Financial Performance Highlights (Quarterly)

Quarter Ended September 30, 2026 (Unaudited):

  • Revenue from Operations: ₹10,674.85 lakhs (₹106.75 crore)
  • Other Income: ₹89.58 lakhs
  • Total Income: ₹10,764.43 lakhs
  • Profit Before Tax: ₹664.49 lakhs
  • Tax Expense: ₹160.44 lakhs (Current Tax: ₹191.63 lakhs, Deferred Tax: ₹-31.19 lakhs)
  • Profit for the Period: ₹504.05 lakhs (₹5.04 crore)
  • Other Comprehensive Loss: ₹-40.39 lakhs
  • Total Comprehensive Income: ₹463.66 lakhs
  • Basic EPS: ₹2.64 (not annualized)
  • Diluted EPS: ₹2.64 (not annualized)

Comparative Quarterly Performance:

  • Revenue increased 15.2% YoY from ₹9,263.21 lakhs in Q2 FY26
  • Profit significantly improved from ₹55.47 lakhs in Q2 FY26
  • EPS improved from ₹0.29 in Q2 FY26

Financial Performance Highlights (Half-Yearly)

Half-Year Ended September 30, 2026 (Unaudited):

  • Revenue from Operations: ₹20,071.69 lakhs (₹200.72 crore)
  • Other Income: ₹153.40 lakhs
  • Total Income: ₹20,225.09 lakhs
  • Profit Before Tax: ₹1,244.15 lakhs
  • Tax Expense: ₹306.42 lakhs (Current Tax: ₹376.04 lakhs, Deferred Tax: ₹-69.62 lakhs)
  • Profit for the Period: ₹937.73 lakhs (₹9.38 crore)
  • Other Comprehensive Loss: ₹-80.79 lakhs
  • Total Comprehensive Income: ₹856.94 lakhs
  • Basic EPS: ₹4.92 (not annualized)
  • Diluted EPS: ₹4.92 (not annualized)

Comparative Half-Year Performance:

  • Revenue increased 11.4% YoY from ₹18,017.25 lakhs in H1 FY26
  • Profit turned positive from loss of ₹-136.99 lakhs in H1 FY26
  • EPS turned positive from ₹-0.72 in H1 FY26

Expense Analysis (Quarterly)

  • Cost of Materials Consumed: ₹6,407.28 lakhs
  • Change in Inventories: ₹461.63 lakhs
  • Employee Benefits Expense: ₹627.35 lakhs
  • Finance Costs: ₹108.94 lakhs
  • Depreciation & Amortization: ₹201.25 lakhs
  • Power & Fuel: ₹1,396.45 lakhs
  • Other Expenses: ₹897.04 lakhs
  • Total Expenses: ₹10,099.94 lakhs

Balance Sheet Position (as at September 30, 2026)

Assets:

  • Total Assets: ₹23,861.71 lakhs (increased from ₹22,441.00 lakhs as at March 31, 2026)
  • Non-Current Assets: ₹5,102.33 lakhs (Property, Plant & Equipment: ₹4,890.91 lakhs)
  • Current Assets: ₹18,759.38 lakhs (Inventories: ₹13,180.45 lakhs, Trade Receivables: ₹5,009.56 lakhs)
  • Cash and Cash Equivalents: ₹172.24 lakhs

Equity & Liabilities:

  • Total Equity: ₹15,926.44 lakhs (increased from ₹15,069.49 lakhs)
  • Equity Share Capital: ₹1,907.83 lakhs (unchanged)
  • Other Equity: ₹14,018.61 lakhs (increased from ₹13,161.66 lakhs)
  • Non-Current Liabilities: ₹667.74 lakhs
  • Current Liabilities: ₹7,267.53 lakhs (Borrowings: ₹3,976.57 lakhs, Trade Payables: ₹2,219.79 lakhs)

Cash Flow Statement (Half-Year Ended September 30, 2026)

  • Cash from Operating Activities: ₹1.72 lakhs
  • Cash used in Investing Activities: ₹-100.84 lakhs
  • Cash from Financing Activities: ₹242.13 lakhs
  • Net increase in Cash: ₹143.01 lakhs
  • Cash at beginning: ₹29.23 lakhs
  • Cash at end: ₹172.24 lakhs

Additional Information

  • The company operates in a single business segment: manufacturing of Stainless Steel Long Products
  • Paid-up Equity Share Capital: ₹1,907.83 lakhs (face value ₹10 per share)
  • Financial results prepared in accordance with Indian Accounting Standard 34 (Ind AS 34)
  • Auditors issued an unqualified review report confirming compliance with accounting standards and SEBI regulations