Financial Performance - Quarter Ended September 30, 2026
- Revenue from operations: ₹15,337.99 lakh
- Other income: ₹65.75 lakh
- Total revenue: ₹15,403.74 lakh
- Total expenses: ₹15,350.57 lakh
- Profit before tax: ₹53.17 lakh
- Tax expenses: ₹18.42 lakh (Current tax: ₹8.90 lakh, Deferred tax: ₹9.52 lakh)
- Profit for the quarter: ₹34.75 lakh
- Other comprehensive income: ₹0.10 lakh
- Total comprehensive income: ₹34.85 lakh
- Earnings per share (basic & diluted): ₹0.10
Financial Performance - Half Year Ended September 30, 2026
- Revenue from operations: ₹38,160.67 lakh
- Other income: ₹79.63 lakh
- Total revenue: ₹38,240.30 lakh
- Total expenses: ₹37,914.07 lakh
- Profit before tax: ₹326.23 lakh
- Tax expenses: ₹189.03 lakh
- Profit for the period: ₹137.20 lakh
- Other comprehensive income: ₹0.20 lakh
- Total comprehensive income: ₹137.40 lakh
- Earnings per share (basic & diluted): ₹0.39
Comparative Performance
Quarterly Comparison (Q2 FY27 vs Q2 FY26):
- Revenue declined from ₹18,241.73 lakh to ₹15,337.99 lakh
- Profit before tax decreased from ₹15.40 lakh to ₹53.17 lakh
- Net profit increased from ₹8.08 lakh to ₹34.75 lakh
Half-Year Comparison (H1 FY27 vs H1 FY26):
- Revenue increased from ₹33,442.11 lakh to ₹38,160.67 lakh
- Turned from loss before tax of ₹(142.40) lakh to profit of ₹326.23 lakh
- Turned from net loss of ₹(107.34) lakh to net profit of ₹137.20 lakh
Balance Sheet Position as at September 30, 2026
- Total assets: ₹36,613.70 lakh (vs ₹38,629.76 lakh as at March 31, 2026)
- Property, plant and equipment: ₹15,506.79 lakh
- Capital work-in-progress: ₹1,284.90 lakh
- Inventories: ₹14,162.33 lakh
- Cash and cash equivalents: ₹0.87 lakh
- Bank balances other than cash: ₹4,298.20 lakh
- Total equity: ₹17,659.35 lakh
- Borrowings (current): ₹11,346.76 lakh
- Borrowings (non-current): ₹554.75 lakh
- Trade payables: ₹3,170.60 lakh (including ₹93.23 lakh dues to micro and small enterprises)
Cash Flow Statement - Half Year Ended September 30, 2026
- Cash flow from operating activities: ₹(2,435.49) lakh
- Cash flow from investing activities: ₹(53.48) lakh
- Cash flow from financing activities: ₹1,482.46 lakh
- Net decrease in cash and cash equivalents: ₹(1,006.51) lakh
- Opening cash balance: ₹1,007.38 lakh
- Closing cash balance: ₹0.87 lakh
Operational Highlights
- The Mini Blast Furnace (MBF) at the Durgapur plant was shut down from September 9, 2026, to October 14, 2026 (36 days), for rectification work on the MBF and its accessories
- The MBF resumed operations on October 15, 2026
- The company has only one reportable business segment: "Iron & Steel and allied products"
Capital Structure
- Paid-up equity share capital: ₹709.92 lakh (face value ₹2 per share)
- Number of shares outstanding: 35,496,000 shares