The financial results, reviewed by statutory auditors CNK & Associates LLP, show significant improvement in performance:

Quarterly Performance (Q2 FY2026)

  • Revenue from Operations: ₹10,674.85 lakhs (₹106.75 crore), up from ₹9,263.21 lakhs in Q2 FY2025
  • Total Income: ₹10,764.43 lakhs
  • Profit Before Tax: ₹664.49 lakhs, compared to ₹79.03 lakhs in Q2 FY2025
  • Tax Expense: ₹160.44 lakhs (Current Tax: ₹191.63 lakhs, Deferred Tax: ₹-31.19 lakhs)
  • Net Profit: ₹504.05 lakhs (₹5.04 crore), up from ₹55.47 lakhs in Q2 FY2025
  • Basic EPS: ₹2.64 (not annualized)

Half-Yearly Performance (H1 FY2026)

  • Revenue from Operations: ₹20,071.69 lakhs (₹200.72 crore), up from ₹18,017.25 lakhs in H1 FY2025
  • Total Income: ₹20,225.09 lakhs
  • Profit Before Tax: ₹1,244.15 lakhs, reversing from loss of ₹183.15 lakhs in H1 FY2025
  • Tax Expense: ₹306.42 lakhs (Current Tax: ₹376.04 lakhs, Deferred Tax: ₹-69.62 lakhs)
  • Net Profit: ₹937.73 lakhs (₹9.38 crore), reversing from loss of ₹136.99 lakhs in H1 FY2025
  • Basic EPS: ₹4.92 (not annualized)

Key Expense Items (H1 FY2026)

  • Cost of Materials Consumed: ₹12,837.73 lakhs
  • Employee Benefits Expense: ₹1,253.98 lakhs
  • Finance Costs: ₹211.55 lakhs
  • Depreciation & Amortization: ₹401.36 lakhs
  • Power & Fuel: ₹2,672.33 lakhs
  • Other Expenses: ₹1,754.82 lakhs

Balance Sheet Position (as of September 30, 2026)

  • Total Assets: ₹23,861.71 lakhs (increased from ₹22,441.00 lakhs as of March 31, 2026)
  • Inventories: ₹13,180.45 lakhs
  • Trade Receivables: ₹5,009.56 lakhs
  • Cash and Cash Equivalents: ₹172.24 lakhs
  • Total Equity: ₹15,926.44 lakhs
  • Borrowings: ₹3,976.57 lakhs
  • Trade Payables: ₹2,219.79 lakhs (including ₹85.71 lakhs due to Micro and Small Enterprises)

Cash Flow Statement (H1 FY2026)

  • Net Cash from Operating Activities: ₹1.72 lakhs
  • Net Cash used in Investing Activities: ₹-100.84 lakhs
  • Net Cash from Financing Activities: ₹242.13 lakhs
  • Net increase in Cash & Cash Equivalents: ₹143.01 lakhs

The company is engaged in the manufacturing of Stainless Steel Long Products, which constitutes a single reportable segment. The financial results have been prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and comply with Regulation 33 of SEBI Listing Regulations.