Key Financial Figures - Standalone (₹ in Lakhs)
Income Statement
- Revenue From Operations: ₹2,219.83 (Q1 FY27) vs ₹2,172.76 (Q4 FY26) vs ₹1,687.88 (Q1 FY26)
- Other Income: ₹15.04 (Q1 FY27) vs ₹64.79 (Q4 FY26) vs ₹3.75 (Q1 FY26)
- Total Income: ₹2,234.87 (Q1 FY27) vs ₹2,237.55 (Q4 FY26) vs ₹1,691.63 (Q1 FY26)
- Cost of Materials Consumed: ₹1,573.50 (Q1 FY27) vs ₹2,212.43 (Q4 FY26) vs ₹1,340.21 (Q1 FY26)
- Employee Benefit Expenses: ₹145.05 (Q1 FY27) vs ₹155.97 (Q4 FY26) vs ₹125.03 (Q1 FY26)
- Finance Costs: ₹88.67 (Q1 FY27) vs ₹61.18 (Q4 FY26) vs ₹47.81 (Q1 FY26)
- Depreciation & Amortization: ₹22.60 (Q1 FY27) vs ₹29.36 (Q4 FY26) vs ₹17.18 (Q1 FY26)
- Profit Before Tax: ₹31.88 (Q1 FY27) vs (₹320.97) (Q4 FY26) vs (₹128.98) (Q1 FY26)
- Tax Expense (Deferred): ₹9.02 (Q1 FY27) vs (₹68.24) (Q4 FY26) vs (₹28.01) (Q1 FY26)
- Profit After Tax: ₹22.86 (Q1 FY27) vs (₹252.73) (Q4 FY26) vs (₹100.97) (Q1 FY26)
- Total Comprehensive Income: ₹23.34 (Q1 FY27) vs (₹248.50) (Q4 FY26) vs (₹101.73) (Q1 FY26)
Per Share Data & Capital
- Basic EPS: ₹0.05 (Q1 FY27) vs (₹0.58) (Q4 FY26) vs (₹0.23) (Q1 FY26)
- Diluted EPS: ₹0.05 (Q1 FY27) vs (₹0.58) (Q4 FY26) vs (₹0.23) (Q1 FY26)
- Paid-up Equity Share Capital: ₹2,165.00 (unchanged across all periods)
Key Financial Figures - Consolidated (₹ in Lakhs)
Income Statement
- Revenue From Operations: ₹2,220.07 (Q1 FY27) vs ₹2,100.86 (Q4 FY26) vs ₹1,751.80 (Q1 FY26)
- Other Income: ₹11.56 (Q1 FY27) vs ₹57.96 (Q4 FY26) vs ₹3.75 (Q1 FY26)
- Total Income: ₹2,231.63 (Q1 FY27) vs ₹2,158.82 (Q4 FY26) vs ₹1,755.55 (Q1 FY26)
- Profit Before Tax: ₹40.97 (Q1 FY27) vs (₹302.89) (Q4 FY26) vs (₹180.86) (Q1 FY26)
- Tax Expense (Deferred): ₹11.11 (Q1 FY27) vs (₹74.17) (Q4 FY26) vs (₹12.96) (Q1 FY26)
- Profit After Tax: ₹29.86 (Q1 FY27) vs (₹228.72) (Q4 FY26) vs (₹167.90) (Q1 FY26)
- Total Comprehensive Income: ₹30.34 (Q1 FY27) vs (₹224.49) (Q4 FY26) vs (₹168.66) (Q1 FY26)
- Profit Attributable to Owners: ₹34.61 (Q1 FY27) vs (₹241.75) (Q4 FY26) vs (₹159.60) (Q1 FY26)
- Profit Attributable to Non-Controlling Interest: (₹4.75) (Q1 FY27) vs ₹13.03 (Q4 FY26) vs (₹8.30) (Q1 FY26)
Per Share Data & Capital
- Basic EPS: ₹0.08 (Q1 FY27) vs (₹0.56) (Q4 FY26) vs (₹0.37) (Q1 FY26)
- Diluted EPS: ₹0.08 (Q1 FY27) vs (₹0.56) (Q4 FY26) vs (₹0.37) (Q1 FY26)
- Paid-up Equity Share Capital: ₹2,165.00 (unchanged across all periods)
Auditor's Qualified Opinion
R D V & Associates issued a qualified opinion on both standalone and consolidated results, highlighting three key areas of concern:
1. Inventory Valuation: The company identified slow/non-moving inventories amounting to ₹149.25 lakhs. Management believes the net realizable value is higher than carrying cost and thus made no provision for obsolescence. However, auditors noted that management has not carried out an assessment of inventory ageing, obsolete inventories, and net realizable value. The impact on profit is unascertainable. This qualification was also present in the report for the quarter and year ended March 31, 2026.
2. Advances to Suppliers: Advances to suppliers and others aggregating ₹210.66 lakhs include old outstanding advances (some outstanding for more than three years) with no significant movement or recovery, indicating uncertainty regarding recoverability. Management has not assessed recoverability and made no provision. The impact on profit is unascertainable. This qualification was also present in the previous report.
3. Trade Receivables: Trade receivables aggregating ₹4,862.30 lakhs (standalone) / ₹5,273.38 lakhs (consolidated) include old outstanding balances (some over three years) from parties with no recent transactions. Management has not computed Expected Credit Losses (ECL) under Ind AS 109. The impact on ECL provision, carrying value, and profit is unascertainable. This qualification was also present in the previous report.
Emphasis of Matter
Auditors drew attention to two notes without modifying their opinion:
1. Sequential Settlement Arrangements: The company has arrangements with certain vendors whereby vendor liabilities are settled upon realization of payments against executed contracts. Trade receivables from these arrangements are considered in stock statements submitted to lending banks for working capital facilities.
2. Investment in Subsidiary: The company's investment in Sharika Spintech Private Limited ("Spintech"), comprising equity and loans, amounts to ₹579.69 lakhs as of June 30, 2026. Despite Spintech having accumulated losses of ₹514.68 lakhs, management believes the carrying value is appropriate. This view is supported by a Preliminary Agreement with Brazil's SPIN Engenharia for collaboration on smart grid automation solutions and identified projects under negotiation.
Notes to Financial Results
- The financial results are prepared in accordance with Ind AS prescribed under the Companies Act, 2013.
- The company is primarily engaged in the Engineering, Procurement and Construction (EPC) business relating to Electrical Cables, Capacitors, Wires, Conductors, and Turnkey Projects. It operates as a single reportable segment.
- Certain balances including trade payables, advances from customers, loans, advances, receivables, other assets, and liabilities are subject to reconciliation. Adjustments and related disclosures (including MSME and interest payable) are not currently ascertainable.
- The figures for the quarter ended March 31, 2026 (Q4 FY26), are balancing figures between audited annual figures and previously published nine-month results.
Entities Included in Consolidation
- Holding Company: Sharika Enterprises Limited
- Subsidiaries: Sharika Spintech Private Limited, Sharika Smartec Private Limited, Contronics Switchgear India Private Limited