Key Decisions and Financial Results

The Board of Directors of Sprayking Limited, at its meeting held on November 04, 2026, at the company's registered office in Jamnagar, considered and approved the following:

1. The Un-audited Standalone Financial Results for the Quarter and Half-Year ended September 30, 2026, together with the Statement of Assets & Liabilities and Cash Flow Statement.

2. The Un-audited Consolidated Financial Results for the Quarter and Half-Year ended September 30, 2026, together with the Statement of Assets & Liabilities and Cash Flow Statement.

The Board Meeting commenced at 03:00 PM and concluded at 03:30 PM.

Standalone Financial Results (Rs. in Lakh, except EPS)

Quarter Ended September 30, 2026 (Q2 FY2027)

  • Total Revenue: ₹401.11 (Revenue from Operations: ₹393.63; Other Income: ₹7.48)
  • Total Expenses: ₹435.71
  • Cost of materials consumed: ₹264.73
  • Changes in inventories: ₹34.30
  • Employee benefit expense: ₹14.43
  • Finance Costs: ₹22.47
  • Depreciation and amortization: ₹48.43
  • Other Expenses: ₹51.35
  • Profit/(Loss) Before Tax: (₹34.60)
  • Tax Expense: Deferred Tax Assets: (₹3.96)
  • Net Profit/(Loss) for the Period: (₹30.64)
  • Paid-up Equity Share Capital: ₹2,113.59 Lakh
  • Face Value per Share: ₹1.00
  • Basic EPS (Not Annualized): (₹0.01)
  • Basic EPS (Annualized): (₹0.06)

Half Year Ended September 30, 2026 (H1 FY2027)

  • Total Revenue: ₹749.49 (Revenue from Operations: ₹731.43; Other Income: ₹18.06)
  • Total Expenses: ₹856.26
  • Profit/(Loss) Before Tax: (₹106.77)
  • Tax Expense: Deferred Tax Assets: (₹6.95)
  • Net Profit/(Loss) for the Period: (₹99.82)
  • Basic EPS (Not Annualized): (₹0.08)
  • Basic EPS (Annualized): (₹0.34)

Comparative Figures (Standalone)

  • Q2 FY2026 (30-09-2025): Net Profit of ₹14.06 Lakh
  • H1 FY2026 (30-09-2025): Net Profit of ₹40.52 Lakh
  • FY2026 (31-03-2026): Net Profit of ₹37.69 Lakh

Consolidated Financial Results (Rs. in Lakh, except EPS)

Quarter Ended September 30, 2026 (Q2 FY2027)

  • Total Revenue: ₹2,201.30 (Revenue from Operations: ₹2,191.74; Other Income: ₹9.56)
  • Total Expenses: ₹2,160.79
  • Profit Before Tax: ₹40.51
  • Tax Expense: Current Tax: ₹8.04; Deferred Tax Liabilities: ₹5.90
  • Net Profit for the Period: ₹26.57
  • Basic EPS (Not Annualized): ₹0.01
  • Basic EPS (Annualized): ₹0.05

Half Year Ended September 30, 2026 (H1 FY2027)

  • Total Revenue: ₹3,904.73 (Revenue from Operations: ₹3,884.59; Other Income: ₹20.14)
  • Total Expenses: ₹3,868.62
  • Profit Before Tax: ₹36.11
  • Tax Expense: Current Tax: ₹16.51; Deferred Tax Liabilities: ₹6.07
  • Net Profit for the Period: ₹13.53
  • Non-controlling Interest: ₹6.55
  • Net Profit Attributable to Owners: ₹6.98
  • Basic EPS (Not Annualized): ₹0.00
  • Basic EPS (Annualized): ₹0.01

Comparative Figures (Consolidated)

  • Q2 FY2026 (30-09-2025): Net Profit of ₹410.33 Lakh
  • H1 FY2026 (30-09-2025): Net Profit of ₹475.77 Lakh; Net Profit Attributable to Owners after NCI: ₹406.06 Lakh
  • FY2026 (31-03-2026): Net Profit of ₹393.30 Lakh; Net Profit Attributable to Owners after NCI: ₹190.36 Lakh

Standalone Balance Sheet (As of September 30, 2026)

  • Total Assets: ₹4,367.35 Lakh
  • Non-current Assets: ₹1,770.76 Lakh (Property, Plant & Equipment: ₹946.84 Lakh; Investments: ₹792.75 Lakh; Security Deposits: ₹17.14 Lakh; Deferred Tax Assets: ₹14.03 Lakh)
  • Current Assets: ₹2,596.59 Lakh (Inventories: ₹823.02 Lakh; Trade Receivables: ₹334.96 Lakh; Cash & Cash Equivalents: ₹1.08 Lakh; Other Current Assets: ₹1,437.53 Lakh)
  • Total Equity & Liabilities: ₹4,367.35 Lakh
  • Equity: ₹2,902.10 Lakh (Equity Share Capital: ₹2,113.59 Lakh; Other Equity: ₹788.51 Lakh)
  • Non-Current Liabilities: ₹498.63 Lakh (Long Term Borrowings)
  • Current Liabilities: ₹966.62 Lakh (Financial Liabilities: ₹794.29 Lakh; Trade Payables: ₹161.57 Lakh; Current Tax Liabilities: ₹4.10 Lakh; Other Current Liabilities: ₹6.66 Lakh)

Consolidated Balance Sheet (As of September 30, 2026)

  • Total Assets: ₹12,138.02 Lakh
  • Non-current Assets: ₹3,027.69 Lakh (Property, Plant & Equipment: ₹2,608.78 Lakh; Goodwill: ₹278.41 Lakh; Investments: ₹112.75 Lakh; Security Deposits: ₹29.35 Lakh)
  • Current Assets: ₹9,110.33 Lakh (Inventories: ₹4,350.23 Lakh; Investments: ₹1,611.74 Lakh; Trade Receivables: Not quantified in table; Cash & Cash Equivalents: ₹7.50 Lakh; Short Term Loans & Advances: ₹56.09 Lakh; Other Current Assets: ₹3,083.17 Lakh)
  • Total Equity & Liabilities: ₹12,138.02 Lakh
  • Equity: ₹5,784.16 Lakh (Equity Share Capital: ₹2,113.59 Lakh; Other Equity: ₹3,670.57 Lakh; Non-Controlling Interest: ₹2,359.60 Lakh)
  • Non-Current Liabilities: ₹770.74 Lakh (Long Term Borrowings: ₹719.44 Lakh; Deferred Tax Liabilities: ₹51.30 Lakh)
  • Current Liabilities: ₹5,583.12 Lakh (Short Term Borrowings: ₹2,659.81 Lakh; Trade Payables: ₹408.63 Lakh; Other Financial Liabilities: ₹0.96 Lakh; Provisions: ₹18.56 Lakh; Current Tax Liabilities: Not quantified; Other Current Liabilities: ₹135.56 Lakh)

Audit and Review Details

The unaudited financial results (standalone and consolidated) were reviewed by the audit committee and approved by the Board of Directors. B B Gusani & Associates, Chartered Accountants (Firm Regn. No. 140785W), issued a limited review report stating that nothing has come to their attention that causes them to believe that the statements contain any material misstatement. The review was conducted in accordance with Standard on Review Engagement (SRE) 2410 issued by the ICAI.

Additional Information

  • The results have been prepared in accordance with Indian Accounting Standards (Ind AS) 34.
  • The company has a single reportable business segment.
  • The consolidated results include the results of the subsidiary, Narmadesh Brass Industries Limited.
  • Figures for previous periods have been regrouped/reclassified/restated wherever necessary.
  • The results have been disseminated on the company's website at https://sprayking.co.in/.