Financial and Operational Performance (Unaudited)

Q2 FY27 Highlights:

  • Revenue: Exceeded ₹200 crore, representing over 30% year-on-year growth from ₹156.43 crore in the comparable period
  • Sales Volume: 32,028 metric tonnes, showing 28.86% year-on-year growth from 24,855 metric tonnes

FY26 Financial Performance (Reference):

  • Total Income: ₹716.49 crore
  • EBITDA: ₹28.90 crore
  • PAT: ₹12.87 crore

Operational Updates

The company has successfully negotiated a reduction of approximately 450 basis points in the rate of interest with its existing lender. Additionally, the company has raised additional need-based funds to support business growth.

Future Targets and Strategy

Utilization Targets for FY27:

  • Rolling mill utilization: Targeting 55-60% (compared to ~51-52% in FY26)
  • Steel melting shop utilization: Targeted to be scaled up

Strategic Focus:

  • Emphasis on value-added products and margin optimization
  • Judicious product mix between stainless steel and TMT bars to reduce dependence on any single product category
  • Evaluating melting shop upgradation at the existing Ghaziabad facility with focus on increasing value-added products (VAP) portfolio

Company Background

Rathi Steel and Power Limited is headquartered in Ghaziabad, Uttar Pradesh, and is a leading manufacturer of stainless steel and mild steel long products. Established in 1971, the company operates a modern integrated facility spread across approximately 12.5 acres in the NCR region.

Production Capacity:

  • Steel melting capacity: ~85,000 tonnes per annum
  • Rolling capacity: ~200,000 tonnes per annum

Product Portfolio: Includes stainless steel billets, wire rods, and TMT bars. The company is India's only stainless-steel wire rod manufacturer using direct billet charging technology.

Important Notes

The Q2 FY27 numbers are unaudited and subject to review and approval by the Audit Committee, Board of Directors, and Statutory Auditors of the Company. The document contains forward-looking statements subject to risks and uncertainties including government actions, economic developments, and technological risks.