Financial Performance Highlights (₹ in Lacs)

Revenue Performance:

  • Revenue from operations: ₹3,739.46 lacs (Q1 FY27) vs ₹3,283.97 lacs (Q1 FY26) - 13.9% increase
  • Sales of products (Net of GST): ₹3,738.92 lacs
  • Other operating revenues: ₹0.54 lacs
  • Other income: ₹43.88 lacs
  • Total revenue: ₹3,783.34 lacs

Profitability Metrics:

  • Profit before exceptional items and tax: ₹219.75 lacs (Q1 FY27) vs ₹101.35 lacs (Q1 FY26) - 116.8% increase
  • Profit before tax: ₹219.75 lacs
  • Profit after tax: ₹219.75 lacs
  • Total comprehensive income: ₹219.75 lacs

Earnings Per Share:

  • Basic & Diluted EPS: ₹0.51 (Q1 FY27) vs ₹0.24 (Q1 FY26)

Comparative Performance:

  • Q1 FY27 vs Q1 FY26: Revenue increased by 13.9%, profit before tax increased by 116.8%
  • Previous quarter (Q4 FY26 audited): Profit before tax was ₹231.66 lacs
  • Full year FY26 audited: Profit before tax was ₹581.98 lacs

Capital Structure

  • Paid-up equity share capital: ₹855.10 lacs (unchanged from previous periods)
  • Reserves excluding revaluation reserves: ₹3,684.62 lacs (as of June 30, 2026)

Shareholding Pattern

  • Public shareholding: 1,46,90,796 equity shares (34.36%)
  • Promoters and promoter group shareholding: 2,80,93,308 equity shares (65.64%)
  • Pledged/encumbered shares: 1,26,50,481 shares (45.03% of promoter holding, 29.57% of total capital)
  • Non-encumbered shares: 1,54,42,827 shares (54.97% of promoter holding, 36.09% of total capital)

Auditor's Review

Khandelwal Ray & Co., Chartered Accountants (FR No. 302035E) issued a limited review report stating that nothing came to their attention causing them to believe the financial results contain material misstatements. The review was conducted in accordance with Standard on Review Engagement (SRE) 2410.

Key qualifications noted by auditors:

  • No provision made for contingent liabilities as required under Ind AS-37 (quantum unascertained as disclosed in Note no.7)
  • No provision for deferred tax assets and/or liabilities

Notes to Financial Results

Accounting Treatment:

  • Financial results prepared in accordance with Ind AS prescribed under Companies Act, 2013
  • Actuarial valuations under Ind AS 19 (Employee Benefits) to be considered at year-end finalization
  • Fair valuation gain/(loss) on investments per Ind AS 109 to be considered at year-end
  • Current tax, if any, to be considered at year-end finalization
  • Depreciation for the quarter is estimated; short/excess to be adjusted at year-end
  • Deferred tax credit, if any, to be considered at year-end as per Ind AS-12

Contingent Liabilities (Not provided for):

  • Claims against company not acknowledged as debts: ₹77.28 lacs
  • Income Tax Authority demands under appeals: ₹524.27 lacs
  • Various government authority demands (Sales Tax, GST, Excise, etc.) under appeals: ₹811.20 lacs
  • Liability likely to arise on re-opening of cases by various authorities: amount unascertained

Loan Facilities:

  • Kotak Mahindra Bank enhanced Cash Credit Limit from ₹15 crore to ₹20 crore
  • LC facilities of ₹1.45 crore converted to foreign currency Term Loan within overall limit of ₹23.19 crore, repayable in 36 months starting September 2025
  • Working Capital Term Loan of ₹1.92 crore availed under ECLG Scheme, repayable in 60 months (with 24 months moratorium) starting February 2022
  • Unsecured loans from promoters (₹13.75 lacs) and certain bodies corporate (₹11.25 lacs) repayable after settled dues of secured creditors as per BIFR rehabilitation scheme

Additional Information:

  • Figures for preceding 3 months ended March 31, 2026 are balancing figures between audited full-year and published year-to-date figures
  • Previous period figures regrouped/rearranged where necessary
  • Results approved by Board of Directors on August 11, 2026
  • Prepared as per Clause 41 of the Listing Agreement