Financial Analyst Summary: Shankara Building Products Limited Regulatory Response
Company's Response to Regulatory Query
Shankara Building Products Limited submitted a formal response to the National Stock Exchange of India Limited on September 11, 2026, addressing deficiencies observed in their financial results submission dated August 5, 2026. The exchange had identified two specific issues:
- Segment details not submitted
- Limited Review Report/Independent Auditor's Report not in prescribed SEBI format with UDIN not mentioned correctly
Clarification on Trading Volume and Financial Results
Segment Reporting Clarification:
The company explained that segment information was not presented due to the demerger of its trading business to Shankara Buildpro Ltd. This disclosure appears as Note No. 8 to the Q2 Review Results for FY 2025-26 and Note No. 43 in the Consolidated Audited Financial Statements for the year ended March 31, 2026. The company stated: "Due to demerger of its trading business to the resulting company Shankara Buildpro Ltd, there is no trading business in Shankara Building Products Limited. Hence, the segment information is not presented."
Limited Review Report and UDIN Correction:
The company acknowledged the exchange's observation regarding the Limited Review Report format and UDIN. They resubmitted the financial results with the relevant Limited Review Report/Independent Auditor's Report with the UDIN appropriately mentioned.
Financial Results Details
Consolidated Financial Results (Rs. In Crores) for Quarter Ended June 30, 2026:
- Revenue From Operations: 350.35
- Other Income: 3.13
- Total Income: 353.48
- Total Expenses: 351.51
- Profit Before Tax: 1.97
- Tax Expense: 0.43
- Profit for the Period: 1.54
- Total Comprehensive Income: 1.55
- Basic EPS: Rs. 0.64
- Diluted EPS: Rs. 0.64
Standalone Financial Results (Rs. In Crores) for Quarter Ended June 30, 2026:
- Revenue from operations: 10.72
- Other Income: 3.08
- Total Income: 13.80
- Total Expenses: 12.89
- Profit Before Tax: 0.91
- Tax Expense: 0.29
- Profit for the Period: 0.62
- Total Comprehensive Income: 0.63
- Basic EPS: Rs. 0.26
- Diluted EPS: Rs. 0.26
Important Notes on Financial Results:
- The results for quarter ended June 30, 2026 were approved by the Board on August 5, 2026
- Due to transitional arrangements, the company executed sales and purchase transactions (~10.72 crores) on behalf of Shankara Buildpro Limited during the quarter, recorded at cost with no profit/loss recognition
- Previous period figures have been restated due to the demerger and are not comparable with previously published results
- The consolidated results include subsidiaries: Vishal Precision Steel Tubes and Strips Private Limited, Taurus Value Steel & Pipes Private Limited, and Centurywells Roofing India Private Limited
Topic Tags: Regulatory Response, Financial Results Clarification, Compliance, Demerger Impact, Segment Reporting