Mukand Limited's Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026 (Q1 FY27) at its meeting held on August 12, 2026. The meeting commenced at 10:45 AM and concluded at 11:25 AM. Shri Niraj Bajaj, Chairman and Managing Director, is authorized to sign the financial results.

Standalone Financial Performance (Q1 FY27)

  • Revenue from Operations: ₹1,325.68 crore (20.3% YoY increase from ₹1,102.39 crore in Q1 FY26)
  • Other Income: ₹112.18 crore (significant decrease from ₹514.44 crore in Q4 FY26)
  • Total Income: ₹1,437.86 crore
  • Total Expenses: ₹1,373.67 crore
  • Profit Before Tax: ₹64.19 crore (85.4% decrease from ₹439.16 crore in Q4 FY26)
  • Tax Expense: ₹2.86 crore (deferred tax charge)
  • Profit After Tax from Continuing Operations: ₹61.33 crore (89.1% decrease from ₹560.37 crore in Q4 FY26)
  • Earnings Per Share (Continuing Operations): ₹4.24 (basic and diluted)
  • Total Comprehensive Income: ₹60.86 crore

Consolidated Financial Performance (Q1 FY27)

  • Revenue from Operations: ₹1,362.21 crore
  • Other Income: ₹105.04 crore
  • Total Income: ₹1,467.25 crore
  • Total Expenses: ₹1,407.03 crore
  • Profit Before Tax: ₹60.22 crore
  • Tax Expense: ₹2.86 crore (deferred tax charge)
  • Profit After Tax: ₹57.36 crore
  • Total Comprehensive Income: ₹56.89 crore
  • Earnings Per Share: ₹3.97 (basic and diluted)

Segment-wise Performance (Consolidated)

  • Specialty Steel Segment Result: ₹89.19 crore
  • Industrial Machinery & Engineering Contracts Segment Result: ₹2.13 crore
  • Total Segment Result: ₹91.32 crore
  • Segment Assets: Specialty Steel (₹2,991.70 crore), Industrial Machinery (₹537.74 crore), Assets Held for Sale (₹15.94 crore)
  • Total Assets: ₹4,249.95 crore
  • Segment Liabilities: Specialty Steel (₹779.10 crore), Industrial Machinery (₹115.59 crore)
  • Total Liabilities: ₹2,670.74 crore

Significant Transactions and Events

1. The company executed a conveyance deed for sale of approximately 3.07 acres of land at Kalwe and 50% undivided share in land parcels of approximately 0.06 acres at Dighe. The resultant surplus has been included in Other Income.

2. The company executed a Term Sheet on July 15, 2026, for sale of approximately 9.20 acres of land at Kalwe. The land has been disclosed as "Assets Held for Sale" in accordance with Ind AS 105. This transaction is subject to necessary approvals/permissions/NOCs from government and various concerned authorities and fulfilment of conditions precedent.

Subsidiaries and Associates

The consolidated results include:

  • Mukand Sumi Metal Processing Limited (Subsidiary)
  • Mukand Heavy Engineering Limited (Subsidiary)
  • Hospet Steels Limited (Joint Venture)
  • Bombay Forgings Limited (Associate)

The Group's share of net profit after tax from joint venture and associate was Nil for the quarter.

Additional Information

  • Paid-up equity share capital: ₹144.51 crore (face value ₹10 per share)
  • Figures for previous periods have been regrouped/recast wherever necessary
  • The results will be available on the company's website: www.mukand.com