Financial Performance Highlights (₹ in Lakhs)

Income Statement:

  • Revenue from Operations: FY26 ₹23,371.10 vs FY25 ₹25,725.39 (decline of ₹2,354.29 lakh)
  • Other Income: FY26 ₹151.07 vs FY25 ₹349.02
  • Total Revenue: FY26 ₹23,522.18 vs FY25 ₹26,074.41
  • Employee benefit expenses: FY26 ₹632.23 vs FY25 ₹490.09
  • Finance Cost: FY26 ₹544.09 vs FY25 ₹564.05
  • Depreciation and amortisation: FY26 ₹276.47 vs FY25 ₹443.01
  • Project and Other expenses: FY26 ₹21,086.62 vs FY25 ₹23,262.84
  • Profit before tax: FY26 ₹995.27 vs FY25 ₹983.77
  • Profit after tax: FY26 ₹628.84 vs FY25 ₹667.05 (decline of ₹38.21 lakh)
  • Basic/Diluted EPS: FY26 ₹4.59 vs FY25 ₹6.67
  • Weighted average number of equity shares: 13,700,000 (FY26) vs 10,000,000 (FY25)

Half-Yearly Performance (H2 FY26):

  • Revenue from Operations: ₹10,825.63
  • Other Income: ₹83.80
  • Total Revenue: ₹10,909.43
  • Profit before tax: ₹295.56
  • Profit after tax: ₹175.38
  • Basic/Diluted EPS: ₹1.28

Balance Sheet Position (as at March 31, 2026):

  • Share Capital: ₹1,370.00 lakh (vs ₹1,000.00 lakh in FY25)
  • Reserves and Surplus: ₹5,403.68 lakh (vs ₹995.05 lakh in FY25)
  • Total Shareholder's funds: ₹6,773.68 lakh (vs ₹1,995.05 lakh in FY25)
  • Long-term Borrowings: ₹2,595.75 lakh (vs ₹2,980.29 lakh in FY25)
  • Total Assets: ₹16,312.23 lakh (vs ₹11,775.08 lakh in FY25)
  • Property, Plant and Equipment: ₹4,900.12 lakh (vs ₹3,632.04 lakh in FY25)
  • Capital WIP: ₹1,255.76 lakh (vs nil in FY25)
  • Non-current Investments: ₹600.00 lakh (vs nil in FY25)
  • Trade Receivables: ₹6,580.25 lakh (vs ₹6,522.14 lakh in FY25)

Cash Flow Statement (FY26):

  • Net cash from operating activities: ₹450.52 lakh
  • Net cash used in investing activities: ₹(3,564.37) lakh
  • Net cash from financing activities: ₹3,107.66 lakh
  • Cash and cash equivalents: ₹11.20 lakh (cash in hand) + ₹0.20 lakh (current account) + ₹6.85 lakh (Escrow Account-IPO) + ₹3.62 lakh (other bank balances)

Segment Information:

The company operates in two geographical segments: Domestic Operations (India) and Export Operations (Outside India).

  • Total Segment Revenue: FY26 ₹23,371.10 lakh (Domestic: ₹17,826.38 lakh, Export: ₹5,544.72 lakh)
  • Total Segment Expenses: FY26 ₹20,113.34 lakh
  • Segment Results: FY26 Profit before tax ₹3,257.76 lakh

IPO Proceeds Utilization:

The company completed its Initial Public Offering of 37,00,000 equity shares of face value ₹10 each at premium of ₹116 per share aggregating to ₹4,662.00 lakh. The funds were utilized as follows:

  • Capital expenditure towards acquiring machinery: ₹3,394.15 lakh
  • Funding towards Repayment of Loan: ₹200.00 lakh
  • General Corporate Purpose: ₹602.96 lakh
  • Issue Related Expenses: ₹464.89 lakh
  • Total utilized: ₹4,662.00 lakh
  • Unutilized funds: ₹6.85 lakh in separate bank account

Auditor's Report:

J. S. Maheshwari & Co., Chartered Accountants issued an unmodified opinion stating that the financial results:

  • Are presented in accordance with Regulation 33 of SEBI Listing Regulations
  • Give a true and fair view in conformity with applicable Accounting Standards
  • Include results for half year ended March 31, 2026 as balancing figure between audited FY26 figures and published YTD figures up to September 30, 2025

Compliance Statement:

The company confirmed no deviation/variation in utilization of funds raised through IPO. All funds were used for the purposes for which they were raised.