Gandhi Special Tubes Limited reported a strong start to FY27, with standalone net profit rising 29% year-on-year to ₹279.4 lakh for the quarter ended June 30, 2026. The Mumbai-based manufacturer saw revenue from operations expand 19% to ₹571.9 lakh, reflecting sustained demand in its core segments.

The company’s Board of Directors approved the unaudited financial results on August 12, 2026, alongside a limited review report from statutory auditors S.V. Doshi & Co. The board also noted the name change of Company Secretary Chaitali Kachalia to Mrs. Chaitali Parekh.

Financial Performance

Revenue growth was accompanied by an expansion in operating margins, as total expenses grew at a slower pace than income. Profit before tax stood at ₹361.2 lakh, up from ₹279.6 lakh in the corresponding period last year. Earnings per share (EPS) increased to ₹22.99 from ₹17.78 in Q1FY26.

Operational costs remained controlled, with employee benefits expenses rising 14% to ₹30.5 lakh and power & fuel costs increasing 33% to ₹38.3 lakh. Depreciation remained stable at ₹8.6 lakh.

What the Numbers Show

A significant portion of the company’s profitability improvement stems from non-operational sources. Other income surged to ₹103.7 lakh, primarily driven by a gain on fair value of investments of ₹93.2 lakh. This contrasts sharply with the previous quarter (Q4FY26), which recorded a loss of ₹62.4 lakh on similar items. While operational revenue grew steadily, the volatility in investment valuation highlights a dependency on market-linked gains for margin expansion in this period.

Auditor’s Note

S.V. Doshi & Co., the statutory auditors, issued a limited review report stating that nothing came to their attention to suggest the financial statements contained material misstatements. The figures for the quarter ended March 31, 2026, are balancing figures between audited full-year results and reviewed year-to-date figures.

Gandhi Special Tubes Limited held its 41st Annual General Meeting (AGM) on Wednesday, August 12, 2026, via Video Conference and Other Audio Visual Means. The meeting, chaired by Chairman Manhar G Gandhi, concluded with shareholders approving key corporate actions, including a special resolution for the buyback of equity shares.

The company reported that 63 shareholders were present for the proceedings. The Statutory Auditor and Secretarial Auditor reports for the financial year ended March 31, 2026, contained no qualifications, observations, or adverse remarks.

Key Resolutions Passed

Shareholders transacted business through remote e-voting and insta-poll. The following resolutions were passed:

• Ordinary Resolution: Adoption of the Audited Financial Statements for FY26 along with the Reports of the Board of Directors and Auditors.
• Ordinary Resolution: Declaration of Final Dividend on Equity Shares for FY26.
• Ordinary Resolution: Reappointment of Mr. Jayesh Gandhi (DIN 00041330), who retires by rotation.
• Ordinary Resolution: Appointment of Mr. Manoj Bhupatrai Gandhi (DIN 00041404) as a Non-Executive Non-Independent Director.
• Ordinary Resolution: Ratification of remuneration for Cost Auditor Shri Dakshesh Zaveri.
• Special Resolution: Buyback of Equity Shares of the Company.

Meeting Proceedings

Manhar G Gandhi briefed members on industry trends and the company’s performance during FY26. The Registers required under the Companies Act, 2013, were made available for inspection in electronic mode upon request.

Members were given an opportunity to ask questions during the session, which the Chairman addressed. Chaitali Kachalia, Company Secretary and Compliance Officer, facilitated the e-voting process. The results of the remote e-voting and insta-poll were scheduled to be declared within two working days and displayed on the websites of the company, Kfin Technologies Limited, BSE Limited, and National Stock Exchange of India Limited.

The meeting was declared closed at 11:37 am, with voting remaining open until 11:52 am.