Financial Results for Quarter Ended June 30, 2026

Unaudited Standalone Financial Results (₹ Crores):

  • Revenue from Operations: ₹115.49
  • Other Income: ₹4.36
  • Total Income: ₹119.65
  • Total Expenses: ₹105.48
  • Cost of materials consumed: ₹70.87
  • Changes in inventories: (₹0.38)
  • Employee benefits expense: ₹19.78
  • Depreciation and amortization: ₹5.06
  • Finance Costs: ₹0.11
  • Other expenses: ₹20.64
  • Profit Before Tax and Exceptional Items: ₹14.17
  • Exceptional Items: Statutory Impact of new Labour Code: ₹3.22 (refer to Note 4)
  • Profit Before Tax: ₹10.17
  • Tax Expense: ₹4.32
  • Current tax: ₹4.87
  • Deferred tax benefit: (₹0.55)
  • Profit After Tax: ₹9.85
  • Other comprehensive income: (₹0.10)
  • Total comprehensive income: ₹9.85
  • Paid-up equity share capital: ₹7.67 (Face value of ₹1 each)
  • Earnings Per Share (₹):
  • Basic EPS: ₹1.28
  • Diluted EPS: ₹1.28

Comparative Figures:

  • Q1 FY26 Revenue: ₹134.89 crore
  • Q1 FY26 Profit Before Tax: ₹30.62 crore
  • Q1 FY26 Profit After Tax: ₹26.69 crore

Key Operational Metrics

  • Return on average Invested Capital (ROIC): 17% in Q1 FY27
  • Free Cash Flow generated: ₹16.2 crore during Q1 FY27
  • Unexecuted order book as on June 30, 2026: ₹378 crore

Management Change

Mr. Malliraj S resigned as Head - Strategic Sourcing of the Company effective closing hours of September 15, 2026 due to personal reasons.

Notes to Financial Results

1. The Company's main business is manufacture of Gearboxes and Gear Products with no separate reportable segments

2. Exceptional item of ₹3.22 crore represents statutory impact of new Labour Code implementation based on actuarial valuation

3. The incremental impact arises primarily due to change in wage definition under the new labour codes

4. The Company continues to monitor finalization of Central/State Rules and government clarifications

5. Consolidated financial results not applicable as the Company has no Subsidiary/Associate/Joint Venture

Meeting Details

The Board meeting commenced at 12:00 PM and concluded at 12:30 PM on July 29, 2026.

Auditor's Review

MSKA & Associates LLP conducted limited review and concluded that nothing has come to their attention that causes them to believe the financial results contain any material misstatement.