<h1>Indo Farm Equipment Releases Q2 Results; Appoints Internal Auditor for Three Years</h1>
Indo Farm Equipment Limited has announced the approval of its unaudited financial results for the quarter ending June 30, 2026, and appointed a new Internal Auditor. The company also approved the notice for its upcoming Annual General Meeting (AGM).
The Board meeting, held on August 8, 2026, considered several key matters related to the company's financial health and internal structure. In addition to approving the interim results, the directors formalized the appointment of Mr. Saravjit Singh as the Internal Auditor for a period spanning Financial Years 2026-27 through 2028-29.
Q2 Consolidated Financial Highlights
The company's financial performance for the quarter ended June 30, 2026, demonstrated key figures across its operations and financing activities. The following table summarizes the un-audited consolidated results:| Particulars | Value (₹ in Lakhs) |
|---|---|
| Revenue from Operations | 11,024.30 |
| Other Income | 105.05 |
| Total Income | 11,129.35 |
| Total Expenses | 10,345.54 |
| Profit Before Tax | 783.81 |
| Total Tax Expense | 218.06 |
| Profit After Tax (PAT) | 565.74 |
The unaudited results were subjected to a Limited Review Report from Statutory Auditors, which found that nothing came to their attention that caused them to believe the statement was materially misstated or failed to disclose required information.
Segment Performance Breakdown
Indo Farm Equipment also reported segment-wise operational data for the quarter ended June 30, 2026 (figures in ₹ Lakhs). The segments reviewed include Cranes, Tractor, Others, and NBFC.| Segment | Revenue from Operations | Profit Before Tax (PBT) |
|---|---|---|
| Cranes | 5,285.68 | 705.92 |
| Tractor | 5,207.54 | 1,170.65 |
| Others (Including NBFC) | 531.09 | 783.81 |
IPO Proceeds Utilization
The company also provided details regarding the utilization of net proceeds from its Initial Public Offering (IPO), which occurred in Financial Year 2024-25. The planned net proceeds aggregated to ₹1,365 crore, with usage detailed below:| Objectives as per Prospectus | Planned Net Proceeds | Actual Net Proceeds | Utilization up to June 30, 2026 | Unutilized Amount |
|---|---|---|---|---|
| Setting up new Dedicated Unit for Expansion of Pick & Carry Cranes Manufacturing Capacity | 7,007.40 | 7,007.40 | 2,540.00 | 4,467.00 |
| Repayment or pre-payment of borrowings | 5,000.00 | 5,000.00 | 5,000.00 | — |
| Further Investment in NBFC Subsidiary (Barota Finance Ltd.) | 4,500.00 | 4,500.00 | 4,500.00 | — |
| General Corporate Purpose | 299.30 | 299.30 | 286.90 | 12.40 |
INDOFARM Stock Price Movement
Shares of Indo Farm Equipment Limited slipped by 3.03% to settle at ₹158.97 on Friday, continuing a downward trend from the previous close. The stock saw trading activity of 171,066 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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