Board approves September-quarter unaudited results, appoints Sumeet Narang as Additional Independent Director
Board meeting on October 14, 2026 approved unaudited financial results for the quarter and six months ended September 30, 2026.
By ScoutQuest · · 3 min read
- Revenue from operations (Q2)
- ₹4,548 crore
- Profit for the period (Q2)
- ₹164 crore
- Basic EPS (Q2)
- ₹40.62
What the board approved
The board of directors met on October 14, 2026 and approved the unaudited financial results (standalone and consolidated) for the quarter and six months ended September 30, 2026, together with the limited review reports issued by the statutory auditors. The results are unaudited and have been reviewed, not audited.
Quarter ended September 30, 2026 (standalone, ₹ in crores)
- Revenue from operations: 4,548
- Total income: 4,588
- Profit before exceptional items and tax: 232
- Profit before tax: 219
- Profit for the period: 164
- Basic earnings per share (face value ₹ 10 each): ₹ 40.62; diluted: ₹ 40.61
Six months ended September 30, 2026 (standalone, ₹ in crores)
- Revenue from operations: 8,711
- Total income: 8,773
- Profit before tax: 351
- Profit for the period: 262
- Basic earnings per share: ₹ 65.07; diluted: ₹ 65.06
Balance sheet as at September 30, 2026 (standalone, ₹ in crores)
- Total assets: 14,610, against 13,694 as at March 31, 2026
- Total equity: 5,137; net worth: 5,137
- Non-current borrowings: 1,479; current borrowings: 2,004
- Inventories: 2,245; trade receivables: 1,807
Debt-related disclosures
- During the quarter, the Company repaid listed unsecured non-convertible debentures (NCDs) amounting to ₹ 150 crores on due date, originally issued on private placement basis.
- Listed unsecured non-convertible debentures aggregating ₹ 250 crores are outstanding and not due for repayment as at September 30, 2026.
- Commercial paper of the Company, having face value of ₹ 850 crores, is outstanding and not due for repayment as at September 30, 2026.
Board change
- Mr. Sumeet Narang (DIN: 01874599) appointed, on the recommendation of the Nomination and Remuneration Committee, as an Additional Director in the capacity of Non-Executive, Independent Director for a consecutive period of 5 (five) years from October 14, 2026 to October 13, 2031 (both days inclusive), subject to approval of shareholders.
- Mr. Narang is the Founder and CEO of Samara Capital Group, an alternative asset manager which has invested USD 2 billion+ since its inception in 2007, with business in India and the US through Samara Capital India Private Equity and Samara Capital Global Technology Fund.
- He is an MBA from Harvard Business School and holds a Masters in Management from IIM Lucknow and a Bachelor of Engineering from IIT Roorkee. He is not related to any other director or key managerial personnel of the Company.
Other items in the update
- The amended Policy on Related Party Transactions will be available on the website of the Company.
- The trading window for dealing in the securities of the Company shall open post 48 hours after declaration of the financial results.
- The auditor's review report notes that the interim financial results of the CEAT Employees Welfare Trust, which has not been reviewed, reflect total assets of Rs. 51 Crores, total revenues of Rs. 0.38 Crores, total net profit after tax of Rs. 0.07 Crores, total comprehensive income of Rs. 0.07 Crores and net cash flows of Rs. 0.46 Crores for the periods considered, and states this financial information is not material to the Company.
How this reads
The update is a board-outcome disclosure covering the September-quarter results, a board appointment and a policy update. The results carry the auditors' limited review conclusion, which states that nothing came to their attention causing them to believe the statement contains any material misstatement.
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22 Oct 2026
Duplicate share certificates issued in lieu of originals across six folios
21 Oct 2026
Transcript of Q2 FY27 earnings call made available on the company website
19 Oct 2026
More numbers
- Revenue from operations, quarter ended September 30, 2026 (standalone)4,548
- Profit for the period, quarter ended September 30, 2026 (standalone)164
- Basic earnings per share, quarter ended September 30, 202640.62
- Revenue from operations, six months ended September 30, 2026 (standalone)8,711
- NCDs repaid on due date during the quarter₹ 150 crores
- Listed unsecured NCDs outstanding, not due for repayment₹ 250 crores
- Commercial paper outstanding, not due for repayment₹ 850 crores
- Term of appointment of Additional Director5 (five) years
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