Standalone Financial Results (All amounts in ₹ lakhs)

Income Statement for Q1 FY27:

  • Revenue from Operations: ₹31,252.90
  • Other Income: ₹392.13
  • Total Income: ₹31,645.03

Expenses:

  • Cost of raw materials consumed: ₹22,241.25
  • Purchase of stock-in-trade: ₹1,099.88
  • Change in inventories: ₹621.35
  • Employee Benefits Expenses: ₹872.79
  • Finance Costs: ₹611.41
  • Depreciation & Amortisation: ₹349.88
  • Other Expenses: ₹3,488.66
  • Total Expenses: ₹29,285.22

Profitability:

  • Profit before tax: ₹2,359.81
  • Total tax expense: ₹558.18 (Current Tax: ₹334.68, Deferred tax: ₹223.50)
  • Net Profit after tax: ₹1,801.63
  • Other Comprehensive Income: ₹3.30
  • Total Comprehensive Income: ₹1,804.93
  • Basic/Diluted EPS: ₹3.36 (not annualized)

Comparative Performance:

  • Q1 FY27 vs Q4 FY26: Revenue increased from ₹28,635.96 to ₹31,252.90; Net Profit increased from ₹1,487.65 to ₹1,801.63
  • Q1 FY27 vs Q1 FY26: Revenue increased from ₹29,165.23 to ₹31,252.90; Net Profit increased from ₹1,542.86 to ₹1,801.63

Consolidated Financial Results (All amounts in ₹ lakhs)

Income Statement for Q1 FY27:

  • Revenue from Operations: ₹46,306.12
  • Other Income: ₹454.59
  • Total Income: ₹46,760.71

Expenses:

  • Cost of raw materials consumed: ₹30,966.29
  • Purchase of stock-in-trade: ₹2,512.37
  • Change in inventories: ₹1,589.39
  • Employee Benefits Expenses: ₹1,209.22
  • Finance Costs: ₹1,144.32
  • Depreciation & Amortisation: ₹584.99
  • Other Expenses: ₹5,578.62
  • Total Expenses: ₹43,585.20

Profitability:

  • Profit before tax: ₹3,175.51
  • Total tax expense: ₹1,011.80 (Current Tax: ₹359.67, Deferred tax: ₹652.13)
  • Net Profit after tax: ₹2,163.71
  • Other Comprehensive Income: ₹6.70
  • Total Comprehensive Income: ₹2,170.41
  • Profit attributable to owners of parent: ₹2,154.33
  • Profit attributable to non-controlling interests: ₹9.38
  • Basic/Diluted EPS: ₹4.02 (not annualized)

Comparative Performance:

  • Q1 FY27 vs Q4 FY26: Revenue increased from ₹44,908.86 to ₹46,306.12; Net Profit decreased from ₹2,529.48 to ₹2,163.71
  • Q1 FY27 vs Q1 FY26: Revenue increased from ₹45,928.43 to ₹46,306.12; Net Profit decreased from ₹2,276.66 to ₹2,163.71

Subsidiary Information

The consolidated results include German TMT Private Limited (formerly German TMX Private Limited), in which the holding company owns 35,66,200 equity shares out of 36,61,200 (97.41%). The subsidiary was acquired on May 21, 2024.

IPO Completion

Subsequent to the quarter end, the company completed its Initial Public Offering (IPO) on September 30, 2026:

  • Fresh issue of 2,08,63,309 equity shares of face value ₹10 each at issue price of ₹139 per share
  • Total fresh issue amount: ₹29,000.00 lakhs
  • Offer for sale of 10,00,000 equity shares by selling shareholders aggregating ₹1,390.00 lakhs
  • Shares listed on NSE and BSE on October 5, 2026
  • EPS calculations for presented periods computed on weighted average shares outstanding before IPO

Accounting Policies and Review

The financial results were prepared in accordance with Ind AS 34 and reviewed by the Audit Committee. The statutory auditors, Talati & Talati LLP and SAMAS & Associates, issued unmodified limited review reports for both standalone and consolidated results.

Segment Information

The company operates in one reportable segment - manufacturing of iron and steel products (TMT bars, MS billets, and sponge iron).

Historical Data Notes

Figures for previous quarters were not subjected to limited review by statutory auditors as the company was not listed during those periods.