Key Quantitative Figures
Standalone Financial Results (Quarter ended 30th June 2026):
- Revenue from operations: ₹1,486.66 crore (Q1 FY26: ₹1,133.93 crore)
- Other Income: ₹33.10 crore (Q1 FY26: ₹24.36 crore)
- Total Income: ₹1,519.76 crore (Q1 FY26: ₹1,158.29 crore)
- Cost of Materials Consumed: ₹828.59 crore (Q1 FY26: ₹622.83 crore)
- Employee benefit expenses: ₹83.74 crore (Q1 FY26: ₹73.43 crore)
- Finance cost: ₹17.88 crore (Q1 FY26: ₹13.20 crore)
- Depreciation and amortization: ₹45.01 crore (Q1 FY26: ₹39.08 crore)
- Profit before tax: ₹271.37 crore (Q1 FY26: ₹270.31 crore)
- Current Tax: ₹67.01 crore (Q1 FY26: ₹66.23 crore)
- Deferred Tax: ₹5.46 crore (Q1 FY26: ₹3.58 crore)
- Net Profit: ₹198.90 crore (Q1 FY26: ₹200.50 crore)
- Basic EPS: ₹3.06 (Q1 FY26: ₹3.10)
- Diluted EPS: ₹2.96 (Q1 FY26: ₹3.08)
- Paid-up Equity Share Capital: ₹65.06 crore (Face Value ₹1 each)
Consolidated Financial Results (Quarter ended 30th June 2026):
- Revenue from operations: ₹1,750.47 crore
- Other Income: ₹33.28 crore
- Total Income: ₹1,783.75 crore
- Net Profit attributable to owners: ₹221.74 crore
- Basic EPS: ₹3.59
- Diluted EPS: ₹3.48
Dates of Action
- Board Meeting Date: 7th August 2026 (commenced at 1:00 PM, concluded at 4:10 PM)
- Financial Results Period: Quarter ended 30th June 2026
- 27th AGM Date: 19th September 2026
- Director Re-appointment Effective Dates:
- Mr. Abhishek Agrawal: wef 9th November 2026
- Mr. Siddharth Agrawal: wef 1st April 2027
- Mr. Dinesh Kumar Gandhi: wef 1st April 2027
- Plant Commissioning Dates:
- 25 MW Solar Power Plant: 19th May 2026
- 6.91 MW Waste Heat Recovery Plant: 23rd June 2026
Parties Involved
- Statutory Auditors: Singhi & Co. (Firm's Regn. No. 302049E)
- Auditor Partner: Sanjay Kumar Dewangan (Membership No. 409524)
- Subsidiaries: Hira Ferro Alloys Limited, Alok Ferro Alloys Limited, Godawari New Energy Private Limited, Godawari Education and Research Foundation
- Associates/Joint Ventures: Jammu Pigments Limited, Raipur Infrastructure Company Limited, Chhattisgarh Captive Coal Mining Private Limited, Chhattisgarh Ispat Bhumi Limited
- Directors Re-appointed: Mr. Abhishek Agrawal (DIN: 02434507), Mr. Siddharth Agrawal (DIN: 02180571), Mr. Dinesh Kumar Gandhi (DIN: 01081155)
Capital Structure Impact
- Allotted 13,61,000 equity shares (₹1 face value) upon conversion of equity warrants
- Allotted 3,71,520 equity shares upon exercise of ESOPs granted to employees
- Paid-up share capital increased to ₹65.06 crores from ₹64.90 crores
- Received ₹25.05 crore during quarter from Preferential Allotment of Convertible Warrants
- ₹24.83 crore invested in Godawari New Energy Private Limited for Battery Energy Storage System Project
- Remaining amount invested in setting up Cold Rolling Mill Plant
Operational Highlights
- Company operates in manufacturing of Steel products with one reportable operating segment
- Successfully commissioned 25 MW Solar Power plant on 19.05.2026
- Successfully commissioned 6.91 MW Waste heat recovery based Power Plant on 23.06.2026
Director Re-appointment Details
- All three directors re-appointed as Whole-Time Directors for 5-year terms
- Mr. Abhishek Agrawal: Son of Mr. Bajrang Lal Agrawal (Chairman cum Managing Director), Brother of Mr. Siddharth Agrawal
- Mr. Siddharth Agrawal: Son of Mr. Bajrang Lal Agrawal, Brother of Mr. Abhishek Agrawal
- Mr. Dinesh Kumar Gandhi: Not related to any other Director/KMP
- All appointments subject to shareholder approval in ensuing AGM on 19th September 2026
Auditor Review
- Limited Review Report issued by Singhi & Co. on both standalone and consolidated financial results
- Review conducted in accordance with Standard on Review Engagements (SRE) 2410
- No material misstatement identified in the financial results