Shree Marutinandan Tubes Limited has secured a work order from Acline Projects Private Limited for fire fighting work valued at ₹0.4250 crore. The order was awarded on June 09, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The project involves execution on a back-to-back basis for the construction of critical care blocks in Jammu & Kashmir.

The work order pertains to the Fire Fighting Work of Construction of 50 Bedded, 100 Bedded Critical Care Block (CCB) & DIPHL at various locations in Jammu & Kashmir and their maintenance during the Defect Liability Period. This is on a Comprehensive Design, Engineering, Procurement and Construction (EPC) basis at Baramulla. The company confirmed that the order falls within the ordinary course of business and was awarded by a domestic entity.

Project Details

The order stipulates a project duration of 06 Months, followed by a Defect Liability Period of 24 Months. The total consideration for the execution of the fire fighting work is ₹0.4250 crore including GST. The order is subject to the terms and conditions stipulated in the underlying agreement.

The disclosure confirmed that the promoter, promoter group, or group companies do not have any interest in Acline Projects Private Limited. Consequently, the transaction does not fall within related party transactions. The bagging of the contract occurred on June 09, 2026, at 07:00 pm.

Shree Marutinandan Tubes Limited reported a 27.7% rise in net profit to ₹357.74 lakh for the financial year ended March 31, 2026, compared to ₹280.13 lakh in the previous year. Revenue from operations increased to ₹14,931.17 lakh from ₹11,389.70 lakh in FY25. The board approved the audited standalone and consolidated financial results at a meeting held on May 26, 2026.

M/s S K Jha & Co., Chartered Accountants, the statutory auditors, issued an unmodified opinion on the financial results. However, the auditors drew attention to a note indicating that the company did not make provisions for post-employment benefits in accordance with AS-15 "Employee Benefits". The report states that had management recognized and made provision for such benefits, net income and shareholders' equity would have been reduced, though the amount was not quantified.

The company reported earnings per share (EPS) of ₹10.34 for the year ended March 31, 2026, up from ₹8.10 in the previous year. Total expenses for the year stood at ₹14,467.30 lakh, compared to ₹11,134.65 lakh in FY25. The finance cost for the year was ₹125.61 lakh, while depreciation and amortisation expenses amounted to ₹51.84 lakh.

Financial Performance

The following table outlines the key financial metrics for the standalone entity for the year ended March 31, 2026:

Consolidated Results

The consolidated financial results, which include the figures of joint venture Shree Maruti & Associates Fire Protection Systems, reflected a similar trend. Consolidated revenue from operations for FY26 stood at ₹14,970.76 lakh, while net profit was ₹357.74 lakh. The auditors noted that the financial results of the joint venture, reflecting total assets of ₹44.28 lakhs and revenue of ₹39.58 lakhs, were management-drawn and not audited by them.

The company’s cash and cash equivalents increased to ₹264.23 lakh as of March 31, 2026, from ₹41.90 lakh in the previous year. Shareholders' equity, comprising share capital and reserves, stood at ₹2,551.49 lakh, up from ₹2,193.76 lakh in FY25.