Magnus Steel 5% Upper Circuit on 500% Revenue Surge

Magnus Steel and Infra Ltd shares hit 5% upper circuit at Rs 151.40, up from Rs 144.23, after FY26 Q4 results.
FY26 revenue surged 500% YoY to Rs 22.58 cr, with net profit rising to Rs 4.5 cr and EBITDA Rs 4.66 cr.
Board approved Rs 45 cr preferential issue of 4.5 cr shares at Rs 10 each, allocating Rs 33.75 cr for working capital.
New Managing Director Chinmay Pradhan, Additional Executive Director Prakash Salve, and Independent Director Krutika Shah appointed; office shifted to Pune.