Summary of Key Information:
Reporting Period: Quarter ended June 30, 2026
Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results (Standalone and Consolidated)
Audit Opinion:
Limited Review Report - No qualifications or modifications noted
Key Financial Highlights [₹ in crores]:
Consolidated Results:
Revenue from Operations: ₹3,668.20 (Q2 FY26) vs ₹2,154.45 (Q2 FY25) - 70.2% YoY increase
Total Income: ₹3,676.72 (Q2 FY26) vs ₹2,183.71 (Q2 FY25)
Net Profit: ₹666.37 (Q2 FY26) vs ₹352.62 (Q2 FY25) - 89.0% YoY increase
EPS: ₹72.11 (Basic and Diluted) vs ₹37.43 (Q2 FY25)
Operating Margin: 25.74% (Q2 FY26) vs 22.23% (Q2 FY25)
Net Profit Margin: 18.17% (Q2 FY26) vs 16.37% (Q2 FY25)
Other Equity: ₹6,259.10 (as of March 31, 2026)
Net Worth: ₹6,956.70 (Q2 FY26) vs ₹4,800.99 (Q2 FY25)
Standalone Results:
Revenue from Operations: ₹1,656.32 (Q2 FY26) vs ₹1,387.15 (Q2 FY25) - 19.4% YoY increase
Total Income: ₹1,686.15 (Q2 FY26) vs ₹1,416.82 (Q2 FY25)
Net Profit: ₹358.38 (Q2 FY26) vs ₹279.52 (Q2 FY25) - 28.2% YoY increase
EPS: ₹39.60 (Basic and Diluted) vs ₹30.89 (Q2 FY25)
Operating Margin: 27.72% (Q2 FY26) vs 25.41% (Q2 FY25)
Net Profit Margin: 21.64% (Q2 FY26) vs 20.15% (Q2 FY25)
Other Equity: ₹4,208.72 (as of March 31, 2026)
Net Worth: ₹4,582.40 (Q2 FY26) vs ₹3,346.90 (Q2 FY25)
Segment-wise Performance:
The Group has identified 'Explosives, its accessories and related services' as its only reportable segment as defined under Ind AS 108 Operating Segments. Accordingly, no separate segment information has been provided.
Corporate Actions:
During the quarter, the Company partially redeemed 292 unsecured, rated, listed, senior, redeemable, non-convertible debentures (NCDs) with face value of ₹1,00,000 each amounting to ₹2.92 crores and made interest payment of ₹0.21 crores at 7.06% coupon rate.
Outstanding NCDs as of June 30, 2026: ₹8.75 crores
Issued Commercial Paper of ₹75.00 Crores in favor of Kotak Mahindra Bank Limited, maturing on September 17, 2026
Other Significant Information:
The Group applied Ind AS 29 'Accounting of Hyperinflationary economies' on its step-down subsidiaries in Turkey, resulting in net impact of ₹25.33 crores debited to other expenses
Impact till March 31, 2026 of ₹12.43 crores credited to opening retained earnings as at April 1, 2026
Consolidated results include 39 entities (1 holding company, subsidiaries, associates, and joint operations)
Debt Equity Ratio: 0.26 (Consolidated), 0.07 (Standalone)
Current Ratio: 2.11 (Consolidated), 2.59 (Standalone)
Interest Service Coverage Ratio: 23.97 (Consolidated), 73.46 (Standalone)