Board approves unaudited standalone Q2 and H1 results; auditor's review conclusion unmodified
Board meeting on 26 October 2026 approved the unaudited standalone financial results for the quarter and half year ended 30 September 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 6146.19 | 5486.42 | +12% | 5441.72 | +12.9% |
| Total income | 6171.72 | 5536.81 | +11.5% | 5472.64 | +12.8% |
| Profit before tax | (285.00) | 102.06 | — | (166.52) | −71.2% |
| Profit after tax | (56.19) | 61.35 | — | (161.40) | +65.2% |
| Total comprehensive income | (56.19) | 61.35 | — | (161.40) | +65.2% |
| Basic EPS | (0.45) | 0.49 | — | (1.30) | +65.4% |
- Total income YoY change
- +11.5% (year ago 5536.81)
- Period
- 30th September 2026
Also decided at the meeting
- Took note of Related Party Transactions entered for quarter ended September 30, 2026.
- Took on record the Internal Audit Report for the quarter ended September 30, 2026 from M/s Shah Patni & Co., Internal Auditors.
Auditor's review
Conclusion: Unmodified
Notes to the results
- Company commissioned a solar power project (6.5 MWp DC / 4.8 MW AC) on 26 August 2026 at Churu, Rajasthan; total cost Rs. 24.98 crore incl. land capitalised.
- Company operates in a single business segment: Manufacturing & Sale of CI Castings (Ind AS 108).
Results approved at the board meeting
The 4th board meeting of the financial year 2026-27 was held on Monday, 26 October 2026, from 15:00 to 16:03 IST in hybrid mode. It approved the Unaudited Standalone Financial Results for the quarter and half year ended 30 September 2026.
Auditor's review conclusion
- M/s Goverdhan Agarwal & Co., Chartered Accountants (FRN 006519C), statutory auditor, reviewed the statement and stated that nothing came to its attention that causes it to believe the statement has not disclosed the required information or contains any material misstatement.
- The statement is prepared under Ind AS 34 and is a review, not a full audit.
Other decisions and records
- Took note of Related Party Transactions entered into for the quarter ended 30 September 2026.
- Took on record the Internal Audit Report for the quarter ended 30 September 2026 from M/s Shah Patni & Co., Chartered Accountants.
- Trading window for directors, promoters, connected and designated persons opens after 48 hours of declaration of the results.
The numbers, standalone, in Rs. lakh
Quarter ended 30 September 2026 compared with 30 September 2025
- Revenue from operations: 6146.19 vs 5486.42
- Total Income: 6171.72 vs 5536.81
- Total Expenses: 6456.72 vs 5434.75
- Profit (Loss) before Exceptional & Extraordinary items & tax: (285.00) vs 102.06
- Profit (Loss) for the period: (56.19) vs 61.35
- Basic Earning per share (not annualised): (0.45) vs 0.49
Half year ended 30 September 2026 compared with 30 September 2025
- Revenue from operations: 11587.91 vs 10149.16
- Total Income: 11644.36 vs 10248.50
- Profit (Loss) before Tax: (451.53) vs 124.06
- Profit (Loss) for the period: (217.59) vs 129.72
- Basic Earning per share (not annualised): (1.75) vs 1.04
How to read this: sales were higher year on year, but total expenses rose faster, taking the result into a loss at the profit lines for both the quarter and the half year. The company also recorded a deferred tax credit of 228.81 for the quarter, which trimmed the reported loss compared with the pre-tax loss.
Balance sheet snapshot, in Rs. lakh (30 September 2026 vs 31 March 2026)
- Total Assets: 18517.97 vs 16356.17
- Total Equity: 6977.12 vs 7194.72
- Non-current borrowings: 4145.51 vs 3025.18
- Current borrowings: 3703.54 vs 3191.29
- Cash & Cash Equivalents: 25.87 vs 1.17
Solar power project capitalised
- The company commissioned a solar power project on 26 August 2026 at Village Ghadsisar, Tehsil Sardarshahar, District Churu, Rajasthan.
- Total cost of the project, inclusive of land cost, is Rs. 24.98 crore, and it has been capitalised in the books of account.
- It comprises a 6.5 MWp DC / 4.8 MW AC Solar Photovoltaic power plant under the Rajasthan Renewable Energy Policy, 2023.
- The power is for captive consumption, intended to reduce dependence on conventional energy sources and lower carbon emissions; it is evacuated through a common transmission line from the pooling station to the 132/33 kV Grid Substation of Rajasthan Rajya Vidyut Prasaran Nigam Limited.
- The project was developed by Cosine Power Private Limited for captive consumers.
Other points to note
- The company operates in a single business segment: Manufacturing & Sale of CI Castings.
- No investor complaints were received or pending as on 26 October 2026.
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More numbers
- Revenue from operations, half year ended 30.09.2026 (Rs. lakh)11587.91
- Profit (Loss) for the period, half year ended 30.09.2026 (Rs. lakh)(217.59)
- Total cost of solar power project capitalised (Rs. crore)24.98
- Solar PV plant capacity (MWp DC)6.5 MWp DC
- Total income, latest quarter6171.72 (Amount in lakhs)
- Total income, year-ago quarter5536.81 (Amount in lakhs)
- Total income, previous quarter5472.64 (Amount in lakhs)
- Total comprehensive income, latest quarter(56.19) (Amount in lakhs)
- Total comprehensive income, year-ago quarter61.35 (Amount in lakhs)
- Total comprehensive income, previous quarter(161.40) (Amount in lakhs)
- Profit after tax, latest quarter(56.19) (Amount in lakhs)
- Profit after tax, year-ago quarter61.35 (Amount in lakhs)
- Profit after tax, previous quarter(161.40) (Amount in lakhs)
- Revenue from operations, latest quarter6146.19 (Amount in lakhs)
- Revenue from operations, year-ago quarter5486.42 (Amount in lakhs)
- Revenue from operations, previous quarter5441.72 (Amount in lakhs)
- Profit before tax, latest quarter(285.00) (Amount in lakhs)
- Profit before tax, year-ago quarter102.06 (Amount in lakhs)
- Profit before tax, previous quarter(166.52) (Amount in lakhs)
- Solar power project cost capitalisedRs. 24.98 crore
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