Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026
Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 30 of SEBI LODR
Audit Opinion:
Clean - Limited Review Reports issued by Statutory Auditors S S Kothari Mehta & Co. LLP with no qualifications or modifications
Key Financial Highlights [Amount in millions of INR]:
Standalone Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹8,359.86 (vs ₹5,801.69 in Q2 FY26 - +44.1% YoY; vs ₹7,321.73 in Q1 FY27 - +14.2% QoQ)
- Total Income: ₹8,400.41
- Net Profit: ₹612.87 (vs ₹299.65 in Q2 FY26 - +104.5% YoY; vs ₹566.12 in Q1 FY27 - +8.3% QoQ)
- EPS: ₹2.08 (Basic and Diluted)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹15,681.59 (vs ₹11,387.98 in H1 FY26 - +37.7% YoY)
- Total Income: ₹15,771.62
- Net Profit: ₹1,178.99 (vs ₹633.64 in H1 FY26 - +86.1% YoY)
- EPS: ₹4.00 (Basic and Diluted)
Balance Sheet Position (Standalone as at September 30, 2026):
- Paid-up Equity Share Capital: ₹2,946.71
- Other Equity: ₹8,773.64 (vs ₹7,607.58 as at March 31, 2026)
- Cash and Cash Equivalents: ₹5.72 (vs ₹616.19 as at March 31, 2026)
- Total Debt: ₹5,559.86 (Non-current borrowings: ₹4,429.56; Current borrowings: ₹1,130.30)
- Total Assets: ₹24,451.40
Consolidated Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹8,359.86
- Total Income: ₹8,395.82
- Net Profit: ₹609.46
- EPS: ₹2.07 (Basic and Diluted)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹15,681.59
- Total Income: ₹15,765.68
- Net Profit: ₹1,174.69
- EPS: ₹3.99 (Basic and Diluted)
Balance Sheet Position (Consolidated as at September 30, 2026):
- Paid-up Equity Share Capital: ₹2,946.71
- Other Equity: ₹8,751.12 (vs ₹7,589.36 as at March 31, 2026)
- Cash and Cash Equivalents: ₹20.96 (vs ₹619.04 as at March 31, 2026)
- Total Assets: ₹24,385.03
Segment-wise Performance:
The Company operates in one operating segment - manufacturing steel products with similar economic characteristics, primarily in India.
Corporate Actions:
- No dividend declared
- No share split or bonus issue
- Post-quarter end: Issued and allotted 86,95,400 fully convertible equity warrants at ₹115.00 per warrant on preferential basis (October 7, 2026)
- Received upfront subscription of ₹28.75 per warrant (25% of issue price) aggregating ₹249.99 million
- Each warrant convertible into one equity share of ₹10 each within 18 months of allotment
Other Significant Information:
- The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS)
- Results reviewed by Audit Committee and approved by Board of Directors
- Limited Review Reports issued by Statutory Auditors S S Kothari Mehta & Co. LLP
- Entities included in consolidation: Sambhv Steel Tubes Limited (Holding Company) and Sambhv Tubes Limited (Subsidiary)
- No exceptional items reported in current period
- No change in accounting policy affecting comparability