ANB Metal Cast September-half revenue rose 79%, profit 36%

ANB Metal Cast Limited reported revenue from operations of Rs 156.78 crore for the half year ended September 30, 2026, up 78.56% from the year-earlier half, while profit for the period increased 35.70% to Rs 11.53 crore. The company’s expenses grew faster than sales and operating cash flow remained negative amid higher receivables and inventories.

How did ANB Metal Cast perform in the September 2026 half year?

ANB Metal Cast recorded Rs 156.78 crore in revenue from operations in the half year ended September 30, 2026, compared with Rs 87.80 crore in the half year ended September 30, 2025. Other income was Rs 15.87 lakh, against Rs 92,000 a year earlier, taking total income to Rs 156.94 crore from Rs 87.81 crore. The company disclosed that it operates in one segment and therefore did not report a segment-wise revenue breakdown.

Profit before tax rose to Rs 15.40 crore from Rs 11.22 crore, while profit for the period increased to Rs 11.53 crore from Rs 8.49 crore. Basic and diluted earnings per equity share were both Rs 9.74, compared with Rs 8.96 in the September 2025 half year. The board approved the unaudited standalone results on November 5, 2026, after review by its audit committee.

ANB Metal Cast also reported a higher revenue figure than in the immediately preceding half year ended March 31, 2026, when revenue from operations was Rs 137.39 crore. However, profit for the period in the September 2026 half was below the Rs 12.97 crore reported for that March 2026 half. This sequential comparison shows that sales increased while the reported after-tax profit was lower than in the preceding six months.

Why did ANB Metal Cast’s profit rise more slowly than revenue?

ANB Metal Cast’s profit grew more slowly than revenue because total expenses rose 84.80%, exceeding the 78.56% increase in revenue from operations. Cost of materials consumed increased to Rs 135.50 crore from Rs 72.77 crore, accounting for most of the Rs 64.95 crore rise in total expenses. Materials consumption alone increased by Rs 62.73 crore over the year-earlier half.

Finance costs rose to Rs 2.12 crore from Rs 1.37 crore, employee benefits expense increased to Rs 1.28 crore from Rs 62.71 lakh, and other expenses rose to Rs 2.21 crore from Rs 1.41 crore. Depreciation and amortisation expense was Rs 42.35 lakh, compared with Rs 40.98 lakh. Current tax increased to Rs 3.77 crore from Rs 2.63 crore, while deferred tax was Rs 10.62 lakh against Rs 9.60 lakh.

ANB Metal Cast’s reported figures imply that profit before tax as a share of total income was 9.81% in the September 2026 half, down from 12.78% in the prior-year half. Profit for the period as a share of total income was 7.34%, compared with 9.67% a year earlier. These percentages are calculations based on reported total income, profit before tax and profit for the period; the company did not disclose margin targets.

What changed in ANB Metal Cast’s balance sheet?

ANB Metal Cast reported total assets of Rs 242.44 crore at September 30, 2026, up from Rs 183.33 crore at March 31, 2026. Trade receivables increased to Rs 103.91 crore from Rs 67.70 crore, while inventories rose to Rs 89.85 crore from Rs 70.15 crore. Those two current-asset categories together increased by Rs 55.90 crore during the six-month period.

Borrowings increased alongside the expansion in current assets. Long-term borrowings rose to Rs 19.90 crore from Rs 4.74 crore, and short-term borrowings increased to Rs 44.50 crore from Rs 42.71 crore. Trade payables owed to parties other than micro and small enterprises increased to Rs 51.80 crore from Rs 23.12 crore, while other current liabilities rose to Rs 3.06 crore from Rs 2.50 crore.

ANB Metal Cast’s reserves and surplus reached Rs 98.07 crore at September 30, 2026, compared with Rs 86.51 crore at March 31, 2026, while share capital was unchanged at Rs 11.83 crore. Property, plant and equipment increased to Rs 15.62 crore from Rs 14.10 crore, and capital work-in-progress rose to Rs 7.27 crore from Rs 5.82 crore. Cash and cash equivalents fell to Rs 1.54 crore from Rs 9.05 crore over the same period.

What does ANB Metal Cast’s cash flow show?

ANB Metal Cast reported net cash used in operating activities of Rs 19.07 crore for the half year ended September 30, 2026, compared with Rs 33.54 crore used in the corresponding 2025 half. Operating profit before working-capital changes increased to Rs 17.86 crore from Rs 13.00 crore. The operating cash-flow result nevertheless remained negative after changes in receivables, inventories and payables, as well as income-tax payments.

The cash-flow statement records a Rs 36.21 crore increase in receivables and a Rs 19.70 crore increase in inventories, both of which used cash. An increase in payables contributed Rs 22.74 crore, partly offsetting those uses. After an income-tax and other adjustment of Rs 3.77 crore, cash flow before extraordinary items was negative Rs 19.07 crore; the statement reported no proceeds from extraordinary items.

ANB Metal Cast used Rs 2.88 crore in investing activities, compared with Rs 13 lakh in the prior-year half. The September 2026 investing outflow included Rs 3.68 crore spent on fixed-asset purchases and Rs 29.63 lakh received from asset sales. Financing activities produced a Rs 14.43 crore net inflow, including Rs 14.76 crore from long-term borrowings and Rs 1.79 crore from short-term borrowings, before Rs 2.12 crore of interest paid.

Conclusion

ANB Metal Cast delivered sharply higher September-half revenue and higher profit, but the increase in expenses outpaced sales growth and reduced the rate of profit expansion. The balance sheet shows that receivables and inventories grew substantially, while higher long-term borrowing, short-term borrowing and payables helped support the enlarged working-capital position.

The next filings will show whether receivables of Rs 103.91 crore and inventories of Rs 89.85 crore convert into operating cash and whether borrowings change from the Rs 64.40 crore combined balance reported at September 30, 2026. The company also disclosed zero investor complaints received, disposed of or unresolved as of that date.