Modison506261Quarterly results

Board approves Sep 2026 results; declares interim dividend of Rs.4 per share (400%)

Board approved the unaudited standalone and consolidated financial results along with the limited review report for the quarter and half year ended September 30, 2026.

By ScoutQuest · Fri 16 Oct 2026, 2:13 PM IST · 3 min read

Consolidated · ₹ lakh · EPS in ₹
Line item	Latest	Year ago	YoY	Prev qtr	QoQ
Revenue from operations	27,902.59	14,516.21	+92.2%	27,046.67	+3.2%
Total income	28,244.50	14,539.13	+94.3%	27,310.09	+3.4%
Profit before tax	3,081.86	1,567.85	+96.6%	4,582.95	−32.8%
Profit after tax	2,328.89	1,165.98	+99.7%	3,384.48	−31.2%
Total comprehensive income	2,331.85	1,162.42	+101%	3,387.45	−31.2%
Basic EPS	7.18	3.59	+100%	10.43	−31.2%

Total Income YoY Change: +94.3% (vs 14,539.13 Lakhs year ago)
Profit After Tax (Latest): 2,328.89 Lakhs, +99.7% YoY, −31.2% QoQ
Period: 30-09-2026

Also decided at the meeting

Declared interim dividend for FY 2026-2027 of Rs.4/- per equity share (i.e. 400%) of face value Re. 1/- each.
Fixed October 23, 2026 as the Record Date for payment of the Interim Dividend.

Auditor's review

Conclusion: Unmodified

Notes to the results

Exceptional items of 360.27 lakhs in the quarter: profit on hedging of silver in stock 360.06 lakhs and mark to market of forward contracts 0.21 lakhs.
Company divested entire stake in subsidiary Modison HV Private Limited effective 21st September 2026, with no material impact on financials.
Fire on 7th February 2026: loss of Rs. 1,063.46 Lakhs in FY26 exceptional items; insurance claim Rs. 1801.95 Lakhs; further part payment Rs.180 Lakhs received this period, shown in other income.

Board decisions

The board of directors met on Friday, October 16, 2026. It approved the unaudited financial results (standalone and consolidated) along with the limited review report for the quarter and half year ended September 30, 2026. It also declared an interim dividend for the financial year 2026-2027 of Rs.4/- per equity share (i.e. 400%) on the fully paid-up equity shares of the face value of Re. 1/- per share. October 23, 2026 is the record date for payment of the interim dividend.

Auditor's review conclusion

The statutory auditor, M L Bhuwania and Co LLP, carried out a Limited Review of the standalone and consolidated results. The conclusion is that nothing has come to the auditor's attention that causes it to believe the statements contain any material misstatement. A limited review provides moderate assurance and is narrower in scope than an audit, so no audit opinion is expressed.

Standalone results (Rs in Lakhs)

Revenue from operations: 27,902.59 for the quarter ended 30-09-2026 and 54,949.26 for the half year
Total income: 28,247.04 for the quarter and 55,556.74 for the half year
Profit for the period: 2,332.31 for the quarter and 5,716.66 for the half year
Basic/Diluted EPS (not annualised): 7.19 for the quarter and 17.62 for the half year

Consolidated results (Rs in Lakhs)

Revenue from operations: 27,902.59 for the quarter and 54,949.26 for the half year
Profit for the period: 2,328.89 for the quarter and 5,713.37 for the half year
Basic/Diluted EPS (not annualised): 7.18 for the quarter and 17.61 for the half year

Exceptional items

Exceptional items were 360.27 for the quarter ended 30-09-2026 and 332.57 for the half year (Rs in Lakhs). The note explains these represent profit/loss on hedging of silver in stock, mark to market of forward contracts and loss due to fire.

Fire at the factory and insurance claim

There was a fire incident at the factory on 7th February 2026 in which items of property plant and equipment (PPE) and inventory were lost. The written down value of PPE Rs.153.58 Lakhs, cost of inventory Rs.867.46 Lakhs and GST Rs.42.42 Lakhs for inventories, totalling Rs.1,063.46 Lakhs, were charged off under the head 'Exceptional Items' during the year ended 31st March 2026. The company lodged a claim with the insurance company of Rs.1,801.95 Lakhs. Against this, a first part payment of Rs.170.00 Lakhs was received during the year ended 31st March 2026 and a further part payment of Rs.180 Lakhs was received during the period. The balance claim towards loss of inventory, PPE and GST for inventory is in process with the insurer.

Subsidiaries

The company divested its entire stake in its wholly owned subsidiary Modison Hitech Private Limited, effective June 9, 2025 in the previous year, and in Modison HV Private Limited, effective from 21st September 2026 during the period, having no material impact on the financials. The consolidated statement includes the results of the subsidiary Modison HV Private Limited till 21st September 2026.

Balance sheet and cash flow snapshot (standalone, Rs in Lakhs)

Total assets: 60,236.79 as at 30.09.2026 against 50,274.86 as at 31.03.2026
Current borrowings: 22,122.96 as at 30.09.2026 against 17,246.70 as at 31.03.2026
Net cash used in operating activities: (2,718.62) for the half year ended 30th September 2026

5,713.37 LakhsConsolidated Profit for the period (half year ended 30-09

Profit after tax, quarter3,384.48 (₹ in Lakhs)

Profit after tax, latest quarter2,328.89 (₹ in Lakhs)

Consolidated Profit for the period (half year ended 30-09 5,713.37 Lakhs: Profit after tax, quarter 3,384.48 (₹ in Lakhs), Profit after tax, latest quarter 2,328.89 (₹ in Lakhs).

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