Financial Results Approval
The Board of Directors at their meeting held on 06 August 2026 (3:15 PM to 5:50 PM IST) approved the unaudited financial results for the first quarter ended 30 June 2026 of FY 2026-27 pursuant to Regulation 33 of SEBI Listing Regulations.
Key Financial Figures (Q1 FY27 vs Q1 FY26 vs Q4 FY26)
- Revenue from operations: ₹4,103.25 lakh (Q1 FY27) vs ₹7,829.03 lakh (Q1 FY26) vs ₹3,918.27 lakh (Q4 FY26)
- Other income: ₹681.20 lakh (Q1 FY27) vs ₹303.93 lakh (Q1 FY26) vs ₹21.76 lakh (Q4 FY26)
- Total income: ₹7,814.50 lakh (Q1 FY27) vs ₹5,132.96 lakh (Q1 FY26) vs ₹4,130.38 lakh (Q4 FY26)
- Profit before exceptional item and tax: ₹973.80 lakh (Q1 FY27) vs ₹2,576.97 lakh (Q1 FY26) vs ₹749.02 lakh (Q4 FY26)
- Exceptional item gain: ₹0.00 lakh (Q1 FY27) vs ₹2,235.05 lakh (Q1 FY26) vs ₹0.00 lakh (Q4 FY26)
- Profit before tax: ₹973.80 lakh (Q1 FY27) vs ₹2,993.02 lakh (Q1 FY26) vs ₹749.02 lakh (Q4 FY26)
- Total tax expense: ₹218.35 lakh (Q1 FY27) vs ₹467.07 lakh (Q1 FY26) vs ₹193.18 lakh (Q4 FY26)
- Net profit for the period: ₹725.45 lakh (Q1 FY27) vs ₹2,516.25 lakh (Q1 FY26) vs ₹555.81 lakh (Q4 FY26)
- Earnings per share (basic and diluted): ₹36.73 (Q1 FY27) vs ₹1,304.45 (Q1 FY26) vs ₹281.44 (Q4 FY26)
Management Change
Mr. Bhautesh Shah resigned as Company Secretary and Compliance Officer (Key Managerial Personnel) effective closing hours of 15 September 2026 to pursue growth opportunities outside the organization. The Board accepted his resignation and placed on record their appreciation for his contributions.
Dividend Declaration
The Board recommended final equity dividend of ₹40 per share (400% of face value of ₹10 each) for FY 2025-26. Additionally, a special dividend of ₹60 per share (600% of face value) was recommended on account of Thane land sale. Total dividend recommended aggregates to ₹100 per share (1000% of face value). Payment is subject to shareholder approval in the upcoming Annual General Meeting.
Exceptional Item Explanation
During previous quarter and year ended 31 March 2026, the Company disposed of its investment property at Thane, Maharashtra for total consideration of ₹28,019.42 lakhs. An exceptional gain of ₹27,353.05 lakhs was recognized after deducting selling expenses of ₹653.65 lakhs and carrying value of investment property amounting to ₹12.72 lakhs.
Segment Information
The Company has only one operating segment "Alloy and Steel Castings" as per Ind-AS 108.
Capital Structure
Paid-up equity share capital remains unchanged at ₹197.50 lakh (face value of ₹10 each).
Additional Information
The Company does not have any subsidiary/associate/joint venture, hence consolidated financial results are not applicable.