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Board approves new Machine Tool Division - Unit III in Coimbatore; also clears Q2 and H1 results

Board approved setting up a new unit, "Machine Tool Division - Unit III", on company-owned land at Sangothipalayam, Arasur Village, Sulur Taluk, Coimbatore District, for manufacturing and assembly as part of its capacity expansion plan.

By ScoutQuest · Wed 21 Oct 2026, 2:40 PM IST · 2 min read

Q2 Revenue

Rs. 1,127.52 crore

Q2 Net Profit

Rs. 87.21 crore

H1 Revenue

Rs. 1,980.82 crore

What the board approved

The board met on 21 October 2026 and approved, among other items, a capacity addition and the unaudited financial results for the quarter and half year ended 30 September 2026. Both were intimated to the exchanges under Regulation 30.

Capacity addition

• The board approved the proposal for setting up a new unit under the name and style "Machine Tool Division - Unit III".
• It will come up on land owned by the company at SF Nos. 131/1, 131/2, 131/3, 131/4 and 131/5, Sangothipalayam, Arasur Village, Sulur Taluk, Coimbatore District.
• The unit is for the company's manufacturing and assembly operations, as part of its production capacity expansion plan.
• This is a board approval of the proposal to set up the unit; the intimation sets out the location, name and purpose of the unit.

Quarterly numbers (standalone, unaudited)

• Revenue from operations for the quarter was Rs. 1,127.52 crore, against Rs. 853.30 crore in the immediately preceding quarter and Rs. 776.03 crore in the same quarter a year earlier.
• Profit before tax was Rs. 118.52 crore; net profit after tax was Rs. 87.21 crore, against Rs. 66.01 crore in the preceding quarter and Rs. 45.14 crore a year earlier.
• Total expenses for the quarter were Rs. 1,034.75 crore, of which cost of material consumed was Rs. 730.38 crore.
• For the half year ended 30 September 2026, revenue from operations was Rs. 1,980.82 crore and net profit Rs. 153.22 crore.
• Earnings per share (face value Rs. 10 each) was Rs. 81.63 basic and diluted for the quarter, and Rs. 143.42 for the half year.
• The statutory auditors issued a limited review report on the standalone results which is not modified.

Board change

• Sri Arun Alagappan (DIN: 00291361) retires as a Non-Executive Independent Director on completion of his second term of five consecutive years, with effect from the close of business hours on 25 October 2026.

How to read this

• A new manufacturing and assembly unit is a step that adds physical capacity to the machine tool business; the intimation covers the location and purpose of the unit and the board's approval of the proposal.
• The results show the quarter's revenue and profit alongside the preceding quarter and the same quarter last year, so the reader can compare the three periods directly.
• The director's exit is a scheduled end of a second term, and the update notes the effective date.
• The company also placed the unaudited results before the board with a CEO and CFO certificate of correctness, and arranged publication of the results in Business Line (English) and Hindu-Tamil (Tamil) on 22 October 2026.

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