Board Meeting Details
The Board of Directors meeting was held on October 30, 2026, from 01:10 PM to 01:40 PM, where the financial results were approved. The results were reviewed by the Audit Committee and subsequently approved by the Board.
Financial Performance Highlights (Standalone)
Income Statement
- Revenue from operations: ₹5,758.91 lakhs (vs. ₹4,943.42 lakhs in H1 FY26, ₹5,363.36 lakhs in H1 FY25)
- Other income: ₹93.16 lakhs (vs. ₹119.52 lakhs in H1 FY26)
- Total income: ₹5,852.07 lakhs
- Cost of materials consumed: ₹2,149.13 lakhs
- Employee benefits expenses: ₹990.06 lakhs
- Finance costs: ₹49.13 lakhs
- Depreciation and amortization: ₹196.65 lakhs
- Other expenses: ₹1,300.54 lakhs
- Profit before tax: ₹1,253.11 lakhs (vs. ₹540.38 lakhs in H1 FY26)
- Current tax: ₹312.93 lakhs
- Deferred tax: Not quantified
- Short/(excess) provision for income tax of earlier year: ₹(4.75) lakhs
- Total tax expenses: ₹308.18 lakhs
- Net profit: ₹944.93 lakhs (vs. ₹382.19 lakhs in H1 FY26)
- Basic EPS: ₹8.70 (vs. ₹3.52 in H1 FY26)
- Diluted EPS: ₹8.70 (vs. ₹3.52 in H1 FY26)
Balance Sheet (Standalone)
- Share capital: ₹1,086.00 lakhs (unchanged)
- Reserves & surplus: ₹10,939.76 lakhs (vs. ₹10,114.30 lakhs as of March 31, 2026)
- Long term borrowings: ₹119.36 lakhs (vs. ₹187.70 lakhs)
- Deferred tax liabilities: ₹45.14 lakhs (vs. ₹49.89 lakhs)
- Short term borrowings: ₹1,324.20 lakhs (vs. ₹688.79 lakhs)
- Trade payables: ₹2,128.19 lakhs (micro enterprises: ₹375.14 lakhs, others: ₹1,753.05 lakhs)
- Total assets: ₹16,178.05 lakhs (vs. ₹14,254.86 lakhs)
- Inventories: ₹7,449.47 lakhs (vs. ₹6,235.41 lakhs)
- Trade receivables: ₹2,917.29 lakhs (vs. ₹2,370.40 lakhs)
- Cash and cash equivalents: ₹83.44 lakhs (vs. ₹506.69 lakhs)
Cash Flow Statement (Standalone)
- Net cash from operating activities: ₹(610.76) lakhs (negative)
- Net cash from investing activities: ₹(210.98) lakhs (negative)
- Net cash from financing activities: ₹398.49 lakhs (positive)
- Net decrease in cash: ₹(423.25) lakhs
Financial Performance Highlights (Consolidated)
- Revenue from operations: ₹5,758.91 lakhs
- Other income: ₹93.16 lakhs
- Total income: ₹5,852.07 lakhs
- Profit before tax: ₹1,194.85 lakhs (vs. ₹463.02 lakhs in H1 FY26)
- Current tax: ₹312.93 lakhs
- Deferred tax: ₹(5.20) lakhs
- Total tax expenses: ₹307.73 lakhs
- Net profit: ₹887.12 lakhs (vs. ₹311.79 lakhs in H1 FY26)
- Basic EPS: ₹8.17 (vs. ₹2.87 in H1 FY26)
- Diluted EPS: ₹8.17 (vs. ₹2.87 in H1 FY26)
Key Notes and Disclosures
1. The financial results were prepared in accordance with Accounting Standards (AS) as the company is exempt from IND-AS adoption as it is listed on SME platform.
2. The company is exclusively engaged in mechanical seals and allied activities, constituting a single reportable business segment.
3. The company raised ₹4,162.50 lakhs through its Initial Public Offer, with shares listed on BSE SME platform on March 1, 2023. The entire proceeds were utilized by March 31, 2026, with no unutilized balance as of September 30, 2026.
4. Figures for previous periods have been regrouped/reclassified for comparability.
5. The results were reviewed by statutory auditors YRKDAJ & Associates LLP who issued an unmodified opinion.
Auditor Review
The statutory auditors, YRKDAJ & Associates LLP (Firm Registration No.: W100288), reviewed the financial results and concluded that nothing has come to their attention that causes them to believe that the statement contains any material misstatement.
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