Tag
Steel
14 articles
Steel companies are demonstrating varied performance and strategic shifts. Several firms, including Manaksia Steels and Lloyds Metals, reported strong quarterly results, with Manaksia Steels noting a 253% YoY surge in net profit and Lloyds Metals experiencing a 127% revenue increase. RHI Magnesita India highlighted market share gains and operational improvements, while Shri Bajrang Alliance expanded its agro and steel divisions. However, Prakash Industries saw a 22% decline in net profit, and Tulsyan NEC reported significant net losses due to plant shutdowns and debt restructuring. Amidst these developments, JSW Steel and Vardhman Special Steels are actively engaging with investors, and Shankara Buildpro maintains optimistic guidance despite industry headwinds, approving a stock split to enhance liquidity.
Rathi Steel Q1 FY27 PAT Surges 84.56% YoY
Rathi Steel reported unaudited Q1 FY27 standalone results with PAT surging 84.56% YoY to ₹3.48 Cr on revenue of ₹193.41 Cr.
Sales volume grew approximately 30% YoY to 28,372 MT, driven by an optimized
Admach Systems Secures ₹1.59 Crore Bar Handling Order
Admach Systems discloses a new ₹1.59 crore order for a Bar Handling System from a domestic steel manufacturer.
The company's total order book now stands at ₹68.37 crore, providing visibility for futur
IFGL Refractories Q1 FY27 Revenue Up 13% YoY
IFGL reported 13% YoY consolidated revenue growth to INR515 crore in Q1 FY27, driven by strong performance in India and overseas markets.
EBITDA declined 17% YoY to INR31 crore on standalone basis due
Jai Balaji Q1 FY27 Earnings Call Recording Available
Jai Balaji Industries intimated exchanges of audio recording availability for its Q1 FY27 earnings conference call held on August 14, 2026.
The disclosure was made pursuant to SEBI Listing Regulations
National General Industries Q1 Net Profit Rs 72.35 Lakh
National General Industries reported Q1 FY2027 un-audited results with net profit of ₹72.35 lakh versus loss of ₹16.69 lakh in previous quarter.
Company recorded exceptional gain of ₹79.50 lakh and to
Ahmedabad Steelcraft Approves ₹125 Crore Related Party Deals
Board approved Q1 FY26 standalone unaudited financial results prepared under Ind-AS.
Approved omnibus related party transactions totaling ₹125 crore with ABI Energy Solutions and ABI Infratech.
Accept
M&B Engineering Q1 FY27 Revenue Up 23% YoY
M&B Engineering reported Q1 FY27 consolidated revenue of INR291 crores, a 23% YoY growth, with a robust order book of INR1,053 crores.
The company announced a INR30 crore investment to add 10,000 tons
Ahmedabad Steelcraft Q1 FY26 Results, ₹125 Cr RPTs
Board approved Q1 FY26 standalone unaudited financial results with a net profit of ₹0.31 crore on revenue of ₹2.14 crore.
Approved related party transactions totaling ₹125 crore with ABI Energy Soluti
VISL Subsidiary ESL Gets ₹39.58 Crore GST Notice
ESL Steel Limited, a subsidiary of Vedanta Iron and Steel Limited, received a GST intimation proposing a tax liability of ₹39.58 crore for alleged short reversal of Input Tax Credit.
The notice, dated
Himadri Steel Wins Supreme Court Appeal
Supreme Court heard a Special Leave to Appeal petition filed by Himadri Steel Pvt Ltd against Jharkhand Urja Vikas Nigam Ltd.
The appeal challenged the High Court’s final judgment dated 08‑08‑2025 in
Vardhman Special Steels Dematerializes 118 Shares
Vardhman Special Steels Limited submitted a regulatory compliance certificate for July 2026 share dematerialization.
The company dematerialized 118 equity shares across NSDL (60 shares) and CDSL (58 s
Ilex Private Limited Open Market Purchase 6.45 Lakh MSP Steel Shares
MSP Steel & Power discloses promoter group entity Ilex Private Limited purchased 645,000 equity shares on 15th June 2026.
The open market acquisition was valued at ₹2.72 crore, increasing Ilex's holdi
MSP Steel Promoter Groups Purchase 52.1 Lakh Shares
MSP Steel & Power discloses open market equity share purchases by three promoter group entities totaling 52.1 lakh shares.
Sampat Marketing bought 7 lakh shares on June 4, increasing holding to 2.12%
MSP Steel Promoter Group Buys 34.55L Shares
MSP Steel & Power discloses promoter group open market purchases of 34.55 lakh equity shares under SEBI PIT Regulations.
Ginny Traders Pvt Ltd acquired 23.50 lakh shares on June 2, 2026, for ₹99.40 cr