Financial Results Analysis
Balance Sheet Position (Amount in ₹ Lakhs)
Total Equity & Liabilities increased to ₹9,544.96 lakhs (Sep 2026) from ₹6,003.29 lakhs (Sep 2025), comprising:
- Share Capital: ₹2,082.23 lakhs (vs ₹1,394.63 lakhs)
- Reserves and Surplus: ₹5,879.52 lakhs (vs ₹2,128.27 lakhs)
- Long-Term Borrowings: ₹155.42 lakhs (vs ₹722.97 lakhs)
- Short-Term Borrowings: ₹810.40 lakhs (vs ₹905.06 lakhs)
Total Assets stood at ₹9,544.96 lakhs, including:
- Property, Plant and Equipment: ₹1,224.78 lakhs (vs ₹994.24 lakhs)
- Inventories: ₹3,369.94 lakhs (vs ₹2,939.71 lakhs)
- Trade Receivables: ₹2,934.00 lakhs (vs ₹1,645.67 lakhs)
- Cash and Cash Equivalents: ₹1,319.09 lakhs (vs ₹97.40 lakhs)
Profit & Loss Statement (Amount in ₹ Lakhs)
Revenue from Operations increased to ₹5,103.87 lakhs (Sep 2026) from ₹3,819.27 lakhs (Sep 2025), a 33.6% growth.
Other Income was ₹16.88 lakhs (vs ₹4.91 lakhs).
Total Expenses were ₹4,433.24 lakhs, including:
- Cost of Materials Consumed: ₹3,980.77 lakhs
- Employee Benefit Expense: ₹388.69 lakhs
- Financial Costs: ₹28.94 lakhs
- Depreciation: ₹156.00 lakhs
Profit Before Tax stood at ₹687.51 lakhs (vs ₹485.33 lakhs YoY).
Tax Expense was ₹178.75 lakhs (Current Tax).
Net Profit for the period was ₹508.76 lakhs (vs ₹359.15 lakhs YoY), a 41.6% increase.
Earnings Per Share (Basic and Diluted) was ₹2.44 (vs ₹2.58 YoY).
Segment-wise Performance (Amount in ₹ Lakhs)
Automotive & Engineering Service segment:
- Revenue: ₹2,706.99 lakhs
- Profit Before Tax: ₹274.89 lakhs
- Net Profit: ₹203.42 lakhs
Logistics & Equipment Rental Service segment:
- Revenue: ₹2,396.87 lakhs
- Profit Before Tax: ₹412.62 lakhs
- Net Profit: ₹305.34 lakhs
Cash Flow Statement (Amount in ₹ Lakhs)
Net Cash from Operating Activities was negative ₹899.95 lakhs, primarily due to working capital changes and tax payments of ₹750.59 lakhs.
Net Cash used in Investing Activities was ₹404.83 lakhs for purchase of tangible assets.
Net Cash from Financing Activities was ₹2,520.47 lakhs, mainly from increase in share capital (₹687.60 lakhs) and other cash inflows (₹2,163.00 lakhs).
Net increase in Cash was ₹1,215.69 lakhs, with ending balance of ₹1,319.09 lakhs.
IPO Proceeds Utilization
As per the certificate from D Chawla & Associates (FRN: 0017217N), the utilization of IPO proceeds totaling ₹3,300 lakhs as of September 30, 2026, was:
- Object 1 (Capex for RMC machinery and DG sets): ₹0 utilized of ₹1,000.00 lakhs (unutilized due to recent listing on September 4, 2026)
- Object 2 (Debt repayment): ₹310.00 lakhs fully utilized
- Object 3 (Working capital): ₹1,000.00 lakhs fully utilized
- Object 4 (General corporate purpose): ₹495.00 lakhs fully utilized
- Object 5 (Issue expenses): ₹495.00 lakhs fully utilized
Total utilized: ₹2,300.00 lakhs; Unutilized: ₹1,000.00 lakhs