Board approves unaudited Q2 and H1 results; standalone profit for the period at Rs. 6,051.07 lakh
Board approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 3 min read
- Standalone Revenue from Operations (Q2)
- Rs. 1,14,389.13 lakh
- Standalone Profit for the Period (Q2)
- Rs. 6,051.07 lakh
- Basic and Diluted EPS (Q2)
- Rs. 2.51
Results approved at the board meeting
- The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
- The Audit Committee reviewed the results, and statutory auditors M/s Singhi & Co., Chartered Accountants, issued a limited review report on them.
- All figures below are in Rs. lakh, as printed, and are standalone unless stated.
Quarterly numbers: revenue up, profit lower
- 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, against Rs. 1,02,596.67 lakh.
- Total expenses: Rs. 1,08,087.02 lakh, against Rs. 92,295.92 lakh.
- Profit before exceptional items and tax: Rs. 8,317.37 lakh, against Rs. 10,300.75 lakh.
- Profit for the period: Rs. 6,051.07 lakh, against Rs. 8,723.25 lakh.
- Basic and diluted EPS: Rs. 2.51, against Rs. 3.62.
What pushed costs up
- Cost of raw materials consumed rose to Rs. 79,420.94 lakh from Rs. 73,028.00 lakh, the single largest expense line.
- Purchase of stock in trade: Rs. 9,886.58 lakh, against Rs. 510.26 lakh.
- Finance costs: Rs. 916.66 lakh; depreciation and amortisation: Rs. 3,550.62 lakh; employee benefits expense: Rs. 4,171.29 lakh.
- Current tax for the quarter: Rs. 1,988.34 lakh; deferred tax: Rs. 277.96 lakh.
Half year at a glance
- Revenue from operations: Rs. 2,29,155.86 lakh, against Rs. 2,14,052.86 lakh.
- Profit before exceptional items and tax: Rs. 24,798.82 lakh, against Rs. 31,938.04 lakh.
- Profit for the period: Rs. 18,417.79 lakh, against Rs. 26,102.68 lakh.
- Basic and diluted EPS: Rs. 7.63, against Rs. 10.82.
The consolidated picture
The consolidated statement shows the same Total income of Rs. 1,16,404.39 lakh for the quarter and Profit for the period of Rs. 6,051.07 lakh. In the year-ago quarter the consolidated statement had a share of profit from an associate of Rs. 169.37 lakh, taking the comparable profit figure to Rs. 8,892.62 lakh.
Balance sheet position (standalone)
- Total assets: Rs. 4,49,296.27 lakh as at September 30, 2026, against Rs. 4,26,961.86 lakh as at March 31, 2026.
- Capital work in progress rose to Rs. 59,812.56 lakh from Rs. 34,902.96 lakh, indicating spending on assets not yet in use.
- Borrowings: non-current Rs. 8,628.73 lakh and current Rs. 50,568.66 lakh.
- Inventories: Rs. 66,863.55 lakh, against Rs. 55,074.62 lakh.
- Cash and cash equivalents: Rs. 108.56 lakh, against Rs. 10,161.37 lakh.
- Total equity: Rs. 3,48,654.63 lakh.
Cash flow (standalone, half year)
- Net cash generated from operating activities: Rs. 9,081.33 lakh.
- Net cash used in investing activities: Rs. 21,851.48 lakh, which includes Rs. 27,311.52 lakh on purchase of fixed assets including intangibles and CWIP.
- Net cash generated from financing activities: Rs. 2,717.34 lakh.
Dividend note
A note in the results states that the Board, at its meeting held on May 05, 2026, had recommended a final dividend of Rs. 2/- per equity share of face value Rs. 10/- for the financial year 2025-2026, which was approved at the Annual General Meeting held on September 30, 2026.
Business background
A note describes the company as primarily engaged in manufacturing of steel and allied products including pellet, sponge iron, ingots and TMT Bars, with power generation and real estate operations not meeting the criteria for a separate operating segment.
How a retail investor can read this
The company earned more from operations than a year earlier in both the quarter and the half year, but Profit for the period was lower, with a much larger raw material bill and a higher stock-in-trade purchase line. Borrowings and capital work in progress both rose, so how quickly the new assets start contributing and how the raw material cost line moves in coming quarters are the numbers to track.
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More numbers
- Revenue from operations, Q2 standalone (Rs. lakh)1,14,389.13
- Total income, Q2 standalone (Rs. lakh)1,16,404.39
- Profit for the period, Q2 standalone (Rs. lakh)6,051.07
- Profit for the period, Q2 prior year standalone (Rs. lakh)8,723.25
- Revenue from operations, half year standalone (Rs. lakh)2,29,155.86
- Profit for the period, half year standalone (Rs. lakh)18,417.79
- Basic and diluted EPS, Q2 (Rs.)2.51
- Final dividend per equity shareRs. 2/-
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