Board Meeting Details

The Board of Directors meeting was held on November 13, 2026, starting at 12:20 PM IST and ending at 3:45 PM IST. The meeting considered and approved the Unaudited Financial Results for the quarter and half year ended September 30, 2026.

Consolidated Financial Results (₹ in lakhs, except per share data)

Quarterly Performance (Q2 FY27 vs Q2 FY26):

  • Revenue from operations: ₹16,039.13 (vs ₹11,252.72 in Q2 FY26) - 42.5% increase
  • Other income: ₹87.53 (vs ₹96.73 in Q2 FY26)
  • Total income: ₹16,126.66 (vs ₹11,349.45 in Q2 FY26)
  • Total expenses: ₹15,186.01 (vs ₹10,686.95 in Q2 FY26)
  • Profit before tax: ₹950.44 (vs ₹661.07 in Q2 FY26)
  • Tax expense: ₹253.43 (vs ₹149.25 in Q2 FY26)
  • Profit after tax: ₹697.01 (vs ₹511.82 in Q2 FY26)
  • Basic EPS: ₹5.14 (vs ₹3.82 in Q2 FY26)
  • Diluted EPS: ₹5.14 (vs ₹3.82 in Q2 FY26)

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Revenue from operations: ₹29,471.81 (vs ₹21,707.98 in H1 FY26)
  • Other income: ₹194.41 (vs ₹178.52 in H1 FY26)
  • Total income: ₹29,666.22 (vs ₹21,886.50 in H1 FY26)
  • Profit after tax: ₹1,217.75 (vs ₹916.67 in H1 FY26)
  • Basic EPS: ₹8.98 (vs ₹6.95 in H1 FY26)
  • Diluted EPS: ₹8.98 (vs ₹6.95 in H1 FY26)

Comparative Quarterly Data (Q2 FY27 vs Q1 FY27):

  • Revenue from operations: ₹16,039.13 (vs ₹13,432.68 in Q1 FY27)
  • Profit after tax: ₹697.01 (vs ₹520.74 in Q1 FY27)
  • Basic EPS: ₹5.14 (vs ₹3.84 in Q1 FY27)

Standalone Financial Results (₹ in lakhs, except per share data)

Quarterly Performance (Q2 FY27):

  • Revenue from operations: ₹13,537.63
  • Profit after tax: ₹378.76
  • Basic EPS: ₹2.79
  • Diluted EPS: ₹2.79

Half-Yearly Performance (H1 FY27):

  • Revenue from operations: ₹24,991.00
  • Profit after tax: ₹745.29
  • Basic EPS: ₹5.49
  • Diluted EPS: ₹5.49

Segment Performance (Consolidated)

The company operates in two segments: Hydraulic Business and Foundry Business.

Q2 FY27 Segment Revenue:

  • Hydraulic Business: ₹14,068.27
  • Foundry Business: ₹3,129.25
  • Total segment revenue: ₹17,197.52
  • Less inter-segment revenue: ₹1,158.39
  • Net segment revenue: ₹16,039.13

Q2 FY27 Segment Results (Profit before tax and interest):

  • Hydraulic Business: ₹1,850.78
  • Foundry Business: ₹487.79
  • Total segment results: ₹2,338.57

Assets and Liabilities Position (Consolidated)

As at September 30, 2026:

  • Total assets: ₹71,978.55 lakhs (vs ₹63,522.52 lakhs as at March 31, 2026)
  • Non-current assets: ₹41,489.37 lakhs
  • Current assets: ₹30,489.18 lakhs
  • Total equity: ₹38,323.65 lakhs
  • Non-current liabilities: ₹5,316.31 lakhs
  • Current liabilities: ₹28,338.59 lakhs
  • Borrowings (current): ₹12,591.94 lakhs
  • Borrowings (non-current): ₹2,567.18 lakhs

Cash Flow Statement (Consolidated)

Six months ended September 30, 2026:

  • Net cash from operating activities: ₹396.41 lakhs
  • Net cash used in investing activities: ₹(5,580.35) lakhs
  • Net cash from financing activities: ₹3,903.19 lakhs
  • Net decrease in cash: ₹(1,280.75) lakhs
  • Cash and cash equivalents at end: ₹960.18 lakhs

Dividend Information

In the 50th Annual General Meeting held on September 10, 2026, members approved a dividend of ₹1.50 per equity share (15% of face value) for FY26. The record date was August 28, 2026. Total cash outflow for dividend payment during September 2026 was ₹203.76 lakhs.

Subsidiaries and Associates Included

Subsidiaries:

1. Coretec Engineering India Private Limited

2. Grotek Enterprises Private Limited

3. Kolben Hydraulics Limited

Associates:

1. Sai India Limited

2. AEPL Grotek Renewable Energy Private Limited (Associate of Grotek Enterprises Private Limited)

Auditor's Review

The financial results were reviewed by Walker Chandiok & Co LLP, Chartered Accountants. The review report notes that three subsidiaries with total assets of ₹14,938.22 lakhs were reviewed by other auditors, and two associates with net profit of ₹9.80 lakhs for the quarter were based on unreviewed financial results.

Accounting Treatment Update

The company reassessed classification of certain land and buildings leased to subsidiaries, reclassifying them as Investment Property instead of Property, Plant and Equipment, with net carrying value of ₹802.81 lakhs as at September 30, 2026.