Integrated Filing — IndAS



General information about company

Scrip Code 539151
NSE Symbol ARFIN
MSEI Symbol NOTLISTED
ISIN INE784R01023
Name of company ARFIN INDIA LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 03-11-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 28-10-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Manufacturing and Trading of Ferrous & Non Ferrous Metals
Start date and time of board meeting 03-11-2026   10:00:00
End date and time of board meeting 03-11-2026   12:25:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 28,317.99 49,595.32
Other income 10.24 29.26
Total income 28,328.23 49,624.58
2 Expenses
(a) Cost of materials consumed 25,385.03 42,816.03
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (171.70) 1,252.88
(d) Employee benefit expense 272.87 527.70
(e) Finance costs 507.04 957.30
(f) Depreciation, depletion and amortisation expense 121.68 241.53
(f) Other Expenses
1 Power and Fuel 450.27 802.38
2 Other Expenses 1,045.34 1,845.14
Total other expenses 1,495.61 2,647.52
Total expenses 27,610.53 48,442.96
3 Total profit before exceptional items and tax 717.70 1,181.62
4 Exceptional items 0.00 0.00
5 Total profit before tax 717.70 1,181.62
6 Tax expense
7 Current tax 171.71 281.40
8 Deferred tax (50.94) (104.16)
9 Total tax expenses 120.77 177.24
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 596.93 1,004.38
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 596.93 1,004.38
17 Other comprehensive income net of taxes 0.00 0.00
18 Total Comprehensive Income for the period 596.93 1,004.38
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0.00 0.00
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0.00 0.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 1,687.22 1,687.22
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.35 0.6
Diluted earnings (loss) per share from continuing operations 0.35 0.6
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.35 0.6
Diluted earnings (loss) per share from continuing and discontinued operations 0.35 0.6
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The above Unaudited Consolidated Financial Results have been reviewed by the Audit Committee and approved and taken on record by the Board of Directors in their meetings held on Tuesday, November 03, 2026. The Statutory auditors have carried out Limited Review for the above Unaudited Consolidated Financial Results. The Statutory Auditors have expressed an unqualified/unmodified report. 2. The Standalone and Consolidated financial results have been prepared in accordance with the Indian Accounting Standards (IND AS) notified under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 as amended and other Accounting Principles generally accepted in India. 3. Figures for the previous periods are Re-classified / Re-arranged / Re-grouped, wherever necessary, to correspond with the current period's Classification / Disclosure. 4. The Managing Director and Chief Financial Officer certificate in respect of the above results in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 has been placed before the board of directors. 5. The Company has elected to exercise the option (concessional rate) permitted under Section 200 of the Income Tax Act, 2025. Accordingly, the company has recognized Provision for Income Tax and re-measured its Deferred Tax Assets/Liabilities based on the rates prescribed in the said section. 6. The Company does not have any Exceptional or Extra Ordinary items to report for the above periods. 7. The Board of Directors at their meeting held on September 18, 2026 declared an interim dividend of Rs. 0.12 (@12%) per equity share of Rs. 1 each for the Financial year 2026-2027. 8. The Company has only one reportable primary business segment as per IND AS 108 i.e. manufacturing and trading of ferrous & non-ferrous metals.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026
Date of end of reporting period 30-09-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 7,378.51
Capital work-in-progress 68.13
Investment property 0.00
Goodwill 0.00
Other intangible assets 0.00
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 0.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Other non-current financial assets 90.58
Total of other non-current financial assets 90.58
Total non-current financial assets 90.58
Deferred tax assets (net) 0.00
Other non-current assets
1 Other non-current assets 63.74
Total of other non-current assets 63.74
Total non-current assets 7,600.96
2 Current assets
Inventories 24,684.12
Current financial asset
Current investments 2.77
Trade receivables, current 5,467.12
Cash and cash equivalents 56.07
Bank balance other than cash and cash equivalents 856.84
Loans, current 1,011.68
Other current financial assets
Total of other current financial assets 0.00
Total current financial assets 7,394.48
Current tax assets (net) 0.00
Other current assets
1 Other current assets 3,075.31
Total of other current assets 3,075.31
Total current assets 35,153.91
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 42,754.87
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,687.22
Other equity 16,149.37
Total equity attributable to owners of parent 17,836.59
Non controlling interest 0.00
Total equity 17,836.59
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 720.79
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
Total of other non-current financial liabilities
Total non-current financial liabilities 720.79
Provisions, non-current 67.83
Deferred tax liabilities (net) 772.12
Deferred government grants, Non-current 0.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 1,560.74
Current liabilities
Current financial liabilities
Borrowings, current 10,388.80
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 795.59
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 11,517.68
Total Trade payable 12,313.27
Other current financial liabilities
1 Other current financial liabilities 135.71
Total of other current financial liabilities 135.71
Total current financial liabilities 22,837.78
Other current liabilities 181.68
1 Other current liabilities 181.68
Total of other current liabilities 181.68
Provisions, current 338.08
Current tax liabilities (Net) 0.00
Deferred government grants, Current 0.00
Total current liabilities 23,357.54
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 24,918.28
Total equity and liabilites 42,754.87
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2026 01-04-2026
Date of end of reporting period 30-09-2026 30-09-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 0.00 0.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026
B Date of end of reporting period 30-09-2026
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1,181.62
Adjustments for reconcile profit (loss)
Adjustments for finance costs 957.30
Adjustments for decrease (increase) in inventories (2,402.37)
Adjustments for decrease (increase) in trade receivables, current (3,163.82)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 3.59
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 6,762.24
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities (1.39)
Adjustments for depreciation and amortisation expense 241.53
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 23.94
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 2,373.14
Net cash flows from (used in) operations 3,554.76
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 308.13
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 3,246.63
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 273.73
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 23.94
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 4.89
Net cash flows from (used in) investing activities (244.90)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 1,817.01
Payments of lease liabilities 0.00
Dividends paid 202.47
Interest paid 957.30
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (2,976.78)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 24.95
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 24.95
Cash and cash equivalents cash flow statement at beginning of period 31.12
Cash and cash equivalents cash flow statement at end of period 56.07





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Raman M. Jain & Co. Yes 31-12-2028