Date: June 25, 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

  • Board meeting held on May 25, 2026 reviewed and approved standalone and consolidated audited financial results for quarter and year ended March 31, 2026
  • Audit committee reviewed the results prior to board approval

Financial Results (Standalone & Consolidated)

Standalone Results (₹ in Millions)

Quarter Ended Performance:

| Particular | 31-03-2026 (Audited) | 31-12-2025 (Unaudited) | 31-03-2025 (Audited) |

| Revenue from operations | 1,956.25 | 1,836.85 | 1,473.76 |

| Other income | 259.15 | 339.23 | 253.85 |

| Total Income | 2,215.40 | 2,176.08 | 1,727.61 |

| Net Profit Before Tax | 475.34 | 534.07 | 249.13 |

| Total tax expense | 62.05 | 64.80 | 13.27 |

| Profit for the period | 413.29 | 469.27 | 235.86 |

| EPS (₹) | 16.92 | 10.40 | 5.22 |

Year Ended Performance:

| Particular | 31-03-2026 (Audited) | 31-03-2025 (Audited) |

| Revenue from operations | 7,172.15 | 5,738.17 |

| Other income | 1,033.03 | 711.77 |

| Total Income | 8,205.18 | 6,449.94 |

| Net Profit Before Tax | 1,733.38 | 947.09 |

| Total tax expense | 231.12 | 117.84 |

| Profit for the period | 1,502.26 | 829.25 |

| EPS (₹) | 33.28 | 18.37 |

Standalone Balance Sheet Highlights (as at March 31, 2026):

  • Total Assets: ₹7,982.20 million
  • Equity Share Capital: ₹451.43 million
  • Other Equity: ₹5,054.65 million
  • Total Equity: ₹5,506.08 million
  • Current Assets: ₹5,055.66 million
  • Current Liabilities: ₹2,096.65 million

Standalone Cash Flow (FY2026):

  • Net cash from operating activities: ₹605.28 million
  • Net cash from investing activities: ₹1,325.19 million
  • Net cash from financing activities: ₹(1,841.40) million
  • Net increase in cash: ₹89.07 million

Consolidated Results (₹ in Millions)

Quarter Ended Performance:

| Particular | 31-03-2026 (Audited) | 31-12-2025 (Unaudited) | 31-03-2025 (Audited) |

| Revenue from operations | 3,389.25 | 2,527.98 | 2,335.21 |

| Other income | 5.09 | 56.93 | 63.73 |

| Total Income | 3,394.34 | 2,584.91 | 2,398.94 |

| Net Profit Before Tax | 662.56 | 442.23 | 287.68 |

| Total tax expense | 473.25 | 109.01 | 51.45 |

| Profit for the period | 189.31 | 333.22 | 236.23 |

Year Ended Performance:

| Particular | 31-03-2026 (Audited) | 31-03-2025 (Audited) |

| Revenue from operations | 11,704.03 | 9,636.97 |

| Other income | 176.05 | 259.40 |

| Total Income | 11,880.08 | 9,896.37 |

| Net Profit Before Tax | 2,056.41 | 1,142.74 |

| Total tax expense | 473.25 | 228.28 |

| Profit for the period | 1,583.16 | 914.46 |

Consolidated Balance Sheet Highlights (as at March 31, 2026):

  • Total Assets: ₹12,548.78 million
  • Equity Share Capital: ₹451.43 million
  • Other Equity: ₹8,252.96 million
  • Total Equity: ₹8,704.39 million
  • Current Assets: ₹8,680.59 million
  • Current Liabilities: ₹2,817.12 million

Consolidated Cash Flow (FY2026):

  • Net cash from operating activities: ₹1,736.39 million
  • Net cash from investing activities: ₹362.76 million
  • Net cash from financing activities: ₹(1,669.37) million
  • Net increase in cash: ₹429.78 million

Disinvestment / Strategic Actions

Not Specified

Other Operational / Legal / Strategic Disclosures

Exceptional Items:

  • Labour Code Implementation: Recognized incremental liability of ₹28.05 million (standalone) and ₹34.19 million (consolidated) due to reassessment of employee benefit obligations under new Labour Codes effective from November 21, 2025

Fire Incident:

  • Fire occurred on December 27, 2025 at Ludhiana plant causing damage to building, plant, equipment, and inventory
  • Damage covered under existing insurance policy
  • Company received and adjusted ₹30 million against insurance claim receivable during FY2026

Business Operations:

  • Company operates in manufacturing of Linkage Parts and Components for Off-Highway Vehicles
  • No reportable segments identified by Chief Operating Decision Maker

Financial Ratios (Standalone FY2026):

  • Debt Equity Ratio: 0.12
  • Debt Service Coverage Ratio: 20.89
  • Interest Service Coverage Ratio: 35.17
  • Current Ratio: 2.41
  • Net Profit Margin: 20.95%
  • Operating Margin: 14.04%

Financial Ratios (Consolidated FY2026):

  • Debt Equity Ratio: 0.15
  • Debt Service Coverage Ratio: 34.96
  • Interest Service Coverage Ratio: 25.53
  • Current Ratio: 3.08
  • Net Profit Margin: 13.53%