Board Meeting Details
The Board of Directors meeting was held on August 06, 2026, at the Registered Office of the Company (Plot No. 1, Phase II, GIDC, Dared, Jamnagar-361004) from 04:30 P.M. to 05:00 P.M. The Board considered, approved and took on record the Unaudited Standalone and Consolidated Financial Results along with the Auditors' Limited Review Report for the quarter ended June 30, 2026.
Consolidated Financial Results (Q1 FY27)
- Revenue from Operations: ₹1,655.07 lakh (Q1 FY26: ₹1,091.43 lakh; Q4 FY26: ₹2,258.50 lakh)
- Other Income: ₹6.24 lakh (Q1 FY26: ₹4.65 lakh; Q4 FY26: ₹58.35 lakh)
- Total Income: ₹1,661.31 lakh (Q1 FY26: ₹1,096.08 lakh; Q4 FY26: ₹2,316.85 lakh)
- Cost of Materials Consumed: ₹1,425.39 lakh (Q1 FY26: ₹828.05 lakh; Q4 FY26: ₹2,161.79 lakh)
- Employee Benefit Expense: ₹40.34 lakh (Q1 FY26: ₹33.11 lakh; Q4 FY26: ₹44.20 lakh)
- Finance Costs: ₹44.73 lakh (Q1 FY26: ₹39.21 lakh; Q4 FY26: ₹28.52 lakh)
- Depreciation and Amortization: ₹31.37 lakh (Q1 FY26: ₹17.87 lakh; Q4 FY26: ₹37.38 lakh)
- Profit Before Tax: ₹50.85 lakh (Q1 FY26: ₹67.60 lakh; Q4 FY26: loss of ₹24.79 lakh)
- Tax Expense: Current Tax ₹12.07 lakh, Deferred Tax Asset ₹3.16 lakh
- Net Profit for the Period: ₹41.94 lakh (Q1 FY26: ₹47.40 lakh; Q4 FY26: loss of ₹22.54 lakh)
- Earnings Per Share (Basic & Diluted): ₹0.41 (Q1 FY26: ₹0.47; Q4 FY26: loss of ₹0.22)
- Paid-up Equity Share Capital: ₹1,014.20 lakh (face value ₹10 per share)
Standalone Financial Results (Q1 FY27)
- Revenue from Operations: ₹1,258.60 lakh (Q1 FY26: ₹1,091.43 lakh; Q4 FY26: ₹1,334.68 lakh)
- Other Income: Not separately stated (Q4 FY26: ₹19.83 lakh)
- Total Income: ₹1,258.60 lakh (Q1 FY26: ₹1,096.08 lakh; Q4 FY26: ₹1,354.51 lakh)
- Cost of Materials Consumed: ₹1,095.68 lakh (Q1 FY26: ₹828.05 lakh; Q4 FY26: ₹1,591.83 lakh)
- Employee Benefit Expense: ₹16.05 lakh (Q1 FY26: ₹33.11 lakh; Q4 FY26: ₹23.63 lakh)
- Finance Costs: ₹32.13 lakh (Q1 FY26: ₹39.21 lakh; Q4 FY26: ₹19.58 lakh)
- Depreciation and Amortization: ₹16.29 lakh (Q1 FY26: ₹17.87 lakh; Q4 FY26: ₹20.57 lakh)
- Profit Before Tax: ₹23.56 lakh (Q1 FY26: ₹67.60 lakh; Q4 FY26: loss of ₹59.61 lakh)
- Tax Expense: Current Tax ₹6.36 lakh, Deferred Tax Asset ₹1.73 lakh
- Net Profit for the Period: ₹18.93 lakh (Q1 FY26: ₹47.40 lakh; Q4 FY26: loss of ₹52.84 lakh)
- Earnings Per Share (Basic & Diluted): ₹0.19 (Q1 FY26: ₹0.47; Q4 FY26: loss of ₹0.52)
- Paid-up Equity Share Capital: ₹1,014.20 lakh (face value ₹10 per share)
Subsidiary Information
The company has two wholly-owned subsidiaries:
1. Sierra Metal Industries Private Limited (formerly Sierra Automation Private Limited) - manufactures and exports brass plumbing fittings and sanitary parts globally
2. Brasscraft Engineering Private Limited - has not yet commenced any operations
Auditor Review
D G M S & Co., Chartered Accountants, issued limited review reports on both standalone and consolidated financial results dated August 06, 2026. The review was conducted in accordance with SRE 2410 issued by ICAI. The auditors concluded that nothing came to their attention causing them to believe that the financial results contain any material misstatement.
Additional Notes
- The company has a single reportable business segment
- Figures for corresponding previous periods have been regrouped/reclassified for comparability
- The Audit Committee reviewed the results before Board approval
- No exceptional items, extraordinary items, or discontinuing operations during the period
- No other comprehensive income reported