Board Meeting Details
The Board of Directors meeting was held on November 11, 2026, commencing at 3:30 PM and concluding at 7:45 PM. The board approved:
1. Standalone and Consolidated Unaudited Financial Results for the half year ended September 30, 2026
2. Limited Review Reports issued by Statutory Auditors
3. Other approvals and notings required in normal course of business
Standalone Financial Performance (All amounts in INR Lakhs)
Income Statement Highlights:
- Revenue from Operations: 20,165.82 (H1 FY26: 17,830.48; FY26: 38,630.58)
- Other Income: 41.30 (H1 FY26: 16.22; FY26: 298.70)
- Total Income: 20,207.12 (H1 FY26: 17,846.71; FY26: 38,929.28)
- Total Expenses: 17,959.31 (H1 FY26: 15,855.96; FY26: 34,739.34)
- Profit Before Tax: 2,247.81 (H1 FY26: 1,990.75; FY26: 4,189.94)
- Tax Expense: 576.02 (H1 FY26: 349.40; FY26: 1,110.73)
- Profit After Tax: 1,671.79 (H1 FY26: 1,641.35; FY26: 3,079.21)
- Basic EPS: ₹10.50 (H1 FY26: ₹10.31; FY26: ₹19.34)
- Diluted EPS: ₹10.10 (H1 FY26: ₹10.31; FY26: ₹19.34)
Balance Sheet Position as at September 30, 2026:
- Equity Share Capital: 1,591.80 (unchanged from March 31, 2026)
- Reserves and Surplus: 15,837.07 (March 31, 2026: 14,165.28)
- Issue of Share Warrants: 406.80 (unchanged)
- Long-Term Borrowings: 5,851.66 (March 31, 2026: 2,076.78)
- Total Assets: 33,190.41 (March 31, 2026: 26,962.19)
Cash Flow Statement (H1 FY27):
- Cash from Operations: (408.04)
- Cash used in Investing: (4,347.37)
- Cash from Financing: 4,782.56
- Net decrease in cash: (563.86)
- Closing Cash Balance: 1,922.07 (Opening: 2,485.93)
Consolidated Financial Performance (All amounts in INR Lakhs)
Income Statement Highlights:
- Revenue from Operations: 21,663.75 (H1 FY26: 18,415.81; FY26: 41,891.96)
- Other Income: 116.73 (H1 FY26: 20.33; FY26: 311.08)
- Total Income: 21,780.48 (H1 FY26: 18,436.14; FY26: 42,203.04)
- Total Expenses: 19,295.52 (H1 FY26: 16,357.24; FY26: 37,642.03)
- Profit Before Tax: 2,484.96 (H1 FY26: 2,078.90; FY26: 4,561.00)
- Tax Expense: 377.36 (H1 FY26: 368.08; FY26: 1,203.94)
- Profit After Tax: 2,107.60 (H1 FY26: 1,710.81; FY26: 3,357.06)
- Basic EPS: ₹11.60 (H1 FY26: ₹10.75; FY26: ₹21.05)
- Diluted EPS: ₹11.16 (H1 FY26: ₹10.75; FY26: ₹21.09)
Segment Reporting (Standalone)
The company operates in multiple segments:
Revenue by Segment (H1 FY27):
- Construction: ₹1,573.15 lakhs
- Trading: ₹1,930.99 lakhs
- Hiring of Earth Moving Equipment: ₹4,482.85 lakhs
- Loading, Unloading & Rake Handling: ₹5,305.53 lakhs
- Transportation: ₹6,860.98 lakhs
- Non-Reportable Segments: ₹12.32 lakhs
Segment Results (H1 FY27):
- Construction: ₹161.10 lakhs
- Trading: ₹264.22 lakhs
- Hiring of Earth Moving Equipment: ₹559.97 lakhs
- Loading, Unloading & Rake Handling: ₹621.52 lakhs
- Transportation: ₹1,019.77 lakhs
- Non-Reportable Segments: ₹5.12 lakhs
IPO Fund Utilization
- IPO raised: ₹44,86,44,000 (₹4,486.44 lakhs) on March 24, 2025
- Funds utilized for working capital: ₹4,480.44 lakhs as of September 30, 2026
- Unutilized amount: ₹6.00 lakhs remaining in designated Public Issue Account
- No deviation or variation in utilization from objects stated in Prospectus
- Certificate issued by Statutory Auditors confirms proper utilization
Additional Documents Enclosed
1. Limited Review Report on Standalone Unaudited Financial Results
2. Standalone Unaudited Financial Results
3. Limited Review Report on Consolidated Unaudited Financial Results
4. Consolidated Unaudited Financial Results
5. Statement of deviation or variation in utilisation of funds