The Board of Directors of A-One Steels India Limited held a meeting on November 13, 2026, which commenced at 17:00 IST and concluded at 18:30 IST. The Board approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, in compliance with SEBI Listing Regulations 30 and 33.
Financial Performance (Standalone)
Quarter Ended September 30, 2026 (Q2 FY27):
- Revenue from operations: ₹919.70 crore (vs ₹808.67 crore in Q2 FY25)
- Total income: ₹923.01 crore (vs ₹810.72 crore in Q2 FY25)
- Profit before tax: ₹346.22 crore (vs ₹232.54 crore in Q2 FY25)
- Profit after tax: ₹251.58 crore (vs ₹164.64 crore in Q2 FY25)
- EPS: ₹3.65 (vs ₹2.40 in Q2 FY25)
Half Year Ended September 30, 2026 (H1 FY27):
- Revenue from operations: ₹1,795.30 crore (vs ₹1,667.60 crore in H1 FY25)
- Total income: ₹1,802.91 crore (vs ₹1,676.99 crore in H1 FY25)
- Profit before tax: ₹930.49 crore (vs ₹598.68 crore in H1 FY25)
- Profit after tax: ₹692.22 crore (vs ₹440.09 crore in H1 FY25)
- EPS: ₹10.08 (vs ₹6.43 in H1 FY25)
Balance Sheet (Standalone as of September 30, 2026):
- Total assets: ₹3,113.18 crore (vs ₹2,602.50 crore as of March 31, 2026)
- Equity share capital: ₹77.23 crore (vs ₹68.47 crore as of March 31, 2026)
- Reserves: ₹1,081.40 crore (vs ₹690.21 crore as of March 31, 2026)
- Cash and cash equivalents: ₹360.88 crore (vs ₹10.64 crore as of March 31, 2026)
Financial Performance (Consolidated)
Quarter Ended September 30, 2026 (Q2 FY27):
- Revenue from operations: ₹1,056.29 crore
- Total income: ₹1,065.60 crore
- Profit before tax: ₹503.31 crore
- Profit after tax: ₹536.80 crore
- EPS: ₹7.73
Half Year Ended September 30, 2026 (H1 FY27):
- Revenue from operations: ₹2,096.83 crore
- Total income: ₹2,115.67 crore
- Profit before tax: ₹1,166.57 crore
- Profit after tax: ₹1,015.33 crore
- EPS: ₹14.74
Key Events and Disclosures
1. IPO Completion: The company completed its Initial Public Offering (IPO) in Q2 FY27, issuing 100,03,990 equity shares of face value ₹10 each at an issue price of ₹405 per share (including a premium of ₹395 per share). The issue comprised:
- Fresh issue: 87,69,423 equity shares aggregating ₹355 crore
- Offer for sale: 12,34,567 equity shares by selling shareholders aggregating ₹50 crore
- Shares listed on NSE and BSE on October 1, 2026
2. IPO Proceeds Utilization: As of September 30, 2026, the entire ₹355 crore from fresh issue remains unutilized and is held in Axis Bank Public Offer Account, with planned utilization for:
- Debt repayment: ₹250 crore
- General corporate purpose: ₹75.86 crore
- Offer issue expenses: ₹29.14 crore
3. Fire Incident: A fire occurred on October 8, 2026, at Furnace-4 of the company's Ferro Plant in Chikantapur, Ballari, Karnataka. The incident is under investigation, and the company is assessing insurance coverage for potential losses.
4. Insurance Settlement: The company received ₹82.80 lakh in August 2026 as final settlement for a May 2024 fire incident at its Gauribidanur plant, bringing total insurance recovery to ₹135.48 lakh for this fully settled claim.
5. Subsidiaries: The consolidated results include financials from multiple subsidiaries including A-One Gold Pipes and Tubes Private Limited, A-One Gold Singapore Pte Limited, and others.
Auditor Review
Singhi & Co., Chartered Accountants, issued limited review reports for both standalone and consolidated financial results, stating nothing came to their attention suggesting material misstatement. The review was conducted in accordance with SRE 2410.