Summary of Key Information:
Reporting Period: Quarter and Half Year ended September 30, 2026
Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results
Date of Board Meeting / Approval: November 7, 2026
Audit Opinion: Unmodified limited review report by statutory auditors
Auditor's Comment: No material misstatements found; prepared in accordance with Ind AS 34
Key Financial Highlights [Rs. in Lakhs]:
Standalone Results:
Revenue from Operations:
- Q2 FY27: ₹2,44,835 (32.7% YoY increase from ₹1,84,501 in Q2 FY26)
- H1 FY27: ₹4,49,465 (30.3% YoY increase from ₹3,44,942 in H1 FY26)
Total Income:
- Q2 FY27: ₹2,45,445
- H1 FY27: ₹4,60,872
Net Profit:
- Q2 FY27: ₹7,664 (3.4% YoY increase from ₹7,413 in Q2 FY26)
- H1 FY27: ₹13,612 (26.3% YoY increase from ₹10,773 in H1 FY26)
EPS (not annualized, face value ₹5):
- Q2 FY27: Basic ₹3.52, Diluted ₹3.52
- H1 FY27: Basic ₹6.25, Diluted ₹6.25
Other Equity: ₹2,52,341 as of March 31, 2026
Cash and Cash Equivalents: ₹1,037 as of September 30, 2026 (decreased from ₹4,437 as of March 31, 2026)
Debt:
- Short-term borrowings: ₹7,881 as of September 30, 2026
- Lease liabilities: ₹1,973 (current ₹591 + non-current ₹1,382) as of September 30, 2026
Consolidated Results:
Revenue from Operations:
- Q2 FY27: ₹2,44,848
- H1 FY27: ₹4,49,496
Net Profit:
- Q2 FY27: ₹7,673
- H1 FY27: ₹13,633
- Entire profit attributable to equity holders of parent company
EPS (not annualized, face value ₹5):
- Q2 FY27: Basic ₹3.52, Diluted ₹3.52
- H1 FY27: Basic ₹6.26, Diluted ₹6.26
Segment-wise Performance [Rs. in Lakhs]:
Standalone Segment Revenue:
Steel Pipe & Strips:
- Q2 FY27: ₹1,94,116 (37.6% YoY increase from ₹1,41,079)
- H1 FY27: ₹3,53,126 (35.0% YoY increase from ₹2,61,811)
Lighting & Consumer Durables:
- Q2 FY27: ₹50,719 (16.8% YoY increase from ₹43,422)
- H1 FY27: ₹96,339 (15.9% YoY increase from ₹83,131)
Standalone Segment Results (Profit before tax and finance cost):
Steel Pipe & Strips:
- Q2 FY27: ₹7,901
- H1 FY27: ₹13,947
Lighting & Consumer Durables:
- Q2 FY27: ₹2,940
- H1 FY27: ₹5,474
Corporate Actions:
Dividend: Payment of dividend of ₹544.1 lakhs during H1 FY27 (compared to ₹652.9 lakhs in H1 FY26)
ESOP: SRL Employees Stock Option Scheme-2018 and Scheme-2021 have been completed. Cumulatively 35,29,275 stock options exercised up to September 30, 2026 (nil during the quarter). The Trust holds no shares as of September 30, 2026.
Other Significant Information:
Cash Flow Standalone (H1 FY27):
- Net cash used in operating activities: ₹(918.7)
- Net cash from investing activities: ₹1,125.8
- Net cash used in financing activities: ₹(547.1)
- Net decrease in cash: ₹(340.0)
Assets and Liabilities Standalone (as of September 30, 2026):
- Total assets: ₹3,65,347
- Inventories: ₹1,20,383
- Trade receivables: ₹99,929
- Total equity: ₹2,71,417
- Total liabilities: ₹93,930
Notes: Previous period figures have been regrouped/reclassified wherever necessary. No exceptional items during the period.