Financial Performance (Quarter ended September 30, 2026)

  • Revenue from operations: ₹1,214.06 lakhs
  • Other income: ₹26.17 lakhs
  • Total income: ₹1,240.33 lakhs
  • Total expenses: ₹998.87 lakhs
  • Profit before tax: ₹247.89 lakhs
  • Tax expense: ₹92.23 lakhs (Current tax: ₹55.30 lakhs, Adjustment of tax relating to earlier periods: ₹33.49 lakhs, Deferred tax: ₹3.44 lakhs)
  • Profit for the period: ₹155.66 lakhs
  • Other comprehensive income: ₹0.52 lakhs
  • Total comprehensive income: ₹156.18 lakhs
  • Basic EPS: ₹1.60
  • Diluted EPS: ₹1.60

Financial Performance (Half year ended September 30, 2026)

  • Revenue from operations: ₹2,747.75 lakhs
  • Other income: ₹65.72 lakhs
  • Total income: ₹2,813.47 lakhs
  • Total expenses: ₹2,335.15 lakhs
  • Profit before tax: ₹478.32 lakhs
  • Tax expense: ₹268.14 lakhs
  • Profit for the period: ₹210.19 lakhs
  • Other comprehensive income: ₹0.40 lakhs
  • Total comprehensive income: ₹210.59 lakhs
  • Basic EPS: ₹1.81
  • Diluted EPS: ₹1.81

Balance Sheet Position (as at September 30, 2026)

  • Total assets: ₹77,330.34 lakhs (Previous: ₹73,704.16 lakhs as at March 31, 2026)
  • Property, plant and equipment: ₹5,565.00 lakhs
  • Capital work-in-progress: ₹9,031.57 lakhs
  • Inventories: ₹9,712.34 lakhs
  • Trade receivables: ₹6,726.79 lakhs
  • Cash and cash equivalents: ₹20,390.85 lakhs
  • Bank balances other than cash: ₹8,779.09 lakhs
  • Total equity: ₹71,115.15 lakhs
  • Equity share capital: ₹11,608.57 lakhs
  • Other equity: ₹59,506.58 lakhs

Cash Flow Statement (Half year ended September 30, 2026)

  • Net cash used in operating activities: ₹(3,916.92) lakhs
  • Net cash from investing activities: ₹5,837.56 lakhs
  • Net cash used in financing activities: ₹(2,776.87) lakhs
  • Net decrease in cash: ₹(856.24) lakhs

Significant Notes

1. The financial results are prepared in accordance with Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013.

2. The Company operates in a single business segment of industrial gases manufacturing.

3. IPO proceeds utilization: The company received ₹14,474.87 lakhs (net of IPO expenses of ₹1,558.00 lakhs). As of September 30, 2026:

  • Working capital requirements: ₹0.21 lakhs utilized (₹1,000.00 lakhs allocated)
  • Semiconductor & Specialty Gas facility (Khalapur, Maharashtra): ₹268.44 lakhs utilized (₹2,574.06 lakhs allocated)
  • Refrigerant debulking & blending facility (Andhra Pradesh): ₹0.00 utilized (₹500.00 lakhs allocated)
  • General corporate purposes: ₹0.00 utilized (₹399.08 lakhs unutilized)

4. ESOP Scheme: The company granted 15,86,505 equity stock options at exercise price of ₹10 per share with one-year vesting period. Fair value determined at ₹2128.69 per option using Black-Scholes model. ESOP expense of ₹9.51 lakhs recognized in H1 FY27. All 15,86,505 options remain outstanding with none vested or exercised.

5. Previous period figures have been regrouped and reclassified for comparability.