Key Financial Performance - Standalone (Rs. in lakhs)
Quarter Ended June 30, 2026:
- Revenue from operations: ₹10,760.90
- Other income: ₹141.67
- Total income: ₹10,902.57
- Total expenses: ₹10,564.54
- Profit before tax: ₹338.03
- Tax expense: (₹409.87) [includes deferred tax credit of ₹425.94]
- Profit for the period: ₹747.90
- Basic EPS: ₹14.60
- Diluted EPS: ₹14.60
- Paid-up equity share capital: ₹512.20 (Face value ₹10 per share)
Comparative Performance:
- Q1 FY26 (June 30, 2025): Profit ₹30.52 lakhs, EPS ₹0.64
- Q4 FY26 (March 31, 2026): Profit ₹225.52 lakhs, EPS ₹4.40
- Full Year FY26: Profit ₹479.58 lakhs, EPS ₹9.66
Key Financial Performance - Consolidated (Rs. in lakhs)
Quarter Ended June 30, 2026:
- Revenue from operations: ₹18,659.50
- Other income: ₹19.76
- Total income: ₹18,679.26
- Total expenses: ₹18,064.22
- Profit before tax: ₹615.04
- Tax expense: (₹363.88) [includes deferred tax credit of ₹427.87]
- Profit for the period: ₹978.92
- Basic EPS: ₹19.11
- Diluted EPS: ₹19.11
Comparative Performance:
- Q1 FY26: Profit ₹153.82 lakhs, EPS ₹3.20
- Q4 FY26: Profit ₹360.13 lakhs, EPS ₹7.03
- Full Year FY26: Profit ₹971.46 lakhs, EPS ₹19.58
Merger Completion with TritonValves Climatech Private Limited (TVCT)
- Board approved draft Scheme of Amalgamation on September 4, 2023
- Appointed date revised from April 1, 2023 to April 1, 2025 (per Official Liquidator suggestion)
- NCLT final order received on May 29, 2026
- Merger order filed with Registrar of Companies on June 27, 2026 (Effective Date)
- TVCT had brought-forward tax losses of ₹1,715.49 lakhs (AY 2022-23 to AY 2025-26)
- Company recognized deferred tax asset of ₹431.79 lakhs during Q1 FY27 on these losses
- Company believes it satisfies all conditions to claim TVCT losses in future tax filings
Bonus Share Issuance
- Board recommended 3:1 bonus issue on February 12, 2026
- Shareholders approved on March 21, 2026
- Increased authorized share capital from 50,00,000 to 1,00,00,000 equity shares of ₹10 each
- Allotted 38,41,581 bonus shares
- Utilized ₹384.16 lakhs from securities premium account
- Received BSE trading and listing approval on April 6, 2026
- EPS for all periods retrospectively adjusted for bonus issue impact
Operating Model Change with Subsidiary
- Effective April 1, 2026, changed relationship with Tritonvalves Future Tech Private Limited (TVFT)
- Transitioned from principal-to-principal basis to conversion agreement
- Company now retains ownership of brass borings, TVFT acts as processor
- Purpose: Enhance inventory management, improve supply chain visibility, mitigate brass price volatility risks
Labour Code Impact
- Government implemented four Labour Codes effective November 21, 2025
- Company estimated increase in gratuity liability by ₹142.56 lakhs (standalone) / ₹151.78 lakhs (consolidated)
- Treated as exceptional item in FY26 results due to non-recurring nature
Segment Performance (Consolidated)
Q1 FY27 Revenue:
- Automotive: ₹10,371.58 lakhs
- Metals: ₹7,898.60 lakhs
- Climate Control: ₹389.32 lakhs
- Total: ₹18,659.50 lakhs
Q1 FY27 Segment Results:
- Automotive: ₹441.33 lakhs profit
- Metals: ₹253.06 lakhs profit
- Climate Control: (₹106.31) lakhs loss
Auditor Review
- Deloitte Haskins & Sells LLP conducted limited review
- Unmodified conclusion on both standalone and consolidated results
- Relied on other auditors for TVCT historical figures and subsidiary results
- Review conducted in accordance with SRE 2410
Board Meeting Details
- Meeting held on August 13, 2026
- Commenced at 2:30 PM IST, concluded at 6:31 PM IST
- Results approved by Board and recommended by Audit Committee