Board Meeting Details

The Board Meeting commenced at 3:00 p.m. and concluded at 5:45 p.m. on November 04, 2026. The Board approved:

1. Unaudited Financial Results (Standalone and Consolidated) for the second quarter and half year ended September 30, 2026

2. Limited Review Report issued by Statutory Auditors

3. Other businesses as per circulated agenda

Financial Results Overview

Standalone Performance (Rupees in Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹2,457.85
  • Other Income: ₹1.58
  • Total Revenue: ₹2,459.43
  • Total Expenses: ₹2,191.48
  • Profit before tax: ₹267.95
  • Tax Expenses: ₹124.65
  • Profit for the period: ₹143.30
  • Total Comprehensive Income: ₹170.36
  • EPS (Basic and Diluted): ₹2.33

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹4,760.12
  • Other Income: ₹293.84
  • Total Revenue: ₹5,053.96
  • Profit for the period: ₹518.87
  • EPS (Basic and Diluted): ₹8.44

Consolidated Performance (Rupees in Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹2,692.71
  • Other Income: (₹12.32)
  • Total Revenue: ₹2,680.39
  • Profit for the period: ₹114.13
  • Total Comprehensive Income: ₹141.19
  • EPS (Basic and Diluted): ₹1.86

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹5,213.06
  • Profit for the period: ₹449.58
  • EPS (Basic and Diluted): ₹7.31

Segment-wise Performance

The company operates in three reportable segments:

1. Gravure rollers: Q2 FY27 revenue ₹2,329.67 lakhs (Standalone), ₹2,564.53 lakhs (Consolidated)

2. Power generation: Q2 FY27 revenue ₹103.06 lakhs (both Standalone and Consolidated)

3. Others: Q2 FY27 revenue ₹128.18 lakhs (Standalone), ₹128.19 lakhs (Consolidated)

Exceptional Items

The financial results include an exceptional item of ₹252.16 lakhs (both standalone and consolidated) representing the statutory impact of new Labour Codes (Code on Wages, 2019; Industrial Relations Code, 2020; Code on Social Security, 2020; and Occupational Safety, Health and Working Conditions Code, 2020) implemented in FY26. This primarily arises due to change in wage definition.

Subsidiary Information

Consolidated results include subsidiary M/s. Etone India Private Limited, Kolkata. The subsidiary reported:

  • Total assets: ₹-161.14 lakhs as at September 30, 2026
  • Total revenue: ₹220.96 lakhs (Q2 FY27) and ₹423.36 lakhs (H1 FY27)
  • Net loss after tax: ₹29.17 lakhs (Q2 FY27) and ₹69.29 lakhs (H1 FY27)
  • Cash inflow: ₹21.91 lakhs (H1 FY27)

The subsidiary's results were reviewed by other auditors whose report dated October 28, 2024 was furnished to the management.

Balance Sheet Position (as at September 30, 2026)

Standalone:

  • Total Assets: ₹13,581.33 lakhs
  • Equity Share Capital: ₹614.98 lakhs
  • Other Equity: ₹10,502.60 lakhs
  • Total Liabilities: ₹2,463.75 lakhs

Consolidated:

  • Total Assets: ₹13,420.19 lakhs
  • Equity Share Capital: ₹614.98 lakhs
  • Other Equity: ₹10,193.17 lakhs
  • Total Liabilities: ₹2,612.04 lakhs

Cash Flow Statement (H1 FY27)

Standalone:

  • Net cash from operating activities: ₹589.50 lakhs
  • Net cash used in investing activities: (₹497.99) lakhs
  • Net cash from financing activities: ₹193.25 lakhs
  • Net increase in cash: ₹284.76 lakhs
  • Cash equivalents at end: ₹419.60 lakhs

Consolidated:

  • Net cash from operating activities: ₹714.87 lakhs
  • Net cash used in investing activities: (₹600.09) lakhs
  • Net cash from financing activities: ₹191.88 lakhs
  • Net increase in cash: ₹306.67 lakhs
  • Cash equivalents at end: ₹443.00 lakhs

Taxation

The company has not elected to exercise its option permitted U/S 115BAA of the Income Tax Act, 1961. Current tax for the quarter and six months ended September 30, 2026 has been provided based on normal provisions of Income-Tax.

Auditor Review

Shah & Shah Associates, Chartered Accountants issued unmodified review reports for both standalone and consolidated financial results, confirming compliance with SEBI Regulation 33 and Indian Accounting Standards.

Additional Information

  • Other income includes net gain on sale of investment: ₹141.71 lakhs (H1 FY27) and ₹38.73 lakhs (H1 FY26)
  • Net gain on investments measured at FVTPL: ₹109.80 lakhs (H1 FY27) and ₹214.92 lakhs (H1 FY26)
  • The financial results are available on the company's website www.shilpgravures.com and stock exchange websites