Board Meeting Details

The Board of Directors meeting was held on Thursday, October 29, 2026, at 3:00 p.m. at the company's registered office in Hyderabad. The meeting concluded at 4:00 p.m.

Key Financial Results (Amounts in INR millions)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Revenue from Operations: ₹4,067.65 (vs ₹3,607.21 in Q2 FY26)
  • Sale of Products: ₹4,016.86 (vs ₹3,558.92)
  • Other Operating Revenue: ₹50.79 (vs ₹48.29)
  • Other Income: ₹85.15 (vs ₹78.87)
  • Total Income: ₹4,152.80 (vs ₹3,686.08)
  • Total Expenses: ₹3,350.01 (vs ₹3,012.06)
  • Cost of Materials Consumed: ₹2,283.08 (vs ₹2,043.19)
  • Employee Benefit Expenses: ₹497.02 (vs ₹465.20)
  • Finance Costs: ₹162.42 (vs ₹158.47)
  • Depreciation and Amortization: ₹111.49 (vs ₹96.92)
  • Other Expenses: ₹414.73 (vs ₹326.44)
  • Profit Before Exceptional Items and Tax: ₹802.79 (vs ₹674.02)
  • Exceptional Items: None in current quarter (vs none in Q2 FY26)
  • Profit Before Tax: ₹802.79 (vs ₹674.02)
  • Tax Expense: ₹204.47 (vs ₹171.75)
  • Current Tax: ₹187.03 (vs ₹151.39)
  • Deferred Tax: ₹17.44 (vs ₹20.36)
  • Net Profit for the Period: ₹598.32 (vs ₹502.27)
  • Earnings Per Share (Basic and Diluted): ₹19.45 (vs ₹16.33)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue from Operations: ₹7,674.86 (vs ₹2,921.77 in H1 FY26)
  • Other Income: ₹164.02 (vs ₹42.90)
  • Total Income: ₹7,838.88 (vs ₹2,964.67)
  • Total Expenses: ₹6,362.08 (vs ₹2,759.79)
  • Profit Before Exceptional Items and Tax: ₹1,476.80 (vs ₹204.88)
  • Profit Before Tax: ₹1,476.80 (vs ₹204.88)
  • Tax Expense: ₹376.22 (vs not fully comparable due to restatement)
  • Net Profit for the Period: ₹1,100.58 (vs not fully comparable due to restatement)
  • Earnings Per Share (Basic and Diluted): ₹35.78 (vs ₹4.90)

Subsidiary Amalgamation

Subsequent to the period end, on October 28, 2026, the Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench-II approved a Scheme of Amalgamation of Gee Pee Aerospace and Defence Private Limited and Magnatar Aero Systems Private Limited (wholly owned subsidiaries) with MTAR Technologies Limited with effect from April 1, 2025.

The company has accounted for this merger under the "pooling of interests" method for common control transactions as per the requirements of Appendix C to Ind AS 103 "Business Combinations." In accordance with Ind AS 103, the company has restated the figures for all past periods presented in these financial results. The impact of this restatement is not material.

As both subsidiaries have been merged with the company, no consolidated financial statement is required to be prepared.

Balance Sheet Position (as at September 30, 2026)

  • Total Assets: ₹23,281.90 million (vs ₹17,434.25 million as at March 31, 2026)
  • Non-current Assets: ₹6,378.08 million
  • Current Assets: ₹14,445.67 million
  • Inventories: ₹6,787.64 million
  • Trade Receivables: ₹2,858.47 million
  • Investments in Mutual Funds: ₹3,619.97 million
  • Equity: ₹9,326.45 million
  • Equity Share Capital: ₹307.59 million (face value ₹10 per share)
  • Other Equity: ₹9,018.86 million
  • Non-current Liabilities: ₹1,998.12 million
  • Current Liabilities: ₹11,957.33 million

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net Cash from Operating Activities: ₹3,499.72 million
  • Net Cash Used in Investing Activities: ₹(4,073.23) million
  • Purchase of Property, Plant and Equipment: ₹(2,730.50) million
  • Investment in Mutual Funds: ₹(6,063.09) million
  • Redemption from Mutual Funds: ₹4,719.40 million
  • Net Cash from Financing Activities: ₹566.42 million
  • Proceeds from Long-term Borrowings: ₹308.28 million
  • Repayment of Long-term Borrowings: ₹(329.74) million
  • Proceeds from Short-term Borrowings: ₹992.54 million
  • Net Decrease in Cash and Cash Equivalents: ₹(7.09) million
  • Cash and Cash Equivalents at Period End: ₹2.87 million

Auditor Review

The unaudited financial results were reviewed by S.R. Batliboi & Associates LLP, Chartered Accountants (ICAI Firm registration number: 101049W/E300004), who issued a review report stating that nothing has come to their attention that causes them to believe that the statement contains any material misstatement.

Additional Information

  • The company's business activity falls within a single line of business segment in terms of Ind AS 108 "Operating Segments"
  • Exceptional item for year ended March 31, 2026 was ₹37.67 million for employee benefits due to implementation of New Labour Codes
  • The financial results have been prepared in accordance with Indian Accounting Standards and Regulation 33 of SEBI LODR