Board approves half-year results to September 30, 2026; appoints secretarial and internal auditors
Unaudited results for the half year ended 30 September 2026, with limited review report.
By ScoutQuest · · 2 min read
- Half-year revenue from operations
- Rs 13,708.71 lakh vs Rs 24,679.87 lakh a year earlier
- Half-year net profit
- Rs 353.68 lakh vs Rs 608.39 lakh
- Basic EPS
- Rs 2.84 vs Rs 7.34
Results for the half year
For the half year ended 30 September 2026, revenue from operations was Rs 13,708.71 lakh, compared with Rs 24,679.87 lakh in the half year ended 30 September 2025. Total income for the period was Rs 13,798.99 lakh and total expenses were Rs 13,322.89 lakh. Net profit for the period was Rs 353.68 lakh, against Rs 608.39 lakh in the year-earlier half. Basic and diluted earnings per share were Rs 2.84, against Rs 7.34.
How these numbers were reviewed
The results are unaudited and come with a limited review report from the statutory auditors. A review gives moderate assurance, not a full audit opinion, and the report states that nothing came to the auditors' attention that causes them to believe the statement contains a material misstatement. The results were reviewed by the Audit Committee and approved by the Board at the meeting held on 04 November 2026.
What the board approved
- Unaudited financial results for the half year ended 30 September 2026, along with the limited review report.
- Appointment of M/s. G R Shah & Associates, Practising Company Secretaries, as Secretarial Auditor for Financial Year 2026-27.
- Appointment of M/s. C. P. Shah & Associates, Chartered Accountants, as Internal Auditor for Financial Year 2026-27.
Background given on the two firms
- G R Shah & Associates: Mr. Gaurang Shah, Proprietor, is described as having more than a decade of experience in corporate laws, legal and regulatory compliance, secretarial compliances, ROC matters under the Companies Act, 2013, listing and SEBI compliances, corporate governance and FEMA compliances.
- C. P. Shah & Associates: described as a multidisciplinary firm specialising in auditing, financial reporting, internal controls and audit across business functions, and statutory compliances.
Points a retail investor may note
- The numbers cover a six-month period and are interim, unaudited figures reviewed by the auditors rather than full-year audited accounts.
- Set against the same half last year, both revenue from operations and net profit for the period are lower, and earnings per share is lower as well.
- The secretarial and internal auditor appointments are both for Financial Year 2026-27 and were made by the Board on the recommendation of the Audit Committee.
Also from Riddhi Steel and Tube
Internal Auditor appointed for FY 2026-27
4 Nov 2026
Secretarial auditor G R Shah & Associates appointed for FY 2026-27
4 Nov 2026
Board meeting on 4 November 2026 to consider unaudited results for half year ended 30 September 2026
29 Oct 2026
More numbers
- Revenue from operations, half year ended 30 Sep 202613,708.71
- Revenue from operations, half year ended 30 Sep 202524,679.87
- Total income, half year ended 30 Sep 202613,798.99
- Total expenses, half year ended 30 Sep 202613,322.89
- Net profit for the period, half year ended 30 Sep 2026353.68
- Net profit for the period, half year ended 30 Sep 2025608.39
- Basic EPS, half year ended 30 Sep 20262.84
- Basic EPS, half year ended 30 Sep 20257.34
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