OBSC Perfection reported a net profit of ₹105.10 crore for the half year ended September 30, 2025, reflecting a 32% increase compared to the same period in the previous year. Revenue from operations rose 31% to ₹886.43 crore, driven by higher income from operations which stood at ₹886.43 crore. The company's earnings per share (EPS) improved to ₹4.30 from ₹4.07 in the corresponding period of the prior year.

Financial Performance

The company's total income for the period reached ₹903.37 crore, up from ₹684.08 crore in the half year ended September 30, 2024. Expenditure increased to ₹775.59 crore from ₹575.29 crore, primarily due to higher consumption and manufacturing expenses which totaled ₹558.12 crore. Finance costs for the period were ₹15.73 crore, while depreciation and amortization amounted to ₹32.01 crore.

Balance Sheet Highlights

As of September 30, 2025, the company's shareholder funds stood at ₹1,145.00 crore, comprising share capital of ₹244.52 crore and reserves and surplus of ₹900.48 crore. Total assets were reported at ₹1,788.05 crore, with non-current assets of ₹885.54 crore and current assets of ₹903.66 crore. The company's cash and cash equivalents decreased to ₹89.98 crore from ₹166.00 crore as of March 31, 2025.

Cash Flow Statement

Cash flow from operating activities was negative at ₹36.54 crore, compared to a positive ₹46.98 crore in the previous year. Cash used in investing activities was ₹173.54 crore, primarily due to purchases of fixed assets amounting to ₹175.26 crore. Financing activities provided a cash inflow of ₹134.06 crore, driven by an increase in borrowings of ₹149.80 crore.

Auditor's Report

P. K. Chand & Co., Chartered Accountants, issued a limited review report with an unmodified opinion on the unaudited financial results for the half year ended September 30, 2025. The report confirmed that the financial statements comply with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Utilization of Issue Proceeds

The statutory auditors certified the utilization of net proceeds from the issue of shares. Out of the total disclosed amount of ₹580.00 crore, ₹470.89 crore had been utilized as of September 30, 2025. The unutilized amount of ₹109.11 crore is allocated for funding capital expenditure requirements towards the purchase of machinery for the company's existing manufacturing facility in Chennai, Tamil Nadu.

OBSC Perfection reported a 61.2% increase in net profit to ₹2,701.46 lakh for the financial year ended March 31, 2026, driven by a 53.8% rise in revenue from operations to ₹21,954.41 lakh. The company’s earnings per share (EPS) for the year improved to ₹10.45 on a basic basis and ₹12.62 on a diluted basis, up from ₹6.85 and ₹8.12 respectively in the previous year. The Board of Directors approved the audited financial results along with the audit report in a meeting held on May 20, 2026.

Financial Performance

The growth in revenue was supported by a significant increase in consumption and manufacturing expenses, which rose to ₹14,385.59 lakh from ₹9,364.76 lakh in the prior year. Finance costs also increased to ₹448.94 lakh compared to ₹312.23 lakh in FY25. For the quarter ended March 31, 2026, the company recorded a profit before tax of ₹1,021.22 lakh and a total comprehensive income of ₹865.92 lakh.

Balance Sheet and Cash Flows

The company’s total assets grew to ₹29,569.61 lakh as of March 31, 2026, up from ₹15,855.08 lakh a year earlier. Shareholders' funds stood at ₹17,196.41 lakh, comprising a share capital of ₹2,584.56 lakh and reserves and surplus of ₹14,611.85 lakh. Cash flow from operating activities for the year was negative at ₹194.68 lakh, while cash flow from financing activities was positive at ₹7,803.54 lakh, primarily due to an increase in borrowings and share capital.

Auditor’s Report and Utilization of Proceeds

Statutory auditors P. K. Chand & Co. issued an unmodified opinion on the financial statements. The auditors noted that certain vouchers were amended to incorporate further details without impacting the company's financial position, attributing this to the accounting staff's adjustment to audit trail-compliant software. The company also provided certificates confirming the utilization of proceeds from preferential issues, with funds allocated towards land purchase, construction, plant and machinery, and working capital requirements.

Key Financial Metrics for FY26