Financial Performance Highlights

Quarterly Performance (Q2 FY27 vs Q1 FY27 vs Q2 FY26):

  • Revenue from Operations: ₹1,642.54 lakhs (Q2 FY27) vs ₹3,101.15 lakhs (Q1 FY27) vs ₹1,200.42 lakhs (Q2 FY26)
  • Other Income: ₹5.62 lakhs (Q2 FY27) vs ₹8.03 lakhs (Q1 FY27) vs ₹31.24 lakhs (Q2 FY26)
  • Total Income: ₹1,648.15 lakhs (Q2 FY27) vs ₹3,109.18 lakhs (Q1 FY27) vs ₹1,231.66 lakhs (Q2 FY26)
  • Purchases of Stock-in-trade: ₹1,624.18 lakhs (Q2 FY27) vs ₹3,029.97 lakhs (Q1 FY27) vs ₹1,159.29 lakhs (Q2 FY26)
  • Employee Benefit Expenses: ₹29.08 lakhs (Q2 FY27) vs ₹36.57 lakhs (Q1 FY27) vs ₹73.67 lakhs (Q2 FY26)
  • Profit Before Tax: ₹32.37 lakhs (Q2 FY27) vs ₹12.30 lakhs (Q1 FY27) vs ₹8.74 lakhs (Q2 FY26)
  • Net Profit: ₹32.37 lakhs (Q2 FY27) vs ₹12.30 lakhs (Q1 FY27) vs ₹6.47 lakhs (Q2 FY26)
  • Basic EPS: ₹0.0032 (Q2 FY27) vs ₹0.0012 (Q1 FY27) vs ₹0.0006 (Q2 FY26)

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Revenue from Operations: ₹4,743.69 lakhs (H1 FY27) vs ₹1,656.04 lakhs (H1 FY26)
  • Total Income: ₹4,757.33 lakhs (H1 FY27) vs ₹1,698.96 lakhs (H1 FY26)
  • Profit Before Tax: ₹44.67 lakhs (H1 FY27) vs ₹37.81 lakhs (H1 FY26)
  • Net Profit: ₹44.67 lakhs (H1 FY27) vs ₹27.98 lakhs (H1 FY26)
  • Basic EPS: ₹0.0044 (H1 FY27) vs ₹0.0028 (H1 FY26)

Full Year Reference (FY26):

  • Revenue from Operations: ₹14,175.23 lakhs (FY26)
  • Net Loss: ₹(628.72) lakhs (FY26)
  • Basic EPS: ₹(0.0619) (FY26)

Balance Sheet Position (as at September 30, 2026)

Assets:

  • Total Assets: ₹11,632.04 lakhs (vs ₹10,857.55 lakhs as at March 31, 2026)
  • Non-Current Assets: ₹2,614.69 lakhs (including Loans & Advances: ₹2,194.58 lakhs, Deferred Tax Assets: ₹212.59 lakhs)
  • Current Assets: ₹9,017.35 lakhs (including Inventories: ₹1,398.29 lakhs, Trade Receivables: ₹3,391.42 lakhs, Cash and Cash Equivalents: ₹370.13 lakhs)

Liabilities and Equity:

  • Total Equity: ₹10,300.88 lakhs (Equity Share Capital: ₹10,153.47 lakhs, Other Equity: ₹147.40 lakhs)
  • Non-Current Liabilities: ₹297.61 lakhs (Borrowings: ₹46.04 lakhs)
  • Current Liabilities: ₹1,033.55 lakhs (Trade Payables: ₹981.92 lakhs)

Cash Flow Statement (H1 FY27)

  • Net Cash Flow from Operating Activities: ₹(587.80) lakhs (negative)
  • Net Cash Flow from Investing Activities: ₹(0.75) lakhs (negative)
  • Net Cash Flow from Financing Activities: ₹(0.40) lakhs (negative)
  • Net Decrease in Cash: ₹(588.95) lakhs
  • Cash and Cash Equivalents at beginning: ₹959.08 lakhs
  • Cash and Cash Equivalents at end: ₹370.13 lakhs

Key Operational Metrics

  • Paid-up Equity Share Capital: ₹10,153.47 lakhs (101,534,748 shares of face value ₹1 each) - unchanged across all periods
  • No exceptional items reported in any period
  • No other comprehensive income reported
  • Tax Expenses: Nil for current quarter and half-year (vs Current Tax of ₹2.27 lakhs in Q2 FY26 and ₹9.83 lakhs in H1 FY26)

Regulatory and Governance Information

  • Results reviewed by Audit Committee and approved by Board of Directors on November 7, 2026
  • Statutory Auditor: Motilal & Associates LLP (ICAI FRN: 106584W/W100751)
  • Limited Review Report issued by CA Rishabh Jain (Partner, Membership No.: 179547)
  • Results prepared in accordance with Indian Accounting Standard (Ind AS) 34 and Companies (Indian Accounting Standard) Rules, 2015
  • Related party transactions disclosure for half-year ended March 31, 2026 provided in Integrated Filing

Financial Impact Assessment

The company has shown improved profitability in Q2 FY27 compared to both previous quarter and same quarter last year, with significant revenue growth of 37% YoY. However, operating cash flow remains negative primarily due to increased working capital requirements in trade receivables and loans given.