Board approves September 2026 quarter and half-year results; auditor's limited review conclusion unmodified
Board approved unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026, plus the Internal Audit Report for the same period.
By ScoutQuest · · 2 min read
- Standalone Revenue from Operations (Quarter)
- 1,430.89 (₹ million) for the quarter
- Standalone Net Profit for the Period (Quarter)
- 264.91, against 107.49 a year earlier
- Consolidated Net Profit (Half Year)
- 516.42 for the half year
What the Board approved
- The unaudited financial results, standalone and consolidated, for the quarter and half year ended September 30, 2026.
- The Internal Audit Report for the quarter and half year ended September 30, 2026.
- The Board meeting was held on November 02, 2026.
Auditor's review
Kirtane & Pandit LLP, the statutory auditor, has issued a limited review report on the standalone results with an unmodified conclusion. In simple terms, the auditor states that nothing came to their attention that causes them to believe the statement has not disclosed what is required or contains a material misstatement. A limited review involves inquiries and analytical procedures and is narrower in scope than a full audit, so it is not an audit opinion.
Standalone numbers (₹ million)
- Revenue from operations was 1,430.89 for the quarter and 2,802.31 for the six months.
- Net profit for the period was 264.91 for the quarter, compared with 107.49 in the same quarter a year earlier.
The company operates in a single reportable business segment, "Auto Components and Parts".
Consolidated numbers (₹ million)
- Net profit for the period was 516.42 for the six months.
The consolidated results bring in Divgi Transmission Technologies and Systems Inc., which was incorporated on June 4, 2026, became a wholly owned subsidiary during the quarter and has been consolidated since.
Use of IPO money (₹ million)
- Net Initial Public Offer proceeds: 1,696.62.
- Utilised up to September 30, 2026: 1,279.55.
- Unutilised as at September 30, 2026: 417.07, temporarily parked in deposits with scheduled commercial banks and in the monitoring agency account.
The planned spending is split mainly between capital expenditure for equipment and machinery at the manufacturing facilities and general corporate purposes.
How a reader can use this
- The results give the quarter and half-year earnings picture, with the profit figure for the quarter shown next to the same quarter a year earlier so the movement can be seen directly.
- The auditor's unmodified review conclusion indicates the numbers were reviewed without a flagged concern in the report's conclusion.
- The IPO utilisation table shows how much of the money raised has been spent on the stated objects and how much is still unutilised and where it is parked.
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More numbers
- Revenue from operations, standalone, quarter ended 30-Sep-26 (₹ million)1,430.89
- Net profit for the period, standalone, quarter ended 30-Sep-26 (₹ million)264.91
- Net profit for the period, standalone, quarter ended 30-Sep-25 (₹ million)107.49
- Revenue from operations, standalone, six months ended 30-Sep-26 (₹ million)2,802.31
- Net profit for the period, consolidated, six months ended 30-Sep-26 (₹ million)516.42
- Net IPO proceeds, total (₹ million)1,696.62
- IPO proceeds utilised upto 30/09/2026 (₹ million)1,279.55
- IPO proceeds unutilised upto 30/09/2026 (₹ million)417.07
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