Board approves Q2/H1 FY27 results; NCLT approves merger of two wholly owned subsidiaries
Board approved unaudited results for Q2/H1 FY27 and noted NCLT Hyderabad approval (Oct 28, 2026) of the amalgamation of Gee Pee Aerospace and Magnatar Aero Systems into the company, effective April 1, 2025; prior periods restated.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 4,067.65 | 1,355.93 | +200% | 3,607.21 | +12.8% |
| Total income | 4,152.80 | 1,392.73 | +198% | 3,686.08 | +12.7% |
| Profit before tax | 802.79 | 56.75 | — | 674.02 | +19.1% |
| Profit after tax | 598.32 | 42.45 | — | 502.27 | +19.1% |
| Total comprehensive income | 598.32 | 42.45 | — | 502.27 | +19.1% |
| Basic EPS | 19.45 | 1.38 | — | 16.33 | +19.1% |
- Total income YoY growth
- +198%
- Period
- 30-Sep-26 (Unaudited)
Auditor's review
Conclusion: Unmodified
Notes to the results
- On October 28, 2026 NCLT Hyderabad approved amalgamation of wholly owned subsidiaries Gee Pee Aerospace and Defence and Magnatar Aero Systems with the Company w.e.f. April 01, 2025; past periods restated.
- Following the merger of both subsidiaries, no consolidated financial statement is required to be prepared by the Company.
- Exceptional item for year ended March 31, 2026: one-time provision increase of INR 37.67 million for employee benefits due to New Labour Codes.
What the board approved
The board, at its meeting on 29 October 2026, approved the unaudited financial results of the company for the quarter and half year ended 30.09.2026, together with the limited review reports on them. The results are standalone.
Amalgamation gets NCLT approval
Subsequent to the period end, on October 28, 2026, the National Company Law Tribunal (NCLT), Hyderabad Bench-II, approved a Scheme of Amalgamation of Gee Pee Aerospace and Defence Private Limited and Magnatar Aero Systems Private Limited, both wholly owned subsidiaries, with the company, with effect from April 01, 2025.
- The company has accounted for the merger under the "pooling of interests" method for common control transactions as per Appendix C to Ind AS 103 "Business Combinations".
- Figures for all past periods presented in these results have been restated, and the company states the impact of this restatement is not material.
- As both subsidiaries have merged into the company, it states that no consolidated financial statement is required to be prepared.
Auditor's review conclusion
S.R. Batliboi & Associates LLP carried out a review, not an audit, of the statement. Its conclusion is that nothing has come to its attention that causes it to believe the statement has not disclosed the information required, or that it contains any material misstatement. No qualification, emphasis of matter or going-concern doubt is stated.
Key numbers (standalone, amounts in INR millions)
- Revenue from operations: 4,067.65 for the quarter, against 1,355.93 in the same quarter a year earlier; 7,674.86 for the half year.
- Total income: 4,152.80 for the quarter.
- Net profit for the period: 598.32 for the quarter, against 42.45 a year earlier; 1,100.58 for the half year.
- Total assets: 23,281.90 as at 30-Sep-2026, against 17,434.25 as at 31-Mar-2026.
Points a reader may want to track
- The year-on-year base in these results is a restated figure, because the merger has been given effect from April 01, 2025 and prior periods were recast. So comparisons are against restated numbers.
- The company's business falls within a single line of business segment, and these are standalone results of the merged entity.
- The board meeting, which began at 3:00 p.m., concluded at 4:00 p.m.
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More numbers
- Revenue from operations, H1 FY27 (INR millions)7,674.86
- Net profit for the period, H1 FY27 (INR millions)1,100.58
- Total assets as at 30-Sep-2026 (INR millions)23,281.90
- Total income, latest quarter4,152.80 (INR millions)
- Total income, year-ago quarter1,392.73 (INR millions)
- Total income, previous quarter3,686.08 (INR millions)
- Total comprehensive income, latest quarter598.32 (INR millions)
- Total comprehensive income, year-ago quarter42.45 (INR millions)
- Total comprehensive income, previous quarter502.27 (INR millions)
- Profit after tax, latest quarter598.32 (INR millions)
- Profit after tax, year-ago quarter42.45 (INR millions)
- Profit after tax, previous quarter502.27 (INR millions)
- Revenue from operations, latest quarter4,067.65 (INR millions)
- Revenue from operations, year-ago quarter1,355.93 (INR millions)
- Revenue from operations, previous quarter3,607.21 (INR millions)
- Profit before tax, latest quarter802.79 (INR millions)
- Profit before tax, year-ago quarter56.75 (INR millions)
- Profit before tax, previous quarter674.02 (INR millions)
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