Financial Results Overview

Balance Sheet Position (as at September 30, 2026):

  • Total Equity: ₹10,568.14 lakhs (compared to ₹3,847.74 lakhs as at March 31, 2026)
  • Share Capital: ₹2,033.08 lakhs (compared to ₹1,558.88 lakhs)
  • Reserves and Surplus: ₹8,535.06 lakhs (compared to ₹2,288.86 lakhs)
  • Total Assets: ₹24,664.88 lakhs (compared to ₹13,004.93 lakhs)
  • Current Assets: ₹20,603.98 lakhs (including Cash and Bank Balance of ₹3,055.00 lakhs)
  • Non-Current Assets: ₹4,060.90 lakhs

Half Year Performance (April 1, 2026 to September 30, 2026):

  • Revenue from Operations: ₹20,206.23 lakhs
  • Other Income: ₹63.30 lakhs
  • Total Income: ₹20,269.53 lakhs
  • Profit Before Tax: ₹1,770.92 lakhs
  • Tax Expense: ₹463.41 lakhs (Current Tax) and ₹(7.83) lakhs (Deferred Tax)
  • Profit for the Period: ₹1,315.34 lakhs
  • Basic and Diluted EPS: ₹7.18

Quarterly Performance (Q2 FY27):

  • Revenue from Operations: ₹10,670.55 lakhs
  • Profit Before Tax: ₹912.70 lakhs
  • Profit for the Period: ₹676.22 lakhs
  • Basic and Diluted EPS: ₹3.33

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

  • Net Cash from Operating Activities: ₹601.77 lakhs
  • Net Cash Used in Investing Activities: ₹(6,544.98) lakhs
  • Net Cash from Financing Activities: ₹6,322.41 lakhs
  • Net Increase in Cash: ₹379.20 lakhs
  • Cash and Cash Equivalents at End: ₹464.57 lakhs

IPO Proceeds Utilization

The company completed an Initial Public Offering of 55,42,000 equity shares (face value ₹10 each) at ₹127 per share, with listing on BSE SME platform on June 18, 2026. Net proceeds from fresh issue amounted to ₹6,022.34 lakhs, utilized as follows:

  • Funding of Capital Expenditure: ₹868.88 lakhs utilized (₹160.61 lakhs unutilized)
  • Working Capital Requirements: ₹2,495.49 lakhs utilized (₹804.51 lakhs unutilized)
  • General Corporate Purpose: ₹727.31 lakhs utilized (₹167.06 lakhs unutilized)
  • Issue Related Expenses: ₹795.55 lakhs utilized (₹2.93 lakhs unutilized)

Additional Notes

  • The company manufactures aluminium and copper-based electrical winding wires, conductors, and cables.
  • Cash and Bank Balance includes ₹2,590.43 lakhs held under lien as security for cash credit/overdraft facilities (₹2,513.66 lakhs) and margin money against bank guarantees (₹76.77 lakhs).
  • Current Investments include ₹561.60 lakhs in Mutual Funds pledged with Standard Chartered Bank as security for cash credit facility.
  • Payments of ₹3,966.92 lakhs were made to suppliers directly by financiers under TReDS facilities during the period.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on November 2, 2026.