Iron & Steel: Q1 FY27 results (April-June 2026)

75 companies have declared Iron & Steel Q1 FY27 results so far, the latest on 18 Sep 2026.

Across the 70 non-financial companies with a year-ago quarter to compare, sales grew +12.8% and net profit +40.5% year on year, and the combined operating margin widened 87 bps to 15.3%.

72% of companies grew net profit; 3 turned a loss into a profit; 44% beat their own profit trend and 33% fell short of it.

Updated 12 Oct 2026, 14:33 IST 75 declared 112 due in the next 3 days →

Iron & Steel Q1 FY27 scoreboard

Sales growth
+12.8%
YoY, 70 companies combined; median +14.6%
Net profit growth
+40.5%
YoY combined; median +20.8%
Operating margin
15.3%
+87 bps YoY
Grew profit
72%
3 turnarounds, 0 into loss
Vs own profit trend
44% / 33%
above / below, 23% in line
Price since results
-1.3%
median; 46% of 70 stocks up
Other-income heavy
20
25%+ of pre-tax profit from other income & one-offs

Latest Iron & Steel Q1 FY27 results 75

Page 2 of 3

Prakash Industries Limited

PRAKASH · Iron & Steel · Q1 FY27 · Standalone · Filed
M Cap
₹2,126 Cr
P/E
6.8
PEG
0.32
Since results
-1.5%
  • Profit -23% below its own trend
  • Core business grew faster than reported profit (core profit +1%)
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales -0.5%+12.2% 1,0329201,037
Operating profit +6.8%+3.0% 147143138
OPM % +97 bps-127 bps 14.3%15.5%13.3%
Other income +11.3%+11.3% 6.76.06.0
Net profit -21.7%-23.4% 71.393.091.0
PAT margin % -187 bps-320 bps 6.9%10.1%8.8%
EPS (₹) -22.0%-23.6% 3.985.215.10

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹92.7 Cr: core business ₹86.1 Cr, other income ₹6.7 Cr.

Core profit YoY: +1.2% · reported profit -21.7%

Cash & debt

FY26 cash from operations ₹299 Cr: 90% of FY26 net profit of ₹333 Cr.

Borrowings ₹515 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹908₹1,032 +13.6% above
Net profit₹92.5₹71.3 -23.0% below
AI read of the filing ₹71.27 Cr PAT: Prakash Industries Q1 Profit Drops 22% YoY on New Tax Regime Transition Negative
  • Revenue from operations stood at ₹1,032 Cr, a marginal 0.5% decline compared to ₹1,037 Cr in Q1 FY2026.
  • Net Profit (PAT) decreased by 22% YoY to ₹71.27 Cr due to the expiration of Section 80-IA tax benefits.
  • Sequential revenue growth of 12.2% recorded against ₹919.87 Cr in the preceding quarter (Q4 FY2026).
Full analysis →

Surya Roshni Limited

SURYAROSNI · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹4,534 Cr
P/E
14.6
PEG
—
Since results
-16.0%
  • Profit +116% above its own trend
  • Operating margin expanded 114 bps YoY
  • Core business grew faster than reported profit (core profit +121%)
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +27.5%-5.4% 2,0462,1631,605
Operating profit +60.9%-27.1% 11215469.8
OPM % +114 bps-163 bps 5.5%7.1%4.3%
Other income -37.5%-50.0% 8.016.012.8
Net profit +77.2%-39.2% 59.698.033.6
PAT margin % +82 bps-162 bps 2.9%4.5%2.1%
EPS (₹) +76.8%-39.4% 2.744.521.55

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹80.7 Cr: core business ₹72.7 Cr, other income ₹8.0 Cr.

Core profit YoY: +121.1% · reported profit +77.2%

Cash & debt

FY26 cash from operations ₹401 Cr: 140% of FY26 net profit of ₹285 Cr.

Borrowings ₹80.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,636₹2,046 +25.1% above
Net profit₹27.6₹59.6 +116.2% above
AI read of the filing Surya Roshni Q1 Revenue up 27.5% YoY to ₹2,046 Cr; ₹2.50 Dividend Record Date Fixed Positive
  • Consolidated Revenue from Operations grew to ₹2,046.48 crore in Q1 FY27 from ₹1,604.52 crore in the same quarter last year.
  • Steel Pipe & Strips segment profit (before tax and finance costs) more than doubled to ₹60.46 crore from ₹28.66 crore YoY.
  • Lighting & Consumer Durables segment profit increased 15.3% YoY to ₹25.51 crore.
Full analysis →

Manaksia Steels Limited

MANAKSTEEL · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹730 Cr
P/E
13.2
PEG
0.25
Since results
+35.7%
  • Profit +75% above its own trend
  • Operating margin expanded 530 bps YoY
  • Core business grew faster than reported profit (core profit +339%)
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +50.6%-1.7% 327333217
Operating profit +211.9%-11.7% 33.538.010.8
OPM % +530 bps-117 bps 10.2%11.4%4.9%
Other income +46.4%from loss 3.7-2.02.5
Net profit +249.2%+19.2% 22.619.06.5
PAT margin % +393 bps+121 bps 6.9%5.7%3.0%
EPS (₹) +249.5%+17.3% 3.462.950.99

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹30.5 Cr: core business ₹26.8 Cr, other income ₹3.7 Cr.

Core profit YoY: +339.0% · reported profit +249.2%

Cash & debt

FY26 cash from operations ₹62.0 Cr: 159% of FY26 net profit of ₹39.1 Cr.

Borrowings ₹151 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹393₹327 -16.6% below
Net profit₹13.0₹22.6 +74.6% above
AI read of the filing ₹800 Cr Expansion Approved; Q1 PAT Jumps 249% YoY to ₹22.65 Cr Positive
  • Q1 FY27 Consolidated PAT surged to ₹22.65 Cr from ₹6.49 Cr in the previous year's quarter.
  • Approved ₹800 Cr total investment for Haldia facility expansion, funded via debt and internal accruals.
  • Phase I (₹375 Cr) targets adding 95,000 TPA Cold Rolled and 90,000 TPA Colour Coated capacity by FY30.
Full analysis →

Venus Pipes & Tubes Limited

VENUSPIPES · Iron & Steel · Q1 FY27 · Standalone · Filed
M Cap
₹4,229 Cr
P/E
40.7
PEG
1.27
Since results
+31.2%
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +16.1%+6.1% 321302276
Operating profit +14.5%+5.1% 51.549.045.0
OPM % -23 bps-15 bps 16.1%16.2%16.3%
Other income -32.8%+34.5% 2.72.04.0
Net profit +5.6%+1.6% 26.426.025.0
PAT margin % -82 bps-37 bps 8.2%8.6%9.1%
EPS (₹) +5.5%+3.6% 12.7512.3112.08

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹35.7 Cr: core business ₹33.0 Cr, other income ₹2.7 Cr.

Core profit YoY: +10.1% · reported profit +5.6%

Cash & debt

FY26 cash from operations ₹112 Cr: 109% of FY26 net profit of ₹103 Cr.

Borrowings ₹197 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹337₹321 -5.0% below
Net profit₹27.1₹26.4 -2.5% in line
AI read of the filing Venus Pipes Q1 FY27: Revenue grows 16% YoY to ₹320.5 Cr; PAT at ₹26.4 Cr Positive
  • Revenue from operations reached ₹320.54 Cr, a 15.9% increase over the ₹276.41 Cr reported in Q1 FY26.
  • Net Profit after tax stood at ₹26.41 Cr, up 6.7% from ₹24.76 Cr in the same quarter last year.
  • Cost of materials consumed was ₹232.06 Cr, accounting for approximately 72.4% of total revenue.
Full analysis →

Hisar Metal Industries Limited

HISARMETAL · Iron & Steel · Q1 FY27 · Standalone · Filed
M Cap
₹77.0 Cr
P/E
16.2
PEG
—
Since results
-5.6%
  • Profit +256% above its own trend
  • Operating margin expanded 272 bps YoY
  • Core business grew faster than reported profit (core profit +606%)
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +3.7%-10.6% 64.472.062.1
Operating profit +69.0%+40.2% 4.53.22.7
OPM % +272 bps+255 bps 7.0%4.5%4.3%
Other income -65.2%-87.5% 0.10.60.2
Net profit +328.6%+136.8% 1.80.80.4
PAT margin % +212 bps+174 bps 2.8%1.1%0.7%
EPS (₹) +326.9%+136.2% 3.331.410.78

Quality of profit

Core 97%Other income & one-offs 3%

Pre-tax profit ₹2.4 Cr: core business ₹2.3 Cr, other income ₹0.1 Cr.

Core profit YoY: +606.1% · reported profit +328.6%

Cash & debt

FY26 cash from operations ₹11.0 Cr: 325% of FY26 net profit of ₹3.4 Cr.

Borrowings ₹87.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹67.4₹64.4 -4.5% in line
Net profit₹0.5₹1.8 +256.4% above
AI read of the filing HISARMETAL Q1 Results: Net Profit Surges 328% YoY to ₹1.80 Cr Positive
  • Net Profit increased by 328.6% YoY to ₹1.80 cr from ₹0.42 cr.
  • Revenue from operations grew 3.7% YoY to ₹64.42 cr from ₹62.10 cr.
  • Finance costs reduced by 13.7% YoY to ₹1.45 cr from ₹1.68 cr.
Full analysis →

Bharat Wire Ropes Limited

BHARATWIRE · Iron & Steel · Q1 FY27 · Standalone · Filed
M Cap
₹1,154 Cr
P/E
16.9
PEG
3.38
Since results
-17.7%
  • Profit -25% below its own trend
  • Operating margin contracted 155 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales -8.2%-7.5% 130141142
Operating profit -14.9%-14.9% 25.530.030.0
OPM % -155 bps-170 bps 19.6%21.3%21.1%
Other income —— 0.30.00.0
Net profit -23.6%-23.6% 12.216.016.0
PAT margin % -189 bps-197 bps 9.4%11.3%11.3%
EPS (₹) -21.5%-25.4% 1.792.402.28

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹16.5 Cr: core business ₹16.2 Cr, other income ₹0.3 Cr.

Core profit YoY: -19.0% · reported profit -23.6%

Cash & debt

FY26 cash from operations ₹98.0 Cr: 136% of FY26 net profit of ₹72.0 Cr.

Borrowings ₹75.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹138₹130 -5.8% below
Net profit₹16.4₹12.2 -25.3% below
AI read of the filing Bharat Wire Q1 Net Profit Drops 21.6% YoY to ₹12.23 Cr; Revenue Down 8% Negative
  • Revenue from operations fell to ₹130.39 Cr in Q1 FY27 compared to ₹141.65 Cr in Q1 FY26.
  • Net profit for the quarter stood at ₹12.23 Cr, down from ₹15.61 Cr in the year-ago period.
  • Finance costs decreased by 27.4% YoY to ₹2.76 Cr, reflecting improved debt management.
Full analysis →

Godawari Power And Ispat limited

GPIL · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹13,433 Cr
P/E
16.6
PEG
—
Since results
-13.3%
  • Operating margin contracted 542 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +32.3%+8.7% 1,7501,6101,323
Operating profit +3.0%-24.0% 334439324
OPM % -542 bps-820 bps 19.1%27.3%24.5%
Other income +48.0%+113.7% 38.518.026.0
Net profit +2.9%-20.6% 222280216
PAT margin % -362 bps-469 bps 12.7%17.4%16.3%
EPS (₹) +11.1%-13.9% 3.594.173.23

Quality of profit

Core 87%Other income & one-offs 13%

Pre-tax profit ₹302 Cr: core business ₹263 Cr, other income ₹38.5 Cr.

Core profit YoY: -0.6% · reported profit +2.9%

Cash & debt

FY26 cash from operations ₹1,157 Cr: 144% of FY26 net profit of ₹801 Cr.

Borrowings ₹443 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,335₹1,750 +31.2% above
Net profit₹217₹222 +2.7% in line
AI read of the filing GPIL Q1 Revenue Grows 32% YoY to ₹1,750 Cr; 31.9 MW Power Capacity Commissioned Positive
  • Consolidated Revenue from operations increased to ₹1,750.47 Cr from ₹1,323.25 Cr in the year-ago quarter.
  • Commissioned 25 MW Solar Power plant on May 19, 2026, and 6.91 MW Waste Heat Recovery plant on June 23, 2026.
  • Invested ₹24.83 Cr in Godawari New Energy Private Limited for a Battery Energy Storage System (BESS) project.
Full analysis →

Maharashtra Seamless Limited

MAHSEAMLES · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹8,282 Cr
P/E
11.2
PEG
—
Since results
+3.6%
  • Profit +24% above its own trend
  • Operating margin expanded 204 bps YoY
  • 53% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales -4.7%-14.7% 1,0911,2801,145
Operating profit +8.5%-21.9% 183234169
OPM % +204 bps-152 bps 16.8%18.3%14.7%
Other income +6.8%from loss 171-51.0160
Net profit +15.7%+158.6% 266103230
PAT margin % +430 bps+1637 bps 24.4%8.0%20.1%
EPS (₹) +15.6%+159.2% 19.887.6717.19

Quality of profit

Core 47%Other income & one-offs 53%

Pre-tax profit ₹322 Cr: core business ₹152 Cr, other income ₹171 Cr.

Core profit YoY: +6.0% · reported profit +15.7%

Cash & debt

FY26 cash from operations ₹933 Cr: 133% of FY26 net profit of ₹701 Cr.

Borrowings ₹13.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,016₹1,091 +7.4% above
Net profit₹216₹266 +23.5% above
AI read of the filing Maharashtra Seamless Q1 PAT Rises 15.7% YoY to ₹266 Cr; Revenue Dips 4.5% to ₹1,091 Cr Positive
  • Consolidated Net Profit (Owners) increased 15.7% YoY to ₹266.40 Cr from ₹230.32 Cr.
  • Revenue from operations declined 4.5% YoY to ₹1,091.20 Cr compared to ₹1,142.86 Cr in Jun 2025.
  • Other Income contributed ₹174.42 Cr to the consolidated total income, a key driver for the profit beat.
Full analysis →

Kalyani Steels Limited

KSL · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹4,094 Cr
P/E
15.5
PEG
—
Since results
+11.3%
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +4.9%-4.1% 465484443
Operating profit +7.1%-7.7% 91.499.085.3
OPM % +39 bps-77 bps 19.7%20.4%19.3%
Other income +3.7%+6.4% 15.814.915.2
Net profit +10.6%-4.8% 68.271.761.7
PAT margin % +76 bps-11 bps 14.7%14.8%13.9%
EPS (₹) +10.6%-4.8% 15.6316.4214.13

Quality of profit

Core 83%Other income & one-offs 17%

Pre-tax profit ₹91.8 Cr: core business ₹76.0 Cr, other income ₹15.8 Cr.

Core profit YoY: +12.1% · reported profit +10.6%

Cash & debt

FY26 cash from operations ₹141 Cr: 55% of FY26 net profit of ₹258 Cr.

Borrowings ₹475 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹416₹465 +11.5% above
Net profit₹62.5₹68.2 +9.2% in line
AI read of the filing KSL Q1 FY27 Results: Net Profit Grows 10.9% YoY to ₹67.61 Cr Neutral
  • Standalone Revenue from Operations stood at ₹464.58 Cr, representing ~25% of TTM revenue.
  • Net Profit after tax increased to ₹67.61 Cr from ₹60.97 Cr in the year-ago period.
  • Earnings Per Share (EPS) for the quarter was ₹15.49, compared to ₹13.97 in Q1 FY26.
Full analysis →

Interarch Building Solutions Limited

INTERARCH · Iron & Steel · Q1 FY27 · Standalone · Filed
M Cap
₹2,859 Cr
P/E
20.6
PEG
1.08
Since results
-8.5%
  • Profit -26% below its own trend
  • Core business grew faster than reported profit (core profit +23%)
  • Operating cash flow was negative in FY26 despite a profit
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +20.6%-8.8% 460504381
Operating profit +23.2%-25.6% 39.453.032.0
OPM % +18 bps-194 bps 8.6%10.5%8.4%
Other income -70.0%-40.0% 3.05.010.0
Net profit +0.9%-23.7% 28.237.028.0
PAT margin % -120 bps-120 bps 6.1%7.3%7.3%
EPS (₹) -1.2%-22.8% 16.8421.8217.05

Quality of profit

Core 92%Other income & one-offs 8%

Pre-tax profit ₹37.6 Cr: core business ₹34.6 Cr, other income ₹3.0 Cr.

Core profit YoY: +23.4% · reported profit +0.9%

Cash & debt

FY26 cash from operations −₹19.0 Cr: -14% of FY26 net profit of ₹139 Cr.

Borrowings ₹18.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹397₹460 +15.7% above
Net profit₹38.1₹28.2 -25.9% below
AI read of the filing ₹250 Cr QIP and 1:5 Stock Split Approved by Interarch Building Solutions Positive
  • Approved raising up to ₹250 Cr through QIP, a 150% increase from the previously approved ₹100 Cr limit
  • Announced a 1:5 stock split, sub-dividing each ₹10 face value share into five ₹2 face value shares
  • Fixed September 3, 2026, as the record date for the final dividend for FY 2025-26
Full analysis →

Goodluck India Limited

GOODLUCK · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹4,988 Cr
P/E
23.8
PEG
0.88
Since results
+1.4%
  • Profit +54% above its own trend
  • Operating margin expanded 110 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +30.9%+18.3% 1,2871,088983
Operating profit +46.2%+19.4% 13511392.2
OPM % +110 bps+9 bps 10.5%10.4%9.4%
Other income +34.4%-46.9% 4.89.03.6
Net profit +67.4%+20.0% 67.256.040.2
PAT margin % +114 bps+7 bps 5.2%5.1%4.1%
EPS (₹) +51.6%+16.6% 19.1316.4112.62

Quality of profit

Core 95%Other income & one-offs 5%

Pre-tax profit ₹88.3 Cr: core business ₹83.5 Cr, other income ₹4.8 Cr.

Core profit YoY: +67.8% · reported profit +67.4%

Cash & debt

FY26 cash from operations ₹200 Cr: 110% of FY26 net profit of ₹182 Cr.

Borrowings ₹1,119 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,029₹1,287 +25.1% above
Net profit₹43.7₹67.2 +53.9% above
AI read of the filing Goodluck India Q1 Results: PAT up 67% YoY to ₹67.2 Cr; 2:1 Bonus Issue Announced Positive
  • Consolidated Revenue increased 31% YoY to ₹1,292.22 Cr from ₹986.85 Cr
  • Net Profit grew 67% YoY to ₹67.22 Cr compared to ₹40.15 Cr in the previous year's quarter
  • Board approved a 2:1 bonus issue (2 new shares for every 1 existing share)
Full analysis →

JTL INDUSTRIES LIMITED

JTLIND · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹3,301 Cr
P/E
27.1
PEG
9.02
Since results
+8.3%
  • Profit +125% above its own trend
  • Operating margin expanded 384 bps YoY
  • Core business grew faster than reported profit (core profit +170%)
  • Operating cash flow was negative in FY26 despite a profit
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +32.7%+4.1% 722693544
Operating profit +151.2%+1.2% 58.758.023.4
OPM % +384 bps-23 bps 8.1%8.4%4.3%
Other income -18.0%+371.4% 4.71.05.7
Net profit +113.7%-6.9% 35.438.016.5
PAT margin % +186 bps-58 bps 4.9%5.5%3.0%
EPS (₹) +114.3%+0.0% 0.900.900.42

Quality of profit

Core 90%Other income & one-offs 10%

Pre-tax profit ₹48.4 Cr: core business ₹43.7 Cr, other income ₹4.7 Cr.

Core profit YoY: +170.4% · reported profit +113.7%

Cash & debt

FY26 cash from operations −₹67.0 Cr: -65% of FY26 net profit of ₹103 Cr.

Borrowings ₹244 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹570₹722 +26.5% above
Net profit₹15.7₹35.4 +124.8% above
AI read of the filing ₹35.37 Cr Q1 PAT: JTL Industries reports 113% YoY profit growth on 32.7% revenue rise Positive
  • Consolidated Revenue increased 32.7% YoY to ₹721.61 Cr from ₹543.86 Cr
  • Consolidated PAT surged 113.7% YoY to ₹35.37 Cr from ₹16.55 Cr
  • Consolidated EPS improved significantly to ₹0.90 from ₹0.42 in the year-ago quarter
Full analysis →

Kritika Wires Limited

KRITIKA · Iron & Steel · Q1 FY27 · Standalone · Filed
M Cap
₹129 Cr
P/E
20.1
PEG
2.51
Since results
-18.7%
  • Profit +87% above its own trend
  • 94% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -91%)
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales -21.8%+10.3% 162147207
Operating profit -21.2%-22.4% 2.43.13.0
OPM % +1 bps-62 bps 1.5%2.1%1.5%
Other income +56.8%+82.3% 1.30.70.9
Net profit +15.9%-22.0% 1.62.01.4
PAT margin % +32 bps-41 bps 1.0%1.4%0.7%
EPS (₹) +20.0%-25.0% 0.060.080.05

Quality of profit

Core 6%Other income & one-offs 94%

Pre-tax profit ₹1.4 Cr: core business ₹0.1 Cr, other income ₹1.3 Cr.

Core profit YoY: -91.3% · reported profit +15.9%

Cash & debt

FY26 cash from operations ₹19.0 Cr: 306% of FY26 net profit of ₹6.2 Cr.

Borrowings ₹55.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹210₹162 -23.0% below
Net profit₹0.9₹1.6 +87.1% above
AI read of the filing Kritika Wires Approves Unaudited Financial Results for Q1 FY27 (Quarter Ended June 30, 2026) Neutral
  • Board approved unaudited financial results for the quarter ended June 30, 2026
  • Company is targeting a 59% revenue growth rate through volumetric expansion
  • Current installed capacity stands at 66,200 MTPA across two manufacturing plants
Full analysis →

Geekay Wires Limited

GEEKAYWIRE · Iron & Steel · Q1 FY27 · Standalone · Filed
M Cap
₹336 Cr
P/E
11.7
PEG
2.93
Since results
+36.9%
  • 77% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +3.5%-13.2% 94.910991.7
Operating profit -9.9%-37.1% 5.68.96.2
OPM % -87 bps-224 bps 5.9%8.1%6.8%
Other income -18.7%+28.3% 6.04.67.3
Net profit -19.8%-14.6% 5.86.87.2
PAT margin % -176 bps-10 bps 6.1%6.2%7.8%
EPS (₹) +700.0%+749.2% 5.520.650.69

Quality of profit

Core 23%Other income & one-offs 77%

Pre-tax profit ₹7.7 Cr: core business ₹1.7 Cr, other income ₹6.0 Cr.

Core profit YoY: -23.3% · reported profit -19.8%

Cash & debt

FY26 cash from operations ₹21.0 Cr: 70% of FY26 net profit of ₹30.1 Cr.

Borrowings ₹144 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹89.3₹94.9 +6.3% above
Net profit₹6.2₹5.8 -6.7% in line
AI read of the filing Geekay Wires Q1 Net Profit Drops 19.7% YoY to ₹5.77 Cr; Revenue Down 3.4% Negative
  • Net profit for Q1 FY27 stood at ₹5.77 Cr, down 19.7% from ₹7.19 Cr in Q1 FY26.
  • Revenue from operations decreased to ₹91.74 Cr, a 3.4% decline YoY and a 16.1% decline QoQ.
  • Export revenue contributed ₹43.66 Cr, representing 47.6% of the total revenue from operations.
Full analysis →

DEE Development Engineers Limited

DEEDEV · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹4,546 Cr
P/E
56.4
PEG
0.64
Since results
-11.0%
  • Profit +38% above its own trend
  • Operating margin expanded 510 bps YoY
  • Core business grew faster than reported profit (core profit +804%)
  • FY26 operating cash flow was only 26% of profit
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +31.6%-18.7% 294362224
Operating profit +88.4%-22.3% 49.764.026.4
OPM % +510 bps-79 bps 16.9%17.7%11.8%
Other income +198.1%-38.0% 2.54.00.8
Net profit +22.4%-42.6% 16.128.013.1
PAT margin % -41 bps-227 bps 5.5%7.7%5.9%
EPS (₹) +22.0%-42.3% 2.334.041.91

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹20.1 Cr: core business ₹17.6 Cr, other income ₹2.5 Cr.

Core profit YoY: +803.9% · reported profit +22.4%

Cash & debt

FY26 cash from operations ₹20.0 Cr: 26% of FY26 net profit of ₹77.7 Cr.

Borrowings ₹705 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹297₹294 -0.9% in line
Net profit₹11.7₹16.1 +37.7% above
AI read of the filing DEEDEV Board Approves Q1 Results, Rs 1 Cr Salary Hike for WTD, and Rs 2,000 Cr Loan Clause Neutral
  • Authorised share capital increased from Rs 85 Cr to Rs 95 Cr to accommodate future requirements.
  • Whole-time Director Shikha Bansal's remuneration increased by Rs 1 Cr, from Rs 38.49 Lakhs to Rs 1.38 Crore per annum.
  • Approved a Rs 2,000 Cr loan facility with a lender option to convert outstanding debt into equity upon default.
Full analysis →

Sambhv Steel Tubes Limited

SAMBHV · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹4,727 Cr
P/E
10.7
PEG
—
Since results
+35.6%
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +31.1%+6.8% 732685559
Operating profit +30.9%+3.1% 95.192.372.7
OPM % -2 bps-47 bps 13.0%13.5%13.0%
Other income +521.0%+23.9% 4.83.90.8
Net profit +66.9%+6.0% 56.553.333.9
PAT margin % +166 bps-6 bps 7.7%7.8%6.1%
EPS (₹) +36.2%+6.1% 1.921.811.41

Quality of profit

Core 94%Other income & one-offs 6%

Pre-tax profit ₹76.9 Cr: core business ₹72.0 Cr, other income ₹4.8 Cr.

Core profit YoY: +60.5% · reported profit +66.9%

AI read of the filing Rs 25 Cr Solar Plant Approval and Full Utilization of Rs 440 Cr IPO Proceeds Neutral
  • Approved an 8MW captive solar power plant at an estimated cost of Rs 25 crore (Rs 250 million)
  • Solar project timeline: Phase I (3.2 MW) by FY28 and Phase II (4.8 MW) by FY29
  • Fully utilized Rs 440 crore IPO proceeds, including Rs 390 crore for debt repayment
Full analysis →

Jindal Stainless Limited

JSL · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹58,422 Cr
P/E
18.0
PEG
1.20
Since results
-3.6%
  • Profit -17% below its own trend
  • Operating margin contracted 105 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +10.5%-0.5% 11,27911,33710,207
Operating profit +1.5%-8.7% 1,3291,4551,310
OPM % -105 bps-105 bps 11.8%12.8%12.8%
Other income +122.2%+82.1% 15384.068.9
Net profit +7.6%-7.8% 769834715
PAT margin % -19 bps-54 bps 6.8%7.4%7.0%
EPS (₹) +7.7%-8.7% 9.3410.238.67

Quality of profit

Core 85%Other income & one-offs 15%

Pre-tax profit ₹1,034 Cr: core business ₹881 Cr, other income ₹153 Cr.

Core profit YoY: -3.6% · reported profit +7.6%

Cash & debt

FY26 cash from operations ₹3,395 Cr: 107% of FY26 net profit of ₹3,184 Cr.

Borrowings ₹7,460 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹11,198₹11,279 +0.7% in line
Net profit₹926₹769 -17.0% below
AI read of the filing JSL Q1 FY27: Standalone PAT drops 32% QoQ to ₹605.89 Cr amid rising power and fuel costs Negative
  • Standalone Revenue stood at ₹10,676.55 cr, showing a 3.2% growth over the ₹10,340.51 cr reported in Q1 FY26.
  • Standalone PAT declined 32% QoQ to ₹605.89 cr from ₹891.57 cr in the preceding March quarter.
  • Power and fuel expenses increased significantly to ₹819.19 cr compared to ₹613.34 cr in Q4 FY26.
Full analysis →

Sarda Energy & Minerals Limited

SARDAEN · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹16,955 Cr
P/E
14.7
PEG
—
Since results
-6.2%
  • Profit -31% below its own trend
  • Operating margin expanded 284 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales -1.5%+28.2% 1,6081,2541,633
Operating profit +5.9%+87.8% 653348617
OPM % +284 bps+1288 bps 40.6%27.8%37.8%
Other income +36.3%— 1085.079.6
Net profit +9.5%+208.5% 478155437
PAT margin % +300 bps+1737 bps 29.7%12.4%26.7%
EPS (₹) +5.4%+190.2% 13.004.4812.33

Quality of profit

Core 82%Other income & one-offs 18%

Pre-tax profit ₹615 Cr: core business ₹506 Cr, other income ₹108 Cr.

Core profit YoY: +6.9% · reported profit +9.5%

Against its own trend ?

TrendActualGap
Sales₹1,903₹1,608 -15.5% below
Net profit₹689₹478 -30.6% below
AI read of the filing Sarda Energy Q1 PAT at ₹478 Cr; Board Approves ₹1,000 Cr Debt Fundraise Positive
  • Consolidated Net Profit reached ₹478.13 Cr, aided by a ₹110.21 Cr net gain from Sikkim Hydropower project adjustments.
  • Board approved seeking shareholder consent for raising up to ₹1,000 Cr via debt instruments.
  • Consolidated Revenue from Operations stood at ₹1,608.04 Cr, compared to ₹1,633.11 Cr in the year-ago period.
Full analysis →

APL Apollo Tubes Limited

APLAPOLLO · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹58,700 Cr
P/E
47.8
PEG
2.08
Since results
+18.2%
  • Profit +72% above its own trend
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +8.4%-10.6% 5,6076,2695,170
Operating profit +10.6%-19.5% 411511372
OPM % +14 bps-82 bps 7.3%8.2%7.2%
Other income +52.0%+9.8% 39.536.026.0
Net profit +126.7%-25.7% 263354116
PAT margin % +245 bps-95 bps 4.7%5.6%2.2%
EPS (₹) +126.8%-25.7% 9.4812.764.18

Quality of profit

Core 89%Other income & one-offs 11%

Pre-tax profit ₹352 Cr: core business ₹313 Cr, other income ₹39.5 Cr.

Core profit YoY: +9.8% · reported profit +126.7%

Cash & debt

FY26 cash from operations ₹2,103 Cr: 194% of FY26 net profit of ₹1,082 Cr.

Borrowings ₹498 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹5,665₹5,607 -1.0% in line
Net profit₹153₹263 +72.0% above
AI read of the filing APL Apollo Q1 FY27: ₹160 Cr Subsidiary Sale and Manufacturing Consolidation Approved Neutral
  • Divestment of Blue Ocean Projects Private Limited for a total consideration of ₹160.00 cr
  • Operating margin for Q1 FY27 reported at 5.70%, down from 7.19% in the preceding quarter
  • Consolidation of manufacturing operations by closing the A-25 unit at Sikandrabad, Uttar Pradesh
Full analysis →

MSP Steel & Power Limited

MSPL · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹1,720 Cr
P/E
45.6
PEG
0.68
Since results
-13.3%
  • Profit -27% below its own trend
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +16.2%+1.3% 827816711
Operating profit +16.8%-31.7% 52.677.045.0
OPM % +3 bps-308 bps 6.4%9.4%6.3%
Other income +155.5%+155.5% 2.61.01.0
Net profit +22.1%-74.1% 22.085.018.0
PAT margin % +13 bps-776 bps 2.7%10.4%2.5%
EPS (₹) +25.8%-74.0% 0.391.500.31

Quality of profit

Core 91%Other income & one-offs 9%

Pre-tax profit ₹29.8 Cr: core business ₹27.3 Cr, other income ₹2.6 Cr.

Core profit YoY: +29.8% · reported profit +22.1%

Cash & debt

FY26 cash from operations ₹148 Cr: 439% of FY26 net profit of ₹33.7 Cr.

Borrowings ₹321 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹694₹827 +19.1% above
Net profit₹29.9₹22.0 -26.5% below
AI read of the filing Zero Loan Defaults Reported as MSPL Approves Q1 FY27 Financial Results Neutral
  • Approved unaudited financial results for the quarter ended 30th June 2026
  • Reported 0 defaults on loans and revolving facilities from banks
  • Reported 0 defaults on unlisted debt securities (NCDs and NCRPS)
Full analysis →

Tata Steel Limited

TATASTEEL · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹2,16,804 Cr
P/E
19.2
PEG
1.92
Since results
-7.2%
  • Profit -41% below its own trend
  • Operating margin expanded 127 bps YoY
  • Exceptional items of ₹-345 Cr in the quarter
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +14.3%-3.9% 60,79463,27053,178
Operating profit +24.7%-5.7% 9,2649,8297,428
OPM % +127 bps-30 bps 15.2%15.5%14.0%
Other income -36.8%+454.0% 23342.0368
Net profit +18.8%-19.6% 2,3852,9652,007
PAT margin % +15 bps-76 bps 3.9%4.7%3.8%
EPS (₹) +11.4%-20.5% 1.862.341.67

Quality of profit

Pre-tax profit ₹3,838 Cr: core business ₹3,854 Cr, other income ₹233 Cr, exceptional & other items −₹249 Cr.

Core profit YoY: +36.2% · reported profit +18.8%

Cash & debt

FY26 cash from operations ₹35,064 Cr: 322% of FY26 net profit of ₹10,886 Cr.

Borrowings ₹92,382 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹57,201₹60,794 +6.3% above
Net profit₹4,015₹2,385 -40.6% below
AI read of the filing ₹33,873 Cr Capex Approved for 4.8 MTPA NINL Expansion; Q1 FY27 Results Released Watch
  • Approved 4.8 MTPA steelmaking capacity expansion at NINL with an estimated capex of ₹33,873 crore
  • Reported a material uncertainty regarding the Netherlands operations (TSN) due to potential early closure of Coke Ovens 1 and 2
  • Incurred an additional depreciation charge of ₹294.49 crore in Q1 FY27, with ₹1,178 crore expected for the full year
Full analysis →

Oil Country Tubular Limited

OILCOUNTUB · Iron & Steel · Q1 FY27 · Standalone · Filed
M Cap
₹485 Cr
P/E
—
PEG
—
Since results
+48.3%
  • Operating margin contracted 2963 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales -30.3%-41.9% 17.430.025.0
Operating profit -87.7%-44.5% 1.12.09.0
OPM % -2963 bps-30 bps 6.4%6.7%36.0%
Other income —-60.3% 0.41.00.0
Net profit loss widenedloss widened -15.1-14.0-9.0
PAT margin % -5064 bps-3997 bps -86.6%-46.7%-36.0%
EPS (₹) loss widenedloss widened -2.90-2.62-1.69

Quality of profit

Pre-tax profit −₹15.2 Cr: core business −₹15.6 Cr, other income ₹0.4 Cr.

Core profit YoY: loss widened

Cash & debt

FY26 cash from operations −₹4.0 Cr.

Borrowings ₹25.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹16.6₹17.4 +4.9% in line
AI read of the filing Oil Country Tubular Approves Q1 FY26 Results; Board Meeting Concluded July 30, 2026 Neutral
  • Board meeting held on July 30, 2026, lasting 1 hour and 35 minutes (11:00 AM to 12:35 PM).
  • Approval of Un-Audited Standalone Financial Results for the quarter ended June 30, 2026.
  • TTM revenue of ₹25 Cr is exactly equal to the company's total debt of ₹25 Cr.
Full analysis →

Vedanta Iron and Steel Limited

VISL · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹11,375 Cr
P/E
—
PEG
—
Since results
-6.1%
  • 54% of pre-tax profit came from other income and one-off items
₹ Cr Jun 2026
Sales 3,662
Operating profit 508
OPM % 13.9%
Other income 89.0
Net profit 121
PAT margin % 3.3%
EPS (₹) 0.31

First results we hold for this company (a recent listing or a first filing), so there is no earlier quarter to compare with.

Quality of profit

Core 46%Other income & one-offs 54%

Pre-tax profit ₹165 Cr: core business ₹76.0 Cr, other income ₹89.0 Cr.

AI read of the filing VISL Allots 391 Crore Shares Post-Demerger; Reports Q1 FY27 Results Neutral
  • Allotted 3,91,03,88,057 equity shares of ₹1 each to Vedanta Limited shareholders on May 4, 2026
  • Acquired MetCoke business from MALCO Energy for a consideration of ₹1 on April 30, 2026
  • Recognized a ₹853 crore impairment provision in FY26 for the Western Cluster project in Liberia
Full analysis →

Aeroflex Industries Limited

AEROFLEX · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹6,888 Cr
P/E
102.6
PEG
5.13
Since results
+41.1%
  • Profit +156% above its own trend
  • Operating margin expanded 518 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +73.1%+15.5% 14512684.0
Operating profit +123.3%+11.5% 33.530.015.0
OPM % +518 bps-82 bps 23.0%23.9%17.9%
Other income —-3.6% 0.60.60.0
Net profit +168.5%+6.6% 18.817.67.0
PAT margin % +459 bps-109 bps 12.9%14.0%8.3%
EPS (₹) +158.2%+4.4% 1.421.360.55

Quality of profit

Core 98%Other income & one-offs 2%

Pre-tax profit ₹25.9 Cr: core business ₹25.3 Cr, other income ₹0.6 Cr.

Core profit YoY: +181.1% · reported profit +168.5%

Cash & debt

FY26 cash from operations ₹66.0 Cr: 119% of FY26 net profit of ₹55.4 Cr.

Borrowings ₹9.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹99.9₹145 +45.5% above
Net profit₹7.4₹18.8 +155.6% above
AI read of the filing Aeroflex Q1 FY27 PAT Jumps 162% YoY to ₹18.79 Cr; Liquid Cooling Capacity Up 50% Positive
  • Consolidated Revenue from operations increased 72.3% YoY to ₹145.32 Cr in Q1 FY27.
  • Net Profit (PAT) grew 162% YoY to ₹18.79 Cr compared to ₹7.17 Cr in Q1 FY26.
  • Liquid cooling SFN skid assembly capacity expanded by 50%, from 6,000 to 9,000 pieces per annum.
Full analysis →

Usha Martin Limited

USHAMART · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹15,282 Cr
P/E
30.1
PEG
2.31
Since results
-0.8%
  • Profit +29% above its own trend
  • Operating margin expanded 384 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +16.4%+5.5% 1,033979887
Operating profit +43.8%-1.9% 208212145
OPM % +384 bps-152 bps 20.1%21.7%16.3%
Other income -32.2%-35.6% 13.521.020.0
Net profit +40.9%-4.0% 142148101
PAT margin % +239 bps-137 bps 13.8%15.1%11.4%
EPS (₹) +40.8%-3.9% 4.664.853.31

Quality of profit

Core 93%Other income & one-offs 7%

Pre-tax profit ₹184 Cr: core business ₹171 Cr, other income ₹13.5 Cr.

Core profit YoY: +55.5% · reported profit +40.9%

Cash & debt

FY26 cash from operations ₹655 Cr: 140% of FY26 net profit of ₹467 Cr.

Borrowings ₹229 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹949₹1,033 +8.9% above
Net profit₹110₹142 +29.3% above
AI read of the filing Usha Martin Q1 FY27: Subsidiaries Generate ₹638 Cr Revenue; Legal Hearings Set for August 2026 Watch
  • Nineteen subsidiaries reported a combined revenue of ₹638.43 Cr and a net profit of ₹40.83 Cr for the quarter ended June 30, 2026.
  • Legal attachment of Ranchi land parcels worth ₹190.37 Cr remains a significant contingent matter under PMLA and CBI investigation.
  • Specific court hearing dates for CBI and ED matters are confirmed for August 13 and August 17, 2026.
Full analysis →

Steel Authority of India Limited

SAIL · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹70,859 Cr
P/E
16.6
PEG
0.66
Since results
+7.6%
  • Profit +10% above its own trend
  • Operating margin expanded 514 bps YoY
  • Exceptional items of ₹-144 Cr in the quarter
  • Core business grew faster than reported profit (core profit +186%)
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +1.2%-14.8% 26,24630,81325,922
Operating profit +50.0%-5.8% 4,1534,4092,769
OPM % +514 bps+151 bps 15.8%14.3%10.7%
Other income -12.5%+1.8% 206202235
Net profit +120.8%-10.4% 1,6441,835745
PAT margin % +339 bps+31 bps 6.3%6.0%2.9%
EPS (₹) +121.1%-10.4% 3.984.441.80

Quality of profit

Core 96%Other income & one-offs 4%

Pre-tax profit ₹2,187 Cr: core business ₹2,099 Cr, other income ₹206 Cr, exceptional & other items −₹118 Cr.

Core profit YoY: +186.4% · reported profit +120.8%

Cash & debt

FY26 cash from operations ₹19,039 Cr: 565% of FY26 net profit of ₹3,372 Cr.

Borrowings ₹31,928 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹28,027₹26,246 -6.4% below
Net profit₹1,489₹1,644 +10.4% above
AI read of the filing SAIL Q1 FY27 PAT jumps 121% to ₹1,644 Cr despite flat revenue growth Positive
  • Consolidated Net Profit surged 120.8% YoY to ₹1,644.05 cr from ₹744.58 cr in the previous year's quarter.
  • Revenue from operations stood at ₹26,245.64 cr, representing approximately 23.7% of TTM revenue.
  • Exceptional item of ₹144.01 cr recognized during the quarter related to employee voluntary retirement.
Full analysis →

Mangalam Worldwide Limited

MWL · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹1,234 Cr
P/E
23.7
PEG
0.44
Since results
+14.9%
  • Profit -29% below its own trend
  • Operating margin expanded 340 bps YoY
  • FY26 operating cash flow was only 48% of profit
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +14.6%+19.3% 316265276
Operating profit +81.8%+3.9% 29.128.016.0
OPM % +340 bps-137 bps 9.2%10.6%5.8%
Other income -78.4%-68.1% 0.62.03.0
Net profit +20.2%-19.8% 12.015.010.0
PAT margin % +18 bps-186 bps 3.8%5.7%3.6%
EPS (₹) +17.6%-22.4% 4.015.173.41

Quality of profit

Core 95%Other income & one-offs 5%

Pre-tax profit ₹12.7 Cr: core business ₹12.1 Cr, other income ₹0.6 Cr.

Core profit YoY: from loss · reported profit +20.2%

Cash & debt

FY26 cash from operations ₹24.0 Cr: 48% of FY26 net profit of ₹50.0 Cr.

Borrowings ₹236 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹345₹316 -8.4% below
Net profit₹17.0₹12.0 -29.4% below
AI read of the filing Q1 FY27 Revenue up 14.7% YoY to ₹316 Cr; Net Profit rises 16.3% to ₹11.76 Cr Positive
  • Standalone revenue from operations grew 14.7% YoY to ₹316.22 Cr from ₹275.73 Cr in the previous year's quarter.
  • Net profit increased 16.3% YoY to ₹11.76 Cr, with Basic EPS rising to ₹3.96 from ₹3.40.
  • Finance costs surged 86.8% YoY to ₹13.88 Cr, reflecting the impact of the ₹50 Cr NCD issuance in April 2026.
Full analysis →

JINDAL STEEL LIMITED

JINDALSTEL · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹1,03,448 Cr
P/E
38.2
PEG
38.19
Since results
-1.5%
  • Profit -24% below its own trend
  • Operating margin contracted 701 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +25.8%-4.4% 15,50116,21812,325
Operating profit -10.6%-8.9% 2,6672,9292,984
OPM % -701 bps-85 bps 17.2%18.1%24.2%
Other income -77.4%from loss 12.0-55053.0
Net profit -43.6%-18.9% 8441,0411,496
PAT margin % -669 bps-97 bps 5.4%6.4%12.1%

Quality of profit

Core 99%Other income & one-offs 1%

Pre-tax profit ₹1,205 Cr: core business ₹1,193 Cr, other income ₹12.0 Cr.

Core profit YoY: -39.3% · reported profit -43.6%

Cash & debt

FY26 cash from operations ₹7,204 Cr: 214% of FY26 net profit of ₹3,361 Cr.

Borrowings ₹22,610 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹13,251₹15,501 +17.0% above
Net profit₹1,105₹844 -23.6% below
AI read of the filing ₹844 Cr PAT in Q1; Major Leadership Overhaul with New MD and CFO Appointed Neutral
  • Steel sales volumes decreased 15% QoQ to 2.23 MT due to planned maintenance shutdowns across key facilities
  • Value-added steel (VAS) share in the sales mix increased to 66% in Q1FY27 from 61% in Q4FY26
  • Quarterly capex of ₹1,959 Cr represents approximately 1.86% of the company's current market capitalization
Full analysis →

Ratnaveer Precision Engineering Limited

RATNAVEER · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹2,884 Cr
P/E
—
PEG
—
Since results
+86.4%
  • Profit grew faster than the core business (core profit +0%)
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +18.7%+26.4% 315249265
Operating profit +19.2%-71.9% 32.211527.0
OPM % +4 bps-3584 bps 10.2%46.1%10.2%
Other income —-47.2% 3.87.20.0
Net profit +21.6%+7.3% 18.217.015.0
PAT margin % +14 bps-103 bps 5.8%6.8%5.7%
EPS (₹) +331.7%+314.4% 10.362.502.40

Quality of profit

Core 83%Other income & one-offs 17%

Pre-tax profit ₹21.9 Cr: core business ₹18.1 Cr, other income ₹3.8 Cr.

Core profit YoY: +0.5% · reported profit +21.6%

Cash & debt

FY26 cash from operations −₹48.0 Cr.

Borrowings ₹335 Cr at Mar 2026.

AI read of the filing Ratnaveer Q1 Revenue Grows 19% YoY to ₹314.6 Cr; PAT Increases 22% to ₹18.2 Cr Positive
  • Revenue from operations increased 19% YoY to ₹314.64 Cr from ₹264.32 Cr.
  • Net profit for the quarter rose 22% YoY to ₹18.24 Cr compared to ₹14.95 Cr.
  • Domestic segment revenue surged to ₹304.68 Cr, representing 96.8% of total sales.
Full analysis →

Welspun Corp Limited

WELCORP · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹69,628 Cr
P/E
30.0
PEG
0.25
Since results
+71.1%
  • Profit +188% above its own trend
  • Operating margin expanded 218 bps YoY
  • 57% of pre-tax profit came from other income and one-off items
  • Exceptional items of ₹621 Cr in the quarter
  • Profit grew faster than the core business (core profit +39%)
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +14.9%-5.4% 4,0814,3133,551
Operating profit +31.9%+37.4% 692504525
OPM % +218 bps+528 bps 17.0%11.7%14.8%
Other income -24.1%-55.1% 63.814284.0
Net profit +200.3%+182.4% 1,048371349
PAT margin % +1585 bps+1707 bps 25.7%8.6%9.8%
EPS (₹) +198.1%+182.6% 39.6814.0413.31

Quality of profit

Core 43%Other income & one-offs 57%

Pre-tax profit ₹1,207 Cr: core business ₹523 Cr, other income ₹63.8 Cr, exceptional & other items ₹621 Cr.

Core profit YoY: +38.6% · reported profit +200.3%

Cash & debt

FY26 cash from operations ₹3,204 Cr: 198% of FY26 net profit of ₹1,620 Cr.

Borrowings ₹2,355 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹4,236₹4,081 -3.7% in line
Net profit₹364₹1,048 +187.9% above

How to read this page

The numbers. Each card is one company's Q1 FY27 results as filed with NSE or BSE, read from the filing within hours of its release, in ₹ crore. We show the consolidated statement, or the standalone one when the consolidated figures are a copy of it or have no year-ago quarter to compare with. YoY compares with the same quarter a year earlier and QoQ with the quarter before (the previous half-year for companies that report every six months). A swing between profit and loss is described in words: a percentage across it would mislead.

Margins. Operating margin (OPM) is operating profit, before depreciation, interest and other income, as a share of sales; PAT margin is net profit as a share of sales. Their changes are in basis points (100 bps = 1 percentage point).

Quality of profit. Core profit is operating profit minus interest and depreciation: what the business itself earned before tax. The rest of pre-tax profit is other income (interest on cash, dividends, gains on investments) and exceptional or one-off items. We flag a quarter when that share is 25% or more, and when reported profit grew much faster than core profit. For banks we compare pre-provision profit with net profit, since a fall in provisions can lift profit without the business growing.

Against its own trend. We do not have analyst consensus estimates, and we do not make them up. Instead each company is measured against the path it was on: the same quarter last year, grown at the median of its last four year-on-year growth rates (held between −50% and +100%; at least two growth rates needed). Sales 5% or more above that, or net profit 10% or more above, is "above trend"; as far below is "below trend". It answers "was this quarter better or worse than the company's own recent run?", which consensus does not.

Cash and debt. Profit is an accounting figure; cash is harder to dress up. For each company we show its operating cash flow for the last financial year as a share of that year's net profit (flagged under 50%, or when it is negative despite a profit), and its borrowings at the latest balance sheet against the one six months earlier (flagged at a 25% move). Balance sheets come with the September and March results, cash-flow statements with the March results.

Price since results. The latest close against the last close before the filing (a filing after 3:30 pm counts from the next session). It is a fact about the market's reaction, not advice.

Market cap groups. Large cap is the 100 largest companies by market value and mid cap the next 150 (SEBI's ranking); below that, small cap is ₹5,000 Cr or more, micro cap ₹500 Cr or more, nano cap below.

⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI