Summary of Key Information:

Reporting Period: Quarter ended 30th June, 2026 (Q1 FY27)

Nature of Filing: Outcome of Board Meeting and unaudited financial results

Audit Opinion:

Clean review opinion - Statutory auditors S K Agrawal and Co Chartered Accountants LLP conducted limited review and found no material misstatements.

Key Financial Highlights [Figures in ₹ lakhs]:

Standalone Results:

Revenue from Operations: ₹30,221.55 (Q1 FY26: ₹20,097.78, +50.4% YoY)

Total Income: ₹30,588.34 (Q1 FY26: ₹20,348.39, +50.3% YoY)

EBITDA: ₹3,632.94 (Q1 FY26: ₹1,254.04, +189.7% YoY)

Net Profit: ₹2,237.92 (Q1 FY26: ₹634.71, +252.5% YoY)

EPS: ₹3.41 (annualized) (Q1 FY26: ₹0.97)

Consolidated Results:

Revenue from Operations: ₹32,748.77 (Q1 FY26: ₹21,749.08, +50.6% YoY)

Total Income: ₹33,115.59 (Q1 FY26: ₹21,999.69, +50.5% YoY)

EBITDA: ₹3,720.81 (Q1 FY26: ₹1,325.93, +180.6% YoY)

Net Profit: ₹2,264.59 (Q1 FY26: ₹648.59, +249.1% YoY)

EPS: ₹3.46 (annualized) (Q1 FY26: ₹0.99)

Segment-wise Performance:

The company operates in a single primary business segment - "Metals" as per Ind AS 108.

Corporate Actions:

  • 25th Annual General Meeting to be held on Wednesday, 23rd September, 2026 at 03.00 P.M. (IST) through Video Conferencing/Other Audio Visual Means
  • Cut-off date for shareholder voting: Wednesday, 16th September, 2026
  • No dividend declared in this announcement

Expansion / Capex:

Board granted in-principle approval for expansion of manufacturing facility at Haldia, West Bengal for production of Cold-Rolled Coil and Coated Steel in two phases:

Phase I (to be completed by FY 2029-30):

  • Investment: ₹375 crores
  • Capacity additions:
  • Cold Rolled Coil: +95,000 TPA (from 80,000 to 175,000 TPA)
  • Coated (GL/GP): +31,000 TPA (from 144,200 to 175,200 TPA)
  • Colour Coated: +90,000 TPA (from 60,000 to 150,000 TPA)
  • Funding: Debt and internal accruals

Phase II (to be completed by FY 2033-34):

  • Investment: ₹425 crores plus land value
  • Capacity additions:
  • Cold Rolled Coil: +100,000 TPA (to 275,000 TPA)
  • Coated (GL/GP): +100,000 TPA (to 275,200 TPA)
  • Colour Coated: +90,000 TPA (to 240,000 TPA)
  • Funding: Debt and internal accruals

Phase I includes previously announced Colour Coating Line – II (under implementation) and Cold Rolling Mill (scheduled to commence shortly). The company is also evaluating a 10 MW captive solar power plant.

Other Significant Information:

  • Existing capacity utilization: Cold Rolled Coil ~86%, Coated ~75%, Colour Coated ~100%
  • Rationale for expansion: To cater to company's future growth plan and address increasing captive and market demand
  • The filing is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015