Board approves Q2 and H1 results; auditor's limited review finds no material misstatement
Board approved the unaudited results for the quarter and half year ended 30 September 2026, along with the Statement of Assets and Liabilities and Cash Flow Statement for the half year.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 5,809.74 | 4,801.38 | +21% | 5,719.51 | +1.6% |
| Total income | 5,861.96 | 5,122.02 | +14.4% | 6,756.63 | −13.2% |
| Profit before tax | 2,655.36 | 2,332.85 | +13.8% | 3,612.08 | −26.5% |
| Profit after tax | 1,989.55 | 1,769.10 | +12.5% | 2,793.67 | −28.8% |
| Total comprehensive income | 1,991.42 | 1,771.15 | +12.4% | 2,795.55 | −28.8% |
| Basic EPS | 16.48 | 14.56 | +13.2% | 22.99 | −28.3% |
- Profit after tax YoY change
- +12.5%
- Period
- 30/09/2026 (UNAUDITED)
Auditor's review
Conclusion: Unmodified
Notes to the results
- Buyback of up to 8,68,100 equity shares at ₹ 900 per share for up to ₹ 7812.90 Lakhs completed; extinguishment done Sept. 15, 2026.
- Consequent to the Buy-Back, Equity Share Capital and Other Equity reduced by Rs. 43.40 Lakhs and Rs. 7769.50 Lakhs respectively.
- EPS for the quarter ended September 30, 2026 computed on weighted average share capital after Buyback.
- Other Income for half year ended 30 Sep 2026 and 2025 includes fair value of investment of Rs. 657.81 Lakhs and Rs. 898.88 Lakhs respectively.
Board meeting outcome
The board of Gandhi Special Tubes met on Tuesday, 3 November 2026 and approved the unaudited financial results for the quarter and half year ended 30 September 2026, together with the limited review report on them. The board also approved the Statement of Assets and Liabilities and the Cash Flow Statement for the half year ended on that date. The meeting ran from 3.30 pm to 4.30 pm (IST). The results are to be published in the newspapers and made available on the company's website.
Results at a glance (figures as printed, in lakh)
- Revenue from Operations: 5,809.74 for the quarter, against 4,801.38 a year earlier; 11,529.25 for the half year, against 9,611.98
- Total Income: 5,861.96 against 5,122.02 for the quarter; 12,618.59 against 10,739.65 for the half year
- Profit before tax: 2,655.36 against 2,332.85 for the quarter; 6,267.44 against 5,129.33 for the half year
- Profit for the period: 1,989.55 against 1,769.10 for the quarter; 4,783.22 against 3,929.98 for the half year
- Earnings Per Share of Rs. 5 each, basic & diluted: 16.48 against 14.56 for the quarter; 39.61 against 32.34 for the half year
The comparative numbers shown are the figures printed for the quarter and half year ended 30 September 2025.
Balance sheet highlights (in lakh)
- Total assets 29,638.86 as at 30 September 2026, against 34,005.37 as at 31 March 2026
- Total equity 26,638.09 against 31,594.77
- Paid-up equity share capital 564.19 against 607.60
Cash flow for the half year (in lakh)
- Net cash flow from operating activities: 6,057.59, against 2,583.33 a year earlier
- Net cash from investing activities: 3,565.37, against net cash used of 854.29
- Net cash used in financing activities: 9,755.31, against 1,836.49; this includes buyback of equity shares (including related expenses) of 7,920.85 and dividend paid on equity shares of 1,822.80
- Closing balance of cash and cash equivalents and other bank balances: 531.01
Auditor's limited review
S. V. Doshi & Co., Chartered Accountants, carried out a review under Standard on Review Engagements 2410. Such a review gives moderate assurance and is not an audit; the report states that they do not express an audit opinion. Their conclusion is that nothing has come to their attention that causes them to believe the statement has not disclosed the information required under Regulation 33 of the Listing Regulations or that it contains any material misstatement. The conclusion is an unmodified one.
What retail investors may take away
- This is the company's periodic results disclosure, and the printed line items above let you compare the September 2026 quarter and half year with the same periods a year earlier.
- The results are unaudited but carry a limited review conclusion from the statutory auditors.
- The half-year cash flow shows a large financing outflow, mainly the buyback of equity shares and the dividend paid, alongside a lower share capital and equity base compared with 31 March 2026.
- Revenue from Operations and Profit for the period for both the quarter and the half year are higher than the corresponding prior-year figures as printed.
Also from Gandhi Special Tubes
Board meeting on 3 November 2026 to consider unaudited Q2 and half-year results
26 Oct 2026
More numbers
- Total Income, half year ended 30/09/2026 (in ₹ lakh)12,618.59
- Profit for the period, half year ended 30/09/2026 (in ₹ lakh)4,783.22
- Paid-up equity share capital as at 30/09/2026 (in ₹ lakh)564.19
- Buyback of Equity Share (including related expenses), half year (in ₹ lakh)7,920.85
- Dividend paid on Equity Shares, half year (in ₹ lakh)1,822.80
- Total income, latest quarter5,861.96 (₹ In Lakhs)
- Total income, year-ago quarter5,122.02 (₹ In Lakhs)
- Total income, previous quarter6,756.63 (₹ In Lakhs)
- Total comprehensive income, latest quarter1,991.42 (₹ In Lakhs)
- Total comprehensive income, year-ago quarter1,771.15 (₹ In Lakhs)
- Total comprehensive income, previous quarter2,795.55 (₹ In Lakhs)
- Profit after tax, latest quarter1,989.55 (₹ In Lakhs)
- Profit after tax, year-ago quarter1,769.10 (₹ In Lakhs)
- Profit after tax, previous quarter2,793.67 (₹ In Lakhs)
- Revenue from operations, latest quarter5,809.74 (₹ In Lakhs)
- Revenue from operations, year-ago quarter4,801.38 (₹ In Lakhs)
- Revenue from operations, previous quarter5,719.51 (₹ In Lakhs)
- Profit before tax, latest quarter2,655.36 (₹ In Lakhs)
- Profit before tax, year-ago quarter2,332.85 (₹ In Lakhs)
- Profit before tax, previous quarter3,612.08 (₹ In Lakhs)
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.