Board Meeting Details

The Board of Directors meeting was held on Tuesday, August 11, 2026, starting at 12:10 PM IST and ending at 3:40 PM IST.

Financial Results Approval

The Board considered and approved the Unaudited Financial Results for the quarter ended June 30, 2026 (Q1 FY27).

Consolidated Financial Results (₹ in lakhs)

Income Statement Highlights:

  • Revenue from operations: ₹13,432.68 (Q1 FY27) vs ₹10,455.26 (Q1 FY26) - 28.5% increase YoY
  • Other income: ₹106.88 (Q1 FY27) vs ₹81.79 (Q1 FY26)
  • Total income: ₹13,539.56 (Q1 FY27) vs ₹10,537.05 (Q1 FY26)
  • Profit before tax: ₹694.26 (Q1 FY27) vs ₹573.53 (Q1 FY26) - 21.0% increase YoY
  • Profit after tax: ₹520.74 (Q1 FY27) vs ₹404.85 (Q1 FY26) - 28.6% increase YoY
  • Earnings per share (Basic): ₹3.84 (Q1 FY27) vs ₹3.12 (Q1 FY26)

Expense Breakdown:

  • Cost of materials consumed: ₹6,222.69
  • Purchases of stock-in-trade: ₹1,012.09
  • Employee benefits expense: ₹1,846.90
  • Finance costs: ₹300.31
  • Depreciation and amortization: ₹591.32
  • Other expenses: ₹3,567.40

Tax Expense:

  • Current tax: ₹178.66
  • Deferred tax: (₹5.14) credit
  • Total tax expense: ₹173.52

Comprehensive Income:

  • Total comprehensive income for the period: ₹520.74
  • Attributable to owners of parent: ₹521.80
  • Attributable to non-controlling interest: (₹1.06)

Standalone Financial Results (₹ in lakhs)

Income Statement Highlights:

  • Revenue from operations: ₹11,453.37 (Q1 FY27) vs ₹8,714.58 (Q1 FY26) - 31.4% increase YoY
  • Other income: ₹155.59 (Q1 FY27) vs ₹80.55 (Q1 FY26)
  • Total income: ₹11,608.96 (Q1 FY27) vs ₹8,795.13 (Q1 FY26)
  • Profit before tax: ₹484.28 (Q1 FY27) vs ₹413.15 (Q1 FY26) - 17.2% increase YoY
  • Profit after tax: ₹366.53 (Q1 FY27) vs ₹309.44 (Q1 FY26) - 18.4% increase YoY
  • Earnings per share (Basic): ₹2.70 (Q1 FY27) vs ₹2.38 (Q1 FY26)

Capital Structure:

  • Paid-up equity share capital: ₹1,358.40 (13,584,000 shares of ₹10 face value)
  • Other equity: ₹34,344.76 (as of March 31, 2026)

Segment Performance (Consolidated)

Revenue by Segment:

  • Hydraulic business: ₹11,705.09 (81.1% of total segment revenue)
  • Foundry business: ₹2,730.31 (18.9% of total segment revenue)
  • Total segment revenue: ₹14,435.40
  • Less: Inter-segment revenue: ₹1,002.72
  • Net segment revenue: ₹13,432.68

Segment Results (Profit before tax and interest):

  • Hydraulic business: ₹1,541.88
  • Foundry business: ₹363.11
  • Total segment results: ₹1,904.99

Dividend Declaration

The Board of Directors, in its meeting held on May 26, 2026, proposed a final dividend of 15% (₹1.50 per equity share) for the financial year ended March 31, 2026. The proposal is subject to shareholder approval at the upcoming Annual General Meeting. If approved, this would result in a cash outflow of ₹203.76 lakhs.

Subsidiaries and Associates

The consolidated results include:

Subsidiaries:

  • Grotek Enterprises Private Limited (India)
  • Kolben Hydraulics Limited (India)

Associates:

  • Coretec Engineering India Private Limited (India)
  • Sai India Limited (India)
  • AEPL Grotek Renewable Energy Private Limited (India) - Associate of Grotek Enterprises Private Limited

Auditor Qualifications:

The review report notes that three subsidiaries with total revenues of ₹4,707.53 lakhs and net profit of ₹180.08 lakhs were reviewed by other auditors. Two associates with net loss of ₹30.34 lakhs were included based on unreviewed financial results that management considers immaterial to the Group.

Labour Code Impact

The Group has recognized an incremental expense of ₹62.09 lakhs during FY26 due to the implementation of the New Labour Codes effective November 21, 2025.

Auditor Review

Walker Chandiok & Co LLP conducted limited reviews of both consolidated and standalone financial results and issued unmodified conclusions on both sets of results.