Date: November 04, 2026
Financial Results (Standalone & Consolidated)
Half Year Ended September 30, 2026 (Un-Audited) vs September 30, 2025 (Un-Audited) vs Year Ended March 31, 2026 (Audited)
- Total Income: ₹24,482.92 lakhs (H1 FY2027) vs ₹20,479.70 lakhs (H1 FY2026) vs ₹41,202.52 lakhs (FY2026)
- Revenue from Operations: ₹24,312.65 lakhs (H1 FY2027) vs ₹20,396.51 lakhs (H1 FY2026) vs ₹40,957.97 lakhs (FY2026)
- Other Income: ₹170.27 lakhs (H1 FY2027) vs ₹83.19 lakhs (H1 FY2026) vs ₹244.55 lakhs (FY2026)
- Total Expenses: ₹27,966.28 lakhs (H1 FY2027) vs ₹23,226.92 lakhs (H1 FY2026) vs ₹48,166.69 lakhs (FY2026)
- Cost of materials consumed: ₹8,358.76 lakhs
- Changes in inventories: (₹167.20) lakhs
- Consumption of stores & spares: ₹2,577.62 lakhs
- Employee benefits expense: ₹3,015.78 lakhs
- Depreciation and amortization: ₹1,760.71 lakhs
- Job work charges: ₹963.77 lakhs
- Finance Cost: ₹4,140.47 lakhs
- Other expenses: ₹7,316.37 lakhs
- Profit/(Loss) before exceptional items and tax: (₹3,483.36) lakhs (H1 FY2027) vs (₹2,747.22) lakhs (H1 FY2026) vs (₹6,964.17) lakhs (FY2026)
- Exceptional Items: Not specified for current period
- Profit before tax after exceptional item: (₹3,483.36) lakhs
- Tax Expense: ₹0 lakhs (Current Tax: ₹0, Deferred Tax: ₹0)
- MAT Credit Reversal: ₹0 lakhs
- Net Profit/(Loss) after tax: (₹3,483.36) lakhs (H1 FY2027) vs (₹3,007.93) lakhs (H1 FY2026) vs (₹8,133.16) lakhs (FY2026)
- Other Comprehensive Income: ₹0 lakhs
- Total Comprehensive Income/(Loss): (₹3,483.36) lakhs (H1 FY2027) vs (₹2,972.04) lakhs (H1 FY2026) vs (₹8,205.27) lakhs (FY2026)
- Paid up equity share capital: ₹2,629.90 lakhs (Face value ₹2)
- Other Equity: (₹10,181.46) lakhs
- Earnings per Share (Basic & Diluted): (₹2.65) (H1 FY2027) vs (₹2.29) (H1 FY2026) vs (₹6.19) (FY2026)
Quarter Ended September 30, 2026 (Un-Audited) vs June 30, 2026 (Un-Audited) vs September 30, 2025 (Un-Audited)
- Total Income: ₹13,461.72 lakhs (Q2) vs ₹11,021.20 lakhs (Q1) vs ₹11,365.21 lakhs (Q2 FY2026)
- Revenue from Operations: ₹13,354.83 lakhs (Q2) vs ₹10,957.82 lakhs (Q1) vs ₹11,323.36 lakhs (Q2 FY2026)
- Other Income: ₹106.89 lakhs (Q2) vs ₹63.38 lakhs (Q1) vs ₹41.85 lakhs (Q2 FY2026)
- Net Profit/(Loss) after tax: (₹1,384.42) lakhs (Q2) vs (₹2,098.94) lakhs (Q1) vs (₹1,242.32) lakhs (Q2 FY2026)
- Earnings per Share: (₹1.05) (Q2) vs (₹1.60) (Q1) vs (₹0.94) (Q2 FY2026)
Balance Sheet Highlights as at September 30, 2026
- Total Assets: ₹46,672.08 lakhs (vs ₹46,888.07 lakhs as at March 31, 2026)
- Non-current assets: ₹29,458.16 lakhs (including Property, plant and equipment: ₹25,638.96 lakhs, Deferred tax assets: ₹1,989.25 lakhs)
- Current assets: ₹17,213.92 lakhs (including Inventories: ₹8,380.03 lakhs, Trade receivables: ₹5,961.88 lakhs)
- Equity: Negative ₹7,551.56 lakhs (Equity share capital: ₹2,629.90 lakhs, Other equity: (₹10,181.46) lakhs)
- Non-current liabilities: ₹11,479.71 lakhs (including Borrowings: ₹10,381.68 lakhs)
- Current liabilities: ₹42,743.93 lakhs (including Borrowings: ₹31,059.10 lakhs, Trade payables: ₹4,511.92 lakhs)
Cash Flow Statement for Half Year Ended September 30, 2026
- Net cash from operating activities: ₹1,684.32 lakhs
- Net cash from investing activities: ₹844.13 lakhs
- Net cash used in financing activities: (₹2,375.96) lakhs
- Net increase in cash: ₹152.49 lakhs
- Cash and cash equivalents at end: ₹166.39 lakhs
Notes to Financial Results
1. Results were reviewed by the Audit Committee and approved by the Board of Directors on November 4, 2026.
2. The company operates in a single business segment (Automobile Parts) and single geographical segment.
3. Results prepared in accordance with Ind AS.
4. Significant management judgement applied in determining deferred tax assets of ₹1,989.25 lakhs. Deferred tax assets recognized till March 31, 2021 only, and not recognized for quarter ended September 30, 2026.
5. Received in-principle approvals from BSE and NSE on September 29, 2026 for proposed rights issue of equity shares aggregating approximately ₹11,992.36 lakhs.
6. Company incurred net loss of ₹3,483.36 lakhs for period ended September 30, 2026 with negative net worth of ₹7,551.56 lakhs. Generated EBITDA of ₹2,247.55 lakhs during the period and met all debt obligations. Financial results prepared on going concern basis considering expected improvement through strategic refinancing, better operational performance, and expected proceeds from rights issue.
7. Previous period figures regrouped/rearranged for current period classification.
8. Results available on stock exchange websites and company website.
KMP / Board / Auditor Changes
Not Specified
Dividend Declaration or Non-Declaration
Not Specified
Board Meeting Outcomes
Not Specified
Disinvestment / Strategic Actions
Not Specified
Other Operational / Legal / Strategic Disclosures
Not Specified