Key Quantitative Figures (Rs. Lakhs)

Income Statement for Quarter Ended June 30, 2026 (Unaudited)

  • Revenue from operations: 19,367 (QoQ Mar-26: 21,975; YoY Jun-25: 20,132)
  • Other income: 379 (QoQ Mar-26: 185; YoY Jun-25: 970)
  • Total income: 19,746 (QoQ Mar-26: 22,160; YoY Jun-25: 21,102)
  • Cost of materials consumed: 10,908 (QoQ Mar-26: 14,640; YoY Jun-25: 13,849)
  • Employee benefits expense: 1,267 (QoQ Mar-26: 1,310; YoY Jun-25: 1,096)
  • Finance costs: 518 (QoQ Mar-26: 475; YoY Jun-25: 1,080)
  • Depreciation and amortisation expense: 441 (QoQ Mar-26: 431; YoY Jun-25: 396)
  • Power and Fuel expense: 1,804 (QoQ Mar-26: 1,713; YoY Jun-25: 1,578)
  • Total expenses: 19,272 (QoQ Mar-26: 21,765; YoY Jun-25: 21,177)
  • Profit before tax: 474 (QoQ Mar-26: 395; YoY Jun-25: (75))
  • Total tax expense/(credit): (42) [Deferred tax] (QoQ Mar-26: (31); YoY Jun-25: 0)
  • Net profit/(loss) for the period: 516 (QoQ Mar-26: 426; YoY Jun-25: (75))
  • Total comprehensive income for the period: 552 (QoQ Mar-26: 435; YoY Jun-25: (3))

Earnings Per Share & Capital Structure

  • Paid-up equity share capital (Face value ₹6 each): 39,756 lakhs (unchanged QoQ and YoY)
  • Basic EPS (₹): 0.08 (QoQ Mar-26: 0.06; YoY Jun-25: (0.01))
  • Diluted EPS (₹): 0.08 (QoQ Mar-26: 0.06; YoY Jun-25: (0.01))

Dates of Action

  • Board Meeting Date: July 21, 2026
  • Meeting Time: Commenced at 12:00 noon and concluded at 3:15 p.m.
  • Period of Results: Quarter ended June 30, 2026 (Q1 FY2027)
  • Signing Date of Report: July 21, 2026

Parties Involved

  • Stock Exchange: BSE Limited (Scrip Code: 500365)
  • Statutory Auditors: BS R & Co. LLP (Firm's Registration No.: 101248W/W-100022)
  • Audit Partner: Bhavesh Dhupelia (Membership No.: 042070)
  • Company Representative: Dipti Deepak Modi, Company Secretary & Compliance Officer (ACS-25460)

Notes to the Financial Results

1. The results were reviewed by the Audit Committee and approved by the Board of Directors. The Statutory Auditors have carried out a limited review and expressed an unmodified conclusion.

2. The company operates in a single business segment: manufacturing of stainless steel products.

3. The company has a net deferred tax asset of ₹3,418 lakhs as of June 30, 2026 (Mar-31-26: ₹3,388 lakhs). A deferred tax credit of ₹42 lakhs was recorded for the quarter.

4. Note 5 explains a prior year event: In Q1 FY26, the company redeemed 12% Non-Cumulative Redeemable Preference Shares (NCRPS) for ₹2,700 lakhs, resulting in a finance cost of ₹578 lakhs for that quarter, which explains the high YoY finance cost variance.

5. The figures for the quarter ended March 31, 2026 (Q4 FY26), are balancing figures between the audited annual figures and the published unaudited nine-month figures.