Steamhouse India hit a 10% upper circuit after reporting an 80% jump in Q1 net profit with sharply expanding margins in its first quarter as a listed company

Tue 6 Oct 2026

Net profit growth Q1

80 percent

Upper circuit

10 percent

EBITDA per ton

over 1000 rupees

Prior EBITDA per ton guidance

800 rupees

Revenue growth sequential

12 percent

Heard on business television between 10:41:10 - 10:44:10 IST.

• Steamhouse India reported an 80% jump in net profit in Q1, with margins expanding sharply.
• The stock was locked in a 10% upper circuit.
• Chairman and MD Vishal S. Budhia said EBITDA per ton rose to over 1,000 rupees versus a prior guidance of around 800 rupees, driven by operational leverage, better fuel purchase, improved boiler utilization and a favorable customer mix.
• He said Q2 is typically weaker than Q1 due to monsoon and wet fuel challenges, and Q1 performance is indicative of the next three quarters.
• Revenue grew 12% sequentially and 17% year-on-year, with about 99% of this quarter's growth coming from repeat customers, not new clientele shifting from coal or natural gas.

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