Financial Results for Quarter Ended September 30, 2026

The Board considered and approved the reviewed unaudited financial results for Q2 FY27:

  • Revenue from operations: ₹96,192 lakhs (Q2 FY26: ₹79,696 lakhs)
  • Other income: ₹468 lakhs (Q2 FY26: ₹697 lakhs)
  • Total income: ₹96,660 lakhs (Q2 FY26: ₹80,393 lakhs)
  • Total expenses: ₹82,877 lakhs (Q2 FY26: ₹73,480 lakhs)
  • Profit before tax: ₹13,783 lakhs (Q2 FY26: ₹6,913 lakhs)
  • Tax expense: ₹3,487 lakhs (Q2 FY26: ₹1,923 lakhs)
  • Profit for the period: ₹10,297 lakhs (Q2 FY26: ₹4,990 lakhs)
  • Earnings per share (basic and diluted): ₹5.89 (Q2 FY26: ₹2.85)

Financial Results for Half Year Ended September 30, 2026

  • Revenue from operations: ₹184,076 lakhs (H1 FY26: ₹154,130 lakhs)
  • Other income: ₹1,066 lakhs (H1 FY26: ₹1,346 lakhs)
  • Total income: ₹185,142 lakhs (H1 FY26: ₹155,476 lakhs)
  • Total expenses: ₹160,607 lakhs (H1 FY26: ₹141,841 lakhs)
  • Profit before tax: ₹24,535 lakhs (H1 FY26: ₹13,635 lakhs)
  • Tax expense: ₹6,186 lakhs (H1 FY26: ₹3,641 lakhs)
  • Profit for the period: ₹18,349 lakhs (H1 FY26: ₹9,994 lakhs)
  • Earnings per share (basic and diluted): ₹10.49 (H1 FY26: ₹5.71)

Balance Sheet Highlights (as of September 30, 2026)

  • Total assets: ₹296,129 lakhs (March 31, 2026: ₹260,514 lakhs)
  • Equity share capital: ₹17,494 lakhs (unchanged)
  • Other equity: ₹114,907 lakhs (March 31, 2026: ₹96,750 lakhs)
  • Total equity: ₹132,401 lakhs (March 31, 2026: ₹114,244 lakhs)
  • Non-current borrowings: ₹44,645 lakhs (March 31, 2026: ₹33,414 lakhs)
  • Current borrowings: ₹18,365 lakhs (March 31, 2026: ₹12,155 lakhs)

Cash Flow Highlights (H1 FY27)

  • Net cash from operating activities: ₹36,249 lakhs (H1 FY26: ₹33,422 lakhs)
  • Net cash used in investing activities: ₹44,050 lakhs (H1 FY26: ₹4,306 lakhs)
  • Net cash from financing activities: ₹7,450 lakhs (H1 FY26: ₹28,454 lakhs used)
  • Cash and cash equivalents at period end: ₹1,197 lakhs (H1 FY26: ₹5,975 lakhs)

Corporate Governance Update

Based on the recommendation of the Nomination and Remuneration Committee, the Board recommended the appointment of Mr. Chandrashekhar Joshi as a Non-Executive Director of the Company, subject to approval of shareholders by way of postal ballot. The Board also approved the notice of the Postal Ballot for this purpose.

Buyback Program Update

The Board previously approved (August 4, 2026) a buyback of up to 8,750,000 equity shares (5% of total) at ₹320 per share, aggregating ₹28,000 lakhs. Shareholders approved the buyback via postal ballot on October 3, 2026. The record date was fixed as October 22, 2026, and the Letter of Offer was submitted to exchanges on October 24, 2026. The buyback process is expected to complete on November 9, 2026, with financial impact to be recognized in Q3 FY27 results.

Auditor Review

Walker Chandiok & Co LLP issued an unqualified review report on the financial results, confirming preparation in accordance with Ind AS 34 and SEBI Listing Regulations.