Key Financial Results (₹ in Lakhs)
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹3,137.98
- Other Income: ₹80.50
- Total Income: ₹3,218.48
- Total Expenses: ₹3,995.20
- Loss Before Tax: ₹(776.72)
- Tax Expense: ₹124.79
- Net Loss: ₹(901.51)
- Other Comprehensive Income: ₹5.63
- Total Comprehensive Loss: ₹(895.88)
- Basic EPS: ₹(5.15)
- Diluted EPS: ₹(5.15)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹28,337.00 (increased 9.48% from ₹27,611.90 in H1 FY26)
- Other Income: ₹163.45
- Total Income: ₹28,500.45
- Total Expenses: ₹29,699.24
- Loss Before Tax: ₹(1,198.79)
- Tax Expense: ₹220.01
- Net Loss: ₹(1,418.80)
- Other Comprehensive Income: ₹4.68
- Total Comprehensive Loss: ₹(1,414.12)
- Basic EPS: ₹(8.10)
- Diluted EPS: ₹(8.10)
Segment-wise Performance (₹ in Lakhs)
Quarter Ended September 30, 2026:
- Cement Segment Revenue: ₹23,213.76 (4.59% YoY growth)
- Petrol and Diesel Segment Revenue: ₹115.07
- Solar Energy Segment Revenue: ₹286.18
- Total Revenue from Operations: ₹23,615.02
Half Year Ended September 30, 2026:
- Cement Segment Revenue: ₹27,305.00 (12.55% YoY growth)
- Petrol and Diesel Segment Revenue: ₹356.39
- Solar Energy Segment Revenue: ₹632.30
- Total Revenue from Operations: ₹28,293.70
Balance Sheet Position as of September 30, 2026 (₹ in Lakhs)
- Total Assets: ₹42,051.29
- Non-Current Assets: ₹34,561.66
- Current Assets: ₹7,489.63
- Total Equity: ₹7,545.26
- Non-Current Liabilities: ₹23,223.70
- Current Liabilities: ₹11,282.33
- Total Liabilities: ₹34,506.03
Cash Flow Statement (6 Months Ended September 30, 2026, ₹ in Lakhs)
- Net Cash from Operating Activities: ₹1,252.41
- Net Cash from Investing Activities: ₹(44.18)
- Net Cash from Financing Activities: ₹(1,212.92)
- Net Decrease in Cash: ₹(4.69)
- Cash and Cash Equivalents at End: ₹24.53
Key Developments
- The company reduced term loans from banks by ₹245.89 lakhs during the quarter, from ₹16,134.81 lakhs as at June 30, 2026 to ₹15,675.95 lakhs as at September 30, 2026
- Paid-up equity share capital remained unchanged at ₹1,751.28 lakhs (face value ₹10 per share)
Auditor's Qualified Opinion
The auditors, Singhi & Co., issued a qualified opinion noting:
- The company made an advance payment of GST amounting to ₹641.52 lakhs plus interest and penalties of ₹218.11 lakhs in FY 2020-21 & 2021-22
- This relates to a search conducted by GST Intelligence at company premises for GST liability pertaining to FY 2018-19 and 2019-20
- The investigation by DGGI is not complete as of September 30, 2026, and no order has been passed
- These amounts are included as part of other current assets in the financial statements
- Due to the incomplete investigation, auditors are unable to comment on the impact on financial results