Date: 29th May 2026

Financial Results (Standalone)

Profit & Loss Statement (Figures in ₹ crore)

Quarter Ended March 31, 2026:

  • Revenue from operations: ₹3,879.00
  • Total expenses: ₹3,419.04
  • Profit before exceptional items and tax: ₹486.10
  • Total tax expense: ₹94.19
  • Profit for the period: ₹391.91
  • Other Comprehensive income: ₹-
  • Total Comprehensive Income: ₹391.91
  • EPS (basic and diluted): ₹1.34

Financial Year Ended March 31, 2026:

  • Revenue from operations: ₹13,641.81
  • Total expenses: ₹13,652.03
  • Profit before exceptional items and tax: ₹75.78
  • Total tax expense: ₹17.06
  • Profit for the year: ₹58.72
  • Other Comprehensive income: ₹-
  • Total Comprehensive Income: ₹58.72
  • EPS (basic and diluted): ₹0.20

Comparative Figures (FY25):

  • Revenue from operations: Not explicitly stated in P&L but derived
  • Profit/(loss) before tax: (₹3,321.72)
  • Profit/(loss) for the year: (₹2,373.78)
  • EPS: (₹8.10)

Balance Sheet Highlights (As at March 31, 2026; Figures in ₹ crore)

  • Property, Plant and Equipment: ₹19,406.00
  • Inventories: ₹3,897.38
  • Trade receivables: ₹1,521.73
  • Cash and cash equivalents: ₹8.87
  • Total assets: ₹28,237.28
  • Paid-up equity share capital: ₹2,930.61
  • Other equity: ₹10,242.59
  • Net worth: ₹13,173.20
  • Borrowings (non-current): ₹2,841.56
  • Trade payables: ₹6,001.37

Cash Flow Statement (FY26; Figures in ₹ crore)

  • Cash flow from operating activities: ₹1,795.50
  • Cash flow from investing activities: ₹108.72
  • Cash flow from financing activities: (₹1,902.39)
  • Net change in cash and cash equivalents: ₹1.83

Key Ratios

FY26 Annual:

  • Debt equity ratio: 0.35
  • Debt service coverage ratio (DSCR): 0.71
  • Interest service coverage ratio: 1.16
  • Current ratio: 0.53
  • Operating margin (%): 11.76
  • Net profit margin (%): 0.43
  • Inventory turnover ratio: 3.92
  • Debtors turnover ratio: 72.46

Q4 FY26:

  • Debt equity ratio: 0.35
  • Debt service coverage ratio (DSCR): 0.40
  • Interest service coverage ratio: 6.04
  • Operating margin (%): 21.45
  • Net profit margin (%): 10.10

Board Meeting Outcomes

  • Meeting held on May 29, 2026, from 1740 to 1830 hours IST
  • Approved audited standalone financial results for Q4 and FY ended March 31, 2026
  • Approved statement of assets and liabilities and related disclosures

Other Operational Disclosures

  • The company repaid Non-Convertible Debentures (NCDs) of ₹523.80 crore principal plus accrued interest of ₹42.98 crore on due date August 28, 2025
  • Outstanding rupee term loan from State Bank of India: ₹3,289.20 crore as of March 31, 2026 (after repayment of ₹1,186.61 crore)
  • Working capital limit: ₹4,100 crore (₹2,600 crore fund-based, ₹1,500 crore non-fund based)
  • Utilization as of March 31, 2026: ₹1,306.25 crore fund-based, ₹992.96 crore non-fund based
  • GST dispute: ₹111.19 crore total disputed amount; ₹8.45 crore accepted/paid, ₹45.90 crore dropped, ₹56.40 crore pending litigation, ₹0.35 crore under appeal
  • Strategic disinvestment: Government of India planning to divest 50.79% shareholding with management control to strategic buyer
  • Labor codes implementation: Recognized gratuity liability of ₹17.96 crore based on actuarial valuation
  • Segment reporting: Only one reportable segment - Iron and Steel Products
  • No subsidiaries/JV/associates as of March 31, 2026

Dividend Declaration

Not Specified

KMP / Board Changes

Not Specified

Disinvestment / Strategic Actions

Strategic disinvestment process ongoing as per CCEA approval for government to divest 50.79% stake with management control