Key Financial Figures
Quarter Ended March 31, 2026 (Audited):
- Net Sales/Income from operations: ₹11,016.68 lakhs
- Other Income (Net): ₹26.55 lakhs
- Total Income: ₹11,043.23 lakhs
- Profit before exceptional items and tax: ₹409.81 lakhs
- Exceptional items: ₹(277.13) lakhs
- Profit before tax: ₹132.68 lakhs
- Total Tax Expenses: ₹43.03 lakhs
- Net profit for the period: ₹89.65 lakhs (₹0.09 per share)
- Total comprehensive income: ₹232.25 lakhs
Year Ended March 31, 2026 (Audited):
- Net Sales/Income from operations: ₹37,198.13 lakhs
- Other Income (Net): ₹340.83 lakhs
- Total Income: ₹37,538.96 lakhs
- Profit before exceptional items and tax: ₹1,798.71 lakhs
- Exceptional items: ₹(302.32) lakhs
- Profit before tax: ₹1,496.39 lakhs
- Total Tax Expenses: ₹376.51 lakhs
- Net profit for the year: ₹1,119.88 lakhs (₹1.11 per share)
- Total comprehensive income: ₹1,610.92 lakhs
Comparative Performance
Quarterly Comparison:
- Q4 FY26 Net Profit: ₹89.65 lakhs vs Q4 FY25: ₹1,217.19 lakhs (93% decrease)
- Q4 FY26 Revenue: ₹11,016.68 lakhs vs Q4 FY25: ₹10,869.40 lakhs (1.4% increase)
Annual Comparison:
- FY26 Net Profit: ₹1,119.88 lakhs vs FY25: ₹4,537.41 lakhs (75% decrease)
- FY26 Revenue: ₹37,198.13 lakhs vs FY25: ₹34,452.68 lakhs (8% increase)
Exceptional Items
Exceptional items totaling ₹302.32 lakhs for the year ended March 31, 2026 include:
- Incremental provision for gratuity in accordance with new labour codes amounting to ₹254.56 lakhs
- Additional provisions recorded during the quarters ended December 31, 2025 and March 31, 2026
US Tariff Impact
The company provided additional discounts aggregating to ₹1,997.40 lakhs to customers in USA to mitigate tariff burden imposed by the United States:
- September 30, 2025: ₹391.76 lakhs
- December 31, 2025: ₹1,370.40 lakhs
- March 31, 2026: ₹235.24 lakhs
Capital Structure
- Paid-up equity share capital: ₹1,005.69 lakhs (Face value: ₹1.00 per share)
- Reserves (excluding Revaluation Reserve): ₹30,493.39 lakhs
- Previous year share capital: ₹402.28 lakhs (restated for bonus shares issued during Q1 FY26)
Cash Flow Information
- Cash generated from operations: ₹2,828.82 lakhs
- Income taxes paid (net of refunds): ₹(179.24) lakhs
- Net cash from operating activities: ₹2,134.76 lakhs
- Net cash used in investing activities: ₹(2,306.78) lakhs
- Net cash from financing activities: ₹2,215.66 lakhs
- Net decrease in cash and cash equivalents: ₹39.74 lakhs
Balance Sheet Highlights (as of March 31, 2026)
- Total Assets: ₹44,808.75 lakhs
- Total Equity: ₹31,499.08 lakhs
- Non-current liabilities: ₹2,536.84 lakhs
- Current liabilities: ₹10,772.83 lakhs
- Inventories: ₹15,201.49 lakhs
- Cash and cash equivalents: ₹299.71 lakhs
Strategic Developments
- Board meeting held on January 14, 2026 approved proposal to list equity shares on National Stock Exchange of India Limited (NSE)
- The company is in the process of pursuing NSE listing
Management Signatories
- Chairman and Managing Director: K. Thiagarajan
- Chief Financial Officer: P. Senthil Kumar
- Company Secretary: K. Preyatharshine (M.No: A58314)
- Audit Committee Chairman: M. Anbukani