Financial Results for Quarter Ended June 30, 2026

Revenue and Expenses

  • Revenue from operations: Rs. 87.37 crore (Q1 FY27) vs Rs. 127.55 crore (Q1 FY26)
  • Total revenue: Rs. 87.37 crore (Q1 FY27) vs Rs. 127.68 crore (Q1 FY26)
  • Cost of materials consumed: Rs. 65.86 crore
  • Changes in inventories: Rs. (7.93) crore
  • Employee benefits expense: Rs. 3.36 crore
  • Finance costs: Rs. 6.25 crore
  • Depreciation and amortization: Rs. 2.77 crore
  • Power cost: Rs. 7.37 crore
  • Other expenses: Rs. 3.57 crore
  • Total expenses: Rs. 82.84 crore

Profitability Metrics

  • Profit before tax and exceptional items: Rs. 4.53 crore vs Rs. (12.93) crore loss (Q1 FY26)
  • Tax expense: Rs. 1.44 crore (Current tax: Rs. 0.53 crore, Deferred tax: Rs. 0.91 crore)
  • Net profit for the period: Rs. 3.09 crore vs Rs. (9.67) crore loss (Q1 FY26)
  • Other comprehensive income: Rs. 0.09 crore
  • Total comprehensive income: Rs. 2.18 crore

Share Capital and EPS

  • Paid-up equity share capital: Rs. 14.44 crore (Face value Rs. 10 per share)
  • Basic EPS: Rs. 0.21 vs Rs. (1.19) (Q1 FY26)
  • Diluted EPS: Rs. 0.21 vs Rs. (1.14) (Q1 FY26)

Board Appointments

  • Mrs. Monika Goyal (DIN: 11881952) appointed as Additional Director in capacity of Non-Executive, Independent Woman Director
  • Effective from August 14, 2026 for consecutive period of 5 years
  • Appointment subject to approval of members of the company
  • Not related to any existing directors or promoters
  • Not debarred from holding office by any SEBI order or authority
  • Profile: Law graduate, Fellow Company Secretary (FCS), member of ICSI, B.Com, LLB, with 12 years experience in corporate law, compliance, and governance

Annual General Meeting

  • Board approved Directors' Report for year ended March 31, 2026
  • 23rd Annual General Meeting scheduled for September 25, 2026
  • Mr. Kamlesh M. Shah of M/s. Kamlesh M. Shah, Practicing Company Secretaries, Ahmedabad appointed as Scrutinizer for e-voting process

Audit Review

  • Parikh & Majmudar, Chartered Accountants conducted limited review of financial results
  • Review conducted in accordance with Standard on Review Engagements (SRE) 2410
  • No material misstatement identified in the financial results
  • Financial results prepared in accordance with Ind AS 34 and SEBI Listing Regulations

Business Segment Disclosure

  • Company manufactures Ferro Alloys & Sponge Iron used in Iron & Steel Industry
  • Power generated in company's power plant used for captive purpose
  • Management has not made disclosure of Primary Reportable segment as per Ind AS 108
  • Indian Geography considered as only secondary reportable business segment

Meeting Details

  • Board meeting commenced at 11:30 hrs and concluded at 12:40 hrs on August 14, 2026