Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Year ended 31st March 2026

Nature of Filing / Announcement: Outcome of Board Meeting held on 23rd May 2026

Audit Opinion:

The Statutory Auditors of the Company, M/s. Singhi & Co., Chartered Accountants, have issued an unmodified opinion for both the standalone and consolidated results for the financial year ended 31st March 2026.

Auditor’s Comment: Not Specified

Key Financial Highlights [₹ in Crore]

Standalone Results:

Quarter Ended 31.03.2026 (Unaudited) vs 31.03.2025:

  • Revenue from Operations: ₹1,016.74 vs ₹1,013.09 (0.4% increase)
  • Total Income: ₹1,013.41 vs ₹1,028.38 (1.5% decrease)
  • EBITDA: Not explicitly disclosed
  • Net Profit: ₹159.89 vs ₹115.25 (38.7% increase)
  • EPS (Basic & Diluted): ₹4.54 vs ₹3.27

Year Ended 31.03.2026 (Audited) vs 31.03.2025:

  • Revenue from Operations: ₹4,333.69 vs ₹3,484.17 (24.4% increase)
  • Total Income: ₹4,569.08 vs ₹3,603.87 (26.8% increase)
  • EBITDA: Not explicitly disclosed
  • Net Profit: ₹948.71 vs ₹608.06 (56.0% increase)
  • EPS (Basic & Diluted): ₹26.92 vs ₹17.26
  • Other Equity: ₹6,677.92 (31.03.2026) vs ₹5,783.77 (31.03.2025)
  • Cash and Cash Equivalents: ₹53.84 (31.03.2026) vs ₹23.81 (31.03.2025)
  • Debt: Total Borrowings (Non-current + Current): ₹1,247.43 + ₹131.86 = ₹1,379.29 (31.03.2026) vs ₹1,308.11 + ₹190.57 = ₹1,498.68 (31.03.2025)

Consolidated Results:

Quarter Ended 31.03.2026 vs 31.03.2025:

  • Revenue from Operations: ₹1,253.57 vs ₹1,238.84 (1.2% increase)
  • Total Income: ₹1,258.32 vs ₹1,285.64 (2.1% decrease)
  • EBITDA: Not explicitly disclosed
  • Net Profit: ₹155.15 vs ₹100.38 (54.5% increase)
  • EPS (Basic & Diluted): ₹4.48 vs ₹3.07
  • Net Profit attributable to Owners: ₹157.99 vs ₹108.29

Year Ended 31.03.2026 (Audited) vs 31.03.2025:

  • Revenue from Operations: ₹5,690.45 vs ₹4,642.85 (22.6% increase)
  • Total Income: ₹5,927.54 vs ₹4,815.25 (23.1% increase)
  • EBITDA: Not explicitly disclosed
  • Net Profit: ₹1,109.44 vs ₹702.19 (58.0% increase)
  • EPS (Basic & Diluted): ₹31.38 vs ₹19.86
  • Net Profit attributable to Owners: ₹1,105.86 vs ₹699.82
  • Other Equity: ₹7,334.76 (Attributable to owners, 31.03.2026) vs ₹6,251.19 (31.03.2025)
  • Cash and Cash Equivalents: ₹107.58 (31.03.2026) vs ₹57.82 (31.03.2025)
  • Debt: Total Borrowings (Non-current + Current): ₹2,134.43 + ₹460.72 = ₹2,595.15 (31.03.2026) vs ₹2,341.94 + ₹480.86 = ₹2,822.80 (31.03.2025)

Segment-wise Performance [₹ in Crore]

Standalone (Year Ended 31.03.2026):

Revenue:

  • Steel: ₹1,920.89
  • Ferro Alloys: ₹637.70
  • Power: ₹2,271.67
  • Unallocated: ₹20.18
  • Less: Inter Segment Revenue: ₹516.75
  • Net Sales/Income from operations: ₹4,333.69

Segment Profit before tax and interest:

  • Steel: ₹318.10
  • Ferro Alloys: ₹108.31
  • Power: ₹876.20
  • Total: ₹1,302.61

Consolidated (Year Ended 31.03.2026):

Revenue:

  • Steel: Not separately stated in consolidated segment table
  • Ferro Alloys: Not separately stated in consolidated segment table
  • Power: Not separately stated in consolidated segment table
  • Unallocated: ₹20.48
  • Less: Inter Segment Revenue: ₹752.99
  • Net Sales/Income from operations: ₹5,690.45

Segment Profit before tax and interest:

  • Steel: ₹318.10
  • Ferro Alloys: ₹263.34
  • Power: ₹1,095.02
  • Total: ₹1,676.46

Corporate Actions:

  • Dividend: Recommended, subject to member approval, a dividend of ₹2/- (200%) per equity share of ₹1/- each for FY 2025-26.
  • Share Split/Buyback: Not Specified
  • Capital Raising: Not Specified

Other Significant Information:

  • Capacity Expansion: Approved expansion of Pellet manufacturing capacity by 1.1 MnT (from existing 0.90 MnT) at an approximate investment of ₹500 crore. The project is to be completed within 30 months from the start of work/placement of order. Mode of financing is internal accruals and debt. Rationale is to meet growing consumer demand and achieve economies of scale.
  • Acquisition Impact: The acquisition of SKS Power Generation (Chhattisgarh) Limited on 21st August 2024 makes the current year's power segment results not comparable with the previous year.
  • Labour Codes: The Government of India consolidated multiple labour legislations into four 'New Labour Codes' effective from 21st November 2025. Central Rules were notified on 8th May 2026; State Rules are yet to be notified. The Company has estimated and recorded a past service cost, which is not material.
  • Other Income Composition: Includes interest, share of profit/(loss) in LLP, and effect of change in fair value of market investments (Standalone). Includes effect of mark to market gain/(loss) on investment (Consolidated).
  • Exceptional Item (Consolidated): Includes a power cost incentive of ₹10.24 crore received during the third quarter for earlier years.