Financial Performance Highlights

H1 FY2027 (Unaudited) vs H1 FY2026 (Unaudited):

  • Revenue from Operations: ₹5,103.87 lakh (vs ₹3,819.27 lakh) - 33.6% growth
  • Other Income: ₹16.88 lakh (vs ₹4.91 lakh)
  • Total Revenue: ₹5,120.75 lakh (vs ₹3,824.18 lakh)
  • Profit Before Tax: ₹687.51 lakh (vs ₹485.33 lakh) - 41.7% growth
  • Profit After Tax: ₹508.76 lakh (vs ₹359.15 lakh) - 41.7% growth
  • Basic EPS: ₹2.44 (vs ₹2.58)

Expense Breakdown H1 FY2027:

  • Cost of Materials Consumed: ₹3,980.77 lakh
  • Changes in Inventories: (₹428.61) lakh
  • Employee Benefit Expense: ₹388.69 lakh
  • Financial Costs: ₹28.94 lakh (87% decrease YoY)
  • Depreciation and Amortization: ₹156.00 lakh
  • Other Expenses: ₹307.45 lakh

Segment-wise Performance H1 FY2027

Automotive & Engineering Service:

  • Revenue: ₹2,715.43 lakh (38% growth YoY)
  • Profit Before Tax: ₹274.89 lakh (42% growth YoY)
  • Profit After Tax: ₹203.42 lakh (42% growth YoY)

Logistics & Equipment Rental Service:

  • Revenue: ₹2,405.32 lakh (29% growth YoY)
  • Profit Before Tax: ₹412.62 lakh (41% growth YoY)
  • Profit After Tax: ₹305.34 lakh (41% growth YoY)

Balance Sheet Position (as at September 30, 2026)

Equity & Liabilities:

  • Share Capital: ₹2,082.23 lakh
  • Reserves and Surplus: ₹5,879.52 lakh
  • Net Worth: ₹7,962 lakh (126% increase YoY)
  • Long-Term Borrowings: ₹155.42 lakh
  • Short-Term Borrowings: ₹810.40 lakh
  • Total Debt: ₹966 lakh (41% decrease YoY)
  • Debt/Equity Ratio: 0.12x (improved from 0.46x)

Assets:

  • Property, Plant and Equipment: ₹1,224.78 lakh
  • Inventories: ₹3,369.94 lakh
  • Trade Receivables: ₹2,934.00 lakh
  • Cash and Cash Equivalents: ₹1,319.09 lakh (13.6x increase from ₹97.40 lakh)
  • Other Current Assets: ₹595.20 lakh

Operational Highlights

  • Company serves telecom, construction and automobile sectors with pan-India operations across 30+ states & UTs
  • Manages 60,000+ nodes on telecom sites across 14+ states
  • Equipment rental fleet includes 92 transit mixers, 13 concrete pumps, 23 logistics trucks
  • Serves 20,000+ retail and corporate customers
  • Revenue distribution typically 40:60 between H1 and H2
  • Interest coverage ratio improved to 24.8x (from 3.2x)
  • Current ratio strengthened to 6.2x

Management Commentary

Mr. Navin Katiyar, Promoter & Managing Director, stated:

  • Balance sheet transformed post-IPO with net worth rising to ₹7,962 lakh
  • Total debt reduced by 41% to ₹966 lakh
  • Cash reserves increased to ₹1,319 lakh, becoming net cash positive from net debt of ₹1,531 lakh a year ago
  • Finance costs fell 87% with interest cover now at 24.8x
  • Guidance for approximately 25% growth in Revenue and PAT for FY2027
  • Expects higher growth in FY2028 as IPO proceeds are fully utilized

Historical Financial Performance (FY23-FY26)

  • Revenue from Operations: FY23 ₹9,225.57 lakh, FY24 ₹10,073.54 lakh, FY25 ₹10,281.00 lakh, FY26 ₹11,109.40 lakh
  • PAT: FY23 ₹217.83 lakh, FY24 ₹343.33 lakh, FY25 ₹963.38 lakh, FY26 ₹1,406.09 lakh
  • EBITDA Margin: Improved from 16.06% (FY23) to 22.59% (FY26)
  • PAT Margin: Improved from 2.36% (FY23) to 12.66% (FY26)