The financial results were reviewed by the Audit Committee and approved by the Board, together with the Limited Review Report issued by M/s. Shetty Naik and Associates, Chartered Accountants, Statutory Auditor of the Company.

Standalone Financial Highlights (Half-Year Ended September 30, 2026)

  • Revenue from operations: ₹5,823.17 lakhs (compared to ₹3,780.44 lakhs in H1 FY26)
  • Other income: ₹3.23 lakhs (compared to ₹21.42 lakhs in H1 FY26)
  • Total income: ₹5,826.40 lakhs
  • EBITDA: ₹1,420.57 lakhs (compared to ₹1,022.10 lakhs in H1 FY26)
  • Profit before tax: ₹881.25 lakhs (compared to ₹655.89 lakhs in H1 FY26)
  • Tax expense: ₹254.07 lakhs
  • Net profit: ₹627.18 lakhs (compared to ₹496.75 lakhs in H1 FY26)
  • Basic EPS: ₹2.72 (compared to ₹2.24 in H1 FY26)
  • Diluted EPS: ₹2.72 (compared to ₹2.24 in H1 FY26)

Balance Sheet Position (Standalone as at September 30, 2026)

  • Total equity: ₹17,603.21 lakhs (compared to ₹7,588.09 lakhs as at March 31, 2026)
  • Total liabilities: ₹7,650.07 lakhs (compared to ₹6,511.11 lakhs as at March 31, 2026)
  • Total assets: ₹25,253.29 lakhs (compared to ₹14,099.19 lakhs as at March 31, 2026)
  • Cash and bank balances: ₹9,846.63 lakhs (significant increase from ₹463.30 lakhs as at March 31, 2026)

Consolidated Financial Highlights (Half-Year Ended September 30, 2026)

  • Revenue from operations: ₹7,804.98 lakhs
  • Other income: ₹13.87 lakhs
  • Profit before tax: ₹1,205.03 lakhs
  • Tax expense: ₹329.85 lakhs
  • Net profit: ₹875.18 lakhs
  • Profit attributable to owners: ₹813.11 lakhs
  • Profit attributable to minority interest: ₹62.07 lakhs
  • Basic EPS: ₹3.53
  • Diluted EPS: ₹3.53

Auditor's Qualification

The statutory auditor, Shetty Naik & Associates, issued a qualified review report stating: "The Company has not provided for interest payable on delayed and outstanding payments to suppliers registered under Micro, Small and Medium Act, 2006. Further, the data related to delay in payments to such suppliers is not readily made available for verification and therefore, we could not quantify the impact of above qualification on the Profit & Loss Account for the period ended 30th September 2026."

This qualification applies to both standalone and consolidated financial results.

IPO Proceeds Utilization

The company completed its Initial Public Offering (IPO) on September 18, 2026, issuing 1,16,67,200 equity shares of ₹5 each at a premium of ₹85 each (issue price of ₹90 per share), raising ₹10,500.48 lakhs.

Utilization as of September 30, 2026:

  • Issue expenses: ₹883.60 lakhs utilized of ₹1,000.99 lakhs allocated
  • Capital expenditure for new factory: ₹102.89 lakhs utilized of ₹7,466.36 lakhs allocated
  • Prepayment of loan: ₹0 utilized of ₹1,400.00 lakhs allocated
  • General corporate purposes: ₹162.79 lakhs utilized of ₹633.13 lakhs allocated
  • Total utilized: ₹1,149.28 lakhs
  • Total unutilized: ₹9,351.20 lakhs (invested in fixed deposits and public issue account)

Segment Performance (H1 FY27)

The company operates in two business segments:

1. Manufacturing & Sale of Moulds & Hot Runner System: Revenue ₹4,908.46 lakhs, EBITDA ₹1,446.33 lakhs

2. Manufacturing & Sale of Cleaning Products (Wondra brand): Revenue ₹914.71 lakhs, EBITDA loss of ₹25.76 lakhs

The Moulds segment contributed significantly to profitability while the Cleaning Products segment reported losses.

Capital Structure Changes

The company underwent several capital structure changes:

  • Split of equity shares from face value of ₹100 to ₹10 vide shareholder resolution dated August 3, 2024
  • Further subdivision to face value of ₹5 vide shareholder resolution dated December 16, 2025
  • Issued 1,85,09,020 bonus shares vide shareholder resolution dated December 16, 2025
  • EPS has been restated based on revised face value and number of equity shares post bonus

Cash Flow Statement (Standalone)

  • Net cash used in operating activities: ₹579.74 lakhs
  • Net cash used in investing activities: ₹10,169.73 lakhs (primarily due to fixed deposit investments of ₹9,020.50 lakhs)
  • Net cash from financing activities: ₹11,114.45 lakhs (primarily from IPO proceeds of ₹10,500.48 lakhs)
  • Net increase in cash: ₹364.98 lakhs