Rajputana Stainless Limited announced the outcome of its board meeting held on November 2, 2026, wherein the unaudited financial results for the second quarter and half year ended September 30, 2026, were approved. The meeting commenced at 3:00 PM and concluded at 3:32 PM.

Financial Results Overview

Quarter Ended September 30, 2026 (Unaudited):

  • Revenue from Operations: ₹35,980.82 lakhs (₹359.81 crore)
  • Other Income: ₹210.78 lakhs
  • Total Income: ₹36,191.61 lakhs
  • Total Expenses: ₹33,002.66 lakhs
  • Profit Before Tax: ₹3,188.95 lakhs
  • Tax Expense: ₹818.88 lakhs (Current Tax: ₹818.52 lakhs, Deferred Tax: ₹0.36 lakhs)
  • Profit for the Quarter: ₹2,370.06 lakhs (₹23.70 crore)
  • Basic Earnings Per Share: ₹2.84
  • Diluted Earnings Per Share: ₹2.84

Six Months Ended September 30, 2026 (Unaudited):

  • Revenue from Operations: ₹66,635.05 lakhs
  • Other Income: ₹269.96 lakhs
  • Total Income: ₹67,075.75 lakhs
  • Total Expenses: ₹61,163.04 lakhs
  • Profit Before Tax: ₹5,912.71 lakhs
  • Tax Expense: ₹1,550.99 lakhs
  • Profit for the Period: ₹4,390.00 lakhs (₹43.90 crore)
  • Basic Earnings Per Share: ₹5.25
  • Diluted Earnings Per Share: ₹5.25

Balance Sheet Position (as at September 30, 2026)

  • Total Assets: ₹63,881.85 lakhs
  • Non-Current Assets: ₹12,308.44 lakhs (including Property, Plant & Equipment: ₹7,766.00 lakhs)
  • Current Assets: ₹51,573.43 lakhs (including Inventories: ₹17,418.95 lakhs, Trade Receivables: ₹23,234.10 lakhs)
  • Total Equity: ₹40,299.18 lakhs
  • Non-Current Liabilities: ₹2,119.39 lakhs
  • Current Liabilities: ₹21,463.28 lakhs

Cash Flow Statement (Six Months Ended September 30, 2026)

  • Cash from Operating Activities: ₹2,352.26 lakhs
  • Cash Used in Investing Activities: ₹(3,984.91) lakhs
  • Cash Used in Financing Activities: ₹(6,408.95) lakhs
  • Net Change in Cash: ₹(10,041.60) lakhs
  • Cash and Cash Equivalents at End: ₹201.32 lakhs

IPO Proceeds Utilization

The company completed its Initial Public Offering (IPO) on March 19, 2026, issuing 2,09,00,000 equity shares (face value ₹10 each). As of September 30, 2026:

  • Capex for Expansion (Panchmahal Facility): ₹0.00 utilized of ₹1,857.17 lakhs allocated
  • Repayment/Prepayment of Borrowings: ₹9,601.30 lakhs utilized of ₹9,800.00 lakhs allocated
  • General Corporate Purposes: ₹4,446.13 lakhs utilized of ₹4,464.28 lakhs allocated
  • Issue Expenses: ₹2,414.49 lakhs utilized of ₹2,498.81 lakhs allocated
  • Total Unutilized Proceeds: ₹2,158.35 lakhs

Unutilized funds include ₹2,123.03 lakhs in Fixed Deposits, ₹16.13 lakhs in Monitoring Account, and ₹86.43 lakhs in Escrow Account.

Additional Information

  • The financial results were reviewed by the statutory auditors, Ruparel & Bavadiya Chartered Accountants, who issued a limited review report.
  • The company operates in a single reportable segment of manufacturing long and flat stainless-steel products.
  • Previous period figures have been regrouped/reclassified for comparability.