Board Meeting Details

The Board of Directors meeting was held on November 09, 2026, commencing at 1:00 PM IST and concluding at 2:30 PM IST. The meeting approved the standalone and consolidated unaudited financial results for the second quarter and half year ended September 30, 2026.

Financial Results - Standalone (₹ in lakhs)

Quarterly Performance (Q2 FY27 vs Q2 FY26):

  • Revenue from operations: ₹3,222.17 (vs ₹3,118.39 in Q2 FY26) - 3.3% increase
  • Other income: ₹23.67 (vs ₹175.23 in Q2 FY26) - 86.5% decrease
  • Total income: ₹3,245.84 (vs ₹3,293.62 in Q2 FY26) - 1.5% decrease
  • Total expenses: ₹2,955.07 (vs ₹2,489.66 in Q2 FY26) - 18.7% increase
  • Profit before tax: ₹290.78 (vs ₹803.96 in Q2 FY26) - 63.8% decrease
  • Tax expense: ₹91.14 (vs ₹238.49 in Q2 FY26)
  • Profit for the period: ₹199.64 (vs ₹565.47 in Q2 FY26) - 64.7% decrease
  • Earnings per share (Basic & Diluted): ₹0.05 (vs ₹0.13 in Q2 FY26)

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

  • Revenue from operations: ₹7,256.23 (vs ₹6,166.45 in H1 FY26) - 17.7% increase
  • Other income: ₹49.18 (vs ₹178.34 in H1 FY26) - 72.4% decrease
  • Total income: ₹7,305.41 (vs ₹6,344.79 in H1 FY26) - 15.1% increase
  • Total expenses: ₹6,310.28 (vs ₹4,810.10 in H1 FY26) - 31.2% increase
  • Profit before tax: ₹995.13 (vs ₹1,534.68 in H1 FY26) - 35.2% decrease
  • Tax expense: ₹260.52 (vs ₹438.38 in H1 FY26)
  • Profit for the period: ₹734.61 (vs ₹1,096.31 in H1 FY26) - 33.0% decrease
  • Earnings per share (Basic & Diluted): ₹0.17 (vs ₹0.26 in H1 FY26)

Financial Results - Consolidated (₹ in lakhs)

Quarterly Performance (Q2 FY27 vs Q2 FY26):

  • Revenue from operations: ₹2,894.55 (vs ₹3,118.39 in Q2 FY26) - 7.2% decrease
  • Other income: ₹25.86 (vs ₹175.23 in Q2 FY26) - 85.2% decrease
  • Total income: ₹2,920.41 (vs ₹3,293.62 in Q2 FY26) - 11.3% decrease
  • Total expenses: ₹2,642.31 (vs ₹2,482.18 in Q2 FY26) - 6.5% increase
  • Profit before tax: ₹278.10 (vs ₹811.45 in Q2 FY26) - 65.7% decrease
  • Tax expense: ₹91.04 (vs ₹238.49 in Q2 FY26)
  • Profit for the period: ₹187.05 (vs ₹572.96 in Q2 FY26) - 67.4% decrease
  • Earnings per share (Basic & Diluted): ₹0.04 (vs ₹0.13 in Q2 FY26)

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

  • Revenue from operations: ₹6,933.47 (vs ₹6,166.45 in H1 FY26) - 12.4% increase
  • Other income: ₹34.16 (vs ₹178.34 in H1 FY26) - 80.8% decrease
  • Total income: ₹6,967.62 (vs ₹6,344.79 in H1 FY26) - 9.8% increase
  • Total expenses: ₹5,989.15 (vs ₹4,802.62 in H1 FY26) - 24.7% increase
  • Profit before tax: ₹978.47 (vs ₹1,542.17 in H1 FY26) - 36.5% decrease
  • Tax expense: ₹260.16 (vs ₹438.38 in H1 FY26)
  • Profit for the period: ₹718.31 (vs ₹1,103.79 in H1 FY26) - 34.9% decrease
  • Earnings per share (Basic & Diluted): ₹0.17 (vs ₹0.26 in H1 FY26)

Balance Sheet Position - Standalone (as of September 30, 2026)

  • Total assets: ₹20,844.36 lakhs (vs ₹20,693.26 lakhs as of March 31, 2026)
  • Equity share capital: ₹4,282.08 lakhs (significantly increased from ₹2,498.00 lakhs)
  • Other equity: ₹7,417.43 lakhs (decreased from ₹8,595.36 lakhs)
  • Total borrowings: ₹5,158.15 lakhs (₹3,267.68 lakhs non-current + ₹1,890.47 lakhs current)
  • Trade receivables: ₹13,646.56 lakhs
  • Inventories: ₹3,192.00 lakhs

Cash Flow Statement - Standalone (H1 FY27)

  • Net cash from operating activities: ₹239.61 lakhs
  • Net cash used in investing activities: ₹(72.69) lakhs
  • Net cash used in financing activities: ₹(204.33) lakhs
  • Net decrease in cash: ₹(37.41) lakhs
  • Cash and cash equivalents at end: ₹47.90 lakhs

Subsidiary Information

The consolidated results include two subsidiaries:

1. Tuljai Agro Chemicals Private Limited

2. Brahmanand Pipes Private Limited

Note 6 provides detailed accounting treatment for Tuljai Agro Chemicals Private Limited, which was acquired as a subsidiary on May 21, 2024 (51.20% stake), ceased to have control on June 28, 2025 (reclassified as associate), and became a subsidiary again on October 13, 2025 (66.69% stake).

Additional Notes

  • The company operates in one business segment (irrigation equipment)
  • Previous period figures have been regrouped/reclassified where necessary
  • The results for quarters are balancing figures between half-year results and previously published quarterly results
  • Significant increase in equity share capital indicates likely bonus issue or capital restructuring