Financial Performance Highlights

Quarter Ended September 30, 2026 (Q2 FY27):

  • Revenue from Operations: ₹127.99 crore (compared to ₹131.91 crore in Q2 FY26, down 3%)
  • Total Income: ₹131.09 crore (including Other Income of ₹3.10 crore)
  • Profit Before Tax: ₹20.21 crore (compared to ₹28.68 crore in Q2 FY26)
  • Total Tax Expense: ₹4.49 crore (Current tax: ₹3.91 crore, Deferred tax: ₹0.58 crore)
  • Profit After Tax: ₹15.71 crore (compared to ₹21.51 crore in Q2 FY26, down 27%)
  • Basic and Diluted EPS: ₹2.05 (compared to ₹2.80 in Q2 FY26)

Half Year Ended September 30, 2026 (H1 FY27):

  • Revenue from Operations: ₹243.48 crore (compared to ₹266.80 crore in H1 FY26, down 9%)
  • Total Income: ₹250.74 crore (including Other Income of ₹7.26 crore)
  • Profit Before Tax: ₹34.38 crore (compared to ₹59.30 crore in H1 FY26)
  • Total Tax Expense: ₹8.81 crore (Current tax: ₹8.78 crore, Deferred tax: ₹0.03 crore)
  • Profit After Tax: ₹25.57 crore (compared to ₹44.20 crore in H1 FY26)
  • Basic and Diluted EPS: ₹3.33 (compared to ₹5.76 in H1 FY26)

Expense Breakdown (Q2 FY27)

  • Cost of materials consumed: ₹61.61 crore
  • Changes in inventories: (₹1.73) crore
  • Employee benefits expense: ₹20.75 crore
  • Depreciation and amortization: ₹5.48 crore
  • Finance Costs: ₹0.11 crore
  • Other expenses: ₹24.66 crore
  • Total Expenses: ₹110.88 crore

Balance Sheet Position (as of September 30, 2026)

  • Total Assets: ₹564.44 crore (compared to ₹555.59 crore as of March 31, 2026)
  • Non-Current Assets: ₹174.17 crore (Property, plant and equipment: ₹111.37 crore, Right of Use Asset: ₹5.32 crore, Capital work-in-progress: ₹15.44 crore)
  • Current Assets: ₹390.27 crore (Inventories: ₹128.44 crore, Trade receivables: ₹96.40 crore, Cash and cash equivalents: ₹2.70 crore)
  • Total Equity: ₹449.65 crore (Equity share capital: ₹7.67 crore, Other Equity: ₹441.98 crore)
  • Current Liabilities: ₹103.82 crore (Trade payables: ₹63.96 crore including ₹18.99 crore to micro and small enterprises)

Cash Flow Statement (H1 FY27)

  • Cash Generated From Operations: ₹42.89 crore
  • Income Tax paid: (₹12.75) crore
  • Net cash from operating activities: ₹30.14 crore
  • Net cash used in investing activities: (₹13.12) crore (Capital expenditure: ₹17.42 crore)
  • Net cash used in financing activities: (₹15.65) crore (Dividends paid: ₹15.30 crore)
  • Net increase in cash: ₹1.37 crore

Operational Highlights

  • Achieved highest-ever quarterly order booking of ₹192 crore in Q2 FY27, representing 37% growth over Q2 FY26
  • Unexecuted order book as of September 30, 2026 stood at ₹436 crore
  • Return on average Invested Capital (ROIC): 25% in Q2 FY27
  • Free Cash Flow: Negative ₹1.3 crore during Q2 FY27

Notes to Financial Results

1. The financial results were prepared in accordance with Ind AS 34 and comply with SEBI Listing Regulations

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

3. The audited financial results for year ended March 31, 2026 included an exceptional item of ₹4.78 crore related to Statutory Impact of new Labour Code on Defined Benefit Obligation

4. Consolidated Financial Results are not applicable as the company has no Subsidiary/Associate/Joint Venture

5. Previous period figures have been re-grouped wherever necessary

Auditor Review

MSKA & Associates LLP, Chartered Accountants & Statutory Auditors, conducted a limited review and issued an unqualified report stating that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement.

Disclosure Compliance

The extract of financial results will be published in Tamil and English newspapers within stipulated time as required under SEBI Listing Regulations.