Board approves June 2026 quarter results; auditors give unmodified review conclusion
Board met on 24 October 2026 and approved the unaudited standalone and consolidated financial results for the quarter ended 30 June 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 46,306.12 | 45,928.43 | +0.8% | 44,908.86 | +3.1% |
| Total income | 46,760.71 | 46,106.41 | +1.4% | 45,067.36 | +3.8% |
| Profit before tax | 3,175.51 | 3,147.40 | +0.9% | 3,618.15 | −12.2% |
| Profit after tax | 2,163.71 | 2,276.66 | −5% | 2,529.48 | −14.5% |
| Total comprehensive income | 2,170.41 | 2,281.59 | −4.9% | 2,538.17 | −14.5% |
| Basic EPS | 4.02 | 4.29 | −6.3% | 4.67 | −13.9% |
- PAT YoY change
- −5%
- Period
- Three Months Ended June 30, 2026
Auditor's review
Conclusion: Unmodified
- Attention drawn: figures for quarters ended June 30, 2025 and March 31, 2026 were compiled and approved by management but not subjected to review.
Notes to the results
- Holding Company holds 35,66,200 of 36,61,200 equity shares (97.41%) of subsidiary German TMT Private Limited; balance 2.59% shown as non-controlling interest.
- Subsequent to quarter end, IPO of 2,18,63,309 shares at Rs. 139 completed: fresh issue Rs. 29,000.00 lakhs and OFS Rs. 1,390.00 lakhs; listed on NSE and BSE on October 05, 2026.
What the board approved
- The board met on 24 October 2026 and approved the unaudited standalone and consolidated financial results for the quarter ended 30 June 2026.
- The results were recommended by the Audit Committee and have been reviewed by the statutory auditors, Talati & Talati LLP and S A M A S & Associates.
- The auditors issued an unmodified conclusion: nothing came to their attention that caused them to believe the statements were misstated or had not disclosed what the listing rules require.
- The company manufactures iron and steel products, mainly TMT bars, MS billets and sponge iron, and reports a single segment.
The headline numbers (as printed, in Rs. lakhs)
- Standalone 'Revenue from operations': Rs. 31,252.90 lakhs; 'Net Profit after tax': Rs. 1,801.63 lakhs.
- Consolidated 'Revenue from operations': Rs. 46,306.12 lakhs; 'Net Profit after tax': Rs. 2,103.71 lakhs.
- Consolidated Basic & Diluted EPS: Rs. 4.02.
- Consolidated figures are larger than standalone because they include the subsidiary, German TMT Private Limited, in which the holding company holds a majority stake.
What happened after the quarter
- The company completed an initial public offering of equity shares at an issue price of Rs. 139 per share, which included a share premium over the face value.
- The fresh issue of ~2.09 crore equity shares aggregated to Rs. 29,000.00 lakhs.
- The shares were allotted on 30 September 2026 and listed on NSE and BSE on 05 October 2026.
- Earnings per share for the periods shown was computed on the weighted average number of shares outstanding before the IPO, so the per-share figures are not restated for the newly issued shares.
Points a retail investor may want to weigh
- These are unaudited results, but they have been subjected to a limited review by the auditors — a narrower exercise than a full audit.
- The comparative figures for the quarter ended 30 June 2025 and the preceding quarter ended 31 March 2026 were approved by management but were not subjected to review, as the company was not listed then.
- The company reported a single reportable segment, so there is no separate segment-wise revenue or profit break-up in the results.
- The numbers above are for a quarter that ended before the company's shares began trading, so this is the first set of quarterly results being reported to the exchanges as a listed entity.
How this can be read
The update is a routine quarterly results disclosure with a clean review conclusion from the auditors. It gives investors a first quantified look, on both standalone and consolidated basis, at revenue, profit and earnings per share, plus the details of the just-completed public issue.
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More numbers
- Standalone Revenue from operationsRs. 31,252.90 lakhs
- Standalone Net Profit after taxRs. 1,801.63 lakhs
- Consolidated Net Profit after taxRs. 2,103.71 lakhs
- IPO issue price per equity shareRs. 139 per share
- Fresh issue sizeRs. 29,000.00 lakhs
- Fresh issue equity shares2,08,63,309
- Total income, latest quarter46,760.71 (Rs. in lakhs)
- Total income, year-ago quarter46,106.41 (Rs. in lakhs)
- Total income, previous quarter45,067.36 (Rs. in lakhs)
- Total comprehensive income, latest quarter2,170.41 (Rs. in lakhs)
- Total comprehensive income, year-ago quarter2,281.59 (Rs. in lakhs)
- Total comprehensive income, previous quarter2,538.17 (Rs. in lakhs)
- Profit after tax, latest quarter2,163.71 (Rs. in lakhs)
- Profit after tax, year-ago quarter2,276.66 (Rs. in lakhs)
- Profit after tax, previous quarter2,529.48 (Rs. in lakhs)
- Revenue from operations, latest quarter46,306.12 (Rs. in lakhs)
- Revenue from operations, year-ago quarter45,928.43 (Rs. in lakhs)
- Revenue from operations, previous quarter44,908.86 (Rs. in lakhs)
- Profit before tax, latest quarter3,175.51 (Rs. in lakhs)
- Profit before tax, year-ago quarter3,147.40 (Rs. in lakhs)
- Profit before tax, previous quarter3,618.15 (Rs. in lakhs)
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