Shilp Gravures Limited reported its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, approved by the Board of Directors at its meeting held on August 6, 2026. The results were subjected to a limited review by the statutory auditors, Shah & Shah Associates, Chartered Accountants, who expressed an unmodified conclusion. The consolidated results include the performance of M/s. Etone India Private Limited, the company's wholly owned subsidiary.

Standalone Financial Performance

On a standalone basis, Shilp Gravures posted revenue from operations of ₹2,302.27 lakh for Q1FY27, compared to ₹2,249.41 lakh in Q1 of the prior year and ₹2,167.56 lakh in the preceding quarter ended March 31, 2026. Total revenue, including other income of ₹292.26 lakh, stood at ₹2,594.53 lakh for the quarter. Net profit for the quarter came in at ₹375.57 lakh, compared to ₹390.95 lakh in the year-ago quarter and ₹43.44 lakh in the immediately preceding quarter.

The following table summarises key standalone financial metrics:

Standalone total expenses for the quarter were ₹2,085.73 lakh, up from ₹1,995.88 lakh in Q1FY26. Key cost components included employee benefit expenses of ₹699.09 lakh, cost of materials consumed at ₹780.32 lakh, and depreciation and amortisation expense of ₹149.09 lakh. Finance costs remained low at ₹3.50 lakh for the quarter.

Consolidated Financial Performance

On a consolidated basis, revenue from operations for Q1FY27 stood at ₹2,520.35 lakh, compared to ₹2,483.14 lakh in Q1FY26 and ₹2,395.77 lakh in Q4FY26. Consolidated net profit for the quarter was ₹335.47 lakh, against ₹370.42 lakh in the year-ago quarter and ₹19.22 lakh in the preceding quarter. The subsidiary contributed total revenue of ₹202.40 lakh and recorded a total net loss after tax of ₹40.10 lakh for the quarter.

Segment-Wise Performance

The company operates across three reportable segments: manufacture of gravure rollers, power generation, and others. Gravure rollers remained the dominant revenue contributor. The table below presents standalone segment revenue for the quarter:

In terms of standalone segment results, gravure rollers contributed ₹211.68 lakh, power generation contributed ₹17.12 lakh, while the others segment reported a loss of ₹(8.76) lakh for Q1FY27.

Balance Sheet Highlights

Standalone total assets as of June 30, 2026 stood at ₹12,876.73 lakh, compared to ₹12,118.02 lakh as of March 31, 2026. Standalone total liabilities were ₹1,800.36 lakh against ₹1,384.41 lakh at the end of FY26. Paid-up equity share capital remained unchanged at ₹614.98 lakh, with a face value of ₹10 per share. Other equity (excluding revaluation reserve) as of March 31, 2026 stood at ₹10,118.63 lakh on a standalone basis and ₹9,878.49 lakh on a consolidated basis.

Notes on Other Income

As disclosed by the company, other income for the quarter includes net gain on investments measured at fair value through profit or loss (FVTPL) amounting to ₹268.59 lakh for Q1FY27, compared to ₹243.39 lakh in Q1FY26. Net gain arising on sale of investments was ₹NIL lakh for Q1FY27, compared to ₹15.72 lakh in Q1FY26. The company has not elected to exercise the option under Section 115BAA of the Income Tax Act, 1961, and current tax has been provided under normal provisions.

Shilp Gravures Limited has resumed production at its Rakanpur manufacturing facility effective July 29, 2026, following the receding of floodwaters that had forced a suspension since July 24, 2026. The restoration of power and essential utilities allowed the company to restart operations, marking a critical step in mitigating the operational risks posed by the severe rainfall in Gujarat.

While certain departments have returned to normal operations, restoration and recommissioning activities are ongoing in sections where machinery and equipment were heavily affected. The company is actively working to restore full operational capacity and has committed to informing stock exchanges of any further material developments regarding the timeline for complete recovery.

Operational Status Update

The facility located at 778/6, Pramukh Industrial Estate, Sola-Santej Road, Rakanpur, Ta. Kalol, Dist. Gandhinagar, faced significant disruption due to waterlogging. With the water levels now receded, the immediate threat to assets has subsided. However, the phased nature of the resumption indicates that some areas require extensive cleaning and technical inspection before they can safely contribute to output.

Regulatory Disclosure

This update was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Jay Rajendrabha Chavda, Company Secretary and Compliance Officer of Shilp Gravures Limited, signed the disclosure submitted to BSE Limited on July 29, 2026. The filing serves as a continuation of the earlier intimation regarding the temporary disruption.

What the Numbers Show

The five-day gap between suspension and partial resumption highlights the severity of the initial flooding. While the return of utilities is a positive signal, the continued need for recommissioning in heavy machinery sections suggests that full capacity may not be achieved immediately. Investors should monitor subsequent disclosures for updates on the duration of this partial operation phase and any final insurance claim assessments related to the damaged inventory or equipment.