Financial Results - Standalone (Quarter Ended June 30, 2026)
Revenue Performance:
- Revenue from operations: ₹1,032.1 million (₹103.21 crore)
- Other income: ₹6.19 million (₹0.62 crore)
- Total income: ₹1,038.3 million (₹103.83 crore)
Expense Breakdown:
- Cost of materials consumed: ₹779.93 million (₹77.99 crore)
- Changes in inventories: (₹21.78) million (negative ₹2.18 crore)
- Employee benefits expense: ₹103.3 million (₹10.33 crore)
- Finance costs: ₹2.62 million (₹0.26 crore)
- Depreciation and amortization: ₹28.78 million (₹2.88 crore)
- Other expenses: ₹89.86 million (₹8.99 crore)
- Total expenses: ₹982.71 million (₹98.27 crore)
Profitability:
- Profit before tax: ₹55.59 million (₹5.56 crore)
- Tax expense: ₹14.21 million (₹1.42 crore)
- Current tax: ₹16.29 million (₹1.63 crore)
- Deferred tax: (₹2.08) million (negative ₹0.21 crore)
- Profit for the period: ₹41.38 million (₹4.14 crore)
- Total comprehensive income: ₹41.69 million (₹4.17 crore)
Capital Structure & Metrics:
- Paid-up equity share capital: ₹13.05 million (₹1.31 crore)
- Face value per share: ₹2
- Basic EPS: ₹6.34
- Diluted EPS: ₹6.34
Financial Results - Consolidated (Quarter Ended June 30, 2026)
Key Figures:
- Revenue from operations: ₹1,032.1 million (₹103.21 crore)
- Total income: ₹1,038.3 million (₹103.83 crore)
- Share of profits from joint venture: ₹1.4 million (₹0.14 crore)
- Profit before tax: ₹55.73 million (₹5.57 crore)
- Profit for the period: ₹41.52 million (₹4.15 crore)
- Total comprehensive income: ₹41.83 million (₹4.18 crore)
- Basic EPS: ₹6.36
- Diluted EPS: ₹6.36
Management Changes
Resignation:
- Mr. Tomoaki Yoshimori resigned as Nominee Director effective August 7, 2026
- Reason: Change in nomination by DENSO Corporation, Japan
Appointment:
- Mr. Akihiro Deguchi appointed as Nominee Director of DENSO Corporation, Japan effective August 7, 2026
- Subject to shareholder approval at ensuing AGM
- Profile: Graduate from Institute of Technology, Japan with extensive experience in heat exchangers for air-conditioning systems. Joined DENSO in 1992, held various leadership positions including Vice President of Denso (Tianjin) Thermal Products Co. Ltd., and currently Deputy Managing Director of DENSO Kirloskar Industries Private Limited, India.
- No relationship between directors
- Not debarred from holding director office
Business Development
Technical Assistance Agreement:
- Executed with DENSO Corporation, Japan and Toyota Industries Corporation, Japan
- Purpose: Localization of electric compressors for EV and hybrid vehicles in India
- Location: Karsanpura, Gujarat manufacturing facility
- Consideration: Initial payment and running royalty from start of commercial production
- Significant terms: Grant of technical information and services
- Rationale: Strategic milestone for electric mobility domain, expected to contribute positively to future revenues
Notes to Financial Results
Segment Information:
- Single segment: Thermal products
Government Grants:
- Other income includes income from Gujarat Incentive to Industries Scheme
- Standalone: ₹6.4 million (₹0.64 crore) for quarter ended June 30, 2026
- Consolidated: ₹6.4 million (₹0.64 crore) for quarter ended June 30, 2026
Exceptional Item Reference:
- Previous exceptional item of ₹80.8 million (₹8.08 crore) in FY2025-26 due to impact of New Labour Codes
- No exceptional items in current quarter
Comparative Figures:
- Figures for quarter ended March 31, 2026 represent difference between audited full year and published nine months figures