The company reported FY 2026 revenue of INR 4,000 crores, up 9% YoY, marking its first crossing of the 4,000‑crore threshold.
Adjusted EBITDA fell to INR 477 crores (margin 11.9% vs 13.7% FY 2025) and profit after tax declined 10% to INR 180 crores.
Operating cash flow rose 9% YoY to INR 409 crores; net debt turned negative to 0.1× EBITDA, indicating a strong balance‑sheet position.
FY 2027 capital expenditure is projected at approximately INR 150 crores, with INR 40‑50 crores earmarked for maintenance and the remainder for 4PRO automation and structural growth.
Management highlighted strategic initiatives: 4PRO platform integration, automation robotics in caster operations, and a secured 30,000‑tonne coke‑oven order book for the next 18 months to improve fixed‑cost absorption.
Margin pressure stems from rising raw‑material, energy, freight costs and currency depreciation (INR‑USD volatility), as well as geopolitical disruptions in the Middle East.
Stock closed at INR 414.4, down 1.88%, reflecting investor concerns over margin compression despite the revenue milestone.
