Earthstahl & Alloys Limited H1 FY27 Financial Results Disclosure

Meeting Details

The Board meeting commenced at 11:30 a.m. and concluded at 05:45 p.m. on 13th November 2026.

Financial Results Overview (Standalone, Rs. in Lakhs)

Income Statement Highlights:

  • Revenue from Operations: ₹2,168.63 (H1 FY27) vs ₹3,391.57 (H1 FY26) - 36.1% decrease
  • Other Income: ₹19.30 (H1 FY27) vs ₹34.76 (H1 FY26)
  • Total Income: ₹2,187.93 (H1 FY27) vs ₹3,426.33 (H1 FY26)

Expense Breakdown:

  • Cost of Material Consumed: ₹728.57
  • Purchases Stock in Trade: ₹167.93
  • Change in Inventory: ₹83.30
  • Power Charges: ₹904.76
  • Employee benefit expenses: ₹180.74
  • Finance Costs: ₹65.71
  • Depreciation and amortisation expenses: ₹154.74
  • Other expenses: ₹246.76
  • Total Expenses: ₹2,532.51

Profit/Loss Position:

  • Loss from continuing operations before exceptional items: ₹(344.58)
  • Tax Expense (Deferred Tax): ₹83.96
  • Net Loss from continuing operations after tax: ₹(260.62)
  • No discontinuing operations reported

Earnings Per Share:

  • Basic EPS: ₹(2.13) per share of ₹10/- each
  • Diluted EPS: ₹(2.13) per share of ₹10/- each

Comparative Performance:

  • H1 FY27 Net Loss: ₹(260.62) vs H1 FY26 Net Loss: ₹(319.11)
  • Q2 FY27 Net Loss: ₹(170.68) vs Q2 FY26 Net Loss: ₹(319.11)
  • Full Year FY26 Audited Net Loss: ₹(489.81)

Segment-wise Performance (Rs. in Lakhs)

Segment Revenue:

  • Cast Iron Lumps: ₹1,716.65 (H1 FY27) vs ₹2,699.76 (H1 FY26)
  • Casting Articles (Foundry): ₹451.98 (H1 FY27) vs ₹691.82 (H1 FY26)

Segment Results (Profit/Loss before tax, interest, and forex fluctuation):

  • Cast Iron Lumps: ₹(208.72) loss
  • Casting Articles (Foundry): ₹(11.36) loss
  • Total Segment Results: ₹(220.09) loss

Segment Assets (as of 30-09-2026):

  • Cast Iron Lumps: ₹3,504.86
  • Casting Articles (Foundry): ₹1,342.44
  • Unallocated: ₹693.16
  • Total Segment Assets: ₹5,540.46

Segment Liabilities (as of 30-09-2026):

  • Cast Iron Lumps: ₹1,108.42
  • Casting Articles (Foundry): ₹243.04
  • Unallocated: ₹1,194.42
  • Total Segment Liabilities: ₹2,545.88

Balance Sheet Position (as of 30-09-2026, Rs. in Lakhs)

Equity and Liabilities:

  • Share Capital: ₹1,224.00 (unchanged)
  • Reserve & Surplus: ₹1,770.58 (vs ₹2,031.20 as of 31-03-2026)
  • Total Shareholders Fund: ₹2,994.58
  • Long Term Borrowings: ₹887.91
  • Short Term Borrowings: ₹418.06
  • Trade Payables: ₹955.59 (Micro enterprises: ₹144.93, Others: ₹810.66)
  • Total Equity and Liabilities: ₹5,540.46

Assets:

  • Property, Plant & Equipment and Intangible Assets: ₹3,666.05
  • Non-Current Investment: ₹108.00
  • Inventories: ₹929.76
  • Trade receivables: ₹169.81
  • Cash & Cash Equivalents: ₹2.43
  • Total Assets: ₹5,540.46

Cash Flow Statement (H1 FY27, Rs. in Lakhs)

Operating Activities:

  • Net cash generated: ₹52.84 (vs ₹(151.77) utilized in H1 FY26)

Investing Activities:

  • Net cash generated: ₹189.52 (vs ₹30.54 in H1 FY26)

Financing Activities:

  • Net cash utilized: ₹(247.84) (vs ₹118.92 generated in H1 FY26)

Net Change in Cash: Decrease of ₹5.48

Cash and Cash Equivalents at period end: ₹2.43 (includes cash on hand: ₹0.90, balances with bank: ₹1.53)

Important Notes

1. The results have been reviewed by the Audit Committee and approved by the Board of Directors on 13th November 2026.

2. Due to adverse market conditions, the company has been operating only one submerged arc furnace out of two since 1st November 2025, making performance figures not directly comparable with previous periods.

3. The financial results are prepared in accordance with Accounting Standard 25 (Interim Financial Reporting) and SEBI circular CIR/CFD/FAC/62/2016 dated 5th July, 2016.

4. The limited review was conducted by O.P. Bagla & Co. LLP, Chartered Accountants (FRN-000018N/N500091).

5. The results are available on the company website www.earthstahl.com and stock exchange website www.bseindia.com.