Financial Results Summary

Quarter Ended September 30, 2026 (Standalone)

  • Revenue from operations: ₹44.26 crore (compared to ₹51.22 crore in Q2 FY26)
  • Other income: ₹4.97 crore (compared to nil in Q2 FY26)
  • Total income: ₹49.24 crore
  • Net profit: ₹5.34 crore (compared to ₹4.70 crore in Q2 FY26)
  • Basic EPS: ₹5.38 (compared to ₹5.64 in Q2 FY26)
  • Diluted EPS: ₹5.19

Half Year Ended September 30, 2026 (Standalone)

  • Revenue from operations: ₹85.64 crore (compared to ₹103.54 crore in H1 FY26)
  • Other income: ₹4.98 crore (compared to ₹0.23 crore in H1 FY26)
  • Total income: ₹90.61 crore
  • Net profit: ₹9.41 crore (compared to ₹10.32 crore in H1 FY26)
  • Basic EPS: ₹9.51 (compared to ₹12.42 in H1 FY26)
  • Diluted EPS: ₹9.16

Consolidated Results (Quarter Ended September 30, 2026)

  • Net profit after share in associates: ₹3.65 crore (including ₹1.69 crore loss from associates)
  • Basic EPS: ₹3.69
  • Diluted EPS: ₹3.56

Key Financial Position (Standalone as at September 30, 2026)

  • Total assets: ₹438.24 crore (compared to ₹349.93 crore as at March 31, 2026)
  • Equity share capital: ₹10.40 crore
  • Other equity: ₹246.96 crore
  • Inventories: ₹267.51 crore (significant increase from ₹30.12 crore)
  • Investments: ₹125.89 crore
  • Trade receivables: ₹173.88 crore
  • Cash and cash equivalents: ₹0.16 crore (decreased from ₹62.54 crore)

Board Approvals

1. Financial Results Approval

  • Approved IND-AS compliant unaudited Standalone and Consolidated Financial Results for quarter and half year ended September 30, 2026
  • Limited Review Report obtained from auditors Joshi & Shah Chartered Accountants (FRN: 144627W)

2. Authorized Share Capital Increase

  • Approved increasing Authorized Share Capital from ₹20.00 crore (2.00 crore equity shares of ₹10 each) to ₹150.00 crore (15.00 crore equity shares of ₹10 each)
  • Subject to approval of members in Extra Ordinary General Meeting and appropriate authorities
  • Requires alteration in Capital Clause of Memorandum of Association

3. Bonus Issue Proposal

  • Approved 10:1 bonus issue (10 equity shares for every 1 equity share held)
  • Total securities proposed: 11,04,95,000 equity shares of ₹10 each amounting to ₹110.49 crore
  • Bonus ratio: 10:1
  • Pre-bonus paid-up capital: ₹10.40 crore (1,03,99,000 shares)
  • Post-bonus paid-up capital: ₹114.39 crore (11,43,89,000 shares)
  • Post full conversion: ₹121.54 crore (12,15,44,500 shares) assuming full conversion of 6,50,500 outstanding warrants
  • Estimated credit/dispatch date: On or before January 12, 2027 (within 2 months from Board approval)
  • Record date to be intimated separately

4. Extra Ordinary General Meeting

  • Date: Friday, December 11, 2026 at 11:30 A.M.
  • Mode: Video Conferencing/Other Audio-Visual Means (OAVM)
  • Cut-off date for voting eligibility: Friday, December 4, 2026
  • Scrutinizer: PDTS and Associates, Company Secretaries (FRN: P2025MH104400)

Capital Market Activities

Warrant Conversion Activity

  • During previous quarter (June 3, 2026): Allotted 13,01,000 share warrants receiving ₹219.38 crore
  • During current quarter (July 13, 2026): Received ₹329.07 crore against 6,50,500 warrants and allotted equivalent equity shares at premium of ₹664.49 per share
  • Balance 6,50,500 warrants remain outstanding

Investment Activity

  • Invested ₹284.13 crore in promoter group SPVs through equity shares and optionally convertible debentures (OCDs)
  • Breakdown:
  • Nag Ham 182 Highway Pvt Ltd: ₹190.85 lakh in equity + ₹1,279.76 lakh in OCDs
  • Nag Ham 183 Highway Pvt Ltd: ₹146.14 lakh in equity + ₹948.31 lakh in OCDs
  • Kitadi Torgaon Highway Pvt Ltd: ₹276.21 lakh in OCDs
  • Additional ₹44.94 crore utilized for general corporate purposes

Segment Performance

Engineering Segment

  • Q2 FY27 revenue: ₹331.20 crore
  • Q2 FY27 EBIT: ₹161.52 crore

Metal Sale (Stone Crusher) Segment

  • Q2 FY27 revenue: ₹111.44 crore
  • Q2 FY27 EBIT: ₹(50.54) crore (loss)

Investor Complaints

  • Zero complaints pending at beginning, received, disposed, or unresolved during the quarter

Audit Review

  • Limited review conducted by Joshi & Shah Chartered Accountants
  • Financial results prepared in accordance with Ind AS 34 and SEBI LODR regulations
  • Figures for previous periods regrouped/restated for comparability

#Tags: #SobhagyaMercantile #BonusIssue #Q2Results #SEBIDisclosure #CapitalRestructuring #Neutral