Board approves unaudited Q2 and H1 results; auditor's limited review conclusion unmodified
Board meeting on 5th November 2026 approved the unaudited financial results for the quarter and half year ended 30th September 2026, and the Statutory Auditors' Limited Review Report on them.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 3,137.64 | 1,581.84 | +98.4% | 8,204.09 | −61.8% |
| Total income | 3,151.87 | 1,591.44 | +98.1% | 8,205.61 | −61.6% |
| Profit before tax | 282.42 | 136.62 | +107% | 1,042.73 | −72.9% |
| Profit after tax | 221.34 | 124.97 | +77.1% | 816.79 | −72.9% |
| Total comprehensive income | 223.01 | 124.49 | +79.1% | 818.30 | −72.7% |
| Basic EPS | 4.12 | 2.33 | +76.8% | 15.21 | −72.9% |
- Total income YoY change
- +98.1% (year ago 1,591.44)
- Profit after tax YoY change
- 221.34 latest, +77.1% (year ago 124.97); prev qtr 816.79 (−72.9%)
- Period
- 30/09/2026 (Unaudited)
Auditor's review
Conclusion: Unmodified
Notes to the results
- Current tax provided only on balance taxable income after set-off of eligible brought forward business losses and unabsorbed depreciation under the Income-tax Act, 1961.
Board meeting outcome
The Board met on 5th November 2026 and approved the unaudited financial results for the quarter and half year ended 30th September 2026, together with the Statutory Auditors' Limited Review Report on them. The company operates in one reportable segment, tungsten carbide products.
Auditor's conclusion
- S M R P & Associates carried out a limited review under Standard on Review Engagements 2410.
- Nothing came to their attention that causes them to believe the statement is materially misstated or misses a required disclosure. In simple words, an unmodified conclusion.
- A limited review gives moderate assurance, not the full assurance of an audit.
Headline numbers (₹ in lakh)
- Revenue from operations: 3,137.64 for the quarter and 11,341.72 for the half year, both higher than the same periods a year earlier.
- Profit after tax: 221.34 for the quarter and 1,038.13 for the half year, against a loss in the same half of the previous year.
- Earnings per equity share (Basic): 19.33 for the half year; face value of the share is Rs. 10/-.
A note on tax
The company has reported taxable profits and has set off eligible brought forward business losses, so current tax was provided only on the balance taxable income left after that set-off.
Balance sheet checkpoints as at 30th September 2026
- Inventories stood at 7,419.09, a large step up from the position at the start of the financial year.
- Current borrowings stood at 922.99, where there were none at the start of the financial year.
Cash flow for the half year
- Net cash used in operating activities was 1,172.46, even though the half year showed a profit, because funds went into working capital, mainly inventory.
- Borrowings taken during the half year were the main source of cash.
How to read it
Profitability improved over the year-earlier period and the auditor's conclusion is clean. The build-up in inventory and the fresh borrowing are the two things worth tracking in coming quarters, since operations consumed cash during the half year.
Also from Rapicut Carbides
Board meeting on 5 November 2026 to consider unaudited results for the September quarter
27 Oct 2026
More numbers
- Revenue from operations – half year ended 30/09/202611,341.72
- Profit after tax – half year ended 30/09/20261,038.13
- Earnings per equity share (Basic) – half year19.33
- Inventories as at 30th September 20267,419.09
- Current borrowings as at 30th September 2026922.99
- Net cash used in operating activities – half year(1,172.46)
- Total income, latest quarter3,151.87 (₹ in Lakhs)
- Total income, year-ago quarter1,591.44 (₹ in Lakhs)
- Total income, previous quarter8,205.61 (₹ in Lakhs)
- Total comprehensive income, latest quarter223.01 (₹ in Lakhs)
- Total comprehensive income, year-ago quarter124.49 (₹ in Lakhs)
- Total comprehensive income, previous quarter818.30 (₹ in Lakhs)
- Profit after tax, latest quarter221.34 (₹ in Lakhs)
- Profit after tax, year-ago quarter124.97 (₹ in Lakhs)
- Profit after tax, previous quarter816.79 (₹ in Lakhs)
- Revenue from operations, latest quarter3,137.64 (₹ in Lakhs)
- Revenue from operations, year-ago quarter1,581.84 (₹ in Lakhs)
- Revenue from operations, previous quarter8,204.09 (₹ in Lakhs)
- Profit before tax, latest quarter282.42 (₹ in Lakhs)
- Profit before tax, year-ago quarter136.62 (₹ in Lakhs)
- Profit before tax, previous quarter1,042.73 (₹ in Lakhs)
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