Financial Analyst Summary

Company Response to Regulatory Query

Date of Communication: June 19, 2026

Nature of Query: The National Stock Exchange of India Limited (NSE) sought clarification via email dated June 17, 2026 regarding non-submission of segment details in the Audited Financial Results for the financial year ended March 31, 2026, which were originally submitted on May 20, 2026.

Company's Clarification: The company stated that it is engaged in a single segment only, namely Iron and Steel Products. Accordingly, separate segment reporting is not applicable to the Company in terms of Ind AS 108 – Operating Segments.

Financial Results Submission

Date of Board Meeting: May 20, 2026 (commenced at 3:00 PM, concluded at 9:45 PM)

Regulatory Compliance: Submitted under Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors approved:

  • Audited Standalone Financial Results for quarter and year ended March 31, 2026
  • Audited Consolidated Financial Results for quarter and year ended March 31, 2026

Financial Results Details

Standalone Financial Results (Amounts in ₹ Lakhs):

For Year Ended March 31, 2026:

  • Total Income: ₹6,241.91
  • Profit Before Tax: ₹200.36
  • Net Profit After Tax: ₹135.09
  • Basic EPS: ₹1.35
  • Diluted EPS: ₹1.35
  • Paid-up Equity Share Capital: ₹501.72 (Face value ₹5 per share)

For Quarter Ended March 31, 2026:

  • Total Income: ₹1,795.50
  • Profit Before Tax: ₹34.80
  • Net Profit After Tax: ₹10.34
  • Basic EPS: ₹0.10
  • Diluted EPS: ₹0.10

Consolidated Financial Results (Amounts in ₹ Lakhs):

For Year Ended March 31, 2026:

  • Total Income: ₹6,241.91
  • Profit Before Tax: ₹200.46
  • Net Profit After Tax: ₹135.19
  • Basic EPS: ₹1.35
  • Diluted EPS: ₹1.35

For Quarter Ended March 31, 2026:

  • Total Income: ₹1,795.10
  • Profit Before Tax: ₹38.85
  • Net Profit After Tax: ₹10.44
  • Basic EPS: ₹0.10
  • Diluted EPS: ₹0.10

Key Balance Sheet Items (Standalone as at March 31, 2026):

  • Total Assets: ₹4,054.36
  • Equity: ₹501.72 (Share Capital) + ₹888.29 (Other Equity) = ₹1,390.01
  • Non-Current Liabilities: ₹201.78 (Borrowings) + ₹52.14 (Provision for Gratuity) + ₹89.84 (Deferred Tax) + ₹10.13 (Other) = ₹353.89
  • Current Liabilities: ₹1,145.81 (Borrowings) + ₹1,100.21 (Trade Payables) + ₹72.00 (Other) + ₹9.50 (Provisions) + ₹20.88 (Current Tax) = ₹1,348.40

Cash Flow Statement (Standalone for FY2026):

  • Net Cash from Operating Activities: ₹322.85
  • Net Cash used in Investing Activities: ₹(333.21)
  • Net Cash from Financing Activities: ₹14.47
  • Net Increase in Cash: ₹4.11
  • Cash at Beginning: ₹4.77
  • Cash at End: ₹8.89

Audit and Compliance

The financial results were:

  • Reviewed by the Audit Committee on May 20, 2026
  • Adopted by the Board of Directors on May 20, 2026
  • Prepared in accordance with Indian Accounting Standards (Ind AS)
  • Audited by SDP M & Co., Chartered Accountants (FRN: 126741W)

Audit Opinion: Unmodified (clean) opinion issued for both standalone and consolidated financial results. The auditors confirmed that the results give a true and fair view in conformity with Ind AS and comply with SEBI Listing Regulations.

Declaration: The company submitted a declaration confirming that statutory auditors issued unmodified opinions on both standalone and consolidated financial results, in compliance with SEBI Circular No. CIR/CFD/CMD/56/2016 dated May 27, 2016.

Additional Information

  • The company was formerly known as M.D. Inducto Cast Ltd.
  • Consolidated financial statements include results of Rudra Aerospace & Defence Private Limited, a wholly owned subsidiary

Topic Tags: Regulatory Response, Financial Results, Segment Reporting Clarification, Compliance, Audit Opinion