Baroda Extrusion Limited's Board of Directors approved the unaudited financial results for the quarter ended June 30, 2026, at its meeting held on August 12, 2026. The copper tubes and bars manufacturer reported a sharp improvement in profitability, with net profit jumping to ₹264.00 lakh from ₹88.18 lakh in the corresponding quarter of FY26. Revenue from operations grew to ₹4,790.51 lakh, up from ₹3,805.93 lakh in Q1FY26. EBITDA rose to ₹3.68 crore from ₹1.08 crore in the prior year period, reflecting an expansion in EBITDA margin to 7.7% from 2.86%.

Q1FY27 Financial Performance

The company recorded total income of ₹4,790.66 lakh against total expenses of ₹4,440.49 lakh. Profit before tax stood at ₹350.17 lakh, compared to ₹88.18 lakh in the prior year quarter. After accounting for current tax of ₹58.95 lakh and deferred tax of ₹27.22 lakh, the profit after tax reached ₹264.00 lakh. Basic and diluted earnings per share (EPS) were ₹0.14, up from ₹0.06 in Q1FY26.

The following table presents a summary of key financial metrics across reported periods (figures in lakhs):

Key Expense Breakdown

Cost of materials consumed was the largest expense component at ₹4,619.78 lakh. The company saw a positive change in inventories of (₹444.98) lakh. Other significant expenses included purchase of stock in trade at ₹72.94 lakh and other expenses at ₹134.58 lakh. Employee benefits expense stood at ₹39.71 lakh, while finance costs were ₹13.83 lakh. Depreciation and amortisation amounted to ₹4.63 lakh.

Paid-up equity share capital as of June 30, 2026, stood at ₹1,943.82 lakh (face value of ₹1/- each).

Strategic Outlook and Expansion Plans

During the General Investor Meeting held on August 13, 2026, Managing Director Alpesh Kanugo highlighted that the company is virtually debt-free with a positive net worth. He noted that Baroda Extrusion has strengthened its financial position over the last two years after emerging from previous debt pressures. The company currently holds an order book of ₹20 crore as on July 31, 2026, which is expected to convert into approved sales.

Management is planning a capital expenditure of ₹25-30 crore to install a heavy capacity hydraulic extrusion press. This investment aims to increase monthly production capacity to over 500 tons, potentially doubling current output levels. The new machinery will enable the manufacturing of a wider range of copper and copper alloy products, including heavy sizes for defense and power sectors. Kanugo stated that the company targets reaching ₹1,000 crore in revenue within three to five years, leveraging its existing customer base of over 700 clients and strong relationships in the electrical and power industry ecosystem.

Board Approvals and Corporate Developments

Beyond financial results, the board approved several corporate actions:

• Appointment of Whole-time Director: Mrs. Meera Kanugo was appointed as Whole-time Director for a tenure of five consecutive years commencing from August 12, 2026, subject to shareholder approval. She is liable to retire by rotation and is the spouse of Managing Director Alpesh Kanugo.
• Cost Auditor Appointment: M/s Divyesh Vagadiya & Associates, Cost Accountants, Vadodara (Firm Registration No. 102628), was appointed to audit cost records for FY27.
• 35th Annual General Meeting: Fixed for Thursday, September 24, 2026, at the registered office.
• Directors' Report: Approved along with Annexures and the 35th AGM Notice.

Profile of Newly Appointed Whole-time Director

Mrs. Meera Kanugo brings over a decade of experience in the copper tube industry. She has played a significant role in strengthening business relationships and establishing alliances with key industry stakeholders, contributing to technological capabilities and operational efficiency.

Auditor's Review

The unaudited financial results were reviewed by statutory auditors Maloo Bhatt & Co., Chartered Accountants (FRN No. 129572W). Partner Yash Bhatt (Membership No. 117745) stated that nothing came to their attention indicating any material misstatement in the Statement, prepared in accordance with Indian Accounting Standard 34 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE927K01023/14a5e262-b56b-406e-b4e3-173fa9153e6d.pdf

Baroda Extrusion Limited reported a revenue of ₹55.94 Cr for the quarter ended Q4FY26, reflecting a 21.96% increase compared to the same period in the previous year. The company’s Profit After Tax (PAT) for the quarter stood at ₹3.08 Cr, generated entirely from operating performance, contrasting with the prior year which included one-time exceptional gains. This financial performance underscores the company's strengthened operational efficiency and core business momentum.

The filing highlights a significant improvement in the company's balance sheet, with borrowings reducing by approximately 90% over the last two years from ₹59 Cr to ₹5.58 Cr. This deleveraging has enhanced financial flexibility. Additionally, the company is operating at nearly 80% capacity utilization, providing substantial room for volume expansion without major capital expenditure. The management attributes the growth to improved business activity and customer demand across its product lines.

Financial Performance

The company’s financial results for Q4FY26 and the full fiscal year FY26 show robust growth in income and profitability metrics. Total income for Q4FY26 rose to ₹56.82 Cr, while EBITDA increased by 100.29% year-on-year to ₹4.29 Cr. For the full year FY26, revenue reached ₹182.51 Cr, a 14.75% increase from FY25.

Operational Highlights

Baroda Extrusion Limited operates a manufacturing facility at Jarod Samalaya Road in Vadodara, Gujarat, with an installed capacity of 3,600 MT per annum. The company produces customized copper products, including tubes, rods, flats, bus bars, and profiles, serving industries such as electricals, transformers, energy, and HVAC. The presentation notes that the company holds 5 BIS & ISI Mark Licences, enabling entry into critical applications.

Strategic Outlook

Management stated that the company is positioned to capitalize on long-term growth opportunities in the copper sector, driven by investments in power infrastructure, renewable energy, and electric vehicles. The vision includes achieving revenues of approximately ₹1000 crore within the next 3–5 years. The company’s land assets, totaling approximately 20 Lakh Sq. Ft., provide a platform for future manufacturing expansion.