Transcript of Earning Call held on 20th May, 2026.
Audio recording of earnings call held on 20th May 2026
Newspaper publication of Audited Financial Results for 4th Quarter and Financial Year ended on 31.03.2026.
Annual Secretarial Compliance Report for the Financial Year ending 31.03.2026
Investors Presentation on the results of Q4 FY 26
Resignation of Mr. Ketan Kumar Dave as Company Secretary and Compliance Officer w.e.f 19th May 2026 as last working day
Appointment of Non - Executive Independent Director Mr. Udeypaul Singh Gill
1. Approved the Audited Standalone and Consolidated Financial Results for the 4th quarter and Financial Year ended on 31st March, 2026, Statement of Assets and Liabilities as at that date and Cash Flow Statement for the year ended 31st March, 2026 along with Auditor's Report 2. Recommended Final Dividend of Rs.1/- per equity share of Rs.5/- each for the financial year ended 31st March, 2026, subject to the approval of the members at the ensuing Annual General Meeting of the Company
Invitation for Earning Conference call to discuss operational and financial performance for Q4 & FY26 of the Company on Wednesday, 20th May, 2026 at 2.30 P.M. (IST)
the Audited Financial Results (Standalone and Consolidated) of the Company for the Quarter and Year ended 31st March, 2026 and to Recommend Dividend, If any, on equity shares of the Company for the financial year ended 31st March, 2026.
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 302.43 | 315.71 | 302.34 | 343.39 | 270.95 | 342.61 | 338.89 | 340.08 | 305.97 | 344.71 | 339.95 | 365.65 |
| YOY Revenue Growth % | -14.92% | -22.33% | -17.81% | -6.93% | -10.41% | 8.52% | 12.09% | -0.96% | 12.93% | 0.61% | 0.31% | 7.52% |
| Other Income | 3.40 | 2.22 | 3.56 | 8.70 | 3.69 | 2.64 | 2.37 | 7.04 | 3.81 | 2.86 | 3.64 | 3.55 |
| Total Income | 305.83 | 317.93 | 305.90 | 352.09 | 274.63 | 345.25 | 341.26 | 347.12 | 309.79 | 347.57 | 343.59 | 369.20 |
| Total Expenses + | 293.30 | 306.61 | 295.21 | 340.91 | 273.83 | 338.47 | 328.16 | 338.46 | 312.15 | 338.73 | 326.31 | 346.27 |
| Cost of Materials Consumed | 130.49 | 129.39 | 129.06 | 135.51 | 128.48 | 156.96 | 150.19 | 140.71 | 124.78 | 154.14 | 140.11 | 138.63 |
| Employee Benefit Expense | 67.76 | 71.15 | 66.75 | 77.35 | 71.15 | 77.52 | 72.46 | 73.80 | 76.65 | 82.64 | 79.07 | 82.30 |
| Other Expenses | 86.26 | 80.64 | 73.53 | 83.97 | 77.31 | 93.75 | 87.55 | 92.79 | 80.43 | 85.84 | 83.93 | 84.72 |
| Operating Profit | 9.12 | 9.10 | 7.13 | 2.47 | -2.89 | 4.14 | 10.72 | 1.63 | -6.17 | 5.98 | 13.64 | 19.38 |
| OPM % | 3% | 2.9% | 2.4% | 0.7% | -1.1% | 1.2% | 3.2% | 0.5% | -2% | 1.7% | 4% | 5.3% |
| Profit Before Tax + | 12.53 | 11.32 | 10.70 | 11.18 | 0.80 | 6.78 | 13.10 | 8.67 | -2.36 | 8.84 | 17.28 | 14.01 |
| Tax Expense | 2.94 | 2.19 | 2.34 | 2.70 | -0.32 | 1.76 | 2.95 | 2.80 | -0.99 | 1.75 | 3.28 | 2.53 |
| Tax % | 23.5% | 19.4% | 21.9% | 24.2% | -40.2% | 26% | 22.5% | 32.3% | - | 19.9% | 19% | 18% |
| Profit After Tax | 9.58 | 9.13 | 8.36 | 8.48 | 1.12 | 5.02 | 10.14 | 5.87 | -1.37 | 7.08 | 14.00 | 11.49 |
| EPS (Basic) | 2.80 | 2.67 | 2.44 | 2.47 | 0.33 | 1.47 | 2.97 | 1.71 | -0.40 | 2.07 | 4.09 | 3.36 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,356.28 | 1,292.53 | 1,263.87 | 1,498.78 | 1,189.77 | 786.62 | 1,289.50 |
| YOY Revenue Growth % | 4.93% | 2.27% | -15.67% | 25.97% | 51.25% | -39% | - |
| Other Income | 13.86 | 15.74 | 17.88 | 14.58 | 16.98 | 16.23 | 12.87 |
| Total Income | 1,370.14 | 1,308.27 | 1,281.75 | 1,513.35 | 1,206.75 | 802.85 | 1,302.37 |
| Total Expenses + | 1,323.46 | 1,278.92 | 1,236.04 | 1,373.86 | 1,137.42 | 789.80 | 1,114.07 |
| Cost of Materials Consumed | 557.66 | 576.33 | 524.45 | 667.83 | 563.64 | 302.49 | 570.06 |
| Employee Benefit Expense | 320.66 | 294.93 | 283.01 | 286.38 | 220.85 | 153.15 | 241.73 |
| Other Expenses | 334.92 | 351.40 | 324.40 | 386.16 | 322.98 | 182.53 | 302.28 |
| Operating Profit | 32.82 | 13.60 | 27.84 | 124.91 | 52.35 | -3.18 | 175.43 |
| OPM % | 2.4% | 1.1% | 2.2% | 8.3% | 4.4% | -0.4% | 13.6% |
| Profit Before Exceptional | 46.68 | 29.34 | 45.72 | 139.49 | 69.32 | 13.05 | 57.12 |
| Exceptional Items | -8.91 | 0.00 | 0.00 | 0.00 | 2.69 | 3.99 | 0.45 |
| Profit Before Tax + | 37.77 | 29.34 | 45.72 | 139.49 | 72.02 | 17.04 | 57.57 |
| Tax Expense | 6.57 | 7.19 | 10.18 | 26.75 | 26.40 | 2.53 | 4.29 |
| Tax % | 17.4% | 24.5% | 22.3% | 19.2% | 36.7% | 14.9% | 7.5% |
| Profit After Tax | 31.20 | 22.16 | 35.54 | 112.74 | 45.62 | 14.51 | 53.28 |
| EPS (Basic) | 9.11 | 6.47 | 10.38 | 32.93 | 26.65 | 8.48 | 31.19 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Non-Current Assets + | 647.96 | 599.23 | 500.24 | 444.78 | 375.77 | 360.06 | 0.00 |
| Property, Plant & Equipment | 554.81 | 520.27 | 423.27 | 368.13 | 306.42 | 334.72 | 0.00 |
| Capital Work in Progress | 30.16 | 19.53 | 19.59 | 21.85 | 28.92 | 0.27 | 0.00 |
| Non-Current Investments | 13.55 | 9.55 | 7.79 | 6.08 | 6.65 | 2.66 | 0.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 0.53 | 0.80 | 0.99 | 1.64 | 2.29 | 2.94 | 0.00 |
| Current Assets + | 624.24 | 597.41 | 569.78 | 623.80 | 505.22 | 393.20 | 0.00 |
| Inventories | 303.19 | 313.12 | 272.03 | 314.12 | 278.89 | 196.45 | 0.00 |
| Trade Receivables | 243.53 | 201.49 | 207.37 | 212.13 | 126.44 | 114.99 | 0.00 |
| Cash and Cash Equivalents | 1.60 | 4.05 | 8.56 | 14.61 | 18.75 | 7.70 | 0.00 |
| Current Investments | 0.17 | 0.13 | 0.16 | 0.07 | 0.04 | 0.03 | 0.00 |
| LIABILITIES & EQUITY | |||||||
| Total Equity | 584.90 | 559.37 | 535.00 | 509.07 | 398.81 | 357.15 | 0.00 |
| Equity Share Capital | 17.12 | 17.12 | 17.12 | 17.12 | 17.12 | 17.12 | 0.00 |
| Other Equity | 567.79 | 542.26 | 517.89 | 491.95 | 381.70 | 340.03 | 0.00 |
| Non-Current Liabilities | 239.00 | 235.40 | 179.59 | 152.22 | 143.75 | 172.11 | 0.00 |
| Current Liabilities | 448.30 | 401.87 | 355.42 | 407.29 | 338.43 | 224.00 | 0.00 |
| Total Liabilities | 687.30 | 637.27 | 535.02 | 559.51 | 482.18 | 396.11 | 0.00 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activities | 117.99 | 77.22 | 142.44 | 20.09 | 52.67 | 132.43 | 0.00 |
| Cash from Investing Activities | -95.01 | -136.97 | -90.08 | -99.44 | -47.21 | -2.57 | 0.00 |
| Cash from Financing Activities | -25.43 | 55.23 | -58.41 | 75.21 | 5.58 | -125.71 | 0.00 |
| Net Increase/Decrease in Cash | -2.45 | -4.51 | -6.05 | -4.14 | 11.04 | 4.16 | 0.00 |