Patil Automation half-year profit rises to Rs 11.14 crore

Patil Automation Limited reported unaudited consolidated profit after tax of Rs 11.14 crore for the half year ended September 30, 2026, up from Rs 7.54 crore a year earlier, as total income reached Rs 100.45 crore. The board approved the results on November 5, 2026.

How did Patil Automation's half-year earnings change?

Patil Automation's consolidated profit after tax increased by Rs 3.61 crore year on year to Rs 11.14 crore in the half year ended September 30, 2026. Profit before tax rose to Rs 15.02 crore from Rs 10.40 crore in the corresponding half year ended September 30, 2025, while total tax expense increased to Rs 3.88 crore from Rs 2.86 crore.

Total income rose by Rs 26.70 crore to Rs 100.45 crore from Rs 73.75 crore a year earlier. Income from operations increased to Rs 97.95 crore from Rs 71.26 crore, whereas other income was nearly unchanged at Rs 2.50 crore against Rs 2.49 crore. The increase in total income therefore came principally from operations.

Profit attributable to Patil Automation shareholders was Rs 10.88 crore for the September 2026 half year, compared with Rs 7.53 crore in the prior-year period. Minority interest was Rs 25.93 lakh, against Rs 42,000 a year earlier. Basic and diluted earnings per share, or EPS, were both Rs 4.99, compared with Rs 4.28 in the corresponding half year.

What costs changed during Patil Automation's income growth?

Patil Automation's total expenses rose to Rs 85.42 crore in the half year ended September 30, 2026 from Rs 63.34 crore a year earlier. The Rs 22.08 crore increase in expenses was lower than the Rs 26.70 crore increase in total income, while profit before tax rose by Rs 4.62 crore. The filing does not disclose a separate operating-profit measure.

Material consumption was the largest stated expense at Rs 73.03 crore, compared with Rs 35.76 crore in the September 2025 half year. Employee-benefit expense increased to Rs 17.16 crore from Rs 10.54 crore, other expenses rose to Rs 19.59 crore from Rs 11.47 crore, and depreciation and amortisation increased to Rs 3.48 crore from Rs 1.40 crore. Purchases of stock-in-trade were Rs 1.17 crore in the current half year.

Changes in inventories of finished goods and work in progress reduced reported expenses by Rs 29.99 crore in the 2026 half year, compared with an expense of Rs 2.99 crore a year earlier. Finance costs declined to Rs 97.30 lakh from Rs 1.19 crore. These disclosed movements, together with higher operating income, reconcile the difference between income growth and the increase in total expenses.

Does Patil Automation report separate business segments?

Patil Automation does not report separate business segments because the group says it is primarily engaged in industrial automation and has no separate reportable segments under Accounting Standard 17 on Segment Reporting. The filing therefore does not split the Rs 100.45 crore of half-year total income or Rs 11.14 crore of profit after tax by product, customer, geography or subsidiary.

The consolidated results include Pentaco Automation Private Limited, MII Robotics Private Limited and PAL Green Energy Private Limited. The independent auditor said subsidiary financial statements that it did not directly review included revenue of Rs 12.96 crore before consolidation adjustments for the period ended September 30, 2026. Its conclusion on those subsidiary amounts was based on financial statements reviewed by the subsidiaries' auditor, S B Ohara & Co.

GMCS & Co. issued a limited-review report on the unaudited consolidated results rather than an audit opinion. The auditor said nothing had come to its attention to indicate that the statement failed to disclose information required under Regulation 33 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015, or contained a material misstatement.

What did Patil Automation disclose about capital and IPO proceeds?

Patil Automation said it raised Rs 69.61 crore through its initial public offering, or IPO, and that its shares were listed on the National Stock Exchange's NSE Emerge platform on June 23, 2025. The notes refer to utilisation disclosures for the IPO proceeds in the half year ended September 30, 2026, although the supplied table does not show a complete object-wise utilisation breakdown.

The filing says a meeting held on October 3, 2026 approved a change in the object for remaining funds and extended the period for using unutilised IPO proceeds by three months, from September 30, 2026 to December 31, 2026. This is a timetable for the unutilised proceeds, not a forecast for income or profit.

The board, through a circular resolution dated October 23, 2026, allotted 18,24,000 warrants and 20,76,600 equity shares on a preferential basis. The instruments had a face value of Rs 10 each and were issued at Rs 246 per share, including a premium of Rs 236 per share. Listing of the equity shares was under process as of November 5, 2026.

Conclusion

The September 2026 half-year results show that Patil Automation increased consolidated total income by Rs 26.70 crore and profit after tax by Rs 3.61 crore from the corresponding prior-year period. Higher income from operations was accompanied by increases in material consumption, employee costs, other expenses and depreciation, while inventory movements reduced reported expenses by Rs 29.99 crore.

The next disclosed event to watch is December 31, 2026, the extended deadline for use of unutilised IPO proceeds after the approved change in the remaining-funds objective. Patil Automation also disclosed that listing of the 20,76,600 preferentially allotted equity shares remained under process as of November 5, 2026.