Board Meeting Details

The Board of Directors meeting was held on Thursday, 5th November, 2026, commencing at 1:20 PM and concluding at 3:00 PM.

Financial Results Approval

The Board considered, approved, and took on record the Unaudited Financial Results of the Company for the second quarter and half year ended 30th September, 2026, in compliance with Regulation 33 of SEBI LODR Regulations.

Quarterly Financial Performance (Q2 FY27)

  • Revenue from Operations: ₹1,652.12 crore
  • Other Income: ₹13.98 crore
  • Total Income: ₹1,666.10 crore
  • Cost of Materials Consumed: ₹1,158.17 crore
  • Employee Benefits Expense: ₹49.25 crore
  • Finance Cost: ₹14.72 crore
  • Depreciation and Amortization: ₹32.01 crore
  • Other Expenses: ₹314.35 crore
  • Total Expenses: ₹1,566.56 crore
  • Profit Before Tax: ₹99.54 crore
  • Tax Expense: ₹22.32 crore (Current Tax: ₹-2.85 crore, Deferred Tax: ₹25.17 crore)
  • Net Profit After Tax: ₹77.22 crore
  • Earnings Per Share (Basic and Diluted): ₹0.85

Half-Yearly Financial Performance (H1 FY27)

  • Revenue from Operations: ₹3,334.71 crore
  • Other Income: ₹17.35 crore
  • Total Income: ₹3,352.06 crore
  • Profit Before Tax: ₹208.82 crore
  • Tax Expense: ₹46.37 crore
  • Net Profit After Tax: ₹162.45 crore
  • Earnings Per Share (Basic and Diluted): ₹1.78

Comparative Performance

Q2 FY27 vs Q2 FY26:

  • Revenue increased from ₹1,353.35 crore to ₹1,652.12 crore
  • Net profit increased from ₹26.48 crore to ₹77.22 crore

H1 FY27 vs H1 FY26:

  • Revenue increased from ₹2,710.52 crore to ₹3,334.71 crore
  • Net profit increased from ₹97.03 crore to ₹162.45 crore

Balance Sheet Position (as at 30th September, 2026)

  • Total Assets: ₹4,134.99 crore (vs ₹4,077.46 crore as at 31st March, 2026)
  • Property, Plant and Equipment: ₹1,510.94 crore
  • Capital Work in Progress: ₹429.86 crore
  • Inventories: ₹1,284.66 crore
  • Cash and Cash Equivalents: ₹63.58 crore (significant increase from ₹1.94 crore)
  • Equity Share Capital: ₹182.45 crore (unchanged)
  • Other Equity: ₹2,237.57 crore (vs ₹2,075.11 crore)
  • Total Borrowings: ₹490.40 crore (Non-current: ₹99.33 crore, Current: ₹391.07 crore)

Cash Flow Statement (H1 FY27)

  • Cash from Operating Activities: ₹92.61 crore
  • Cash used in Investing Activities: ₹-86.65 crore
  • Cash from Financing Activities: ₹55.68 crore
  • Net Increase in Cash: ₹61.64 crore

Strategic Business Update

The Board considered and approved a proposal to explore investment opportunities in the State of West Bengal and other regions over the coming years. The strategic focus includes:

  • Specialized alloy & steel for railways, defense & aerospace applications
  • Precision engineering
  • Aluminum & copper alloys & downstream products
  • Conventional & renewable power

The proposal envisages exploring opportunities for collaboration and engagement with various State Governments and other relevant stakeholders for facilitating potential investments and business development, in view of upcoming industrial policy initiatives by the Government of West Bengal.

Auditor Review

The financial results were reviewed by the Audit Committee and approved by the Board. The statutory auditors, M/s. Das & Prasad, Chartered Accountants, carried out a limited review and issued an unmodified conclusion on the results.

Additional Notes

  • The company has only one reportable operating segment (manufacturing steel products) as per Ind AS 108
  • No subsidiary/associate/joint venture company as on 30th September, 2026
  • Figures for previous periods have been re-grouped/re-arranged wherever necessary
  • Paid-up equity share capital: ₹182.45 crore (Face value of ₹2 per share)