Board Meeting Details

The Board of Directors meeting was held on November 03, 2026, at the Registered Office in Jamnagar, commencing at 04:15 PM and concluding at 04:45 PM. The Board:

  • Considered, approved and took on record the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026
  • Considered and approved all other business as per circulated agenda

Financial Results - Consolidated (₹ in Lakh)

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹2,230.29
  • Other Income: ₹8.08
  • Total Revenue: ₹2,238.37
  • Cost of Materials Consumed: ₹2,054.27
  • Employee Benefit Expense: ₹52.24
  • Finance Costs: ₹38.77
  • Depreciation: ₹32.20
  • Other Expenses: ₹64.66
  • Total Expenses: ₹2,145.75
  • Profit Before Tax: ₹92.62
  • Tax Expense: ₹27.20 (Current Tax: ₹30.50, Deferred Tax: ₹-3.30)
  • Net Profit: ₹65.42
  • EPS: ₹0.65 (Basic and Diluted)
  • Paid-up Equity Capital: ₹1,014.20 lakh (Face Value: ₹10 per share)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹3,885.36
  • Other Income: ₹14.32
  • Total Revenue: ₹3,899.68
  • Profit Before Tax: ₹143.47
  • Net Profit: ₹107.36
  • EPS: ₹1.06 (Basic and Diluted)

YoY Comparison (Q2 FY26 vs Q2 FY27):

  • Revenue increased 36.7% from ₹1,631.57 lakh to ₹2,230.29 lakh
  • Net Profit decreased 20.3% from ₹82.04 lakh to ₹65.42 lakh

Financial Results - Standalone (₹ in Lakh)

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹1,522.33
  • Other Income: ₹0.00
  • Total Revenue: ₹1,522.33
  • Profit Before Tax: ₹33.81
  • Net Profit: ₹26.51
  • EPS: ₹0.26 (Basic and Diluted)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹2,780.93
  • Net Profit: ₹45.44
  • EPS: ₹0.45 (Basic and Diluted)

Balance Sheet Position - Consolidated (as of September 30, 2026)

Assets:

  • Total Assets: ₹4,621.09 lakh
  • Non-current Assets: ₹1,036.68 lakh (Property, Plant & Equipment: ₹990.36 lakh)
  • Current Assets: ₹3,584.41 lakh (Inventories: ₹1,667.22 lakh, Trade Receivables: ₹1,175.28 lakh, Cash: ₹21.22 lakh)

Liabilities:

  • Total Equity: ₹1,624.56 lakh (Equity Capital: ₹1,014.20 lakh, Other Equity: ₹610.36 lakh)
  • Non-current Liabilities: ₹369.34 lakh (Borrowings: ₹369.34 lakh)
  • Current Liabilities: ₹2,627.19 lakh (Borrowings: ₹2,026.91 lakh, Trade Payables: ₹333.30 lakh)

Cash Flow Statement - Consolidated (H1 FY27)

  • Cash from Operations: ₹-9.34 lakh
  • Cash from Investing: ₹-4.85 lakh
  • Cash from Financing: ₹18.19 lakh
  • Net Change in Cash: ₹4.00 lakh
  • Closing Cash: ₹21.22 lakh

Auditor Review

Statutory auditors B B Gusani & Associates conducted limited review of both standalone and consolidated financial results and concluded that nothing came to their attention causing them to believe the statements contain material misstatements. The review was conducted in accordance with SRE 2410 issued by ICAI.

Subsidiary Information

The consolidated financial results include:

  • Sierra Automation Private Limited (manufactures and exports brass plumbing fittings and sanitary parts)
  • Brasscraft Engineering Private Limited (has not yet commenced any operations)

Additional Notes

  • Results prepared in accordance with Ind AS 34 - Interim Financial Reporting
  • No reportable business segments
  • Figures for corresponding previous periods regrouped/reclassified for comparability
  • Audit Committee reviewed results before Board approval