Financial Results - Standalone (Quarter Ended June 30, 2026)

The Board approved the unaudited standalone financial results for Q1 FY27:

  • Revenue from operations: ₹813.47 lakhs (vs. ₹533.98 lakhs in Q1 FY26)
  • Other Income: ₹277.24 lakhs
  • Total Income: ₹1,090.71 lakhs
  • Total Expenses: ₹894.72 lakhs
  • Profit before tax: ₹195.99 lakhs (vs. ₹149.07 lakhs in Q1 FY26)
  • Total Tax Expense: ₹23.94 lakhs
  • Profit for the period: ₹272.05 lakhs (vs. ₹107.70 lakhs in Q1 FY26)
  • Earnings per share (Basic and Diluted): ₹6.75 (vs. ₹4.22 in Q1 FY26)
  • Other Comprehensive Income: ₹36.50 lakhs
  • Total Comprehensive Income: ₹208.55 lakhs
  • Paid-up equity share capital: ₹255.00 lakhs (face value ₹10/- each)

Financial Results - Consolidated (Quarter Ended June 30, 2026)

The consolidated financial results include subsidiary Brady & Morris Engineering Company Limited:

  • Revenue from operations: ₹1,943.92 lakhs
  • Other Income: ₹326.40 lakhs
  • Total Income: ₹2,270.32 lakhs
  • Total Expenses: ₹1,971.07 lakhs
  • Profit before tax: ₹299.25 lakhs
  • Total Tax Expense: ₹50.01 lakhs
  • Profit after tax: ₹249.24 lakhs
  • Profit attributable to owners: ₹228.19 lakhs
  • Earnings per share (Basic and Diluted): ₹9.77
  • Total Comprehensive Income: ₹285.74 lakhs
  • Total Comprehensive Income attributable to owners: ₹264.69 lakhs

Segment Performance (Standalone)

  • Renting segment revenue: ₹403.94 lakhs
  • Trading segment revenue: ₹409.53 lakhs
  • Renting segment result: ₹302.03 lakhs profit
  • Trading segment result: ₹31.16 lakhs loss

Segment Performance (Consolidated)

  • Renting segment revenue: ₹403.94 lakhs
  • Trading segment revenue: ₹409.53 lakhs
  • Manufacturing segment revenue: ₹1,744.64 lakhs
  • Renting segment result: ₹302.03 lakhs profit
  • Trading segment result: ₹31.16 lakhs loss
  • Manufacturing segment result: ₹120.86 lakhs profit

Tax Policy Update

The company has opted for taxation under Section 201 of the new Income Tax Act 2025 effective April 1, 2026. Current tax provision for the quarter is based on a 22% tax rate with applicable surcharge and cess. The company is utilizing MAT credit to the extent of 25% of the current quarter's tax liability. Unprovided accumulated MAT credit as of March 31, 2026, amounts to ₹199.59 lakhs.

Corporate Governance

The Board approved the re-appointment of Mr. Cyrus Vachha (DIN: 06722644) as Non-Executive Independent Director for a second term of five years, effective September 29, 2026, to September 28, 2031. This is subject to shareholder approval at the ensuing Annual General Meeting. Mr. Vachha, 81 years old, holds a Bachelor of Arts in Economics and has over 60 years of experience in banking and internal audit. He is not debarred from holding director office by any SEBI order.

Other Proceedings

The Board meeting commenced at 4:40 PM and concluded at 5:00 PM on August 13, 2026. The 113th Annual General Meeting is scheduled for Saturday, September 26, 2026.

Auditor Review

The financial results were reviewed by M/s. J. G. Verma & Co., Chartered Accountants (Registration No. 111381W), who issued an unmodified review report.