Board Meeting Details

The Board of Directors meeting was held on November 13, 2026, commencing at 2:25 PM and concluding at 2:35 PM. The financial results were approved during this meeting.

Financial Results Overview

Quarter Ended September 30, 2026 (Unaudited):

  • Revenue from Operations: ₹826.76 lakh
  • Other Income: ₹7.52 lakh
  • Total Revenue: ₹834.28 lakh
  • Total Expenses: ₹927.58 lakh
  • Loss before tax: ₹(93.30) lakh
  • Tax Expense: ₹(21.13) lakh (Deferred Tax)
  • Net Loss: ₹(72.17) lakh
  • Earnings Per Share (Basic and Diluted): ₹(2.16)

Half Year Ended September 30, 2026 (Unaudited):

  • Revenue from Operations: ₹1,802.19 lakh
  • Other Income: ₹10.62 lakh
  • Total Revenue: ₹1,853.76 lakh
  • Total Expenses: ₹1,931.77 lakh
  • Loss before tax: ₹(78.01) lakh
  • Tax Expense: ₹28.28 lakh (Deferred Tax)
  • Net Loss: ₹(106.29) lakh
  • Earnings Per Share (Basic and Diluted): ₹(3.18)

Comparative Performance

Quarterly Comparison (Q2 FY27 vs Q2 FY26):

  • Revenue from Operations decreased from ₹958.22 lakh to ₹826.76 lakh
  • Net Profit turned to Loss of ₹(72.17) lakh from Profit of ₹83.24 lakh
  • EPS declined to ₹(2.16) from ₹2.49

Half Yearly Comparison (H1 FY27 vs H1 FY26):

  • Revenue from Operations decreased from ₹1,908.85 lakh to ₹1,802.19 lakh
  • Net Profit turned to Loss of ₹(106.29) lakh from Profit of ₹172.22 lakh
  • EPS declined to ₹(3.18) from ₹5.15

Segment-wise Performance

Revenue Breakdown:

  • Engineering Contracting Business (EPC): ₹217.84 lakh (Q2 FY27), ₹593.57 lakh (H1 FY27)
  • Trading of alloy steel for auto components: ₹608.92 lakh (Q2 FY27), ₹1,208.62 lakh (H1 FY27)

Segment Results:

  • Engineering Contracting Business: Profit of ₹2.64 lakh (Q2 FY27), Loss of ₹(83.93) lakh (H1 FY27)
  • Trading of alloy steel for auto components: Profit of ₹25.69 lakh (Q2 FY27), Profit of ₹46.78 lakh (H1 FY27)

Balance Sheet Highlights (as at September 30, 2026)

  • Total Assets: ₹2,853.77 lakh
  • Total Equity: ₹680.62 lakh
  • Equity Share Capital: ₹334.32 lakh (Face value ₹10 per share)
  • Other Equity: ₹346.30 lakh
  • Total Liabilities: ₹2,173.15 lakh
  • Current Liabilities: ₹2,162.71 lakh
  • Borrowings: ₹1,086.49 lakh

Auditor's Review

B. R. Maheswari and Co. LLP, Chartered Accountants (Firm Registration No. 001035N/N500050), conducted a limited review of the financial results in accordance with Standard on Review Engagements (SRE) 2410. Their report, signed by Partner Sanjay Nath (Membership No. 082700), states that nothing has come to their attention that causes them to believe that the statement contains any material misstatement.

Additional Information

  • Previous period figures have been regrouped/reclassified wherever necessary
  • The company follows Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34)
  • Segment reporting is based on the "management approach" as defined in Ind AS 108 - Operating Segment