Key Approvals

The Board of Directors, upon recommendation of the Audit Committee, approved the following at its meeting held on November 06, 2026 (12:15 PM to 03:45 PM IST):

  • The unaudited Standalone and Consolidated Financial Statements for the quarter and half year ended September 30, 2026, prepared under Indian Accounting Standards (Ind-AS).
  • The Statutory Auditor's Draft Limited Review Auditors Report (Standalone and Consolidated) for the same period.

The Financial Results along with the Limited Review Report are enclosed as Annexure 1.

Standalone Financial Performance (Rs. in Lakhs)

Quarter Ended September 30, 2026 (Unaudited):

  • Revenue from Operations: ₹19,019.72
  • Other Income: ₹476.77
  • Total Income: ₹19,496.49
  • Total Expenses: ₹17,800.66
  • Profit before exceptional item and tax: ₹1,695.83
  • Exceptional Items: (₹7,565.57) Loss
  • Profit/(Loss) before tax: (₹5,869.74) Loss
  • Total Tax Expense: ₹531.29
  • Profit/(Loss) for the period: (₹6,401.03) Loss
  • Total Comprehensive Income/(Loss): (₹6,382.58) Loss
  • Earnings Per Share (Basic): (₹6.74) Loss

Half Year Ended September 30, 2026 (Unaudited):

  • Revenue from Operations: ₹35,067.01
  • Other Income: ₹1,755.87
  • Total Income: ₹36,822.88
  • Total Expenses: ₹33,622.32
  • Profit before exceptional item and tax: ₹3,200.56
  • Exceptional Items: (₹7,168.55) Loss
  • Profit/(Loss) before tax: (₹3,967.99) Loss
  • Total Tax Expense: ₹945.28
  • Profit/(Loss) for the period: (₹4,913.27) Loss
  • Total Comprehensive Income/(Loss): (₹4,876.61) Loss
  • Earnings Per Share (Basic): (₹5.17) Loss

Standalone Balance Sheet (Rs. in Lakhs)

As at September 30, 2026 (Unaudited):

  • Total Assets: ₹1,07,303.43
  • Total Equity: ₹82,831.96
  • Total Liabilities: ₹24,471.47

As at March 31, 2026 (Audited):

  • Total Assets: ₹1,05,556.81
  • Total Equity: ₹88,658.43
  • Total Liabilities: ₹16,898.38

Standalone Cash Flows (H1 FY27 vs H1 FY26) (Rs. in Lakhs)

  • Net Cash from Operating Activities: ₹5,384.49 (Prev: ₹5,681.25)
  • Net Cash used in Investing Activities: (₹6,748.66) (Prev: (₹3,962.76))
  • Net Cash from Financing Activities: ₹1,056.61 (Prev: (₹3,008.87))
  • Net Decrease in Cash: (₹307.56) (Prev: (₹1,290.38))
  • Cash & Equivalents at Period End: ₹1,653.78 (Prev: ₹1,335.91)

Exceptional Items - Standalone (Rs. in Lakhs)

The standalone loss was significantly impacted by exceptional items in Q2 FY27:

  • Impairment of Investment in Subsidiary: (₹1,485.49)
  • Impairment of loan given to subsidiary: (₹6,467.66)
  • Impairment of accrued interest on loan: (₹33.28)
  • Compensation received from customer: ₹120.86 (Gain)
  • Net Exceptional Item: (₹7,565.57)

Rationale for Impairment: The company reassessed the recoverable amount of its investment in and loan (including accrued interest) to PCL (International) Holding B.V. due to the prevailing global business environment and other factors. An additional Expected Credit Loss (ECL) provision was recognized as per Ind AS 109.

Dividend Information

The Board of Directors, in their meeting on May 22, 2026, proposed a final dividend of ₹1.00 per equity share. This was approved by shareholders at the Annual General Meeting held on July 30, 2026. The dividend was paid during the current quarter (Q2 FY27).

Consolidated Financial Performance (Rs. in Lakhs)

Quarter Ended September 30, 2026 (Unaudited):

  • Revenue from Operations: ₹20,850.25
  • Other Income: ₹1,292.21
  • Total Income: ₹22,142.46
  • Total Expenses: ₹20,752.38
  • Profit before exceptional item and tax: ₹1,410.08
  • Exceptional Items: ₹420.86 Gain
  • Profit before tax: ₹1,830.94
  • Total Tax Expense: ₹538.41
  • Profit for the period: ₹1,292.53
  • Total Comprehensive Income: ₹1,353.32
  • Earnings Per Share (Basic): ₹1.36

Half Year Ended September 30, 2026 (Unaudited):

  • Revenue from Operations: ₹39,639.74
  • Other Income: ₹2,588.48
  • Total Income: ₹42,228.22
  • Total Expenses: ₹39,946.47
  • Profit before exceptional item and tax: ₹2,281.75
  • Exceptional Items: ₹817.88 Gain
  • Profit before tax: ₹3,099.63
  • Total Tax Expense: ₹962.41
  • Profit for the period: ₹2,137.22
  • Total Comprehensive Income: ₹2,269.87
  • Earnings Per Share (Basic): ₹2.25

Subsidiaries Included in Consolidation

The consolidated results include:

1. Memco Engineering Private Limited (Wholly Owned Subsidiary)

2. PCL (International) Holding B.V., Netherlands (Wholly Owned Subsidiary)

3. MFT Motoren und Fahrzeugtechnik GmbH, Germany (Step Down Subsidiary, under liquidation since Sept 08, 2025)

4. Emoss Mobile Systems B.V., Netherlands (Step Down Subsidiary)

The statutory auditor, MSKA & Associates LLP, did not review the interim financial information of 3 subsidiaries, whose results were incorporated based on reports from other auditors.

Limited Review Report

MSKA & Associates LLP, the statutory auditors, issued an unmodified conclusion on their limited review of both the standalone and consolidated financial results. Their review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI.

Other Information

The intimation is being uploaded to the company's website at www.pclindia.in.