Mumbai, Sept. 19 -- Total operating expenditure for the period under review was Rs 34.60 crore, up 16.1% YoY.

Profit before tax in Q1 FY27 stood at Rs 6.11 crore, up by 9.3% from Rs 5.59 crore in Q1 FY26.

The company's board has also approved a proposal for the purchase of approximately 6.5 acres of land situated at Jawale, Near Shirval, Taluka Khandala, Dist Satara, at a basic consideration not exceeding Rs 6 crore.

The said land parcel is being acquired to create additional capacity for Instrumentation Project Engineering (IPE) stainless-steel operations having distinct manufacturing and operational requirements which are presently being carried out along with other operations.

The board has also approved the establishment of wholly...