National Fittings Limited
Financial Performance (Quarter Ended June 30, 2026)
Income Statement (₹ in Lakhs):
- Net sales (Net of Taxes): ₹2,713.36 lakhs
- Other Income: ₹93.35 lakhs
- Total Income from Operations: ₹2,806.71 lakhs
Expenditure Breakdown:
- Cost of material consumed: ₹1,278.03 lakhs
- Changes in inventories: (₹218.87) lakhs (negative indicates decrease)
- Employee Benefits Expense: ₹281.56 lakhs
- Finance Cost: ₹29.72 lakhs
- Depreciation and amortization: ₹75.91 lakhs
- Consumption of Stores & Consumables: ₹281.93 lakhs
- Other expenses: ₹566.79 lakhs
- Total Expenditure: ₹2,285.08 lakhs
Profitability:
- Profit from Operations before exceptional items: ₹521.63 lakhs
- Exceptional items: None
- Profit before tax: ₹521.63 lakhs
Tax Expenses:
- Current Tax: ₹137.85 lakhs
- Deferred Tax Income: (₹10.17) lakhs (negative indicates income)
- Total Tax: ₹127.68 lakhs
Net Results:
- Net Profit for the period: ₹393.95 lakhs
- Other Comprehensive Income: None for current quarter
- Net Profit after other Comprehensive Income: ₹393.95 lakhs
Comparative Performance
Quarter-over-Quarter Comparison (₹ in Lakhs):
- Net sales increased from ₹2,354.11 lakhs (Mar 2026) to ₹2,713.36 lakhs (Jun 2026)
- Net profit increased from ₹171.84 lakhs (Mar 2026) to ₹393.95 lakhs (Jun 2026)
Year-over-Year Comparison (₹ in Lakhs):
- Net sales increased from ₹2,058.19 lakhs (Jun 2025) to ₹2,713.36 lakhs (Jun 2026)
- Net profit increased from ₹262.25 lakhs (Jun 2025) to ₹393.95 lakhs (Jun 2026)
Capital Structure and Metrics
- Paid up equity share capital (Face value ₹10): ₹908.32 lakhs (unchanged from previous periods)
- Reserves excluding revaluation reserves: ₹8,390.95 lakhs (increased from ₹7,997.00 lakhs in Mar 2026)
- Earnings per share (EPS): ₹4.34 (basic and diluted, both before and after extraordinary items)
Corporate Developments
Amalgamation Scheme:
The Board of Directors approved the Scheme of Amalgamation of Banil Castings Private Limited (Transferor Company-1) and AVISA Private Limited (Transferor Company-2) with National Fittings Limited (Transferee Company) at their meeting held on May 22, 2026.
Current Status:
- Draft scheme submitted to BSE Limited for No Objection Letter/Observation Letter under SEBI Regulations
- Scheme will become effective only after:
- Receipt of Observation Letter from BSE
- Approval of shareholders and creditors
- Sanction of the Hon'ble National Company Law Tribunal
Operational and Accounting Notes
- The company operates in a single business segment: Manufacturing of Pipe Fittings
- Previous year figures have been regrouped wherever necessary
- Provision for Gratuity/Leave encashment made on estimated basis pending actuarial valuation
- GST excluded from revenue presentation in accordance with IND-AS-18
- Results reviewed by Audit Committee and approved by Board on August 5, 2026
- Statutory auditors conducted limited review with no qualifications/modifications
- No extraordinary items reported for the period