Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting and Unaudited Standalone Financial Results
Audit Opinion:
Clean opinion - Limited Review Report issued by M/s. CKS Associates LLP, Statutory Auditors, with no modifications or qualifications. The review found nothing to indicate material misstatement in the financial results.
Key Financial Highlights [Rs. in Lakhs]:
Standalone Results:
Revenue from Operations: ₹1,743.64 (Q1 FY27) vs ₹2,456.90 (Q1 FY26) - 29.0% decrease YoY
Total Income: ₹1,783.33 (Q1 FY27) vs ₹2,505.87 (Q1 FY26) - 28.8% decrease YoY
EBITDA: ₹150.76 (as disclosed in notes)
Net Profit/(Loss): (₹1,510.64) (Q1 FY27) vs (₹880.53) (Q1 FY26) - Loss widened by 71.6% YoY
EPS (Basic): (₹2.90) (Q1 FY27) vs (₹1.85) (Q1 FY26)
EPS (Diluted): (₹2.60) (Q1 FY27) vs (₹1.61) (Q1 FY26)
Other Equity (Reserves excluding revaluation): ₹74.73 (Q1 FY27) vs (₹873.14) (Q1 FY26)
Financial Position:
Paid-up Equity Share Capital: ₹5,618.45 (Face value ₹10 per share)
Reserves excluding revaluation reserves: ₹74.73
Expense Analysis:
Cost of materials consumed: ₹928.36
Employee benefits expenses: ₹300.24
Finance Cost: ₹16.24
Depreciation and amortization expenses: ₹1,658.87
Stores, Spares and Tools consumed: ₹66.20
Power and Fuel: ₹84.09
Other expenses: ₹303.52
Total expenses: ₹3,307.69
Segment-wise Performance [Rs. in Lakhs]:
Segment Revenue:
- Drill Pipe and Allied Products: ₹1,731.41
- OCTG Sales: ₹12.22
- OCTG Services: Not specified
- Other Sales and Services: Not specified
Total Segment Revenue: ₹1,743.64
Segment Results (Profit/Loss before Interest and Tax):
- Drill Pipe and Allied Products: (₹1,536.96)
- OCTG Sales: (₹10.85)
- OCTG Services: Not specified
- Other Sales and Services: Not specified
Total Segment Results: (₹1,547.81)
Unallocable Income/(Expenses) - Net: ₹23.45
Segment Assets:
Total Segment Assets: ₹1,405.20
Un-allocable Assets: ₹28,977.26
Total Assets: ₹30,382.46
Segment Liabilities:
Total Segment Liabilities: ₹219.14
Un-allocable Liabilities: ₹10,307.43
Total Liabilities: ₹10,526.57
Corporate Actions:
The company issued and allotted 41,95,000 equity shares of face value of ₹10 each fully paid up pursuant to conversion of OCPS (Oil Country Preference Shares) to Equity Shares at a premium of ₹55 per share on June 18, 2026. This increased the paid-up capital from ₹5,198.95 lakhs to ₹5,618.45 lakhs.
Other Significant Information:
The company does not have any subsidiary companies.
The segment reporting is done as per IND AS 108.
Tax expenses include deferred tax of (₹370.18) for the current quarter.