Financial Results - Standalone (Quarter Ended 30th June 2026)
Revenue Performance:
- Revenue from operations: ₹1,091.20 crore (compared to ₹1,142.86 crore in Q1 FY26 and ₹1,279.91 crore in Q4 FY26)
- Other income: ₹175.12 crore (compared to ₹159.71 crore in Q1 FY26 and negative ₹47.99 crore in Q4 FY26)
- Total revenue: ₹1,266.32 crore
Expense Breakdown:
- Cost of materials consumed: ₹742.27 crore
- Change in inventories: negative ₹109.05 crore (indicating inventory reduction)
- Employee benefits expenses: ₹36.15 crore
- Finance costs: ₹1.39 crore
- Depreciation and amortization: ₹30.59 crore
- Other expenses: ₹238.18 crore
- Total expenses: ₹939.53 crore
Profitability:
- Profit before exceptional items & tax: ₹326.79 crore
- Exceptional items: Nil (compared to ₹3.04 crore in Q4 FY26)
- Profit before tax: ₹326.79 crore
- Tax expenses: ₹56.01 crore (Current tax: ₹48.78 crore, Deferred tax: ₹7.23 crore)
- Net profit after tax: ₹270.78 crore (compared to ₹233.86 crore in Q1 FY26 and ₹107.53 crore in Q4 FY26)
- Other comprehensive income: ₹0.20 crore
- Total comprehensive income: ₹270.98 crore
Per Share Data:
- Earnings per share (EPS): ₹20.21 (basic/diluted, not annualized)
- Paid-up equity share capital: ₹67.00 crore (face value ₹5 per share)
Segment Performance (Standalone):
- Steel Pipes & Tubes revenue: ₹1,069.32 crore, profit: ₹138.75 crore
- Power - Electricity revenue: ₹20.58 crore, profit: ₹14.01 crore
- Rig revenue: ₹15.10 crore, profit: ₹0.30 crore
Financial Results - Consolidated (Quarter Ended 30th June 2026)
Consolidated Performance:
- Revenue from operations: ₹1,091.20 crore
- Other income: ₹174.42 crore
- Total revenue: ₹1,265.62 crore
- Total expenses: ₹939.49 crore
- Profit before share of profit from associates/JVs & exceptional items & tax: ₹326.13 crore
- Share of loss from investment in associates & joint ventures: negative ₹3.72 crore
- Exceptional items: Nil
- Profit before tax: ₹322.41 crore
- Tax expenses: ₹56.01 crore
- Net profit after tax: ₹266.40 crore
- Other comprehensive income: ₹0.17 crore
- Total comprehensive income: ₹266.57 crore
- Earnings per share (EPS): ₹19.88 (basic/diluted, not annualized)
Subsidiaries Included:
1. Maharashtra Seamless Pte. Ltd (Singapore)
2. Maharashtra Seamless Finance Limited
3. Jindal Premium Connections Pvt Ltd
4. United Seamless Limited
5. MSL Seamless Tubes Limited
Corporate Governance Updates
Director Appointments:
1. Mr. Shiv Kumar Singhal appointed as Whole-time Director effective 7th August, 2026 for 3 years, subject to shareholder approval
- Age: 65 years
- Qualifications: Bachelor of Commerce
- Experience: Over four decades in seamless pipe industry
- Not related to any existing Director/KMP
2. Dr. Raj Kamal Agarwal appointed as Independent Director effective 7th August, 2026 for 5 years, subject to shareholder approval
- Profile: Renowned medical practitioner with experience as Independent Director across several companies
- Not related to any existing Director/KMP
Annual General Meeting:
- 38th Annual General Meeting scheduled for Tuesday, 15th September, 2026
Auditor Information
- Statutory Auditors: M/s Kanodia Sanyal & Associates
- Limited review conducted of both standalone and consolidated financial results
- Review report issued without modification
Meeting Details
- Board meeting commenced at 01:10 PM and concluded at 03:50 PM on 7th August, 2026
- Results reviewed by Audit Committee and approved by Board of Directors