Summary of Key Information:

Reporting Period: Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results

Audit Opinion:

Clean opinion - Limited Review Report from DHC & Co. states nothing has come to their attention that causes them to believe the statement contains any material misstatement.

Key Financial Highlights [₹ Crore]:

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹1,273.80 (vs. ₹1,143.90 in Q2 FY26, +11.4% YoY)
  • Total Income: ₹1,286.91 (vs. ₹1,151.62 in Q2 FY26)
  • Net Profit: ₹15.89 (vs. ₹24.96 in Q2 FY26, -36.3% YoY)
  • EPS: ₹1.10 (vs. ₹1.73 in Q2 FY26)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹2,599.48 (vs. ₹2,246.29 in H1 FY26, +15.7% YoY)
  • Total Income: ₹2,724.77 (vs. ₹2,296.50 in H1 FY26)
  • Net Profit: ₹77.22 (vs. ₹60.43 in H1 FY26, +27.8% YoY)
  • EPS: ₹5.34 (vs. ₹4.18 in H1 FY26)

Financial Position (Standalone as of September 30, 2026):

  • Cash and Cash Equivalents: ₹9.51 crore (vs. ₹15.36 crore as of March 31, 2026)
  • Total Debt: Short-term borrowings ₹1,443.66 crore + Long-term borrowings ₹205.63 crore = ₹1,649.29 crore
  • Other Equity: ₹1,581.98 crore (vs. ₹1,549.03 crore as of March 31, 2026)

Consolidated Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹1,315.15 (vs. ₹1,160.62 in Q2 FY26, +13.3% YoY)
  • Total Income: ₹1,320.47 (vs. ₹1,163.38 in Q2 FY26)
  • Net Profit: ₹4.30 (vs. ₹9.88 in Q2 FY26, -56.5% YoY)
  • EPS: ₹0.30 (vs. ₹0.68 in Q2 FY26)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹2,677.36 (vs. ₹2,289.33 in H1 FY26, +16.9% YoY)
  • Total Income: ₹2,787.72 (vs. ₹2,330.77 in H1 FY26)
  • Net Profit: ₹61.66 (vs. ₹38.91 in H1 FY26, +58.5% YoY)
  • EPS: ₹4.27 (vs. ₹2.68 in H1 FY26)

Segment-wise Performance [₹ Crore]:

Specialty Steel Segment:

  • Q2 FY27 Revenue: ₹1,261.24 (vs. ₹1,138.72 in Q2 FY26)
  • Q2 FY27 Segment Result: ₹41.88 (vs. ₹66.82 in Q2 FY26)
  • H1 FY27 Revenue: ₹2,582.70 (vs. ₹2,238.20 in H1 FY26)
  • H1 FY27 Segment Result: ₹131.07 (vs. ₹107.45 in H1 FY26)

Industrial Machinery & Engineering Contracts Segment:

  • Q2 FY27 Revenue: ₹53.91 (vs. ₹23.73 in Q2 FY26)
  • Q2 FY27 Segment Result: ₹(2.35) (vs. ₹(8.86) in Q2 FY26)
  • H1 FY27 Revenue: ₹94.66 (vs. ₹52.96 in H1 FY26)
  • H1 FY27 Segment Result: ₹(0.22) (vs. ₹(11.61) in H1 FY26)

Corporate Actions:

Not Specified

Other Significant Information:

  • During Q1 FY27, the company executed conveyance deed for sale of land admeasuring approximately 3.07 acres at Kalwe and 50% undivided share of 0.06 acres at Dighe
  • The resultant surplus from this land sale has been included in Other Income
  • Figures for previous periods have been regrouped/recast wherever necessary
  • The consolidated results include Mukand Limited (Parent), Mukand Sumi Metal Processing Limited (Subsidiary), Mukand Heavy Engineering Limited (Subsidiary), Hospet Steels Limited (Joint venture), and Bombay Forgings Limited (Associate)