Financial Results - Standalone (₹ Lakhs)

Income Statement:

  • Revenue from operations: ₹8,755.95 Cr (Q1 FY27) vs ₹8,589.29 Cr (Q1 FY26) and ₹9,540.09 Cr (Q4 FY26)
  • Government grants: ₹11.44 Cr (Q1 FY27) vs ₹0 (Q1 FY26) and ₹48.49 Cr (Q4 FY26)
  • Other income: ₹315.58 Cr (Q1 FY27) vs ₹734.64 Cr (Q1 FY26) and ₹456.74 Cr (Q4 FY26)
  • Total income: ₹8,798.95 Cr (Q1 FY27) vs ₹8,662.76 Cr (Q1 FY26) and ₹9,634.26 Cr (Q4 FY26)

Expenses:

  • Cost of materials consumed: ₹6,671.44 Cr (Q1 FY27) vs ₹7,149.53 Cr (Q1 FY26) and ₹7,477.34 Cr (Q4 FY26)
  • Employee benefit expense: ₹119.43 Cr (Q1 FY27) vs ₹98.98 Cr (Q1 FY26) and ₹118.42 Cr (Q4 FY26)
  • Finance costs: ₹219.28 Cr (Q1 FY27) vs ₹202.09 Cr (Q1 FY26) and ₹224.93 Cr (Q4 FY26)
  • Depreciation: ₹114.21 Cr (Q1 FY27) vs ₹111.89 Cr (Q1 FY26) and ₹110.76 Cr (Q4 FY26)

Profitability:

  • Profit before tax: ₹584.27 Cr (Q1 FY27) vs ₹366.14 Cr (Q1 FY26) and ₹747.89 Cr (Q4 FY26)
  • Tax expense: ₹143.63 Cr (Q1 FY27) vs ₹90.69 Cr (Q1 FY26) and ₹190.03 Cr (Q4 FY26)
  • Net profit: ₹440.64 Cr (Q1 FY27) vs ₹275.45 Cr (Q1 FY26) and ₹557.86 Cr (Q4 FY26)
  • EPS: ₹6.44 (Q1 FY27) vs ₹4.02 (Q1 FY26) and ₹8.10 (Q4 FY26)

Financial Results - Consolidated (₹ Lakhs)

Income Statement:

  • Revenue from operations: ₹10,405.48 Cr (Q1 FY27) vs ₹10,081.39 Cr (Q1 FY26) and ₹11,882.43 Cr (Q4 FY26)
  • Total income: ₹10,500.69 Cr (Q1 FY27) vs ₹10,257.58 Cr (Q1 FY26) and ₹12,033.13 Cr (Q4 FY26)

Profitability:

  • Profit before tax: ₹663.27 Cr (Q1 FY27) vs ₹431.53 Cr (Q1 FY26) and ₹931.47 Cr (Q4 FY26)
  • Net profit attributable to owners: ₹479.80 Cr (Q1 FY27) vs ₹315.57 Cr (Q1 FY26) and ₹710.06 Cr (Q4 FY26)
  • EPS: ₹7.01 (Q1 FY27) vs ₹4.61 (Q1 FY26) and ₹10.37 (Q4 FY26)

Significant Events

IPO Completion:

  • Completed Initial Public Offering on October 1, 2026
  • Issued 1,00,03,990 equity shares of face value ₹10 each at issue price of ₹405 per share
  • Fresh issue: 87,69,423 equity shares aggregating ₹3,549.99 Cr
  • Offer for sale: 12,34,567 equity shares by selling shareholders aggregating ₹500.00 Cr
  • Shares listed on NSE and BSE

Fire Incidents:

1. October 8, 2026 Fire: Occurred at approximately 01:27 AM at Furnace-4 of Ferro Plant in Chikantapur, Ballari, Karnataka. Fire was extinguished, cause under investigation. Assessment of damage/loss ongoing. Assets insured, potential coverage subject to policy terms.

2. May 27, 2024 Fire: Occurred at Gauribidanur plant, damaging furnace (PPE) with estimated loss of ₹443.69 lakhs. Furnace recommissioned on July 7, 2024. Received interim insurance settlement of ₹52.68 lakhs in FY 2025-26. Balance claim under review by insurer.

Segment Information

The Group has two reportable segments:

  • India Operations: Manufacturing and trading of iron and steel products
  • Foreign Operations: Trading of iron and steel products

Q1 FY27 Segment Performance:

  • India Operations Revenue: ₹9,967.80 Cr
  • Foreign Operations Revenue: ₹603.30 Cr
  • India Operations Profit: ₹655.40 Cr
  • Foreign Operations Profit: ₹7.87 Cr

Capital Structure

  • Paid-up equity share capital: ₹684.65 Cr (68.4653 million shares of ₹10 each)
  • Reserves (Other Equity): ₹7,700.39 Cr (consolidated)