Key Financial Results - Q4 FY26 vs Q4 FY25

  • Total Income: ₹244.57 Cr (▲ 63.34% YoY from ₹149.73 Cr)
  • EBITDA: ₹9.89 Cr (▲ 22.72% YoY from ₹8.06 Cr)
  • PAT: ₹7.45 Cr (▲ 95.84% YoY from ₹3.80 Cr)
  • PAT Margin: 3.04% (▲ 51 basis points from 2.54%)
  • EPS: ₹0.86 (▲ 95.45% YoY from ₹0.44)

Key Financial Results - FY26 vs FY25 (Full Year)

  • Total Income: ₹716.49 Cr (▲ 41.76% YoY from ₹505.43 Cr)
  • EBITDA: ₹28.90 Cr (▲ 18.87% YoY from ₹24.31 Cr)
  • PAT: ₹12.87 Cr (▲ 39.24% YoY from ₹9.24 Cr)

Sequential Quarter Comparison - Q4 FY26 vs Q3 FY26

  • Total Income: ₹244.57 Cr (▲ 52.77% QoQ from ₹160.09 Cr)
  • EBITDA: ₹9.89 Cr (▲ 54.25% QoQ from ₹6.41 Cr)
  • EBITDA Margin: 4.04% (▲ 3 basis points from 4.01%)
  • PAT: ₹7.45 Cr (▲ 290.53% QoQ from ₹1.91 Cr)
  • PAT Margin: 3.04% (▲ 185 basis points from 1.19%)
  • EPS: ₹0.86 (▲ 290.91% QoQ from ₹0.22)

Operational Highlights

  • TMT Bar Mill Recommencement: Restarted operations during fiscal year, enabling utilization of idle assets and revitalizing dealer and distribution network
  • Rolling Mill Production: Achieved 117% Year-over-Year growth in production levels
  • Capacity Utilization: Present average capacity utilization levels provide significant headroom for ramp up
  • Direct Charging Capabilities: Maintained in stainless steel wire rods, supporting fuel efficiency and operational competitiveness

Technology Modernization

  • Direct Charging Project: Implementation commenced for TMT Mill, replicating successful stainless steel division model
  • Expected Completion: First half of current fiscal year (FY27)
  • Expected Benefits: Reduce specific fuel consumption, drive down manufacturing cost, and cut carbon footprint

Sustainability Initiatives

  • GreenPro Certification: Granted by Confederation of Indian Industry (CII) for TMT Bars
  • Certification Benefits: Validates alignment with environmental standards, supports LEED and IGBC green building certification credits
  • Green Power Consumption: More than a quarter of overall power consumption came from green power purchased through open access
  • Manufacturing Process: Steel manufactured via Recycling Route ensuring minimal carbon footprint
  • Unique Position: India's only stainless-steel wire rod manufacturer using direct billet charging technology

Management Commentary (Mr. Udit Rathi, Promoter)

  • Strong closure to fiscal year with robust Q4 performance despite market headwinds from macro-economic uncertainties and steel price volatility
  • Growth driven by healthy demand and ramp up of TMT bar mill operations
  • Energy and efficiency measures helped offset pricing pressures, leading to better margins
  • Company committed to increasing share of green power in future consumption
  • Focus on leveraging sales network and expanding brand visibility
  • Exploring organic and inorganic growth opportunities
  • Optimistic about resilience of Indian economy despite geopolitical challenges

Company Overview

  • Headquarters: Ghaziabad, Uttar Pradesh
  • Established: 1971
  • Facility: Modern integrated facility spread across approximately 12.5 acres in NCR region
  • Steel Melting Capacity: Approximately 85,000 tonnes per annum
  • Rolling Capacity: Approximately 2,00,000 tonnes per annum
  • Product Portfolio: Stainless steel billets, wire rods, and TMT bars

Disclaimer

Document contains forward-looking statements subject to risks and uncertainties including government actions, economic developments, technological risks, and other factors that could cause actual results to differ materially.