RIRemsons Industries530919Update

Board approves Q2 and H1 results; auditor finds no material misstatement

Auditor's review: Kanu Doshi Associates LLP said nothing came to its attention suggesting the results are materially misstated.

By ScoutQuest · Sat 7 Nov 2026, 12:55 PM IST · 4 min read

Period

30th Sept 2026 (Unaudited)

What was approved

• The Board of Directors, at its meeting on Saturday, 7th November, 2026, considered and approved the Un-Audited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September, 2026, prepared as per Indian Accounting Standards (Ind AS).
• The statement of assets and liabilities as on that date and the cash flow statement for the half year were also part of the update.
• The meeting commenced at 11.30 A.M. and concluded at 12.45 P.M.
• The company describes its business as a single primary segment only, i.e. Automotive Components parts.

Auditor's review conclusion

• Kanu Doshi Associates LLP, Chartered Accountants, issued Limited Review Reports on the standalone and consolidated results.
• Their conclusion: based on the review, nothing has come to their attention that causes them to believe that the statement of unaudited financial results has not disclosed the information required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, or that it contains any material misstatement.
• The figures are unaudited and have been reviewed, not audited.

Standalone performance (Rs in Lakhs)

• Revenue from operations: 10,557.05 for the quarter ended 30th Sept 2026, against 8,187.59 in the quarter ended 30th Sept 2025. For the half year: 19,305.60 against 14,814.57.
• Total Income: 10,680.25 for the quarter against 8,265.20; 19,506.39 for the half year against 15,040.85.
• Profit before exceptional items and tax: 678.46 for the quarter against 371.69.
• Net Profit for the period: 485.72 for the quarter against 276.05; 770.11 for the half year against 478.21.
• Basic and diluted earnings per share: 1.39 for the quarter against 0.79; 2.21 for the half year against 1.37.

Consolidated performance (Rs in Lakhs)

• Revenue from operations: 13,546.92 for the quarter against 11,558.50 a year earlier; 25,518.97 for the half year against 21,521.56.
• Net Profit for the period: 474.03 for the quarter against 406.26; 761.67 for the half year against 770.15.
• Basic and diluted earnings per share: 1.36 for the quarter against 1.16; 2.18 for the half year against 2.21.

Operations and one-off items

• During the quarter, operations at certain manufacturing facilities of the group at Daman and Pardi, Gujarat, were temporarily disrupted due to heavy rainfall, flooding and severe waterlogging.
• The group has taken steps for restoration of operations and has initiated the insurance claim process for the losses and damages incurred; assessment and settlement of the claim for Pardi is in progress.
• The claim amount of the Daman plant was settled and the difference amount of Rs.7.35 Lacs was reported as exceptional items in the quarter. The standalone results show exceptional items of (7.35) for the quarter and half year.

Other corporate updates recorded in the notes

• The Board at its meeting held on 1st October, 2026 approved the sale of the company's investment and exit from the joint venture arrangement in Aircom Remsons Automotive Private Limited. Upon completion, the existing joint venture arrangement between the company and Aircom Group AG and/or its subsidiary in relation to that company shall stand terminated in accordance with the terms of the relevant agreement.
• Mr. Amit Srivastava, the erstwhile Group Chief Executive Officer, tendered his resignation on 19th June, 2026, accepted by the Board on 27th July, 2026 with effect from the close of business hours on 4th September, 2026. Mr. Rahul Prabhakar Desai was appointed Chief Executive Officer with effect from 3rd August, 2026.
• On 6th October, 2026, Mr. Rahul Kejriwal, Whole-time Director of the company, passed away following a brief illness.
• The Board on 16th October, 2026 approved the appointment of Mrs. Shivani Kejriwal as an Additional Director designated as Whole-time Director for a period of five years with effect from 16th October, 2026, subject to the approval of the members.
• On the four Labour Codes notified by the Government of India, the company has presented the incremental impact of Rs. 84.22 lakhs related to Employee Benefit Obligations under "Exceptional item" in the consolidated financial results for the year ended March 31, 2026, and Rs.72.92 lakhs in the standalone interim financial results for the previous year, describing the impact as material and non-recurring.

How a retail investor might read this

• The numbers show growth over the year-earlier quarter on both the standalone and consolidated revenue lines, with standalone Net Profit for the period rising from 276.05 to 485.72 (Rs in Lakhs).
• Profit figures carry an exceptional item of Rs.7.35 Lacs tied to the Daman plant insurance settlement, and the notes record a temporary flood-related disruption at the Daman and Pardi facilities with a claim for Pardi still being assessed.
• The notes indicate a change in the joint venture arrangement and a change in the Whole-time Director, both of which affect how the consolidated accounts and management are composed going forward.
• The auditor's review is a limited review, which gives less assurance than a full audit.

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