RRRolex Rings543325Quarterly results

Board approves unaudited Q2 and H1 results; share buyback concluded

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

By ScoutQuest · Thu 5 Nov 2026, 2:03 PM IST · 2 min read

Half-year revenue from operations

Rs 6,935.20 million, against Rs 5,629.66 million a year earlier

Net profit for the quarter

Rs 739.38 million, against Rs 443.38 million in the same quarter last year

Buyback concluded

10,000,000 equity shares at Rs 180 per share; total cash outflow Rs 1,821.48 million

What was approved

The board approved standalone unaudited financial results for the quarter and half year ended 30 September 2026, along with the auditors' limited review report. The results were reviewed by the audit committee and then approved by the board. The statement of assets and liabilities and the cash flow statement were shared with the results.

Revenue and profit

• Revenue from operations for the half year (April to September 2026): Rs 6,935.20 million, against Rs 5,629.66 million in the same half last year.
• Net profit for the quarter (July to September 2026): Rs 739.38 million, against Rs 443.38 million in the same quarter last year.

The company operates in a single business segment, diversified auto components.

Buyback concluded

The buyback approved by the board on 23 April 2026 and by shareholders through postal ballot on 31 May 2026 was completed during the September 2026 quarter:

• 10,000,000 equity shares bought back at Rs 180 per share.
• Total cash outflow of Rs 1,821.48 million, including transaction costs.
• The buyback was funded from share premium and retained earnings, and a capital redemption reserve was created for the nominal value of the shares bought back. Consequent to the buyback, the paid-up equity share capital stands reduced.

US tariff refund in other income

Other income for the quarter includes a refund of US tariffs levied under the International Emergency Economic Powers Act (IEEPA) of Rs 180.34 million. Such a refund is a one-off receipt, so it lifts reported profit without coming from regular operations. When judging the quarter, it is worth separating this from the operating performance.

Exceptional items

The quarter and half year carry nil exceptional items. The year ended 31 March 2026 carried exceptional items: a full and final settlement with a consortium of banks on the Right to Recompense matter, and the incremental liability arising from the new Labour Codes. Those sit in the annual column, so the half-year comparison is on a like-for-like basis on this count.

What a retail investor can take away

• The headline profit growth for the quarter comes on a higher revenue base and also includes a one-off tariff refund in other income.
• The buyback is now complete; it returns cash to eligible shareholders who tendered shares and reduces the share count.
• The auditors' review report states that nothing came to their attention suggesting the statement is not in line with the required standards.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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