Board approves September quarter results, appoints Company Secretary and Compliance Officer
Outcome of the board meeting held on November 02, 2026.
By ScoutQuest · · 2 min read
- Revenue from operations (Q2)
- Rs 50,101.15 lakhs vs Rs 43,393.74 lakhs a year ago
- Profit before tax (Q2)
- Rs 3,864.82 lakhs vs Rs 3,902.06 lakhs
- Net cash from operating activities (H1)
- Net cash used Rs 10,723.68 lakhs vs cash generated Rs 9,262.77 lakhs a year ago
Two matters were approved at the board meeting held on Monday, November 02, 2026: the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, and the appointment of Ms. Khushboo Mishra as Company Secretary and Compliance Officer. The statutory auditors have issued a limited review report on the results.
Results at a glance
- Revenue from operations for the quarter ended September 30, 2026 was Rs 50,101.15 lakhs, against Rs 43,393.74 lakhs in the same quarter a year earlier.
- Profit before tax for the quarter was Rs 3,864.82 lakhs, against Rs 3,902.06 lakhs in the same quarter a year earlier.
- Read together, revenue was higher year on year in the quarter while profit before tax was broadly similar.
Cash flow
- For the half year ended September 30, 2026, the company used net cash of Rs 10,723.68 lakhs in operating activities, against net cash generated of Rs 9,262.77 lakhs in the same half a year earlier.
- The cash flow statement links this to a build-up in trade receivables and inventories, only partly offset by higher trade and other payables.
Capital and IPO proceeds
- Total IPO money received was Rs 30,000 lakhs. Part of it has gone into repayment of term loans, capital expenditure at the Rajasthan (Ghiloth) and Andhra Pradesh (Mambatw) plants, and general corporate purposes, with the unutilised balance parked in fixed deposits with scheduled commercial banks.
- Part commercial production at the Mambatw expansion plant started on April 29, 2026, and the Ghiloth plant (Rajasthan) is expected to start during FY27.
- Shares outstanding as of September 30, 2026 were 10,06,31,006.
Management change
- Ms. Khushboo Mishra has been appointed Company Secretary and Compliance Officer of the company.
How a retail investor can read it
- The results are the main numbers in this update: revenue from operations was higher year on year in the quarter, with profit before tax at a similar level.
- The operating cash outflow for the half year and the working capital build-up sit alongside the reported profit and are worth following in later updates.
- The Company Secretary and Compliance Officer appointment is a board-level appointment that fills a key compliance position.
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More numbers
- Revenue from operations, quarter ended 30-09-202650,101.15
- Revenue from operations, quarter ended 30-09-202543,393.74
- Profit before tax, quarter ended 30-09-20263,864.82
- Profit before tax, quarter ended 30-09-20253,902.06
- Net cash used in operating activities, half year ended 30-09-202610,723.68
- Net cash generated from operating activities, half year ended 30-09-20259,262.77
- Shares outstanding as at 30-09-202610,06,31,006
- Total IPO money received30,000
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