Transcript of the Investor/Analyst Earnings Call held on Tuesday, June 2, 2026.
Intimation of audio recording of Analysts/Institutional Investors/Organisations meet-''Earnings Call''.
Investor Presentation for the quarter and year ended March 31, 2026.
Submission of Annual Secretarial Compliance Report pursuant to regulations 24A of SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015 for the financial year ended March 31, 2026.
Earning call with the Analysts/Investors on the Audited (Standalone and Consolidated) Financial Results of the Company for the quarter and year ended March 31, 2026.
Clarification regarding typographical error in Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026 submitted on May 21, 2026 - No Change in any financial figure
Submission of Newspaper Publication of the extract of Audited Financial Results (Standalone & Consolidated) for the quarter and financial year ended 31st March 2026.
Re-appointment of M/s. V.B. Modi & Associates, Cost Accountants, as Cost Auditor of the Company for the FY 2026-27.
Appointment of M/s. Shah Kapadia & Associates, as Internal Auditor of the Company for the FY 2026-27.
Recommended Final Dividend of Rs. 10 per equity share of face value of Re. 1 (i.e. 1000%) and Special Dividend of Rs. 30 per equity share of face value Re. 1 (i.e. 3000%) for the FY 2025-26.
| 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 | 54.98 | 46.80 | 44.06 | 45.46 | 49.76 | 37.87 | 37.51 | 50.12 | 53.57 | 57.85 | 41.02 | 63.01 |
| YOY Revenue Growth % | 4.68% | -23.6% | -20.41% | -18.73% | -9.49% | -19.07% | -14.88% | 10.23% | 7.65% | 52.74% | 9.38% | 25.73% |
| Other Income | 2.98 | 2.69 | 2.74 | 3.36 | 3.25 | 4.35 | 4.24 | 3.75 | 3.02 | 3.57 | 4.33 | 4.52 |
| Total Income | 57.96 | 49.49 | 46.80 | 48.83 | 53.01 | 42.22 | 41.75 | 53.87 | 56.59 | 61.42 | 45.35 | 67.53 |
| Total Expenses + | 43.70 | 37.21 | 35.45 | 34.49 | 33.81 | 29.24 | 28.06 | 41.09 | 42.21 | 48.21 | 33.20 | 50.89 |
| Cost of Materials Consumed | 30.42 | 25.49 | 23.79 | 22.26 | 22.10 | 16.13 | 17.26 | 26.33 | 27.67 | 30.39 | 20.10 | 36.17 |
| Employee Benefit Expense | 2.97 | 2.88 | 2.86 | 3.18 | 3.90 | 3.17 | 3.41 | 3.82 | 3.39 | 4.21 | 2.89 | 7.31 |
| Other Expenses | 9.45 | 8.18 | 8.03 | 8.61 | 8.45 | 8.82 | 6.81 | 9.07 | 10.82 | 10.19 | 8.82 | 10.12 |
| Operating Profit | 11.28 | 9.59 | 8.61 | 10.98 | 15.96 | 8.63 | 9.45 | 9.03 | 11.36 | 9.63 | 7.82 | 12.12 |
| OPM % | 20.5% | 20.5% | 19.5% | 24.1% | 32.1% | 22.8% | 25.2% | 18% | 21.2% | 16.7% | 19.1% | 19.2% |
| Profit Before Tax + | 14.26 | 12.29 | 11.35 | 14.34 | 19.21 | 12.98 | 13.69 | 12.78 | 14.37 | 22.55 | 12.15 | 17.44 |
| Tax Expense | 3.88 | 3.36 | 3.12 | 2.90 | 5.19 | 3.80 | 4.62 | 2.54 | 4.17 | 6.29 | 2.88 | 2.91 |
| Tax % | 27.2% | 27.3% | 27.5% | 20.2% | 27% | 29.3% | 33.8% | 19.9% | 29% | 27.9% | 23.7% | 16.7% |
| Profit After Tax | 10.38 | 8.93 | 8.23 | 11.44 | 14.01 | 9.18 | 9.07 | 10.24 | 10.20 | 16.26 | 9.27 | 14.53 |
| EPS (Basic) | 3.23 | 2.78 | 2.56 | 3.57 | 4.37 | 2.86 | 2.83 | 3.14 | 3.18 | 5.07 | 2.89 | 4.53 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Revenue from Operations | 215.45 | 175.26 | 191.30 | 225.08 | 175.72 | 144.15 |
| YOY Revenue Growth % | 22.93% | -8.39% | -15.01% | 28.09% | 21.9% | - |
| Other Income | 15.44 | 15.59 | 11.77 | 7.18 | 3.21 | 3.64 |
| Total Income | 230.89 | 190.85 | 203.08 | 232.26 | 178.93 | 147.79 |
| Total Expenses + | 174.52 | 132.19 | 150.84 | 164.79 | 128.95 | 101.25 |
| Cost of Materials Consumed | 114.33 | 81.83 | 101.96 | 98.72 | 76.74 | 61.60 |
| Employee Benefit Expense | 17.80 | 14.30 | 11.89 | 13.55 | 11.50 | 10.13 |
| Other Expenses | 39.95 | 33.15 | 34.28 | 41.33 | 39.57 | 28.13 |
| Operating Profit | 40.94 | 43.07 | 40.46 | 60.29 | 46.77 | 42.90 |
| OPM % | 19% | 24.6% | 21.1% | 26.8% | 26.6% | 29.8% |
| Profit Before Exceptional | 56.37 | 58.66 | 52.23 | 67.46 | 49.99 | 46.54 |
| Exceptional Items | 10.15 | 0.00 | 0.00 | 1.49 | 0.00 | 0.00 |
| Profit Before Tax + | 66.52 | 58.66 | 52.23 | 68.95 | 49.99 | 46.54 |
| Tax Expense | 16.25 | 16.16 | 13.26 | 18.26 | 13.61 | 12.29 |
| Tax % | 24.4% | 27.5% | 25.4% | 26.5% | 27.2% | 26.4% |
| Profit After Tax | 50.27 | 42.51 | 38.98 | 50.69 | 36.37 | 34.26 |
| EPS (Basic) | 15.67 | 13.25 | 12.15 | 15.80 | 11.33 | 106.76 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Non-Current Assets + | 80.41 | 200.91 | 109.95 | 106.98 | 100.24 | 109.37 |
| Property, Plant & Equipment | 7.71 | 21.11 | 18.64 | 16.40 | 13.17 | 14.07 |
| Capital Work in Progress | 1.13 | 1.13 | 1.13 | 1.18 | 1.09 | 1.09 |
| Non-Current Investments | 11.72 | 11.72 | 3.93 | 3.45 | 0.31 | 0.22 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 1.38 | 0.00 | 0.10 | 0.00 | 0.00 | 0.00 |
| Current Assets + | 324.46 | 155.78 | 201.32 | 168.33 | 121.41 | 80.55 |
| Inventories | 31.83 | 47.07 | 22.38 | 57.88 | 65.04 | 29.78 |
| Trade Receivables | 10.38 | 15.79 | 13.61 | 12.79 | 10.01 | 8.78 |
| Cash and Cash Equivalents | 13.61 | 39.12 | 119.78 | 85.25 | 35.86 | 2.03 |
| Current Investments | 197.70 | 45.21 | 39.06 | 5.53 | 3.19 | 30.10 |
| LIABILITIES & EQUITY | ||||||
| Total Equity | 386.58 | 335.43 | 293.41 | 255.05 | 207.15 | 172.81 |
| Equity Share Capital | 3.21 | 3.21 | 3.21 | 3.21 | 3.21 | 3.21 |
| Other Equity | 383.37 | 332.22 | 290.20 | 251.84 | 203.94 | 169.60 |
| Non-Current Liabilities | 2.73 | 3.48 | 2.61 | 2.65 | 1.69 | 1.47 |
| Current Liabilities | 15.56 | 17.78 | 15.25 | 17.60 | 12.81 | 15.65 |
| Total Liabilities | 18.29 | 21.26 | 17.85 | 20.25 | 14.49 | 17.12 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Cash from Operating Activities | 87.15 | -71.99 | 67.87 | 60.25 | 11.48 | 15.75 |
| Cash from Investing Activities | -76.69 | -6.91 | -30.12 | -7.56 | 25.57 | -54.00 |
| Cash from Financing Activities | -3.49 | -3.39 | -3.22 | -3.30 | -3.22 | -0.68 |
| Net Increase/Decrease in Cash | 6.97 | -82.28 | 34.53 | 49.39 | 33.83 | -38.93 |