Earthstahl & Alloys Limited - Financial Results Disclosure

Key Financial Figures (Amounts in ₹ Lakhs)

Income Statement for Year Ended 31st March 2026 (Audited)

  • Total Income: ₹6,231.65
  • Revenue from Operations: ₹6,159.01
  • Other Income: ₹72.65
  • Total Expenses: ₹6,887.93
  • Cost of Material Consumed: ₹2,122.05
  • Purchases Stock in Trade: ₹274.88
  • Change in Inventory: ₹341.74
  • Power Charges: ₹2,657.25
  • Employee Benefit Expenses: ₹389.75
  • Finance Costs: ₹149.05
  • Depreciation and amortisation expenses: ₹313.06
  • Other expenses: ₹640.15
  • Loss from continuing operations before exceptional items: (₹656.28)
  • Exceptional items (Expense): (₹0.49)
  • Loss from continuing operations before tax: (₹656.77)
  • Tax Expense:
  • Deferred Tax: ₹168.04
  • Previous year tax adjustment: (₹1.08)
  • Net Loss from continuing operations after tax: (₹489.81)
  • Profit/ (Loss) for the period: (₹489.81)
  • Paid up equity share capital (Face value of Rs. 10 each): ₹1,224.00
  • Reserve & Surplus: ₹2,031.20
  • Earnings per share (Rs. 10/- each):
  • Basic: (₹4.00)
  • Diluted: (₹4.00)

Comparative Figures for Year Ended 31st March 2025 (Audited)

  • Total Income: ₹7,277.45
  • Profit for the period: ₹53.37
  • EPS Basic: ₹0.44
  • Reserve & Surplus: ₹2,521.00

Half-Year Ended 31st March 2026 (Unaudited, Reviewed)

  • Total Income: ₹2,805.32
  • Loss for the period: (₹170.68)
  • EPS: (₹1.39)

Operational and Strategic Updates

  • The company has been operating only one submerged arc furnace out of two since 1st November 2025 due to adverse market conditions.
  • The Government of India consolidated multiple labour legislations into four 'New Labour Codes', with Central Rules notified on 8th May 2026. State Rules are yet to be notified.
  • The company has estimated and recorded past service cost based on available information and external consultation. This cost was not material in size and was not reported as an exceptional item.

Segment-Wise Performance (Year Ended 31st March 2026)

  • Cast Iron Lumps: Revenue ₹252.63 Lakhs; Segment Result (Profit before tax and interest) ₹251.27 Lakhs.
  • Casting Articles (Foundry): Revenue ₹165.76 Lakhs; Segment Result ₹86.87 Lakhs.
  • Unallocated: Segment Result (₹466.10) Lakhs.

Statement of Assets and Liabilities (As at 31st March 2026)

  • Total Equity and Liabilities: ₹5,727.96
  • Shareholders' Funds: ₹3,255.20
  • Share Capital: ₹1,224.00
  • Reserve & Surplus: ₹2,031.20
  • Non-current Liabilities: ₹896.96
  • Long Term Borrowings: ₹864.02
  • Current Liabilities: ₹1,575.80
  • Short Term Borrowings: ₹624.08
  • Trade Payables: ₹725.39
  • Total Assets: ₹5,727.96
  • Non-current Assets: ₹4,394.81
  • Property, Plant & Equipment and Intangible Assets: ₹3,820.79
  • Current Assets: ₹1,333.15
  • Inventories: ₹1,066.57

Cash Flow Statement (Year Ended 31st March 2026)

  • Net Cash from Operating Activities: ₹448.49
  • Net Cash from Investing Activities: ₹45.04
  • Net Cash from Financing Activities: (₹491.35)
  • Cash and Cash Equivalent at period end: ₹7.90
  • Cash on hand: ₹3.52
  • Balances with Bank: ₹4.38

Governance and Compliance

  • The Board meeting was held on 30th May 2026, commencing at 12:30 p.m. and concluding at 5:30 p.m.
  • The results were reviewed by the Audit Committee and approved by the Board of Directors.
  • The statutory auditor, O.P. Bagla & Co. LLP (FRN-000018N/N500091), represented by CA Atul Aggarwal (Partner, Membership No-092656), issued an unmodified opinion on the annual financial results.
  • The figures for the half-year ended 31st March 2026 are the balancing figure between the audited full-year figures and the unaudited previous half-year figures.
  • The company operates in multiple segments.
  • The results are available on the company's website (www.earthstahl.com) and the stock exchange's website (www.bseindia.com).

Additional Filing

A separate declaration pursuant to Regulation 33(3)(d) was submitted, confirming that the Statutory Auditors issued an Audit Report with an unmodified opinion for the year ended 31st March 2026.