Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results and Corporate Appointments
Date of Board Meeting / Approval: August 12, 2026 (03:00 pm to 04:15 pm IST)
Audit Opinion: Unmodified conclusion with emphasis of matter
Auditor’s Comment: Draws attention to Note 3 regarding temporary closure of Perundurai unit due to TNPCB directions dated April 2, 2026, which impacted revenue and profitability. Closure direction was suspended on July 13, 2026, enabling operations to recommence.
Key Financial Highlights [₹ in lakhs]
Standalone Results:
Revenue from Operations: ₹4,291.83 lakhs for Q1 FY27 (7% decrease from ₹4,609.64 lakhs in Q1 FY26; 15% decrease from ₹5,072.69 lakhs in Q4 FY26)
Total Income: ₹4,312.28 lakhs for Q1 FY27
Net Profit: ₹1,736.36 lakhs for Q1 FY27 (26% decrease from ₹2,361.40 lakhs in Q1 FY26; 42% decrease from ₹3,018.34 lakhs in Q4 FY26)
EPS: ₹5.61 (Basic and Diluted) for Q1 FY27
Consolidated Results:
Revenue from Operations: ₹4,291.83 lakhs for Q1 FY27
Total Income: ₹4,305.44 lakhs for Q1 FY27
Net Profit: ₹1,659.78 lakhs for Q1 FY27 (30% decrease from ₹2,360.25 lakhs in Q1 FY26; 45% decrease from ₹3,009.99 lakhs in Q4 FY26)
EPS: ₹5.36 (Basic and Diluted) for Q1 FY27
Total comprehensive income attributable to Owners of Holding Company: ₹1,662.10 lakhs
Segment-wise Performance:
The company operates in a single business segment of manufacturing & selling Steel Products. No segment-wise disclosure provided as per IND AS 108.
Corporate Actions:
Preferential issue of up to 15,00,000 convertible warrants to Promoter and Promoter Group approved by Board (May 21, 2026) and shareholders (June 16, 2026). Each warrant convertible into one equity share (face value ₹10) at issue price of ₹343.03 per warrant, aggregating ₹5,145.45 lakhs. Allotment of 15,00,000 warrants made on July 27, 2026, upon receipt of 25% payment (₹1,286.36 lakhs). Balance 75% payable at time of exercise within 18 months (by January 27, 2028).
Other Significant Information:
Temporary closure of Perundurai unit (Tamil Nadu) from April 2, 2026 to July 13, 2026 due to TNPCB directions significantly impacted Q1 FY27 revenue and profitability.
Subsidiaries performance: Hariom Power and Energy Private Limited reported net loss of ₹6.40 lakhs; Metal Mart Private Limited reported net loss of ₹1.75 lakhs for Q1 FY27.
Paid-up equity share capital remained unchanged at ₹3,096.73 lakhs (face value ₹10 per share) as of June 30, 2026.