Key Correction Details

The company identified an inadvertent error in mentioning Increase/(Decrease) in provisions in "Cash flow from Operations" in the originally submitted financial results. Except for this correction, there are no other changes in the Financial Results already submitted.

Financial Results Overview

Income Statement (Year Ended March 31, 2026)

  • Revenue from operations: ₹4,300.37 lakhs (FY25: ₹3,180.23 lakhs)
  • Other income: ₹11.16 lakhs (FY25: ₹3.18 lakhs)
  • Total income: ₹4,311.53 lakhs (FY25: ₹3,183.41 lakhs)
  • Total expenditure: ₹3,895.20 lakhs (FY25: ₹2,979.46 lakhs)
  • Profit before tax: ₹416.33 lakhs (FY25: ₹203.95 lakhs)
  • Total tax expenses: ₹108.56 lakhs (FY25: ₹54.80 lakhs)
  • Profit for the year: ₹307.77 lakhs (FY25: ₹149.15 lakhs)
  • Basic and diluted EPS: ₹12.20 (FY25: ₹5.91)

Half Yearly Results (March 31, 2026)

  • Revenue from operations: ₹2,959.90 lakhs
  • Other income: ₹10.62 lakhs
  • Total income: ₹2,970.52 lakhs
  • Total expenditure: ₹2,698.55 lakhs
  • Profit before tax: ₹271.97 lakhs
  • Total tax expenses: ₹70.47 lakhs
  • Profit for the period: ₹201.50 lakhs
  • Basic and diluted EPS: ₹7.98

Balance Sheet Position (as at March 31, 2026)

  • Share capital: ₹252.36 lakhs (unchanged from FY25)
  • Reserves and surplus: ₹900.97 lakhs (FY25: ₹593.20 lakhs)
  • Total equity: ₹1,153.33 lakhs (FY25: ₹845.56 lakhs)
  • Total assets: ₹2,077.99 lakhs (FY25: ₹1,626.26 lakhs)
  • Non-current assets: ₹677.90 lakhs (FY25: ₹315.84 lakhs)
  • Current assets: ₹1,400.09 lakhs (FY25: ₹1,310.42 lakhs)

Cash Flow Statement (Year Ended March 31, 2026)

  • Cash generated from operations: ₹421.08 lakhs
  • Income taxes paid: ₹(121.41) lakhs
  • Net cash from operating activities: ₹299.66 lakhs (FY25: ₹(352.65) lakhs)
  • Net cash used in investing activities: ₹(455.35) lakhs (FY25: ₹(184.45) lakhs)
  • Net cash from financing activities: ₹133.76 lakhs (FY25: ₹560.63 lakhs)
  • Net decrease in cash: ₹(21.93) lakhs (FY25: ₹23.53 lakhs increase)
  • Cash and cash equivalents at end: ₹18.10 lakhs (FY25: ₹40.03 lakhs)

Audit and Compliance Details

  • Statutory Auditor: M/s. Maheshwari & Co., Chartered Accountants (FRN: 105834W)
  • Audit opinion: Unmodified opinion on the standalone financial results
  • Board meeting timing: Commenced at 6:30 PM and concluded at 7:10 PM on May 28, 2026
  • Regulatory reference: Prepared pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015

Significant Accounting Notes

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 for compensated absences and provident fund. Related rules are still being notified by the Government.

IPO Proceeds Utilization

Proceeds of fresh issue of ₹476 lakhs were utilized as follows:

  • Working capital: ₹260.00 lakhs (fully utilized)
  • General corporate purposes (including issue expenses): ₹205.88 lakhs utilized of ₹216.00 lakhs
  • Unutilized funds: ₹10.12 lakhs kept with Yes Bank in Escrow Account

Business Segment

The company is primarily engaged in offering mechanical slicing solutions to the real estate, construction & infrastructure industry by designing, engineering and supplying rebar couplers. Separate segment-wise disclosure under AS-17 is not applicable.