Board approves Q2 and H1 results; auditor's review conclusion unmodified
Board approved unaudited consolidated and standalone results for the quarter and half year ended 30 September 2026, and took the auditors' limited review reports on record.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 31,913.58 | 15,206.82 | +110% | 25,231.70 | +26.5% |
| Total income | 32,662.21 | 15,446.09 | +111% | 25,509.46 | +28% |
| Profit before tax | 4,585.74 | 2,694.38 | +70.2% | 4,233.08 | +8.3% |
| Profit after tax | 3,611.12 | 1,802.12 | +100% | 3,289.56 | +9.8% |
| Total comprehensive income | 3,615.36 | 1,805.13 | +100% | 3,274.89 | +10.4% |
| Basic EPS | 5.52 | 2.90 | +90.3% | 5.20 | +6.2% |
- Total income
- Latest 32,662.21; Year ago 15,446.09 (+111%); Prev qtr 25,509.46 (+28%)
- Profit after tax
- Latest 3,611.12; Year ago 1,802.12 (+100%); Prev qtr 3,289.56 (+9.8%)
- Period
- 30th Sep,'26 Unaudited
Auditor's review
Conclusion: Unmodified
Notes to the results
- IPO proceeds net of issue expense ₹ 31,111.66 Lakhs fully utilised, incl. ₹ 23,575.66 lakhs invested in subsidiary KRN HVAC Products Private Limited for the proposed project.
- QIP completed in quarter ended 30th June 2026: 33,01,886 equity shares allotted at ₹ 1,060.00 per share, aggregating ₹ 34,999.99 lakhs; net proceeds ₹ 34,179.48 Lakhs fully utilised.
- Of ₹ 23,525.75 Lakhs invested in KRN HVAC for working capital, ₹ 13,425.75 Lakhs utilised and ₹ 10,100.00 Lakhs unutilised and parked in FDs.
What the board approved
The board of directors met on 29 October 2026 and approved the unaudited financial results — both consolidated and standalone — for the quarter and half year ended 30 September 2026. The statutory auditors' limited review reports were taken on record at the same meeting.
Auditor's review conclusion
Keyur Shah & Co., Chartered Accountants, carried out a limited review of the consolidated results. A review is narrower than a full audit: it relies mainly on inquiries with management and analytical procedures, and the auditors state that they do not express an audit opinion. The conclusion is unmodified — nothing came to the auditors' attention that caused them to believe the statement had failed to disclose information required under the listing regulations, or that it contained any material misstatement. The consolidated statement includes the subsidiaries KRN HVAC Products Private Limited and Thermotech Research Laboratory Private Limited. Their interim results were reviewed by their own independent auditors, and the conclusion is not modified in respect of those entities.
Consolidated quarter (ended 30 September 2026)
- Revenue from operations: Rs. 31,913.58 lakh, against Rs. 15,206.82 lakh in the same quarter a year earlier.
- Profit for the period: Rs. 3,611.12 lakh, against Rs. 2,694.38 lakh a year earlier.
- Earnings per equity share (basic/diluted, not annualised): 5.52.
Consolidated half year (ended 30 September 2026)
- Revenue from operations: Rs. 57,145.28 lakh.
- Profit for the period: Rs. 6,900.67 lakh.
- Earnings per equity share (basic/diluted, not annualised): 10.72.
Other points carried in the notes
- The company reported no investor complaints pending at the beginning of the period, received during it, disposed of, or unresolved at the end.
- The notes set out a qualified institutions placement of equity shares completed in the June 2026 quarter, and the utilisation of IPO proceeds, with a planned-versus-actual break-up.
What this announcement is
A results update — the period's revenue, profit and per-share earnings, together with the auditors' review conclusion. The figures above are consolidated; the same results are also presented on a standalone basis.
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More numbers
- Revenue from operations, H1 FY27 consolidated (Rs. in lakh)57,145.28
- Profit for the period, H1 FY27 consolidated (Rs. in lakh)6,900.67
- Earnings per equity share, basic/diluted, H1 FY2710.72
- Total income, latest quarter32,662.21 (₹ in Lakhs)
- Total income, year-ago quarter15,446.09 (₹ in Lakhs)
- Total income, previous quarter25,509.46 (₹ in Lakhs)
- Total comprehensive income, latest quarter3,615.36 (₹ in Lakhs)
- Total comprehensive income, year-ago quarter1,805.13 (₹ in Lakhs)
- Total comprehensive income, previous quarter3,274.89 (₹ in Lakhs)
- Profit after tax, latest quarter3,611.12 (₹ in Lakhs)
- Profit after tax, year-ago quarter1,802.12 (₹ in Lakhs)
- Profit after tax, previous quarter3,289.56 (₹ in Lakhs)
- Revenue from operations, latest quarter31,913.58 (₹ in Lakhs)
- Revenue from operations, year-ago quarter15,206.82 (₹ in Lakhs)
- Revenue from operations, previous quarter25,231.70 (₹ in Lakhs)
- Profit before tax, latest quarter4,585.74 (₹ in Lakhs)
- Profit before tax, year-ago quarter2,694.38 (₹ in Lakhs)
- Profit before tax, previous quarter4,233.08 (₹ in Lakhs)
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