Financial Performance Overview
Standalone Results (₹ in Crores)
Quarter Ended September 30, 2026:
- Total Income: ₹792.37
- Revenue from Operations: ₹781.27
- Other Income: ₹11.10
- Profit Before Tax: ₹42.15
- Profit After Tax: ₹30.84
- Basic EPS: ₹2.82
- Diluted EPS: ₹2.82
Half Year Ended September 30, 2026:
- Total Income: ₹1,566.92
- Revenue from Operations: ₹1,542.19
- Other Income: ₹24.73
- Profit Before Tax: ₹100.90
- Profit After Tax: ₹74.78
- Basic EPS: ₹6.85
- Diluted EPS: ₹6.84
Consolidated Results (₹ in Crores)
Quarter Ended September 30, 2026:
- Total Income: ₹1,066.80
- Revenue from Operations: ₹1,045.03
- Other Income: ₹21.77
- Profit Before Tax: ₹53.32
- Profit After Tax: ₹46.42
- Basic EPS: ₹4.24
- Diluted EPS: ₹4.23
- Profit attributable to shareholders: ₹46.29
Half Year Ended September 30, 2026:
- Total Income: ₹2,114.87
- Revenue from Operations: ₹2,076.97
- Other Income: ₹37.90
- Profit Before Tax: ₹132.91
- Profit After Tax: ₹108.76
- Basic EPS: ₹9.87
- Diluted EPS: ₹9.85
- Profit attributable to shareholders: ₹107.73
Key Financial Ratios (Consolidated)
As of September 30, 2026:
- Net Worth: ₹3,364.04 crores
- Outstanding Unsecured NCDs: ₹181.25 crores
- Debt Service Coverage Ratio: 0.17 times
- Interest Service Coverage Ratio: 4.05 times
- Debt Equity Ratio: 0.25 times
- Current Ratio: 0.88 times
- Operating Margin: 36.3%
- Net Profit Margin: 4.4%
Exceptional Items
- Q2 FY27: No exceptional items
- H1 FY27: Gain of ₹6.26 crores on sale of land and building at Haridwar, Uttarakhand (already classified under "Assets held for sale")
- Q2 FY25: Net loss of ₹7.84 crores on sale of land and buildings at Roorkee, Uttarakhand and Somapura Hobli, Bangalore
- FY26: Net gain of ₹7.93 crores on sale of land and buildings at Roorkee, Uttarakhand; Dabaspet, Bangalore; and Jhagadia, Gujarat
Subsequent Events
1. NCD Repayment: The company fully repaid its listed unsecured Non-Convertible Debentures of ₹181.25 crores along with accrued interest on October 6, 2026.
2. Change in Subsidiary Status: The company entered into an amendment agreement on October 1, 2026 with House of Kieraya Limited and its significant shareholders to amend the Affirmative Vote Matters in the Shareholders' Agreement. Consequently, House of Kieraya Limited changed from a jointly controlled entity to a subsidiary effective October 1, 2026. No impact has been considered in the Q2 and H1 FY27 results.
Board Meeting Details
The Board Meeting was held on November 02, 2026, commencing at 02:15 PM and concluding at 06:45 PM. The financial results were reviewed by the Audit Committee and approved by the Board of Directors.
Segment Reporting
The Group is mainly engaged in manufacturing products of the same type/class with no reportable business segments. Geographical segment analysis shows:
- Q2 FY26 Revenue: Within India ₹791.51 crores, Outside India ₹253.52 crores
- H1 FY26 Revenue: Within India ₹1,560.72 crores, Outside India ₹516.25 crores
- Non-current Assets: Within India ₹2,953.81 crores, Outside India ₹809.14 crores
Capital Structure
Paid-up Equity Share Capital remains unchanged at ₹54.60 crores (Face value of ₹5/- each) for both standalone and consolidated entities.