Key Financial Figures - Standalone (₹ million)
Quarterly Performance (Q2 FY27 vs Q2 FY26)
- Revenue from operations: ₹2,027.49 (vs ₹2,329.75 in Q2 FY26) - decreased by ₹302.26 million
- Total income: ₹2,129.55 (vs ₹2,434.43 in Q2 FY26)
- Finance costs: ₹345.12 (vs ₹17.86 in Q2 FY26) - significant increase
- Profit/(Loss) before tax: (₹22.17) loss (vs ₹639.92 profit in Q2 FY26)
- Profit/(Loss) for the period: (₹22.57) loss (vs ₹480.23 profit in Q2 FY26)
- Basic EPS: (₹0.30) (vs ₹7.22 in Q2 FY26)
Half-Yearly Performance (H1 FY27 vs H1 FY26)
- Revenue from operations: ₹4,714.03 (vs ₹4,005.70 in H1 FY26) - increased by ₹708.33 million
- Total income: ₹4,932.76 (vs ₹4,318.16 in H1 FY26)
- Profit/(Loss) before tax: ₹595.22 (vs ₹1,116.33 in H1 FY26)
- Profit/(Loss) for the period: ₹431.63 (vs ₹864.12 in H1 FY26)
- Basic EPS: ₹5.75 (vs ₹12.99 in H1 FY26)
Balance Sheet Position (as at September 30, 2026)
- Total assets: ₹50,751.92 million
- Total equity: ₹31,816.71 million
- Non-current liabilities: ₹14,327.10 million (primarily borrowings)
- Current liabilities: ₹4,608.11 million
Key Financial Figures - Consolidated (₹ million)
Quarterly Performance (Q2 FY27 vs Q2 FY26)
- Revenue from operations: ₹42,540.35 (vs ₹4,053.54 in Q2 FY26) - massive increase due to acquisition
- Total income: ₹42,947.27 (vs ₹4,210.86 in Q2 FY26)
- Profit/(Loss) before tax: ₹729.02 (vs ₹587.32 in Q2 FY26)
- Profit/(Loss) for the period: (₹587.74) loss (vs ₹449.39 profit in Q2 FY26)
- Basic EPS: (₹6.32) (vs ₹6.75 in Q2 FY26)
Half-Yearly Performance (H1 FY27 vs H1 FY26)
- Revenue from operations: ₹59,774.77 (vs ₹7,614.46 in H1 FY26)
- Profit/(Loss) before tax: (₹435.75) loss (vs ₹1,019.41 profit in H1 FY26)
- Profit/(Loss) for the period: (₹1,670.26) loss (vs ₹802.74 profit in H1 FY26)
- Basic EPS: (₹17.79) (vs ₹12.06 in H1 FY26)
Balance Sheet Position (as at September 30, 2026)
- Total assets: ₹227,065.75 million (significant increase due to acquisition)
- Total equity: ₹33,877.77 million
- Total liabilities: ₹193,187.98 million
Major Corporate Development: Molycop Group Acquisition
Transaction Details
- Date of definitive agreements: November 28, 2025
- Acquisition completion date: June 1, 2026
- Purchase consideration: ₹42,421.9 million (USD 442.7 million)
- Partnership with: Apollo Management Singapore Pte Ltd
Accounting Impact
- Identifiable intangible assets (provisional): ₹34,717.54 million (USD 362.3 million)
- Goodwill recognized (provisional): ₹50,570.52 million (USD 527.74 million)
- Assets and liabilities recorded on provisional basis, subject to finalization within one year measurement period
- Acquisition contributed approximately ₹50,632.22 million to Group's revenue for six months ended September 30, 2026
Segment Restructuring
Post-acquisition, the Group now operates in three segments:
1. Consumables - Grinding Media (new segment from Molycop)
2. Consumables - Others (pre-acquisition consumable business)
3. Equipments (operations of Tega McNally Minerals Limited)
One-Time Expenses
- Molycop acquisition-related expenses: ₹2,575.53 million for H1 FY27 (₹665.98 million in Q2 FY27, ₹1,909.55 million in Q1 FY27)
- Standalone company acquisition expenses: ₹73.00 million for H1 FY27
Capital Structure Change
- Preferential allotment of 8,592,206 Equity Shares (face value ₹10 each) at issue price of ₹1,994 (including premium of ₹1,984)
- Allotment date: November 28, 2025
- Paid-up equity share capital increased from ₹665.35 million to ₹751.28 million
Auditor Review
- Statutory Auditors: Walker Chandiok & Co LLP
- Review report: Unmodified opinion on both standalone and consolidated results
- 6 subsidiaries not reviewed by main auditors, relying on other auditors' reports
Cash Flow Highlights (Consolidated, H1 FY27)
- Net cash from operating activities: ₹7,126.33 million
- Net cash used in investing activities: (₹49,707.64) million (primarily acquisition-related)
- Net cash from financing activities: ₹37,697.76 million (including ₹40,129.71 million from long-term borrowings)
- Net decrease in cash: (₹4,883.55) million