Share Capital | 7,040.00 | 7,040.00 | 7,040.00 | 7,040.00 |

| Other Equity | Not Specified | Not Specified | Not Specified | 85,015.40 |

| EPS Basic (₹) | 8.26 | 6.30 | 10.77 | 31.49 |

| EPS Diluted (₹) | 8.26 | 6.30 | 10.77 | 31.49 |

Consolidated Results:

| Metric | Q1 FY27 (Unaudited) | Q1 FY26 (Unaudited) | Q4 FY26 (Audited) | FY26 (Audited) |

| Revenue from Operations | 9,423.99 | 7,742.62 | 11,879.72 | 36,965.66 |

| Other Income | 2,375.50 | 1,623.26 | 3,157.17 | 8,338.03 |

| Total Income | 11,799.49 | 9,365.88 | 15,036.89 | 45,303.69 |

| Total Expenses | 3,946.75 | 3,402.85 | 4,552.58 | 15,590.62 |

| Profit Before Share of JV & Tax | 7,852.74 | 5,963.03 | 10,484.31 | 29,713.07 |

| Share of Profit of Joint Venture | 9.93 | (198.09) | (1.95) | (469.55) |

| Profit Before Tax | 7,862.67 | 5,764.94 | 10,482.36 | 29,243.52 |

| Tax Expense | 2,040.71 | 1,530.72 | 2,759.99 | 7,400.20 |

| Net Profit | 5,821.96 | 4,234.22 | 7,722.37 | 21,843.32 |

| Other Comprehensive Income | (167.88) | 31.88 | 112.41 | 59.20 |

| Total Comprehensive Income | 5,654.08 | 4,266.10 | 7,834.78 | 21,902.52 |

| Paid Up Equity Share Capital | 7,040.00 | 7,040.00 | 7,040.00 | 7,040.00 |

| Other Equity | Not Specified | Not Specified | Not Specified | 83,353.51 |

| EPS Basic (₹) | 8.27 | 6.01 | 10.97 | 31.03 |

| EPS Diluted (₹) | 8.27 | 6.01 | 10.97 | 31.03 |

Segment-wise Performance:

Segmental reporting has been discontinued effective FY 2026-27 following the Board's decision to discontinue the procurement business under BG-backed model of Marketing Division.

Corporate Actions:

Not Specified

Other Significant Information:

  • The figures for quarter ended March 31, 2026 are balancing figures between audited annual figures and published YTD figures
  • No exceptional items during the quarter
  • Joint Venture: Mahindra MSTC Recycling Private Limited contributed share of profit of ₹9.93 Lakhs
  • Legal contingency: ₹4,361.97 Lakhs disclosed simultaneously as Borrowings and Trade Receivables pending outcome of cases against Standard Chartered Bank