Financial Results - Standalone (Quarter Ended June 30, 2026)

Revenue Performance

  • Revenue from operations: ₹102.56 crore (compared to ₹142.14 crore in Q1 FY26, down 28% YoY)
  • Other income: ₹1.78 crore (compared to ₹5.89 crore in Q1 FY26)
  • Total revenue: ₹104.34 crore (compared to ₹148.04 crore in Q1 FY26)

Expense Breakdown

  • Cost of raw materials consumed: ₹78.22 crore
  • Purchase of stock-in-trade: ₹0.55 crore
  • Changes in inventories: (₹12.13) crore (negative indicates inventory reduction)
  • Employee benefits expense: ₹18.86 crore
  • Finance costs: ₹0.69 crore
  • Depreciation and amortization: ₹2.87 crore
  • Research and development: ₹0.15 crore
  • Other expenses: ₹11.04 crore
  • Total expenses: ₹100.25 crore

Profitability Metrics

  • Profit before exceptional items and tax: ₹4.10 crore (compared to ₹22.77 crore in Q1 FY26)
  • Exceptional items: None in current quarter (Q1 FY26 had ₹4.00 crore ex-gratia payment)
  • Profit before tax: ₹4.10 crore (compared to ₹18.77 crore in Q1 FY26)
  • Tax expense: ₹1.07 crore (Current tax: ₹1.30 crore, Deferred tax: (₹0.23) crore)
  • Net profit: ₹3.03 crore (compared to ₹15.32 crore in Q1 FY26, down 80%)
  • Other comprehensive income: (₹0.23) crore
  • Total comprehensive income: ₹2.80 crore

Per Share Data

  • Basic EPS: ₹0.56 (compared to ₹2.85 in Q1 FY26)
  • Diluted EPS: ₹0.56
  • Paid-up equity share capital: ₹10.75 crore (Face value ₹2 per share)

Financial Results - Consolidated (Quarter Ended June 30, 2026)

Consolidated Performance

  • Total revenue: Not explicitly stated but derived from operations
  • Profit before tax, share of loss from joint venture and exceptional item: ₹4.16 crore
  • Share of loss from joint venture: (₹0.0012) crore
  • Profit before tax and exceptional item: ₹4.16 crore
  • Profit before tax: ₹4.16 crore
  • Tax expense: ₹1.08 crore
  • Net profit: ₹3.08 crore
  • Profit attributable to shareholders: ₹3.07 crore
  • Non-controlling interest: (₹0.0031) crore
  • Total comprehensive income: ₹2.84 crore
  • Total comprehensive income attributable to shareholders: ₹2.83 crore

Subsidiary and Joint Venture Details

Consolidated results include:

  • Premier Wire Products Limited (Subsidiary)
  • PELNEXT Defense Systems Private Limited (Subsidiary)
  • Global Premier Limited (Joint venture)

Subsidiaries and joint venture contributed total revenue of ₹0.69 lakh and net profit of ₹4.61 lakh for the quarter.

Corporate Actions

Annual General Meeting

  • 46th Annual General Meeting to be held on Wednesday, September 30, 2026 at 11:30 AM IST
  • Meeting will be conducted through electronic mode (Video Conferencing/other audio-visual means)

Record Date

  • Record date fixed for Wednesday, September 23, 2026
  • Purpose: Determining members eligible to receive dividend for FY 2025-26 and eligible to vote/attend AGM

Auditor's Review and Qualifications

Review Opinion

  • Statutory auditors MAJETI & Co. conducted limited review of both standalone and consolidated results
  • Issued unmodified opinion on both standalone and consolidated financial results
  • Review conducted in accordance with SRE 2410 issued by ICAI

Emphasis of Matter

Auditors drew attention to Note 5 regarding insurance claim receivable of ₹6.10 crore recognized by the Company in respect of accident at its manufacturing facility during previous financial year. The insurance claim remains outstanding and pending settlement with the insurer as at June 30, 2026.

Notes to Financial Results

Insurance Claim

  • Insurance claim receivable of ₹6.10 crore recognized for accident at manufacturing facility during previous financial year
  • Claim remains outstanding and pending settlement as at June 30, 2026
  • Company continues to follow up with insurer for settlement
  • Management assessment indicates no provision necessary for potential non-recovery

Segment Information

  • Company operates in single reportable segment: "High Energy Materials"
  • Segment classification in accordance with Ind AS 108 "Operating Segments"

Comparative Figures

  • Figures for quarter ended March 31, 2026 are balancing figures between audited annual figures and reviewed YTD figures
  • Previous period figures have been reclassified/regrouped to conform to current period classification

Board Meeting Details

  • Meeting held on August 13, 2026
  • Commenced at 12:45 PM and concluded at 3:40 PM
  • Meeting approved unaudited financial results for quarter ended June 30, 2026
  • Results reviewed by Audit Committee before board approval