Financial Results for Quarter Ended September 30, 2026 (Unaudited Standalone)

Income Statement (₹ in Lakhs):

  • Revenue from Operations: ₹5,368.66 (Q2 FY27) vs ₹3,344.84 (Q2 FY26) - a 60.5% increase year-over-year.
  • Total Income: ₹5,408.84 (Q2 FY27) vs ₹3,358.82 (Q2 FY26).
  • Profit before tax: ₹254.03 (Q2 FY27) vs ₹140.43 (Q2 FY26).
  • Net Profit after tax: ₹192.89 (Q2 FY27) vs ₹103.14 (Q2 FY26).
  • Earnings per share (Basic): ₹1.52 (Q2 FY27) vs ₹0.94 (Q2 FY26).
  • Earnings per share (Diluted): ₹1.43 (Q2 FY27) vs ₹0.94 (Q2 FY26).

Half-Year Performance (April - September 2026):

  • Revenue from Operations: ₹8,887.59 (H1 FY27) vs ₹6,006.55 (H1 FY26).
  • Net Profit after tax: ₹238.03 (H1 FY27) vs ₹124.21 (H1 FY26).

Balance Sheet Highlights as of September 30, 2026 (₹ in Lakhs):

  • Total Assets: ₹14,922.15 (vs ₹13,761.76 on Mar 31, 2026).
  • Property, Plant and Equipment: ₹5,148.09.
  • Capital Work in Progress: ₹236.37.
  • Inventories: ₹4,679.84.
  • Trade receivables: ₹2,612.34.
  • Total Equity: ₹8,672.09 (Share Capital ₹1,344.79 + Other Equity ₹7,327.30).
  • Borrowings (Non-current + Current): ₹4,234.40.
  • Trade payables: ₹919.01.

Key Operational and Strategic Updates

  • Business Activity: The company is engaged in the manufacturing of Stainless Steel Tubes & Pipes.
  • Asset Sale: During the quarter, the company disposed of its Wind Mill.
  • Order Book: The current order book is approximately ₹173 Crores, including export orders from Middle East clients.
  • Fundraising: During the quarter, the company allotted 83,034 equity shares of ₹10 each at a premium of ₹170 per share on a preferential basis.
  • Profitability Impact: The current half-year's profitability was adversely impacted due to a substantial increase in the cost of energy, attributed to geopolitical disturbance in the Middle East during the period.

Corporate Action: Director Appointment

  • Based on the recommendation of the Nomination and Remuneration Committee, Mr. Detlef Ernst Hans Klatt (DIN: 06602194) was appointed as a Non-Executive, Independent Director of the Company effective November 6, 2026.
  • His term is for 5 consecutive years, subject to the approval of the company's members.
  • He is not related to any existing Directors, Key Managerial Personnel, or Promoters of the company and is not debarred from holding the office of Director.
  • His profile indicates over 45 years of experience in manufacturing, process engineering, quality assurance, and governance, with expertise in operations, project management, and modern technology development. He has previously managed companies in Germany and India.

Compliance and Regulatory References

  • The financial results were reviewed by the Audit Committee and approved by the Board.
  • The limited review was performed by Sundarlal, Desai & Kanodia, Chartered Accountants (Firm Regn. No. 110560W), who issued an unmodified report.
  • A separate statement confirms there was no deviation or variation in the use of proceeds from a recent preferential issue of equity shares and warrants for the quarter ended September 30, 2026, as per SEBI Circular CIR/CFD/CMDl/162/2019.
  • The Board meeting commenced at 3:30 p.m. and concluded at 5:30 p.m.