Board approves unaudited Q2 and H1 results; quarterly profit at Rs. 6,051.07 lakh
Board met on 19 October 2026 (4:30 p.m. to 11:00 p.m.) and approved unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026.
By ScoutQuest · · 2 min read
- Q2 revenue from operations
- Rs. 1,14,389.13 lakh, against Rs. 1,01,275.02 lakh a year earlier
- Q2 profit for the period
- Rs. 6,051.07 lakh, against Rs. 8,723.25 lakh a year earlier
- Q2 basic and diluted EPS
- Rs. 2.51
What was approved
The board met on 19 October 2026 from 4:30 p.m. to 11:00 p.m. and approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, together with the limited review report of the statutory auditors, Singhi & Co., Chartered Accountants. The results were reviewed by the Audit Committee and approved by the board.
Standalone quarter (Q2 FY27)
- Revenue from operations: Rs. 1,14,389.13 lakh, against Rs. 1,01,275.02 lakh in the same quarter a year earlier.
- Total income: Rs. 1,16,404.39 lakh, which includes other income of Rs. 1,815.24 lakh.
- Cost of raw materials consumed: Rs. 79,420.94 lakh, against Rs. 73,028.00 lakh a year earlier.
- Finance costs: Rs. 916.66 lakh; depreciation and amortisation: Rs. 3,550.62 lakh.
- Profit before tax: Rs. 8,317.37 lakh; total tax expense Rs. 2,266.30 lakh.
- Profit for the period: Rs. 6,051.07 lakh, against Rs. 8,723.25 lakh a year earlier. In the immediately preceding quarter (ended 30 June 2026) it was Rs. 12,366.74 lakh.
- Basic and diluted EPS: Rs. 2.51 for the quarter, against Rs. 3.62 a year earlier.
Half year (H1 FY27)
- Revenue from operations: Rs. 2,29,155.86 lakh (H1 FY26: Rs. 2,14,052.86 lakh).
- Profit for the half year: Rs. 18,417.79 lakh (H1 FY26: Rs. 26,102.68 lakh); EPS Rs. 7.63.
- On a consolidated basis, profit for the half year was Rs. 18,417.78 lakh and total income for the quarter was Rs. 1,16,404.39 lakh.
Balance sheet snapshot (standalone, as at 30 September 2026)
- Total assets: Rs. 4,49,296.27 lakh.
- Equity share capital: Rs. 24,128.09 lakh; other equity Rs. 3,24,526.54 lakh.
- Non-current borrowings: Rs. 8,628.73 lakh; current borrowings: Rs. 50,568.66 lakh.
- Inventories: Rs. 66,863.55 lakh.
Cash flow (standalone, H1 FY27)
- Net cash generated from operating activities: Rs. 9,081.33 lakh.
- Purchase of fixed assets including intangibles and capital work in progress: Rs. 27,311.52 lakh.
- Net cash used in investing activities: Rs. 21,851.48 lakh.
- Net cash generated from financing activities: Rs. 2,717.34 lakh.
- Cash and cash equivalents at the end of the period: Rs. 108.56 lakh.
Business and dividend notes
- The company is primarily engaged in manufacturing steel and allied products including pellet, sponge iron, ingots and TMT bars.
- The board had recommended a final dividend of Rs. 2/- per equity share of face value Rs. 10/- for FY2025-26, which was approved at the Annual General Meeting held on 30 September 2026.
What stands out in the numbers
Revenue for the quarter is higher than the same quarter a year earlier, while profit for the quarter is lower than both the same quarter last year and the immediately preceding quarter. Raw material consumption and purchase of stock in trade are the largest expense lines, so movement in input costs is the main item to track.
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More numbers
- Revenue from operations, Q2 FY27, standalone (Rs. lakh)1,14,389.13
- Revenue from operations, Q2 FY26, standalone (Rs. lakh)1,01,275.02
- Profit for the period, Q2 FY27, standalone (Rs. lakh)6,051.07
- Profit for the period, Q2 FY26, standalone (Rs. lakh)8,723.25
- Profit for the half year ended 30 Sep 2026, standalone (Rs. lakh)18,417.79
- Basic and diluted EPS, Q2 FY27 (Rs.)2.51
- Total assets, standalone, as at 30 Sep 2026 (Rs. lakh)4,49,296.27
- Net cash generated from operating activities, H1 FY27, standalone (Rs. lakh)9,081.33
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