Q2 FY27 media release: revenue over ₹200 Cr, sales volume 32,028 MT, up 28.86% YoY

Media release on Q2 FY27 (quarter ended 30 Sept 2026) operational performance.

Wed 7 Oct 2026

Revenue

over ₹200 Cr, up 30%+ YoY from ₹156.43 Cr

Sales Volume

32,028 MT, up 28.86% from 24,855 MT

Interest Rate Negotiation

Interest rate on existing lender debt negotiated down by about 450 bps

What the company shared

Rathi Steel and Power has submitted a copy of a media release on its operational performance for the second quarter ended 30 September 2026. The release carries unaudited numbers for the quarter, put out ahead of the official announcement of the financial results, and is subject to review and approval by the Audit Committee, Board of Directors and Statutory Auditors of the company.

Q2 FY27 figures as stated

• Revenue: over ₹200 Cr, a growth of 30%+ over ₹156.43 Cr in the same quarter a year earlier
• Sales volume: 32,028 MT, up 28.86% from 24,855 MT

Because these figures are described as unaudited, they are an early view of the quarter; the official results that follow are the reviewed numbers a reader would compare against.

Interest cost

• The company says it has successfully negotiated a reduction of about 450 bps in the rate of interest with its existing lender, alongside raising additional need-based funds to support business growth.

For a manufacturer, a lower interest rate on existing debt affects finance cost, and additional need-based funds change the borrowing base — both feed into how the operating performance translates into profit.

Stated direction

• Targeting 55–60% rolling mill utilisation in FY27
• Steel melting shop utilisation targeted to be scaled up
• Focus remains on value-added products and margin optimisation, with a judicious product mix between stainless steel and TMT bars to reduce dependence on any one product category
• Evaluating melting shop upgrade at the existing Ghaziabad facility, with a focus on increasing the value-added products (VAP) portfolio

Points to keep in mind

• The revenue and volume numbers are operating numbers for the quarter, released before the official results, and the interest rate reduction and additional fund raising are described as negotiated with the existing lender.
• The utilisation target, the product mix plan and the melting shop evaluation are forward-looking statements. The release notes that such statements carry risks and uncertainties including government actions, political or economic developments and technological risks, and that the company is not obliged to update them.
• The two headline operating trends in the release are the revenue growth of 30%+ and the volume growth of 28.86%, to be read along with the 450 bps interest rate reduction the company reports.

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