1. Financial Results Approval

The Board approved the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026. The Statutory Auditors, Walker Chandiok & Co LLP, issued an unmodified Limited Review Report on both the standalone and consolidated results.

The meeting commenced at 2:30 PM (IST) and concluded at 4:15 PM (IST).

2. Key Financial Figures (Consolidated)

Quarter ended September 30, 2026 (Q2 FY27):

  • Revenue from Operations: ₹4,43,248.20 lakhs (₹4,432.48 crore)
  • Total Income: ₹4,44,284.28 lakhs (₹4,442.84 crore)
  • Profit Before Tax: ₹8,389.74 lakhs (₹83.90 crore)
  • Total Tax Expense: ₹1,403.05 lakhs (₹14.03 crore)
  • Profit for the Period (Net Profit): ₹6,986.69 lakhs (₹69.87 crore)
  • Total Comprehensive Income: ₹8,206.80 lakhs (₹82.07 crore)
  • Basic Earnings Per Share (EPS): ₹3.01 (of ₹2 face value, not annualized)
  • Diluted EPS: ₹2.97

Half Year ended September 30, 2026 (H1 FY27):

  • Revenue from Operations: ₹7,87,619.92 lakhs (₹7,876.20 crore)
  • Profit for the Period (Net Profit): ₹9,845.34 lakhs (₹98.45 crore)
  • Basic EPS: ₹4.34

Comparative Figures (Q2 FY26):

  • Revenue from Operations: ₹3,41,917.21 lakhs (₹3,419.17 crore)
  • Profit for the Period: ₹4,843.99 lakhs (₹48.44 crore)
  • Basic EPS: ₹2.13

3. Standalone Financials

Quarter ended September 30, 2026:

  • Revenue from Operations: ₹6,134.58 lakhs (₹61.35 crore)
  • Profit for the Period: ₹2,892.83 lakhs (₹28.93 crore)
  • Basic EPS: ₹2.05

4. Segment Information (Consolidated)

The Group operates in three reportable segments: Sourcing, Manufacturing, and Others.

For Q2 FY27:

  • Sourcing contributed 94.99% of total revenue (₹4,27,017.74 lakhs) and 97.50% of segment results.
  • Manufacturing contributed 5.01% of revenue (₹22,511.25 lakhs) and 7.51% of segment results.
  • The 'Others' segment reported a loss of ₹(417.87) lakhs.

5. Interim Dividend Declaration

The Board declared an Interim Dividend of ₹2.20 per equity share (face value of ₹2 each) for the Financial Year 2026-27.

The Record Date for determining shareholder entitlement has been fixed as Wednesday, November 11, 2026.

6. Director Resignation

Mr. BG Srinivas (DIN: 00517585) resigned as a Non-Executive Independent Director from the Board of the Company, effective from the close of business hours on November 4, 2026. The stated reason was "other pre-occupations and personal commitments."

Consequently, he also ceased to be a Member of the Audit Committee.

Mr. Srinivas confirmed in his resignation letter, dated November 4, 2026, that there are no other material reasons for his resignation beyond those stated. The required disclosure under SEBI Listing Regulations Schedule III was provided, confirming he held no directorships or committee memberships in other listed entities.

7. Capital Structure

The paid-up equity share capital (face value of ₹2 each) as of September 30, 2026, was ₹2,823.91 lakhs. A net reduction of 23,650 treasury shares occurred during the quarter.

8. Auditor's Review Scope

The review report by Walker Chandiok & Co LLP noted that they did not review the interim financials of 82 subsidiaries, which represented significant assets (₹903,964.82 lakhs) and revenues. These were reviewed by other auditors. The financials of 30 other subsidiaries, along with 1 associate and 1 joint venture, were not reviewed by any auditor but were certified by the Board of Directors and deemed not material to the Group.

9. Cash Flows (H1 FY27 Consolidated)

  • Net cash generated from operating activities: ₹45,675.24 lakhs
  • Net cash used in investing activities: ₹(3,829.12) lakhs
  • Net cash used in financing activities: ₹(21,485.45) lakhs
  • Net increase in cash and cash equivalents: ₹20,360.67 lakhs

10. Assets and Liabilities (Consolidated as of Sept 30, 2026)

  • Total Assets: ₹5,65,485.05 lakhs
  • Total Equity: ₹1,89,416.21 lakhs
  • Total Liabilities: ₹3,76,068.84 lakhs