Earnings Call Transcript
Institutional Investors/Analysts Call Recording held today i.e. 21st May, 2026 to discuss the financial performance for the quarter and year ended 31st March, 2026.
Submission of Newspaper publication of Audited Standalone and Consolidated Financial Results
Earnings Presentation for the Quarter and Year ended 31st March, 2026
Re-Appointment of Internal Auditors & Cost Auditor of the Company
Resignation of Mr. Deepak R. Ramachandra (DIN:10633078), Non-Executive Independent Director of the Company.
Appointment of Mr. John Gloster (DIN:02421071) as an Additional Director (Non-Executive Independent Director) of the Company
Board of Directors have recommended final dividend for the Financial Year 2025-26
Board of Directors have fixed Wednesday 05th August, 2026 as Record date for Dividend for the financial year, if declared by the members at the ensuing AGM.
Board of Directors have recommended Final Dividend for the Financial Year 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 | 195.69 | 226.82 | 197.41 | 216.48 | 215.76 | 236.77 | 222.57 | 252.88 | 225.13 | 269.06 | 252.03 | 279.35 |
| YOY Revenue Growth % | -16.21% | 2.75% | -1.01% | 10.82% | 10.25% | 4.39% | 12.74% | 16.82% | 4.35% | 13.64% | 13.24% | 10.47% |
| Other Income | 0.58 | 2.81 | 2.16 | 1.79 | 1.74 | 2.13 | 0.12 | 0.07 | 0.30 | 3.00 | 2.05 | 4.04 |
| Total Income | 196.27 | 229.63 | 199.57 | 218.27 | 217.50 | 238.90 | 222.69 | 252.95 | 225.43 | 272.06 | 254.08 | 283.39 |
| Total Expenses + | 204.06 | 226.14 | 195.02 | 204.03 | 201.86 | 217.98 | 208.60 | 241.68 | 217.64 | 263.35 | 250.38 | 270.87 |
| Cost of Materials Consumed | 142.52 | 123.29 | 147.46 | 123.72 | 119.90 | 168.01 | 143.20 | 180.34 | 143.51 | 171.80 | 164.92 | 161.75 |
| Employee Benefit Expense | 13.39 | 12.99 | 13.43 | 14.00 | 17.65 | 18.06 | 18.44 | 19.47 | 19.81 | 19.94 | 19.74 | 18.71 |
| Other Expenses | 35.86 | 36.74 | 39.92 | 46.82 | 46.38 | 49.41 | 47.41 | 53.78 | 47.39 | 49.03 | 42.85 | 44.72 |
| Operating Profit | -8.36 | 0.68 | 2.40 | 12.45 | 13.90 | 18.79 | 13.96 | 11.20 | 7.49 | 5.71 | 1.65 | 8.49 |
| OPM % | -4.3% | 0.3% | 1.2% | 5.8% | 6.4% | 7.9% | 6.3% | 4.4% | 3.3% | 2.1% | 0.7% | 3% |
| Profit Before Tax + | -7.79 | 3.50 | 4.55 | 14.24 | 15.64 | 20.93 | 14.09 | 11.27 | 7.79 | 8.72 | 3.69 | 12.52 |
| Tax Expense | -1.85 | 0.99 | 1.85 | 4.04 | 4.00 | 4.62 | 3.39 | 3.09 | 2.06 | 1.98 | 0.08 | 3.35 |
| Tax % | - | 28.4% | 40.5% | 28.3% | 25.5% | 22.1% | 24.1% | 27.4% | 26.4% | 22.7% | 2.1% | 26.7% |
| Profit After Tax | -5.93 | 2.50 | 2.71 | 10.20 | 11.64 | 16.31 | 10.70 | 8.18 | 5.74 | 6.74 | 3.62 | 9.17 |
| EPS (Basic) | -1.76 | 0.74 | 0.80 | 3.03 | 3.46 | 4.85 | 3.18 | 2.43 | 1.70 | 2.00 | 1.08 | 2.73 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,025.57 | 927.97 | 836.40 | 849.07 | 868.79 | 708.84 | 759.43 |
| YOY Revenue Growth % | 10.52% | 10.95% | -1.49% | -2.27% | 22.57% | -6.66% | - |
| Other Income | 9.39 | 3.23 | 7.33 | 5.77 | 4.38 | 1.76 | 7.02 |
| Total Income | 1,034.96 | 931.20 | 843.73 | 854.84 | 873.17 | 710.59 | 766.45 |
| Total Expenses + | 1,002.23 | 869.28 | 829.23 | 826.39 | 796.39 | 573.14 | 641.01 |
| Cost of Materials Consumed | 641.97 | 611.45 | 532.54 | 630.69 | 615.58 | 414.52 | 485.97 |
| Employee Benefit Expense | 78.20 | 73.61 | 53.81 | 52.66 | 47.90 | 39.38 | 35.73 |
| Other Expenses | 183.98 | 196.14 | 163.78 | 164.50 | 154.63 | 119.30 | 119.31 |
| Operating Profit | 23.34 | 58.69 | 7.18 | 22.69 | 72.40 | 135.69 | 118.43 |
| OPM % | 2.3% | 6.3% | 0.9% | 2.7% | 8.3% | 19.1% | 15.6% |
| Profit Before Exceptional | 32.73 | 61.93 | 14.50 | 28.45 | 76.78 | 137.45 | 103.50 |
| Exceptional Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit Before Tax + | 32.73 | 61.93 | 14.50 | 28.45 | 76.78 | 137.45 | 103.50 |
| Tax Expense | 7.46 | 15.09 | 5.02 | 7.83 | 22.72 | 35.02 | 16.75 |
| Tax % | 22.8% | 24.4% | 34.6% | 27.5% | 29.6% | 25.5% | 16.2% |
| Profit After Tax | 25.26 | 46.84 | 9.48 | 20.62 | 54.06 | 102.43 | 86.75 |
| EPS (Basic) | 7.51 | 13.92 | 2.82 | 6.13 | 16.06 | 30.44 | 25.78 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Non-Current Assets + | 459.12 | 441.48 | 398.46 | 343.97 | 312.20 | 270.56 | 0.00 |
| Property, Plant & Equipment | 257.28 | 277.32 | 214.00 | 208.88 | 213.63 | 191.26 | 0.00 |
| Capital Work in Progress | 4.71 | 4.97 | 53.74 | 36.87 | 21.00 | 12.49 | 0.00 |
| Non-Current Investments | 130.00 | 100.00 | 32.00 | 32.00 | 14.40 | 9.60 | 0.00 |
| Goodwill | 44.98 | 44.98 | 44.98 | 44.98 | 44.98 | 44.98 | 0.00 |
| Other Intangible Assets | 11.25 | 6.14 | 4.95 | 12.42 | 2.02 | 0.24 | 0.00 |
| Current Assets + | 691.93 | 640.14 | 531.57 | 644.32 | 553.81 | 474.96 | 0.00 |
| Inventories | 365.56 | 357.18 | 276.30 | 367.73 | 286.93 | 227.59 | 0.00 |
| Trade Receivables | 248.57 | 188.92 | 190.36 | 190.71 | 195.40 | 189.13 | 0.00 |
| Cash and Cash Equivalents | 9.90 | 6.58 | 3.48 | 9.59 | 6.26 | 15.14 | 0.00 |
| Current Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| LIABILITIES & EQUITY | |||||||
| Total Equity | 702.15 | 678.68 | 634.40 | 626.70 | 606.14 | 557.46 | 0.00 |
| Equity Share Capital | 16.83 | 16.83 | 16.83 | 16.83 | 16.83 | 16.83 | 0.00 |
| Other Equity | 685.32 | 661.85 | 617.58 | 609.88 | 589.31 | 540.63 | 0.00 |
| Non-Current Liabilities | 34.14 | 48.32 | 51.26 | 63.65 | 74.18 | 29.37 | 0.00 |
| Current Liabilities | 414.77 | 354.62 | 244.36 | 297.93 | 185.70 | 158.77 | 0.00 |
| Total Liabilities | 448.91 | 402.94 | 295.62 | 361.59 | 259.87 | 188.14 | 0.00 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activities | 33.17 | -18.52 | 156.79 | -21.29 | -1.11 | 0.00 | 0.00 |
| Cash from Investing Activities | -44.57 | -64.36 | -76.61 | -53.44 | -59.18 | 0.00 | 0.00 |
| Cash from Financing Activities | 14.72 | 85.98 | -86.29 | 78.06 | 51.41 | 0.00 | 0.00 |
| Net Increase/Decrease in Cash | 3.32 | 3.10 | -6.11 | 3.33 | -8.88 | 0.00 | 0.00 |