Summary of Key Information:
Reporting Period: Second Quarter (Q2) and Six Months ended 30th September, 2026
Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results
Audit Opinion:
Unmodified conclusion (clean opinion) by statutory auditors LODHA & CO LLP
Key Financial Highlights [₹ in lakhs]:
Standalone Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹11,219.0 lakhs (15.3% increase from ₹9,729.9 lakhs in Q2 FY26)
- Total Income: ₹11,265.0 lakhs
- Net Profit: ₹583.3 lakhs (28.0% increase from ₹455.7 lakhs in Q2 FY26)
- EPS: ₹3.24 (compared to ₹2.53 in Q2 FY26)
- Other Comprehensive Income: ₹2,772.7 lakhs (mainly MTM gain on equity shares in Lloyds Metal & Energy Limited)
- Total Comprehensive Income: ₹4,355.0 lakhs
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹22,008.5 lakhs (10.2% increase from ₹19,962.2 lakhs in H1 FY26)
- Total Income: ₹22,159.6 lakhs
- Net Profit: ₹1,122.9 lakhs (3.4% increase from ₹1,076.1 lakhs in H1 FY26)
- EPS: ₹6.79 (compared to ₹5.97 in H1 FY26)
- Other Comprehensive Income: ₹36,738.1 lakhs
- Total Comprehensive Income: ₹32,511.1 lakhs
Financial Position (Standalone as of September 30, 2026):
- Paid-up Equity Share Capital: ₹1,802.2 lakhs
- Other Equity: ₹11,928.28 lakhs
- Total Assets: ₹15,203.16 lakhs
- Investments: ₹11,369.18 lakhs
- Cash and Cash Equivalents: ₹3,213.3 lakhs
- Borrowings: ₹38,852.0 lakhs (Current: ₹36,213.0 lakhs, Non-current: ₹2,639.0 lakhs)
Consolidated Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹11,219.0 lakhs
- Net Profit after tax: ₹588.4 lakhs
- Net Profit attributable to owners: ₹588.3 lakhs
- EPS: ₹3.27
- Total Comprehensive Income: ₹4,361.1 lakhs
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹22,008.5 lakhs
- Net Profit after tax: ₹1,248.9 lakhs
- Net Profit attributable to owners: ₹1,248.8 lakhs
- EPS: ₹6.93
- Total Comprehensive Income: ₹32,637.1 lakhs
Segment-wise Performance:
The management has identified only one operating segment i.e. 'Iron & Steel Business' with operations mainly within India.
Corporate Actions:
No dividend declarations, share splits, bonus issues, buybacks, or capital structure changes announced.
Other Significant Information:
- Other comprehensive income mainly on account of MTM gain on equity shares held in Lloyds Metal & Energy Limited (LMEL), recognized at fair value as at September 30, 2026
- The consolidated results include subsidiaries: Sunflag Power Limited and Khappa Coal Company Private Limited
- Joint ventures included: CT Mining Private Limited, Daido DMS India Private Limited, Ramesh Sunwire Private Limited, Madanpur (North) Coal Block Private Limited, and ReNew Green (MPR Three) Private Limited
- Investment in Madanpur (North) Coal Block Private Limited is fully impaired and not consolidated
- Figures of previous periods have been regrouped/rearranged wherever necessary for comparability