Board approves Q2 and H1 results; auditor review conclusion unmodified
The Board of Directors met on November 06, 2026, from 4:30 P.M. to 5:00 P.M. (IST) and approved the unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 15,521.09 | 17,462.22 | −11.1% | 12,035.27 | +29% |
| Total income | 15,817.01 | 17,617.06 | −10.2% | 12,179.89 | +29.9% |
| Profit before tax | 887.86 | 2,827.59 | −68.6% | 87.60 | +914% |
| Profit after tax | 769.96 | 2,127.53 | −63.8% | (26.87) | — |
| Total comprehensive income | 769.96 | 2,127.53 | −63.8% | (26.87) | — |
| Basic EPS | 3.70 | 10.23 | −63.8% | (0.13) | — |
- Total income YoY change
- Year ago 17,617.06 (−10.2%)
- Profit after tax (latest)
- 769.96 lakhs; Year ago 2,127.53 (−63.8%)
- Period
- 30/09/2026
Auditor's review
Conclusion: Unmodified
- We have not reviewed the interim financial results of the subsidiaries; these were reviewed by the management and our conclusion on amounts pertaining to them is based solely on the results provided to us; our conclusion is not modified…
Notes to the results
- Note 3: Certain year end provisions such as Deferred Tax, Provision of Actuarial Valuation of Employees benefits etc. has not been considered above.
What was decided at the meeting
The Board of Directors met on November 06, 2026, from 4:30 P.M. to 5:00 P.M. (IST). It considered and approved the unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026, along with the Limited Review Report. The results were reviewed by the Audit Committee and approved by the Board. Figures below are in Rs. in lakhs, as printed.
Standalone results, quarter ended 30/09/2026 vs 30/09/2025
- Revenue from operations: 14,613.97 vs 15,045.81
- Total income: 14,753.88 vs 15,172.23
- Profit before tax: 518.31 vs 1,982.26
- Net profit after tax: 481.45 vs 1,481.68
- Earnings per share, face value Rs. 5/- each: 2.31 vs 7.12
Standalone results, half year ended 30/09/2026 vs 30/09/2025
- Revenue from operations: 25,365.74 vs 24,341.18
- Net profit after tax: 109.62 vs 1,979.65
- Earnings per share: 0.53 vs 9.52
The immediately preceding quarter ended 30/06/2026 showed a standalone loss of 371.83. So the September quarter moved back into profit on a sequential basis, while staying well below the same quarter a year earlier.
Consolidated results
Quarter ended 30/09/2026 vs 30/09/2025
- Revenue from operations: 15,521.09 vs 17,462.22
- Total income: 15,817.01 vs 17,617.06
- Profit before tax: 887.86 vs 2,827.59
- Net profit after tax: 769.96 vs 2,127.53
- Earnings per share: 3.70 vs 10.23
Half year ended 30/09/2026 vs 30/09/2025
- Revenue from operations: 27,556.37 vs 28,215.27
- Net profit after tax: 743.10 vs 2,867.45
- Earnings per share: 3.57 vs 13.79
What the auditors said
B. Chhawchharia & Co., Chartered Accountants, reviewed the statements under the Standard on Review Engagement (SRE) 2410. Their conclusion is unmodified: nothing has come to their attention that causes them to believe the statements contain any material misstatement or miss disclosures required under Regulation 33. A review gives moderate assurance, not audit-level assurance. For the consolidated statement they noted that the interim results of the four subsidiaries — Bajaj Coneagle LLC, Bajaj Steel Industries (U) Ltd., Bajaj Services Ltda and Bajaj Continental Ltda — were reviewed by the management, and their conclusion is not modified on that account.
Balance sheet and cash (standalone)
- Total assets: 70,525.63 as at 30-09-2026 vs 65,434.91 as at 31-03-2026
- Total equity: 39,179.62 vs 39,278.01
- Net cash from operating activities, half year: 572.59 vs 4,965.38
- Cash and cash equivalents at end of the period: 8,643.48 vs 8,944.63
How a retail investor can read this
- Revenue is broadly in line year on year, while profit is sharply lower than a year ago on both standalone and consolidated bases.
- The company reported one reportable segment, Multiple Engineering Products, so there is a single business line to track.
- Earnings per share shown here is not annualised and is on a face value of Rs. 5/- per share.
Also from Bajaj Steel Industries
Bajaj Steel Q2 FY27: revenue falls 11% YoY to Rs 155.2 Cr, management expects progressive margin recovery
6 Nov 2026
Board meeting on November 06, 2026 to approve September quarter results
31 Oct 2026
More numbers
- Standalone Revenue from operations, Q2 (30/09/2026)14,613.97 lakh
- Standalone Net profit after tax, Q2 (30/09/2026)481.45 lakh
- Standalone Net profit after tax, Q2 (30/09/2025)1,481.68 lakh
- Standalone Revenue from operations, half year (30/09/2026)25,365.74 lakh
- Standalone Net profit after tax, half year (30/09/2026)109.62 lakh
- Consolidated Net profit after tax, half year (30/09/2026)743.10 lakh
- Total income, latest quarter15,817.01 (Rs in lacs)
- Total income, year-ago quarter17,617.06 (Rs in lacs)
- Total income, previous quarter12,179.89 (Rs in lacs)
- Total comprehensive income, latest quarter769.96 (Rs in lacs)
- Total comprehensive income, year-ago quarter2,127.53 (Rs in lacs)
- Total comprehensive income, previous quarter(26.87) (Rs in lacs)
- Profit after tax, latest quarter769.96 (Rs in lacs)
- Profit after tax, year-ago quarter2,127.53 (Rs in lacs)
- Profit after tax, previous quarter(26.87) (Rs in lacs)
- Revenue from operations, latest quarter15,521.09 (Rs in lacs)
- Revenue from operations, year-ago quarter17,462.22 (Rs in lacs)
- Revenue from operations, previous quarter12,035.27 (Rs in lacs)
- Profit before tax, latest quarter887.86 (Rs in lacs)
- Profit before tax, year-ago quarter2,827.59 (Rs in lacs)
- Profit before tax, previous quarter87.60 (Rs in lacs)
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