Board Meeting Details

A meeting of the Board of Directors was held on Saturday, November 07, 2026, commencing at 01:30 PM and concluding at 2:30 PM.

Key Financial Results - Standalone (Q2 FY27)

  • Revenue from operations: ₹6,960.25 lakh
  • Other income: ₹30.78 lakh
  • Total income: ₹6,991.03 lakh
  • Total expenses: ₹6,288.01 lakh
  • Profit before tax: ₹703.02 lakh
  • Tax expense: ₹152.94 lakh
  • Net profit: ₹550.08 lakh
  • Basic EPS: ₹2.60
  • Diluted EPS: ₹2.60

Key Financial Results - Half Year FY27 (Standalone)

  • Revenue from operations: ₹11,027.86 lakh
  • Net profit: ₹815.59 lakh
  • Basic EPS: ₹3.85
  • Diluted EPS: ₹3.85

Key Financial Results - Consolidated (Q2 FY27)

  • Revenue from operations: ₹7,714.58 lakh
  • Net profit: ₹621.89 lakh
  • Net profit attributable to owners: ₹593.12 lakh
  • Basic EPS: ₹2.80
  • Diluted EPS: ₹2.80

Balance Sheet Position (Standalone as at 30-09-2026)

  • Total assets: ₹24,721.58 lakh
  • Total equity: ₹15,498.09 lakh
  • Total liabilities: ₹9,223.49 lakh
  • Cash and cash equivalents: ₹80.80 lakh
  • Inventories: ₹7,035.25 lakh
  • Trade receivables: ₹3,636.12 lakh

Cash Flow Analysis (Half Year Standalone)

  • Net cash flow from operating activities: (₹86.31) lakh
  • Net cash flow from investing activities: (₹282.92) lakh
  • Net cash flow from financing activities: ₹96.79 lakh
  • Net decrease in cash: ₹272.44 lakh

Significant Accounting Matters

Price Variation Claim

The Company's contract with Ajmer Vidyut Vitran Nigam Limited (AVVNL) contains a price variation clause. AVVNL approved PV claims of ₹310.39 lakh for the period ended September 30, 2026, via letter dated October 06, 2026. The Company treated this as variable consideration under Ind AS 115 and recognized it as revenue from operations for the period, shown under unbilled revenue.

Subsidiary Acquisition

The Company increased its stake in Peaton Electrical Company Limited (PECL) from 15.24% to 51.06% during Q2 FY26 (September 11, 2025), making it a subsidiary. Further increased stake to 60.00% in Q4 FY26. The investment is carried at cost in accordance with Ind AS 27.

Labour Code Impact

The Company recognized an exceptional item of ₹4.57 lakh in FY26 for statutory impact of new Labour Codes, primarily arising from changes in wage definition affecting gratuity calculations.

Inventory Valuation Emphasis

The auditors emphasized that inventory valuation is highly technical and certified by management due to various types, sizes, grades, and bifurcations, limiting their ability to cross-confirm values.

Segment Information

The Company operates in one segment: "Electrical Contracting." Segment reporting under Ind AS-108 is not applicable.

Share Capital

Paid-up equity share capital remains at ₹2,116.89 lakh (face value ₹10 each).

Limited Review Report

MAAK and Associates, Chartered Accountants (Firm Reg No. 135024W), issued a limited review report stating nothing came to their attention causing belief that the financial results contain material misstatement.