W H Brady & Company reported a sharp decline in profitability for the financial year ended March 31, 2026, with standalone net profit falling 71.66% year-on-year to ₹89.75 lakh from ₹316.67 lakh in FY25.

The decline in earnings coincided with a 26.74% drop in revenue from operations, which stood at ₹2,160.96 lakh compared to ₹2,949.76 lakh in the previous fiscal. The company attributed the lower turnover to macroeconomic headwinds and slowing consumer demand.

Consolidated Performance

On a consolidated basis, the group’s net profit fell 76.17% to ₹647.25 lakh from ₹2,717.64 lakh in FY25. Consolidated revenue from operations decreased 15.76% to ₹8,857.33 lakh from ₹10,514.37 lakh.

The subsidiary, Brady & Morris Engineering Company Limited, contributed significantly to the group’s bottom line, reporting a net profit of ₹557.48 lakh against a turnover of ₹7,310.55 lakh.

What the Numbers Show

A key divergence in the financials is the contrast between declining operational revenues and rising other income. While revenue from operations dropped nearly 27%, other income remained robust at ₹397.18 lakh (down only 10.07% from ₹441.68 lakh). Interest income alone accounted for ₹154.62 lakh, suggesting that investment returns continue to cushion the impact of weaker core trading and rental activities.

AGM and Related Party Transactions

The company has scheduled its 113th Annual General Meeting for September 26, 2026, to be held via video conferencing. Shareholders will be asked to approve material related party transactions involving loans, guarantees, or security for Brady & Morris Engineering Company Limited, with an aggregate value not exceeding ₹300 crore per financial year until FY36.

The board also recommended the re-appointment of Mr. Cyrus Vachha as an Independent Director for a second term of five years, effective September 29, 2026. No dividend was declared for FY26.

W H Brady & Company Limited reported a significant turnaround in profitability for the first quarter of FY27, with standalone net profit rising to ₹172.05 lakh for the quarter ended June 30, 2026. This marks a sharp improvement from the net loss of ₹107.70 lakh recorded in the corresponding period of FY26. The company’s consolidated net profit was reported at ₹249.24 lakh, down slightly from ₹261.64 lakh in Q1FY26.

Standalone revenue from operations expanded by 41.6% year-on-year to ₹1,090.71 lakh, up from ₹770.21 lakh in the previous fiscal's first quarter. On a consolidated basis, however, total income from operations contracted by 14% to ₹2,270.32 lakh, compared to ₹2,638.36 lakh in Q1FY26.

Financial Performance

The company’s earnings per share (EPS) on a standalone basis were ₹6.75, a notable shift from the loss per share of ₹4.22 in Q1FY25. Consolidated EPS stood at ₹9.77, down from ₹10.26 in the prior year period.

What the Numbers Show

A key divergence exists between the parent company and its consolidated group performance. While the standalone entity achieved a 41.6% revenue growth and swung to profitability, the consolidated revenue declined by 14%. This suggests that the subsidiary, Brady & Morris Engineering Company Limited, faced headwinds that offset the parent company's operational gains during the quarter.

Taxation Update

The company disclosed a change in its tax provisioning strategy following the introduction of the Income Tax Act, 2025. With effect from April 1, 2026, the parent company opted for taxation under Section 201 of the New Act. Consequently, the current tax provision for Q1FY27 was calculated at a rate of 22%, along with applicable surcharge and cess. The company also claimed Minimum Alternate Tax (MAT) credit out of the unprovided limit, up to 25% of the current quarter's tax liability.

The Board of Directors approved the unaudited financial results at its meeting held on August 13, 2026.