Investment & Precision Castings Limited has announced the successful commissioning of a solar power plant with a capacity of 4 MWp at Village Ratanpar, Gujarat. The commissioning was completed on March 30, 2026, marking a significant step in the company's renewable energy initiatives.

Solar Power Plant Details

The newly commissioned solar facility represents a substantial investment in clean energy infrastructure by the investment casting specialist. The plant specifications and strategic benefits are outlined below:

Expected Benefits and Impact

The commissioning of this solar power plant is strategically positioned to deliver multiple benefits for Investment & Precision Castings Limited. The company has identified two primary advantages from this renewable energy initiative:

• Cost optimization through reduced dependency on grid electricity
• Environmental sustainability through reduction in carbon emissions

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of SEBI (LODR) Regulations 2015, demonstrating the company's commitment to maintaining transparency with stakeholders. The formal communication was addressed to BSE Limited, where the company's shares are listed under scrip code 504786.

Company Leadership

The announcement was signed by Mr. Piyush Tamboli, Chairman & Managing Director (DIN: 00146033), on March 31, 2026. Investment & Precision Castings Limited, established in 1975, operates as a pioneer in investment castings in India and maintains its registered office and works at Nari Road, Bhavnagar, Gujarat.

This solar power plant commissioning aligns with the growing trend of manufacturing companies adopting renewable energy solutions to enhance operational efficiency while supporting environmental sustainability goals.

Investment & Precision Castings Limited has delivered exceptional financial performance in Q3FY26, demonstrating strong operational efficiency and market demand for its investment casting solutions. The company's Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, during their meeting held on February 4, 2026.

Financial Performance Highlights

The company achieved remarkable growth across all key financial metrics during Q3FY26. Net profit surged to ₹279.27 lacs compared to ₹37.30 lacs in Q3FY25, representing an impressive 649% year-on-year increase. This substantial improvement reflects enhanced operational efficiency and strong market positioning.

Nine-Month Performance

The nine-month period ending December 31, 2025, also showcased strong performance with consistent growth momentum. Net profit for the period reached ₹800.11 lacs against ₹417.12 lacs in the corresponding period of the previous year, marking a 92% increase.

Segment-wise Performance

The company operates primarily in two segments: Investment Castings and Power Generation. The Investment Castings segment remained the dominant contributor, generating revenue of ₹4,688.63 lacs in Q3FY26 compared to ₹4,943.07 lacs in Q3FY25. The Power Generation segment contributed ₹47.42 lacs during the quarter.

Exceptional Items and Special Considerations

The company recognized an exceptional item of ₹52.51 lacs during Q3FY26 related to the implementation of New Labour Codes. This impact arose from revised definitions of wages and expanded scope of employee benefits, specifically affecting gratuity and compensated absences calculations.

Capital Structure and Equity

The company's paid-up equity share capital stands at ₹1,000.00 lacs as of December 31, 2025, reflecting the bonus issue of 50,000 equity shares in the ratio of 1:1 completed during FY26. The bonus shares were issued with a record date of June 27, 2025.

Operational Metrics

Key operational expenses showed varied trends during the quarter. External processing costs increased to ₹1,258.77 lacs from ₹1,071.99 lacs in Q3FY25, while power and fuel costs decreased to ₹460.90 lacs from ₹505.26 lacs. Employee benefits expense rose to ₹287.84 lacs compared to ₹254.41 lacs in the previous year quarter.

Audit and Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors. P A R K & Company, Chartered Accountants, conducted a limited review and issued an unmodified opinion on both standalone and consolidated financial results. The company maintains compliance with Indian Accounting Standards and SEBI listing regulations.