The Board of Directors of Vruddhi Engineering Works Limited held a meeting on May 28, 2026 from 6:30 PM to 7:10 PM where they approved and took on record the Audited Standalone Financial Results for the half year and year ended March 31, 2026.
The statutory auditors, M/s. Maheshwari & Co., Chartered Accountants (FRN: 105834W), issued an audit report with unmodified opinion on the Standalone Financial Results for the year ended March 31, 2026.
Financial Performance Highlights
Year Ended March 31, 2026 (Audited) vs March 31, 2025 (Audited):
- Total Revenue: ₹3,895.20 lakhs (vs ₹2,979.46 lakhs in FY25) - 30.74% increase
- Profit Before Tax: ₹416.33 lakhs (vs ₹203.95 lakhs in FY25) - 104.14% increase
- Net Profit: ₹108.56 lakhs (vs ₹54.80 lakhs in FY25) - 98.10% increase
- Earnings Per Share: Not explicitly stated in numerical terms
Half Year Ended March 31, 2026 vs March 31, 2025:
- The figures for the half year ended March 31, 2026 represent balancing figures derived by subtracting the reviewed year-to-date figures up to the respective half-years from the audited figures of the full financial years.
Balance Sheet Position as at March 31, 2026
Equity and Liabilities:
- Equity Share Capital: ₹252.36 lakhs
- Other Equity: ₹900.97 lakhs
- Total Equity: ₹1,153.33 lakhs
- Non-current liabilities: ₹46.03 lakhs
- Current liabilities: ₹878.63 lakhs
- Total Liabilities: ₹2,077.99 lakhs
Assets:
- Non-current assets: ₹677.90 lakhs (Property, plant and equipment: ₹371.30 lakhs; Intangible Assets: ₹4.21 lakhs; Non-current investments: ₹302.39 lakhs)
- Current assets: ₹1,400.09 lakhs (Inventories: ₹88.85 lakhs; Trade receivables: ₹1,195.75 lakhs; Cash and cash equivalents: ₹18.10 lakhs; Short term loans & advances: ₹91.05 lakhs; Other current assets: ₹6.34 lakhs)
- Total Assets: ₹2,077.99 lakhs
Cash Flow Statement for Year Ended March 31, 2026
- Cash generated from operations: ₹392.64 lakhs
- Income taxes paid: ₹(121.41) lakhs
- Net cash from operating activities: ₹271.23 lakhs
- Net cash used in investing activities: ₹(455.35) lakhs (Purchase of property, plant & equipment: ₹154.31 lakhs; Purchase of investment: ₹301.09 lakhs)
- Net cash from financing activities: ₹133.76 lakhs (Proceeds of borrowings: ₹177.16 lakhs; Interest paid: ₹43.40 lakhs)
- Net decrease in cash and cash equivalents: ₹(50.36) lakhs
- Cash and cash equivalents at end of year: ₹18.10 lakhs (Cash on hand: ₹5.79 lakhs; Current account: ₹2.19 lakhs; Escrow account: ₹10.12 lakhs)
Significant Notes to Financial Results
1. Labour Code Implementation: The Government of India consolidated 29 labour legislations into four Labour Codes effective from November 21, 2025. The Company has estimated revised gratuity liability as at March 31, 2026 under the New Labour Codes, with additional liability recognized in employee benefit expenses. No material additional liability arose on compensated absences and provident fund.
2. IPO Proceeds Utilization: Of the ₹476 lakhs fresh issue proceeds:
- Working Capital: ₹260.00 lakhs (fully utilized)
- General Corporate Purposes (including issue expenses): ₹216.00 lakhs (₹205.88 lakhs utilized)
- Unutilized amount: ₹10.12 lakhs kept in Escrow Account with Yes Bank
3. Segment Reporting: The Company is primarily engaged in mechanical slicing solutions for real estate, construction & infrastructure industry by designing, engineering and supplying rebar couplers. Separate segment-wise disclosure under AS-17 is not applicable.
4. Basis of Preparation: Financial results prepared in accordance with Accounting Standards prescribed under Section 133 of Companies Act, 2013 and Regulation 33 of SEBI (LODR) Regulations, 2015.