Magnus Steel Up 5% on ₹32 Order

Magnus Steel shares surged 5% to Rs 202.70, hitting the upper circuit after a ₹32.5 crore order tied to Tata Motors projects.
The order from RIECO Industries includes Rs 8.5 crore already recognized revenue and a Rs 24 crore pipeline expected to boost FY 2026‑27 earnings.
Magnus Steel’s FY 2026‑27 revenue visibility improves, diversifying into automotive infrastructure and reducing reliance on agro‑product trading.
Q4 FY26 results showed revenue up 386% to Rs 7.14 crore, EBITDA up 424% to Rs 1.52 crore, and net profit up 591% to Rs 1.52 crore.