National Fittings Limited , a manufacturer of pipe fittings, has released its unaudited financial results for the quarter ended September 30, 2025, showcasing significant growth in both revenue and profitability.

Financial Highlights

Revenue and Profitability

National Fittings Limited reported a robust performance for the second quarter of fiscal year 2026. The company's net sales surged to ₹2,354.29 lakhs, marking a substantial increase of 26.02% compared to ₹1,868.20 lakhs in the corresponding quarter of the previous year.

The company's bottom line saw an even more impressive growth, with net profit more than doubling to ₹184.07 lakhs, up from ₹83.78 lakhs in Q2 FY2025. This represents a year-on-year increase of 119.71%.

Half-Year Performance

For the half-year period ended September 30, 2025:

• Net sales reached ₹4,422.48 lakhs
• Net profit stood at ₹446.31 lakhs

Earnings Per Share and Financial Position

The earnings per share (EPS) for the quarter improved significantly to ₹2.03, compared to ₹0.92 in the same period last year, reflecting the company's enhanced profitability.

As of September 30, 2025, National Fittings Limited maintained a strong liquidity position with cash and cash equivalents of ₹4,581.85 lakhs.

Business Segment

National Fittings Limited operates in a single business segment, focusing on the manufacturing of pipe fittings.

Board Approval and Audit Review

The unaudited financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on October 15, 2025. The statutory auditors have carried out a limited review of the financial results for the quarter and half-year ended September 30, 2025.

National Fittings Limited's strong performance in Q2 FY2026 demonstrates the company's ability to grow its revenue and improve profitability in the competitive pipe fittings industry.

National Fittings Limited has announced that its Independent Directors Committee has made recommendations regarding the open offer by Himgiri Castings Private Limited. The committee convened on September 6, 2025, to evaluate and provide guidance to public shareholders concerning the open offer and the pricing of equity shares.

Key Details of the Announcement

• Meeting Date: The Independent Directors Committee met on September 6, 2025.
• Purpose: To provide recommendations on the open offer and pricing of equity shares.
• Offeror: Himgiri Castings Private Limited
• Target Company: National Fittings Limited

Public Disclosure

National Fittings Limited ensured widespread dissemination of this crucial information by publishing advertisements in four newspapers on September 8, 2025:

1. Financial Express
2. Jansatta
3. Navshakthi
4. Dinakural

This multi-lingual approach (English, Hindi, and regional languages) demonstrates the company's commitment to reaching a diverse shareholder base and ensuring transparency in the open offer process.

Regulatory Compliance

The company has duly informed the Bombay Stock Exchange about this development through a formal communication. S. Aravinthan, the Company Secretary of National Fittings Limited, submitted the information to the stock exchange, adhering to regulatory disclosure requirements.

Implications for Shareholders

The recommendations provided by the Independent Directors Committee are crucial for public shareholders of National Fittings Limited. These insights can help shareholders make informed decisions regarding the open offer by Himgiri Castings Private Limited.

Shareholders and potential investors are advised to carefully review the committee's recommendations and consider them in light of their investment objectives before making any decisions regarding the open offer.

Next Steps

Interested parties should look out for further announcements from National Fittings Limited or regulatory bodies for more details on the open offer, including the offer price, timelines, and procedures for participating in the offer.

National Fittings Limited's proactive approach in communicating this development underscores its commitment to corporate governance and shareholder interests. As the situation evolves, stakeholders are encouraged to stay informed through official channels and seek professional advice if needed.