Board approves proposal to incorporate a subsidiary in India; also approves Q1 FY27 financial results

Board approved the proposal to incorporate a Subsidiary Company in India, and approved the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026, along with the limited review report.

Mon 5 Oct 2026

Standalone Revenue from Operations

₹ 7,780.17 millions

Standalone Profit After Tax

₹ 610.87 millions

Standalone EPS

₹ 2.25

Consolidated Revenue from Operations

₹ 8,025.90 millions

Consolidated Profit After Tax

₹ 657.61 millions

What the Board approved

The Board of Directors met on Monday, October 05, 2026, from 04:00 P.M. to 05:30 P.M. (IST). Among the matters considered and approved were:

• The proposal to incorporate a Subsidiary Company in India.
• The Un-audited Standalone and Consolidated financial results along with the Limited Review Report for the quarter ended 30th June, 2026.

The financial results for the quarter ended June 30, 2026 are drawn up for the first time in accordance with Regulation 33 following the Initial Public Offer. The figures for the quarter ended June 30, 2026 and June 30, 2025 were subject to limited review by the statutory auditors.

Quarter ended June 30, 2026: Standalone

All amounts are in ₹ Millions.

• Revenue from Operations: ₹ 7,780.17 millions
• Total Income: ₹ 7,870.77 millions
• Profit After Tax: ₹ 610.87 millions
• Basic and Diluted Earnings per Share: ₹ 2.25 (quarter figures not annualised)

Quarter ended June 30, 2026: Consolidated

• Revenue from Operations: ₹ 8,025.90 millions
• Total Income: ₹ 8,104.07 millions
• Profit After Tax: ₹ 657.61 millions
• Basic and Diluted Earnings per Share: ₹ 2.34 (quarter figures not annualised)

Group structure

The consolidated results include four subsidiaries, six associates and nine joint operations. Their interim financial results and other financial information, furnished by the management, include total revenues of Rs. 245.73 million for the quarter ended June 30, 2026.

Initial Public Offer completed after the quarter

Subsequent to the quarter ended June 30, 2026, the company completed its Initial Public Offer of 2,92,56,232 equity shares of face value Rs. 5 each. The issue comprised 1,76,71,232 shares offered as fresh issue and 1,15,85,000 shares offered as offer for sale, aggregating to Rs. 4,271.41 millions. Pursuant to the IPO, the equity shares were listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on September 17, 2026.

What to note

• The Board approval covers a proposal to incorporate a new subsidiary company in India.
• Two sets of numbers were approved for the same quarter: standalone (the company alone) and consolidated (the company along with its subsidiaries, associates and joint operations).

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