Announced Wed, 28 Oct, 2026 · 17:57 IST
H1 FY27 profit rises 40%; board approves Rs 60 crore capacity expansion
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
The board approved unaudited Q2 and half-year results for September 30, 2026. Quarter revenue rose 14% to Rs 72.22 crore, but profit after tax fell 5% to Rs 7.92 crore. Half-year revenue rose 21% to Rs 139.77 crore and profit after tax rose 40% to Rs 16.95 crore. It approved about Rs 60 crore to add 10 lakh steel taps a year within 1 to 1.5 years, financed by internal accruals and debt.
Likely market impact
Mixed Q2 profit tempers the positive half-year trend. Capacity growth may aid revenue, while debt funding raises leverage and execution risk.