Board Meeting Details

The board meeting was held on November 02, 2026, commencing at 04:20 PM and concluding at 07:00 PM.

Financial Performance Highlights (All amounts in ₹ lakhs)

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹9,353 (vs ₹5,178 in Q2 FY26 - 80.6% increase)
  • Other Income: ₹462
  • Total Income: ₹9,815
  • Cost of Materials Consumed: ₹5,529
  • Employees Benefits Expenses: ₹2,254
  • Finance Costs: ₹978
  • Depreciation and Amortisation: ₹317
  • Profit before tax: ₹47 (vs ₹(1,190) loss in Q2 FY26)
  • Profit after tax: ₹47
  • Total Comprehensive Income: ₹171
  • Basic EPS: ₹0.07 (vs ₹(1.76) in Q2 FY26)
  • Diluted EPS: ₹0.07

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹18,436 (vs ₹10,122 in H1 FY26 - 82.1% increase)
  • Other Income: ₹1,159
  • Total Income: ₹19,595
  • Profit before tax: ₹165 (vs ₹(2,229) loss in H1 FY26)
  • Profit after tax: ₹165
  • Total Comprehensive Income: ₹245
  • Basic EPS: ₹0.24 (vs ₹(3.29) in H1 FY26)
  • Diluted EPS: ₹0.24

Segment-wise Performance (Q2 FY27)

Revenue:

  • Heavy Engineering: ₹7,059
  • Foundry and Machine Shop: ₹1,684
  • Others: ₹651
  • Total Segment Revenue: ₹9,394
  • Less: Inter-segment Revenue: ₹41
  • Net Sales/Income from Operations: ₹9,353

Segment Results (Profit/(Loss) before Interest and Tax):

  • Heavy Engineering: ₹803
  • Foundry and Machine Shop: ₹150
  • Others: ₹147
  • Total Segment Profit: ₹1,100
  • Add: Profit on Sale of Asset: ₹0
  • Less: Finance Cost: ₹978
  • Less: Other unallocable expenditure: ₹75
  • Profit Before Tax: ₹47

Capital Employed (As at September 30, 2026)

  • Segment Assets: ₹91,990
  • Segment Liabilities: ₹55,752
  • Total Capital Employed: ₹36,238

Statement of Assets and Liabilities (As at September 30, 2026)

Total Assets: ₹91,990

  • Non-Current Assets: ₹38,239
  • Property, Plant and Equipment: ₹25,700
  • Capital Work-in-Progress: ₹3,274
  • Investment Property: ₹153
  • Intangible Assets: ₹35
  • Financial Assets: ₹7,518
  • Other Non-Current Assets: ₹1,559
  • Current Assets: ₹51,263
  • Inventories: ₹13,358
  • Trade Receivables: ₹8,414
  • Cash and Cash Equivalents: ₹859
  • Other Financial Assets: ₹6,452
  • Current Tax Asset: ₹224
  • Other Current Assets: ₹5,496
  • Non-Current Asset held for sale: ₹2,488

Equity and Liabilities: ₹91,990

  • Equity: ₹36,238
  • Equity Share Capital: ₹1,358
  • Other Equity: ₹34,880
  • Non-current liabilities: ₹11,579
  • Borrowings: ₹5,012
  • Provisions: ₹1,980
  • Other Non-Current liabilities: ₹4,587
  • Current liabilities: ₹44,174
  • Trade Payables: ₹19,572
  • Micro and small enterprises: ₹1,721
  • Other creditors: ₹17,851
  • Other Financial Liabilities: ₹8,710
  • Provisions: ₹354
  • Other Current Liabilities: ₹8,626

Cash Flow Statement (H1 FY27)

  • Cash from Operating Activities: ₹(592)
  • Cash from Investing Activities: ₹(1,274)
  • Cash from Financing Activities: ₹716
  • Net Decrease in Cash: ₹(1,149)
  • Cash at beginning of year: ₹2,009
  • Cash at end of period: ₹859

Key Notes and Additional Information

1. Financial results prepared in accordance with Indian Accounting Standards (Ind AS)

2. Company engaged in three segments: Heavy Engineering, Foundry & Machine shop, and Others

3. During the quarter, company issued 62,472 equity shares under ESOP Scheme 2020 and recognized an expense of ₹57 lakhs under Employee Benefits Expense

4. Figures for previous periods have been regrouped/reclassified where necessary

5. The auditors conducted a limited review and reported nothing has come to their attention causing belief that the statement contains any material misstatement

6. Ethiopia division financial results were not reviewed by auditors (total assets: ₹86.86 lakhs, total liabilities: ₹71.61 lakhs as at September 30, 2026)