Tag
Iron & Steel
13 articles
Indian iron and steel companies are navigating a mixed financial landscape, with profitability and operational challenges coexisting. Shah Alloys reported a significant first-quarter loss and faces uncertainty regarding its going concern status due to a prolonged plant closure, while Sharda Ispat demonstrated a notable increase in net profit for the same period. Nova Iron and Steel is seeing shifts in promoter shareholdings, with both acquisitions and disposals occurring, potentially reflecting differing views on the company’s future prospects. These developments highlight the sector’s sensitivity to macroeconomic conditions and the need for strategic adjustments to maintain financial stability.
Lloyds Metals Q1 FY27 Revenue Triples to INR7,354 Crores
Lloyds Metals reported consolidated Q1 FY27 revenue of INR7,354 crores, more than tripling year-on-year, with record EBITDA and PAT.
The company commissioned its second pellet plant in May 2026, achie
Jai Balaji Q1 FY27 PAT Rises 21% YoY
Jai Balaji reported Q1 FY27 revenue of ₹1,683 crore with PAT up 21% YoY to ₹85 crore, driven by strong ferroalloy performance.
Management highlighted subdued near-term DI pipe demand due to slow gover
Goodluck India Q1 FY27 Revenue Up 31% YoY
Goodluck India reported strong Q1 FY27 results with 31% revenue growth, 46% EBITDA growth, and 67% PAT growth on a consolidated basis.
The Defence subsidiary received new orders totaling INR 307 crore
NMDC Steel Q1 Net Profit Rises to ₹50.51 Crore
Board approved unaudited Q1 FY27 results with revenue of ₹3,661.84 crore and net profit of ₹50.51 crore.
Company secured term loan of ₹4,476.20 crore from SBI with current interest rate of 8.40% p.a.
Nava Q1 FY27 Investor Call Recording Uploaded
Nava Limited uploaded audio recording of Q1 FY27 investor conference call held on August 14, 2026.
The group meeting discussed company's operational and financial performance for quarter ended June 30
Garg Furnace Q1 FY27 Net Profit ₹1.68 Crore
Garg Furnace reported Q1 FY27 standalone net profit of ₹167.96 lakh, down 36% sequentially from Q4 FY26.
Consolidated revenue declined to ₹591.56 crore from ₹784.83 crore in previous quarter, reflecti
Vaswani Industries Q1 Net Profit Drops 78.4% YoY
Vaswani Industries reported un-audited standalone Q1 FY27 net profit of ₹116.48 lakh, a 78.4% decrease from ₹547.06 lakh in Q1 FY26.
Revenue from operations grew 3.1% YoY to ₹11,778.83 lakh, while tot
SAL Steel Q1 FY27 Net Profit Rs 3.09 Crore
SAL Steel reported Q1 FY27 standalone net profit of Rs 3.09 crore versus Rs 9.67 crore loss YoY on revenue of Rs 87.37 crore.
Board appointed Mrs. Monika Goyal as Non-Executive Independent Woman Direc
Steelco Gujarat Q1 FY27 Net Loss ₹14.98 Crore
Board approved unaudited Q1 FY27 standalone results, reporting a net loss of ₹14.98 crore and negative EPS of ₹28.25.
Company completed a rights issue, allotting 13.30 lakh shares at ₹112 each, raisin
Vraj Iron and Steel Executes ₹11.3 Crore Loan Agreement
Vraj Iron and Steel Limited entered into a ₹11.30 crore loan agreement with associate company Vraj Metaliks Private Limited on August 13, 2026.
The unsecured loan carries 9% annual interest with repay
Nova Iron Promoter Group Equity Share Purchases
Nova Iron discloses promoter group share acquisitions under SEBI insider trading rules.
Olympian Finvest purchased 94,000 equity shares, increasing its stake to 4.29 million shares.
The off-market tra
Afloat Promoter Pawan Mittal Sells 480,000 Shares
• Promoter group member Pawan Kumar Mittal sold 480,000 equity shares (3.82% stake) via open market transaction on June 17, 2026.
• The sale reduced his direct holding from 1,412,525 shares (11.25%) t
Nova Iron Steel Promoter Aniket Singal Acquires Shares
Promoter Aniket Singal acquired 25,000 equity shares in Nova Iron and Steel Limited via off-market transaction on June 9, 2026.
Shareholding increased from 3,025,000 shares (6.05%) to 3,050,000 shares