Malpani Pipes FY26 net profit rises 11.9% to ₹902.91 lakh

Malpani Pipes and Fittings Limited reported a net profit of ₹902.91 lakh for the financial year ended March 31, 2026, reflecting an 11.9% increase from the prior year. Revenue from operations rose 15.7% to ₹16,303.32 lakh, supported by a 15.7% growth in total income to ₹16,385.06 lakh. The company’s Board of Directors approved the audited financial results for the year and half-year ended March 31, 2026, in a meeting held on May 28, 2026.

Financial Performance

The company’s profit before tax for FY26 stood at ₹1,216.61 lakh, compared to ₹1,088.20 lakh in the previous year. Total expenses for the year increased to ₹15,168.45 lakh from ₹13,086.74 lakh in FY25. Basic earnings per share (EPS) for the year were recorded at ₹8.38, down from ₹9.68 in the corresponding period last year.

For the half-year ended March 31, 2026, the company posted a net profit of ₹514.92 lakh on revenue from operations of ₹9,347.18 lakh. The statutory auditors, M/s. K A R M A & Co. LLP, issued an unmodified opinion on the audited financial results.

Acquisition Approval

The Board approved the acquisition of 100% equity shares of Terex Industries Private Limited for a total consideration of ₹395.70 lakh. The acquisition price of ₹13.19 per share was determined based on a valuation report dated May 27, 2026. This transaction, classified as a related party transaction, is expected to be completed on or before July 31, 2026, and will make Terex Industries a wholly-owned subsidiary.

Balance Sheet and Cash Flows

The company’s total assets stood at ₹12,173.18 lakh as of March 31, 2026, up from ₹11,206.19 lakh a year earlier. Shareholders' equity increased to ₹5,568.36 lakh from ₹4,665.44 lakh. Cash and cash equivalents decreased to ₹20.15 lakh from ₹43.52 lakh in the previous year, primarily due to net cash used in financing and investing activities.

Particulars	Year Ended 31-Mar-26 (₹ in Lakhs)	Year Ended 31-Mar-25 (₹ in Lakhs)
Revenue from Operations	16,303.32	14,096.73
Total Income	16,385.06	14,174.93
Total Expenses	15,168.45	13,086.74
Profit for the Period	902.91	806.95
Basic EPS (₹)	8.38	9.68

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-5.69%	-6.43%	+6.85%	-12.43%	-20.20%	-22.06%

Malpani Pipes & Fittings has notified BSE Limited of an upcoming board meeting scheduled for Thursday, May 28, 2026. The intimation, dated May 18, 2026, was filed pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was signed by Managing Director Rohit Malpani from Ratlam.

Board Meeting Agenda

The board meeting has been called to consider, approve, and take on record the Audited Standalone Financial Results of the company for the half year and year ended March 31, 2026, in accordance with Regulation 33 of the Listing Regulations. The board may also take up any other items as may be decided during the meeting.

Key details of the scheduled board meeting are summarised below:

Parameter:	Details
Meeting Date:	Thursday, May 28, 2026
Intimation Date:	May 18, 2026
Regulatory Reference:	Regulation 29, SEBI (LODR) Regulations, 2015
Agenda:	Audited Standalone Financial Results
Period Under Review:	Half year and year ended March 31, 2026
Applicable Regulation for Results:	Regulation 33 of the Listing Regulations
Signed By:	Rohit Malpani, Managing Director (DIN: 08671175)
Place:	Ratlam

Trading Window Closure

In line with the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's internal Code of Conduct to Regulate, Monitor and Report Trading by Insiders, the trading window for dealing in the securities of Malpani Pipes & Fittings has been closed effective Wednesday, April 01, 2026. This restriction applies to all Designated Persons and their immediate relatives.

The trading window will be reopened 48 hours after the declaration and publication of the Audited Standalone Financial Results for the half year and year ended March 31, 2026.