Panchmahal Steel Limited submitted its unaudited standalone financial results for the quarter ended June 30, 2026, to BSE Limited pursuant to Regulation 33(3) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

The Board of Directors approved these results at their meeting held on August 3, 2026. The submission includes the Statement of Unaudited Financial Results along with the Independent Auditor's Review Report from CNK & Associates LLP.

Financial Performance (Quarter ended June 30, 2026)

  • Revenue from Operations: ₹9,396.84 lakhs (₹93.97 crore)
  • Other Income: ₹63.82 lakhs
  • Total Income: ₹9,460.66 lakhs

Expense Breakdown

  • Cost of Materials Consumed: ₹6,430.45 lakhs
  • Change in Inventories of Finished Goods: (₹612.46) lakhs (decrease)
  • Employee Benefits Expense: ₹626.63 lakhs
  • Finance Costs: ₹102.61 lakhs
  • Depreciation & Amortisation Expense: ₹200.11 lakhs
  • Power & Fuel: ₹1,275.88 lakhs
  • Other Expenses: ₹857.78 lakhs
  • Total Expenses: ₹8,881.00 lakhs

Profitability Metrics

  • Profit before Tax: ₹579.66 lakhs (₹5.80 crore)
  • Tax Expense:
  • Current Tax: ₹184.41 lakhs
  • Deferred Tax: (₹38.43) lakhs (credit)
  • Profit for the period: ₹433.68 lakhs (₹4.34 crore)

Comprehensive Income

  • Other Comprehensive Loss (net of taxes): (₹40.40) lakhs
  • Total Comprehensive Income for the period: ₹393.28 lakhs

Capital Structure

  • Paid-up Equity Share Capital (Face value ₹10 per share): ₹1,907.83 lakhs
  • Earnings per Share (Basic): ₹2.27 (not annualized)
  • Earnings per Share (Diluted): ₹2.27 (not annualized)

Comparative Performance

Compared to the same quarter last year (Q1 FY26):

  • Revenue increased from ₹8,754.04 lakhs to ₹9,396.84 lakhs
  • Turned from loss before tax of (₹262.18) lakhs to profit of ₹579.66 lakhs
  • Turned from net loss of (₹192.46) lakhs to net profit of ₹433.68 lakhs
  • EPS improved from (₹1.01) loss per share to ₹2.27 profit per share

Compared to the previous quarter (Q4 FY26):

  • Revenue decreased from ₹10,596.30 lakhs to ₹9,396.84 lakhs
  • Profit before tax increased from ₹92.28 lakhs to ₹579.66 lakhs
  • Turned from net loss of (₹211.88) lakhs to net profit of ₹433.68 lakhs

Auditor Review

CNK & Associates LLP conducted a review of the interim financial results in accordance with Standard on Review Engagements (SRE) 2410. Based on their review, nothing came to their attention that causes them to believe that the statement contains any material misstatement or has not disclosed required information as per Listing Regulations.

The financial results were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) "Interim Financial Reporting" and the recognition and measurement principles of Ind AS.

Business Segment

The company is engaged in the manufacturing of Stainless Steel Long Products, which constitutes a single reportable segment as per Ind AS 108 on Segment Reporting.