Key Quantitative Figures

Quarterly Performance (Standalone)

  • Revenue from Operations: ₹16,019.85 lakh (Q2 FY27) vs ₹13,117.08 lakh (Q2 FY26) - 22.1% increase YoY
  • Other Income: ₹119.44 lakh (Q2 FY27) vs ₹104.07 lakh (Q2 FY26)
  • Total Income: ₹16,139.30 lakh (Q2 FY27) vs ₹13,221.16 lakh (Q2 FY26)
  • Profit Before Tax: ₹2,660.34 lakh (Q2 FY27) vs ₹2,446.66 lakh (Q2 FY26) - 8.7% increase YoY
  • Tax Expense: ₹627.84 lakh (Q2 FY27) vs ₹636.68 lakh (Q2 FY26)
  • Profit After Tax: ₹2,032.50 lakh (Q2 FY27) vs ₹1,809.98 lakh (Q2 FY26) - 12.3% increase YoY
  • Earnings Per Share (Basic): ₹3.58 (Q2 FY27) vs ₹3.24 (Q2 FY26)

Half-Yearly Performance (Standalone)

  • Revenue from Operations: ₹29,020.38 lakh (H1 FY27) vs ₹24,540.65 lakh (H1 FY26) - 18.3% increase YoY
  • Profit After Tax: ₹3,653.08 lakh (H1 FY27) vs ₹3,230.61 lakh (H1 FY26) - 13.1% increase YoY
  • Earnings Per Share (Basic): ₹6.43 (H1 FY27) vs ₹5.78 (H1 FY26)

Expense Breakdown (Q2 FY27)

  • Cost of Material Consumed: ₹8,533.53 lakh
  • Purchase of stock-in-trade: ₹501.60 lakh
  • Employee Benefits Expenses: ₹1,471.76 lakh
  • Finance Costs: ₹96.40 lakh
  • Depreciation and Amortization: ₹278.88 lakh
  • Other Expenses: ₹2,505.80 lakh

Capital Structure

  • Paid-up Equity Share Capital: ₹5,679.28 lakh (unchanged from previous periods)
  • Other Equity: ₹44,307.72 lakh as of September 30, 2026 vs ₹41,843.98 lakh as of March 31, 2026

Dates of Action

  • Board Meeting: November 06, 2026 (1:00 PM to 1:30 PM)
  • Financial Period: Quarter and Half Year ended September 30, 2026
  • Subsidiary Decision: Board approved striking off on September 30, 2026
  • ROC Filing: e-Form STK-2 filed on October 24, 2026

Parties Involved

  • Subsidiary: Sirca Industries Limited (wholly-owned)
  • Auditors: M/s Rajesh Kukreja & Associates, Chartered Accountants
  • Regulatory Bodies: National Stock Exchange of India Limited, BSE Limited
  • Management: Sanjay Agarwal (Chairman Cum Managing Director), Apoorv Agarwal (Joint Managing Director)
  • Company Secretary: Hira Kumar

Purpose/Rationale

The board meeting was convened to approve the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, and to address the striking off of the wholly-owned subsidiary.

Financial Impact Assessment

The financial results show improved performance with revenue growth of 22.1% and profit growth of 12.3% YoY in Q2 FY27. The striking off of Sirca Industries Limited may simplify corporate structure but financial impact not quantified in the disclosure.

Capital Structure Impact

No change in equity share capital. Other equity increased from ₹41,843.98 lakh (Mar 31, 2026) to ₹44,307.72 lakh (Sep 30, 2026).

Cash Flow Implications

Standalone cash flow statement shows:

  • Net cash from operating activities: ₹1,414.00 lakh (H1 FY27)
  • Net cash used in investing activities: ₹3,319.50 lakh (H1 FY27)
  • Net cash used in financing activities: ₹1,716.67 lakh (H1 FY27)
  • Net increase in cash equivalents: ₹3,016.83 lakh (H1 FY27)

Segment Information

The Company operates in one segment i.e. manufacturing and repackaging of wood, wall paints & related products. No separate segment disclosures presented as per Ind AS 108.

Auditor's Conclusion

M/s Rajesh Kukreja & Associates conducted limited review and concluded that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement.

Additional Notes

  • Figures for previous periods have been re-grouped/rearranged/restated for comparability
  • No exceptional items reported during the period