The Board approved the un-audited standalone financial results for the quarter and half year ended September 30, 2026. The financial results were reviewed by the statutory auditors, S A R B & Associates, Chartered Accountants, who issued an unmodified limited review report.

The trading window for dealing in the company's securities by designated persons will reopen on Thursday, November 5, 2026.

Financial Performance Highlights (Quarterly)

  • Revenue from operations: ₹1,067.06 lakhs (Q2 FY27) vs ₹445.12 lakhs (Q2 FY26) - 139.7% increase YoY
  • Total Income: ₹1,072.82 lakhs (Q2 FY27) vs ₹446.78 lakhs (Q2 FY26)
  • Profit before tax: ₹91.27 lakhs (Q2 FY27) vs ₹64.53 lakhs (Q2 FY26) - 41.4% increase YoY
  • Net profit: ₹67.62 lakhs (Q2 FY27) vs ₹49.42 lakhs (Q2 FY26) - 36.8% increase YoY
  • Earnings per share (Basic & Diluted): ₹3.33 (Q2 FY27) vs ₹3.28 (Q2 FY26)

Financial Performance Highlights (Half Year)

  • Revenue from operations: ₹2,020.62 lakhs (H1 FY27) vs ₹696.75 lakhs (H1 FY26) - 190.0% increase YoY
  • Total Income: ₹2,026.95 lakhs (H1 FY27) vs ₹698.50 lakhs (H1 FY26)
  • Profit before tax: ₹177.09 lakhs (H1 FY27) vs ₹60.06 lakhs (H1 FY26) - 194.8% increase YoY
  • Net profit: ₹131.53 lakhs (H1 FY27) vs ₹45.26 lakhs (H1 FY26) - 190.6% increase YoY
  • Earnings per share (Basic & Diluted): ₹7.18 (H1 FY27) vs ₹3.00 (H1 FY26)

Balance Sheet Position (as of September 30, 2026)

  • Total Equity: ₹1,056.81 lakhs (vs ₹384.77 lakhs as of March 31, 2026)
  • Share Capital: ₹203.31 lakhs (vs ₹155.89 lakhs as of March 31, 2026)
  • Reserves and Surplus: ₹853.51 lakhs (vs ₹228.89 lakhs as of March 31, 2026)
  • Total Assets: ₹2,466.49 lakhs (vs ₹1,300.49 lakhs as of March 31, 2026)
  • Cash and Bank Balance: ₹305.50 lakhs (vs ₹8.54 lakhs as of March 31, 2026)

IPO Details and Proceeds Utilization

The company completed its Initial Public Offering of 55,42,000 equity shares (face value ₹10 each) at ₹127 per share, comprising a fresh issue of 47,42,000 shares and an offer for sale of 8,00,000 shares. The shares were listed on the BSE SME platform on June 18, 2026.

The company received a net amount of ₹6,022.34 lakhs from the fresh issue. Utilization of IPO proceeds as of September 30, 2026:

  • Capital expenditure: ₹868.88 lakhs utilized (₹160.61 lakhs unutilized) of ₹1,029.49 lakhs allocated
  • Working capital requirements: ₹2,495.49 lakhs utilized (₹804.51 lakhs unutilized) of ₹3,300.00 lakhs allocated
  • General corporate purpose: ₹727.31 lakhs utilized (₹167.06 lakhs unutilized) of ₹894.37 lakhs allocated
  • Issue-related expenses: ₹795.55 lakhs utilized (₹2.93 lakhs unutilized) of ₹798.48 lakhs allocated

Cash Flow Statement (Half Year ended September 30, 2026)

  • Net cash from operating activities: ₹60.18 lakhs
  • Net cash used in investing activities: ₹(654.50) lakhs
  • Net cash from financing activities: ₹632.24 lakhs
  • Net increase in cash and cash equivalents: ₹37.92 lakhs

Other Financial Notes

  • The company is primarily engaged in manufacturing aluminum and copper-based electrical winding wires, conductors, and cables.
  • Cash and bank balance includes ₹259.04 lakhs held under lien as security for cash credit/overdraft facilities and bank guarantees.
  • Current investments include ₹56.16 lakhs in mutual funds pledged with Standard Chartered Bank.
  • Payments of ₹396.69 lakhs were made to suppliers directly by financiers under TReDS facilities during the period.