Board Meeting Details

The Board of Directors meeting was held on November 05, 2026, at the Registered Office in Bhavnagar. The meeting commenced at 3:00 PM and concluded at 6:30 PM. The board:

  • Considered, approved and took on record the un-audited Standalone Financial Results for quarter ended September 30, 2026
  • Considered, approved and took on record the un-audited Consolidated Financial Results for quarter ended September 30, 2026

Standalone Financial Results (Amounts in ₹ Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹16,015.42
  • Other Business Income: ₹20.48
  • Total Income: ₹16,035.89
  • Total Expenses: ₹15,788.40
  • Profit Before Tax: ₹247.49
  • Total Tax Expenses: ₹62.71
  • Net Profit After Tax: ₹184.79
  • Total Comprehensive Income: ₹184.79
  • Earnings Per Share (Basic & Diluted): ₹0.18

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹31,971.74
  • Other Business Income: ₹28.43
  • Total Income: ₹32,000.18
  • Total Expenses: ₹31,270.26
  • Profit Before Tax: ₹729.92
  • Total Tax Expenses: ₹182.92
  • Net Profit After Tax: ₹547.00
  • Total Comprehensive Income: ₹547.00
  • Earnings Per Share (Basic & Diluted): ₹0.55

Comparative Figures (Quarter Ended September 30, 2025):

  • Revenue from Operations: ₹14,954.23
  • Other Business Income: ₹0.00
  • Total Income: ₹14,954.23
  • Total Expenses: ₹14,382.90
  • Profit Before Tax: ₹571.33
  • Total Tax Expenses: ₹124.58
  • Net Profit After Tax: ₹391.36
  • Total Comprehensive Income: ₹391.36
  • Earnings Per Share (Basic & Diluted): ₹0.39

Consolidated Financial Results (Amounts in ₹ Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹16,015.42
  • Other Business Income: ₹20.48
  • Total Income: ₹16,035.89
  • Total Expenses: ₹15,788.41
  • Profit Before Tax: ₹247.48
  • Total Tax Expenses: ₹62.71
  • Net Profit After Tax: ₹184.77
  • Total Comprehensive Income: ₹184.77
  • Earnings Per Share (Basic & Diluted): ₹0.18

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹31,971.74
  • Other Business Income: ₹28.43
  • Total Income: ₹32,000.18
  • Total Expenses: ₹31,702.80
  • Profit Before Tax: ₹729.90
  • Total Tax Expenses: ₹182.92
  • Net Profit After Tax: ₹546.97
  • Total Comprehensive Income: ₹546.97
  • Earnings Per Share (Basic & Diluted): ₹0.55

Comparative Figures (Quarter Ended September 30, 2025):

  • Revenue from Operations: ₹13,643.71
  • Other Business Income: ₹7.25
  • Total Income: ₹13,650.96
  • Total Expenses: ₹13,498.01
  • Profit Before Tax: ₹152.96
  • Total Tax Expenses: ₹34.33
  • Net Profit After Tax: ₹118.63
  • Total Comprehensive Income: ₹118.63
  • Earnings Per Share (Basic & Diluted): ₹0.12

Capital Structure

  • Paid-up Equity Share Capital: ₹501.72 lakh (Face value ₹5 per share)
  • This remained unchanged from previous periods

Assets and Liabilities Position (As of September 30, 2026)

Standalone (Unaudited):

  • Total Assets: ₹42,505.03 lakh
  • Non-Current Assets: ₹10,771.59 lakh
  • Current Assets: ₹31,773.88 lakh
  • Total Equity and Liabilities: ₹42,505.03 lakh
  • Equity: ₹14,047.07 lakh
  • Non-Current Liabilities: ₹5,572.93 lakh
  • Current Liabilities: ₹22,125.03 lakh

Consolidated (Unaudited):

  • Total Assets: ₹42,535.65 lakh
  • Non-Current Assets: ₹10,726.69 lakh
  • Current Assets: ₹31,808.95 lakh
  • Total Equity and Liabilities: ₹42,535.65 lakh
  • Equity: ₹14,419.45 lakh
  • Non-Current Liabilities: ₹5,573.74 lakh
  • Current Liabilities: ₹22,142.46 lakh

Cash Flow Statement (Half Year Ended September 30, 2026)

Standalone:

  • Net Cash from Operating Activities: ₹(33.60) lakh
  • Net Cash from Investing Activities: ₹(1,128.14) lakh
  • Net Cash from Financing Activities: ₹1,158.31 lakh
  • Net Increase in Cash & Cash Equivalents: ₹(3.44) lakh
  • Closing Cash Balance: ₹85.43 lakh

Consolidated:

  • Net Cash from Operating Activities: ₹(33.62) lakh
  • Net Cash from Investing Activities: ₹(1,128.12) lakh
  • Net Cash from Financing Activities: ₹1,158.31 lakh
  • Net Increase in Cash & Cash Equivalents: ₹(3.44) lakh
  • Closing Cash Balance: ₹85.43 lakh

Auditor Review

Statutory auditors SDPM & Co. issued unmodified limited review reports for both standalone and consolidated financial results. The review was conducted in accordance with SRE 2410 issued by ICAI. The auditors stated that nothing came to their attention that causes them to believe that the statements contain any material misstatement.

The consolidated results include the subsidiary Rudra Aerospace and Defence Private Limited.

Notes to Financial Results

  • Financial results prepared in accordance with Indian Accounting Standards (Ind AS)
  • Figures for previous periods regrouped/rearranged/reclassified where necessary
  • Results reviewed by Audit Committee and adopted by Board of Directors on November 05, 2026
  • Management confirms exercise of necessary diligence to ensure true and fair view