Financial Performance Highlights (Quarter Ended 30 September 2026)
- Revenue from operations: ₹146.65 crore (Q2 FY26: ₹124.39 crore)
- Other operating income: ₹0.14 crore
- Other income: ₹1.74 crore
- Total income: ₹148.53 crore
- Net profit: ₹12.28 crore (Q2 FY26: ₹2.71 crore)
- Earnings per share (Basic & Diluted): ₹11.22 (not annualized)
Financial Performance Highlights (Half Year Ended 30 September 2026)
- Revenue from operations: ₹405.07 crore (H1 FY26: ₹338.58 crore)
- Other operating income: ₹0.30 crore
- Other income: ₹4.41 crore
- Total income: ₹409.78 crore
- Net profit: ₹38.80 crore (H1 FY26: ₹13.48 crore)
- Earnings per share (Basic & Diluted): ₹35.44 (not annualized)
Segment Performance (Quarter Ended 30 September 2026)
The company operates in two segments:
1. Building Material Segment: Revenue ₹143.14 crore, Segment profit ₹12.22 crore
2. Power Generation Segment: Revenue ₹6.66 crore, Segment profit ₹3.37 crore
Balance Sheet Position (As of 30 September 2026)
- Total assets: ₹560.07 crore (31 March 2026: ₹532.10 crore)
- Inventories: ₹175.63 crore
- Trade receivables: ₹31.49 crore
- Cash & cash equivalents: ₹2.42 crore
- Total equity: ₹439.99 crore
- Current liabilities: ₹113.57 crore
- Borrowings: ₹15.16 crore (current), ₹0.00 crore (non-current)
Expansion Projects Update
The company is undertaking two expansion projects:
1. Odisha Unit: Setting up a new unit for manufacturing Asbestos Corrugated Sheet with capacity of 120,000 MT
2. Maharashtra Unit: Initiating activities for a Non-Asbestos Cement Boards plant with capacity of 72,000 MT. Land has been identified and acquisition is in process.
Labour Code Implementation Impact
The Government of India implemented four Labour Codes effective 21 November 2025. The company recognized a one-time additional provision of ₹64.50 lakhs as an exceptional item in the financial results for the year ended 31 March 2026. The impact of the Code on Wages, 2019 is not material, and the company continues to assess implications of other Labour Codes.
Capital Structure
- Paid-up equity share capital: ₹10.95 crore
- Face value per share: ₹10
- Number of shares: 1,095,000 shares
Cash Flow (Half Year Ended 30 September 2026)
- Net cash from operating activities: ₹37.59 crore
- Net cash used in investing activities: ₹(35.23) crore
- Net cash used in financing activities: ₹(6.66) crore
- Net decrease in cash equivalents: ₹(2.30) crore