Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026 (Q2 FY27, H1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI LODR

Date of Board Meeting / Approval: October 29, 2026 (commenced 10:30 AM, concluded 1:00 PM)

Audit Opinion: Clean (Unmodified)

Auditor’s Comment: Based on our review... nothing has come to our attention that causes us to believe that the accompanying Statement... contains any material misstatement.

Key Financial Highlights [Unit: ₹ Lakhs]

Standalone Results:

Revenue from Operations:

  • Q2 FY27: ₹5,562.66 (vs. Q2 FY26: ₹5,018.87, +10.8% YoY; vs. Q1 FY27: ₹3,902.77, +42.5% QoQ)
  • H1 FY27: ₹9,465.43 (vs. H1 FY26: ₹10,053.20, -5.8% YoY)

Total Income:

  • Q2 FY27: ₹5,622.21
  • H1 FY27: ₹9,613.67

Net Profit:

  • Q2 FY27: ₹294.81 (vs. Q2 FY26: ₹54.92, +437% YoY; vs. Q1 FY27: ₹324.22, -9.1% QoQ)
  • H1 FY27: ₹619.02 (vs. H1 FY26: ₹209.77, +195% YoY)

EPS (Basic & Diluted):

  • Q2 FY27: ₹1.61
  • H1 FY27: ₹3.37

Other Equity:

  • As of September 30, 2026: ₹12,092.22 (vs. March 31, 2026: ₹11,672.19)

Cash and Cash Equivalents:

  • As of September 30, 2026: ₹8.67 (vs. March 31, 2026: ₹12.33)

Debt:

  • Borrowings (Current Liabilities): ₹7,017.32 (vs. March 31, 2026: ₹6,030.21)

Consolidated Results:

Revenue from Operations:

  • Q2 FY27: ₹5,562.66
  • H1 FY27: ₹9,465.43

Total Income:

  • Q2 FY27: ₹5,622.21
  • H1 FY27: ₹9,613.67

Net Profit (Attributable):

  • Q2 FY27: ₹325.35
  • H1 FY27: ₹684.32

EPS (Basic & Diluted):

  • Q2 FY27: ₹1.77
  • H1 FY27: ₹3.73

Other Equity:

  • As of September 30, 2026: ₹12,624.58 (vs. March 31, 2026: ₹11,939.25)

Cash and Cash Equivalents:

  • As of September 30, 2026: ₹8.67

Share of Profit from Associate:

  • Q2 FY27: ₹30.56 (from Suraj Enterprise Private Limited)
  • H1 FY27: ₹65.30

Segment-wise Performance:

The company has only one reportable segment: manufacturing Stainless and various Steel, Seamless Pipes, Tubes, flanges & fittings business.

Corporate Actions:

Not Specified

Other Significant Information:

Assets and Liabilities (Standalone) as of September 30, 2026:

  • Total Assets: ₹23,930.88 lakhs
  • Total Equity: ₹14,128.63 lakhs
  • Inventories: ₹7,705.55 lakhs
  • Trade Receivables: ₹2,930.34 lakhs
  • Property, Plant and Equipment: ₹9,641.34 lakhs

Cash Flow (Standalone) for H1 FY27:

  • Net Cash from Operating Activities: ₹332.55 lakhs
  • Net Cash used in Investing Activities: ₹(1,085.44) lakhs
  • Net Cash from Financing Activities: ₹749.23 lakhs

Notes:

  • The figures for the corresponding previous period have been restated/regrouped wherever necessary.
  • There are no investor complaints received/pending as on September 30, 2026.
  • The financial results include the associate Suraj Enterprise Private Limited, whose results were not reviewed by its auditor but provided by management.