Summary of Key Information:

  • Reporting Period (Quarter/Year): Quarter and half-year ended 30th September, 2026
  • Nature of Filing / Announcement: Regulatory filing pursuant to SEBI (LODR) Regulations 30 and 33, containing unaudited financial results and committee reconstitution

Audit Opinion:

  • Limited review reports issued by statutory auditors Y.K. Sud & Co. for both standalone and consolidated results
  • Audit opinion is unmodified (clean) with no qualifications or modifications

Auditor’s Comment:

  • Auditors concluded that nothing came to their attention to indicate material misstatement in the financial results
  • Review was conducted in accordance with SRE 2410, providing moderate assurance
  • For consolidated results, subsidiaries' financials were included, with three subsidiaries not reviewed by their auditors but deemed not material to the group

Key Financial Highlights [Unit: ₹ Crores]

Standalone Results:

  • Revenue from Operations:
  • Q2 FY27: ₹408.49 (vs. ₹312.68 in Q2 FY26, +30.6% YoY; vs. ₹395.12 in Q1 FY27, +3.4% QoQ)
  • H1 FY27: ₹803.61 (vs. ₹679.88 in H1 FY26, +18.2% YoY)
  • FY26: ₹1,425.68
  • Total Income:
  • Q2 FY27: ₹410.11 (includes other income of ₹1.62)
  • H1 FY27: ₹805.58
  • FY26: ₹1,442.40
  • EBITDA: Not explicitly disclosed
  • Net Profit:
  • Q2 FY27: ₹15.80 (vs. ₹4.07 in Q2 FY26, +288% YoY; vs. ₹12.56 in Q1 FY27, +25.8% QoQ)
  • H1 FY27: ₹28.36 (vs. ₹8.82 in H1 FY26, +221% YoY)
  • FY26: ₹26.09
  • EPS (Not Annualized, Basic and Diluted):
  • Q2 FY27: ₹5.06 (vs. ₹1.30 in Q2 FY26)
  • H1 FY27: ₹9.08 (vs. ₹2.82 in H1 FY26)
  • FY26: ₹8.35
  • Other Equity:
  • As of 30/09/2026: ₹602.36 (unaudited)
  • As of 31/03/2026: ₹574.96 (audited)
  • Cash and Cash Equivalents:
  • As of 30/09/2026: ₹0.80 (unaudited)
  • As of 31/03/2026: ₹0.67 (audited)
  • Debt:
  • Borrowings (current liabilities): ₹210.94 as of 30/09/2026 (unaudited)
  • Fixed deposits (unsecured, non-current): ₹90.79 as of 30/09/2026 (unaudited)
  • Total debt not explicitly summarized

Consolidated Results:

  • Revenue from Operations:
  • Q2 FY27: ₹408.08 (vs. ₹314.61 in Q2 FY26, +29.7% YoY; vs. ₹395.65 in Q1 FY27, +3.1% QoQ)
  • H1 FY27: ₹803.73 (vs. ₹683.74 in H1 FY26, +17.5% YoY)
  • FY26: ₹1,432.43
  • Total Income:
  • Q2 FY27: ₹410.15 (includes other income of ₹2.07)
  • H1 FY27: ₹806.80
  • FY26: ₹1,451.04
  • EBITDA: Not explicitly disclosed
  • Net Profit:
  • Q2 FY27: ₹15.27 (vs. ₹4.30 in Q2 FY26, +255% YoY; vs. ₹12.15 in Q1 FY27, +25.7% QoQ)
  • H1 FY27: ₹27.42 (vs. ₹9.31 in H1 FY26, +194% YoY)
  • FY26: ₹27.03
  • EPS (Not Annualized, Basic and Diluted):
  • Q2 FY27: ₹4.89 (vs. ₹1.38 in Q2 FY26)
  • H1 FY27: ₹8.78 (vs. ₹2.98 in H1 FY26)
  • FY26: ₹8.65
  • Other Equity:
  • As of 30/09/2026: ₹578.18 (unaudited, includes minority interest of ₹0.03)
  • As of 31/03/2026: ₹551.72 (audited, includes minority interest of ₹0.03)
  • Cash and Cash Equivalents:
  • As of 30/09/2026: ₹0.81 (unaudited)
  • As of 31/03/2026: ₹0.71 (audited)
  • Debt:
  • Borrowings (current liabilities): ₹218.03 as of 30/09/2026 (unaudited)
  • Fixed deposits (unsecured, non-current): ₹90.79 as of 30/09/2026 (unaudited)
  • Total debt not explicitly summarized

Segment-wise Performance [Unit: ₹ Crores]:

  • Maize Processing Division:
  • Segment Revenue (Q2 FY27): ₹410.11 (consolidated basis, includes inter-division transfers)
  • Segment Profit before Interest & Tax (Q2 FY27): ₹28.77
  • Infrastructure Division:
  • Segment Revenue (Q2 FY27): ₹20.62 (consolidated basis, includes inter-division transfers)
  • Segment Profit before Interest & Tax (Q2 FY27): -₹0.68 (loss)
  • Others Division:
  • Segment Revenue (Q2 FY27): -₹0.00 (negligible)
  • Segment Profit before Interest & Tax (Q2 FY27): ₹0.00
  • Inter-division transfers eliminated: ₹20.58 in Q2 FY27
  • Total Segment Revenue: ₹410.15 in Q2 FY27 (consolidated)
  • Total Segment Results: ₹28.09 in Q2 FY27 (consolidated), with finance cost of ₹7.52

Corporate Actions:

  • No dividend declarations, share splits, bonus issues, buybacks, or capital raising announced in this filing

Other Significant Information:

  • Subsidiaries Included in Consolidation: Sukhjit Mega Food Park & Infra Ltd. (not material), The Vijoy Steel and General Mills Co. Ltd. (closed entity), Scott Industries Ltd. (closed entity)
  • Exceptional Items: None reported for any period
  • Accounting Policies: No changes mentioned; figures for previous periods regrouped for comparability
  • Forward-Looking Guidance: No explicit guidance or outlook provided in the filing
  • Capex: Capital work-in-progress stood at ₹15.77 crore (standalone) and ₹19.81 crore (consolidated) as of 30/09/2026