Key Financial Results (Rs. in lakhs)

Quarterly Performance (Q4 FY26 vs Q4 FY25):

  • Revenue from Operations: Rs 10,596.30 (Q4 FY26) vs Rs 9,120.83 (Q4 FY25)
  • Total Income: Rs 10,648.92 (Q4 FY26) vs Rs 9,176.86 (Q4 FY25)
  • Profit/(Loss) before Tax: Rs 92.28 profit (Q4 FY26) vs Rs (270.27) loss (Q4 FY25)
  • Net Profit/(Loss): Rs (211.88) loss (Q4 FY26) vs Rs (202.93) loss (Q4 FY25)
  • Basic EPS: Rs (1.11) (Q4 FY26) vs Rs (1.06) (Q4 FY25)

Annual Performance (FY26 vs FY25):

  • Revenue from Operations: Rs 38,424.12 (FY26) vs Rs 38,310.11 (FY25)
  • Total Income: Rs 38,722.37 (FY26) vs Rs 38,581.40 (FY25)
  • Profit/(Loss) before Tax: Rs 73.62 (FY26) vs Rs 455.71 (FY25)
  • Net Profit/(Loss): Rs (226.34) loss (FY26) vs Rs 332.53 profit (FY25)
  • Basic EPS: Rs (1.19) (FY26) vs Rs 1.74 (FY25)
  • Paid-up Equity Share Capital: Rs 1,907.83 (unchanged both years)
  • Other Equity: Rs 13,161.66 (FY26) vs Rs 14,121.93 (FY25)

Expense Breakdown (FY26):

  • Cost of Materials Consumed: Rs 26,395.66
  • Employee Benefits Expense: Rs 2,429.54
  • Finance Costs: Rs 541.29
  • Depreciation & Amortisation: Rs 797.99
  • Power & Fuel: Rs 4,387.70
  • Other Expenses: Rs 3,220.94

Tax Details (FY26):

  • Provision for Current Tax: Rs 101.01
  • Deferred Tax: Not quantified
  • Tax Credit Reversal: Rs (80.20)

Cash Flow Statement (FY26):

  • Net Cash From Operating Activities: Rs 2,856.04
  • Net Cash Used in Investing Activities: Rs (304.33)
  • Net Cash Used in Financing Activities: Rs (2,554.85)
  • Net increase in Cash & Cash Equivalents: Rs (3.14)
  • Cash and Cash Equivalents at year-end: Rs 28.50

Balance Sheet Highlights (as of 31st March, 2026):

  • Total Equity: Rs 15,069.49
  • Non-Current Liabilities: Rs 693.50
  • Current Liabilities: Rs 6,407.76 (including borrowings of Rs 3,522.27)
  • Non-Current Assets: Rs 5,353.35
  • Current Assets: Rs 17,087.65
  • Total Assets: Rs 22,441.00

Business Context and Additional Information:

The company is engaged in the manufacturing of Stainless Steel Long Products, which constitutes a single reportable segment under Ind AS-108.

The Government of India consolidated 29 labour laws into four Labour Codes effective from 21st November, 2025. The company assessed the impact and concluded there is no material financial impact on its financial statements, with required provisions already recognized in the FY26 results.

The figures for the quarter ended 31st March, 2026 are balancing figures between the audited full financial year and published unaudited year-to-date figures up to the third quarter.