Financial Performance Highlights

Quarter Ended 30th September 2026 (Q2 FY27):

  • Revenue from Operations: ₹29.91 crore (compared to ₹34.09 crore in Q2 FY26)
  • Other Income: ₹6.05 crore
  • Total Income: ₹35.96 crore
  • Total Expenses: ₹26.76 crore
  • Profit Before Tax: ₹9.20 crore
  • Tax Expense: ₹2.32 crore (Current Tax: ₹2.36 crore, Deferred Tax: -₹0.43 crore, Tax for earlier years: -₹0.02 crore)
  • Net Profit: ₹6.88 crore
  • Basic and Diluted EPS: ₹3.88 (not annualized)

Half-Year Ended 30th September 2026 (H1 FY27):

  • Revenue from Operations: ₹61.84 crore (compared to ₹62.08 crore in H1 FY26)
  • Other Income: ₹12.91 crore
  • Total Income: ₹74.75 crore
  • Total Expenses: ₹50.04 crore
  • Profit Before Tax: ₹24.71 crore
  • Tax Expense: ₹6.23 crore
  • Net Profit: ₹18.48 crore
  • Basic and Diluted EPS: ₹10.43 (not annualized)

Comparative Performance

Q2 FY27 showed revenue decline of approximately 12.3% YoY from Q2 FY26 (₹34.09 crore to ₹29.91 crore), though profitability remained strong with net profit of ₹6.88 crore compared to ₹11.10 crore in Q2 FY26.

Balance Sheet Position (as of 30th September 2026)

  • Total Assets: ₹276.28 crore (up from ₹255.39 crore as of 31st March 2026)
  • Non-current Assets: ₹14.76 crore
  • Current Assets: ₹261.52 crore (including Investments: ₹68.77 crore, Loans: ₹136.25 crore, Trade Receivables: ₹15.47 crore)
  • Equity Share Capital: ₹17.71 crore
  • Total Equity: ₹265.58 crore
  • Total Liabilities: ₹10.69 crore

Cash Flow Statement (Half-Year Ended 30th September 2026)

  • Net Cash from Operating Activities: ₹39.32 crore
  • Net Cash used in Investing Activities: -₹35.29 crore
  • Net Cash used in Financing Activities: -₹0.92 crore
  • Net Increase in Cash: ₹3.12 crore

IPO Proceeds Utilization

As of 30th September 2026:

  • Total IPO Proceeds: ₹35.55 crore
  • Amount Utilized: ₹17.36 crore
  • Balance to be utilized: ₹18.19 crore (deployed in Fixed Deposits & Mutual Funds)

Breakdown of utilization:

  • Plant & Machinery: ₹9.00 crore out of ₹23.91 crore allocated
  • Security for WBSEDCL: ₹1.45 crore out of ₹2.00 crore allocated
  • General Corporate Purpose: ₹4.98 crore out of ₹5.01 crore allocated
  • Issue Expenses: ₹1.92 crore out of ₹2.73 crore allocated

Additional Notes

  • Provision for Gratuity and Leave Encashment are provided at year-end based on actuarial valuation
  • The company has utilized IPO funds as disclosed with balance kept in Fixed Deposits with Banks and Mutual Funds
  • Figures for corresponding previous periods have been regrouped/rearranged for comparability