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

20 matching results 20

Supreme Engineering Limited

SUPREMEENG · Iron & Steel · Q1 FY27 · Standalone · Filed
M Cap
₹116 Cr
P/E
142.1
PEG
—
Since results
+32.4%
  • Operating margin contracted 786 bps YoY
  • All of pre-tax profit came from other income or one-off items
  • Exceptional items of ₹2.5 Cr in the quarter
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales -51.6%-6.7% 4.14.48.4
Operating profit to lossto loss -0.00.40.6
OPM % -786 bps-969 bps -1.1%8.6%6.8%
Other income -70.2%+56.5% 0.10.00.2
Net profit —from loss 1.5-0.10.1
PAT margin % +3578 bps+3872 bps 36.6%-2.1%0.8%
EPS (₹) —from loss 0.06-0.020.00

Quality of profit

Pre-tax profit ₹1.8 Cr: core business −₹0.8 Cr, other income ₹0.1 Cr, exceptional & other items ₹2.5 Cr.

Core profit YoY: loss widened

Cash & debt

Borrowings ₹92.2 Cr at Sep 2025.

Against its own trend ?

TrendActualGap
Sales₹11.6₹4.1 -65.0% below
AI read of the filing Supreme Engineering Q1 FY27 Revenue Falls 52% YoY to ₹4.07 Cr; Reports Net Profit on Exceptional Gain Watch
  • Revenue from operations fell 51.6% YoY to ₹4.07 Cr (₹406.95 lakh) compared to ₹8.40 Cr (₹840.91 lakh) in Q1 FY26
  • Net profit stood at ₹0.99 Cr (₹98.98 lakh) versus ₹0.07 Cr (₹7.33 lakh) in Q1 FY26, boosted by ₹25.70 Cr exceptional income
  • Bank approved One-Time Settlement (OTS) proposal on August 13, 2026; company deposited a 10% preliminary settlement amount
Full analysis →

Shah Metacorp Limited

SHAH · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹294 Cr
P/E
22.3
PEG
0.23
Since results
-20.6%
  • Profit +183% above its own trend
  • Operating margin contracted 266 bps YoY
  • 25% of pre-tax profit came from other income and one-off items
  • Core business grew faster than reported profit (core profit +67%)
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +97.9%-8.2% 57.262.328.9
Operating profit +49.8%from loss 4.7-4.23.2
OPM % -266 bps+1494 bps 8.3%-6.7%10.9%
Other income +68.2%-92.9% 1.216.80.7
Net profit +41.5%-56.7% 3.58.12.5
PAT margin % -246 bps-691 bps 6.2%13.1%8.6%
EPS (₹) +33.3%-50.0% 0.040.080.03

Quality of profit

Core 74%Other income & one-offs 26%

Pre-tax profit ₹4.7 Cr: core business ₹3.5 Cr, other income ₹1.2 Cr.

Core profit YoY: +67.1% · reported profit +41.5%

Cash & debt

Borrowings ₹239 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹38.0₹57.2 +50.5% above
Net profit₹1.2₹3.5 +183.0% above
AI read of the filing Q1 Net Profit Up 38.7% YoY to Rs 3.51 Cr; Revenue Jumps 87.3% to Rs 54.13 Cr Positive
  • Standalone revenue from operations rose 87.3% YoY to Rs 54.13 Cr (vs Rs 28.90 Cr in Q1 FY26)
  • Net profit grew 38.7% YoY to Rs 3.51 Cr compared to Rs 2.53 Cr in the corresponding quarter last year
  • Auditor flagged Rs 76.26 Cr overdue overseas trade receivables subject to an MOU settlement at reduced value
Full analysis →

NMDC Steel Limited

NSLNISP · Iron & Steel · Q1 FY27 · Standalone · Filed
M Cap
₹11,497 Cr
P/E
137.7
PEG
—
Since results
-11.6%
  • Operating margin contracted 121 bps YoY
  • 58% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +8.8%-5.6% 3,6623,8793,365
Operating profit -2.1%-50.4% 400806408
OPM % -121 bps-987 bps 10.9%20.8%12.1%
Other income +114.5%+65.0% 42.926.020.0
Net profit +94.3%-87.1% 50.539226.0
PAT margin % +61 bps-873 bps 1.4%10.1%0.8%
EPS (₹) +111.1%-85.8% 0.191.340.09

Quality of profit

Core 42%Other income & one-offs 58%

Pre-tax profit ₹74.0 Cr: core business ₹31.1 Cr, other income ₹42.9 Cr.

Core profit YoY: +94.1% · reported profit +94.3%

Cash & debt

FY26 cash from operations ₹1,796 Cr: 3044% of FY26 net profit of ₹59.0 Cr.

Borrowings ₹4,613 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹5,186₹3,662 -29.4% below
AI read of the filing Q1 PAT Jumps 97.6% YoY to ₹50.51 Cr; Revenue Up 8.8% to ₹3,661.84 Cr Positive
  • Revenue from operations increased 8.8% YoY to ₹3,661.84 crore in Q1 FY27 vs ₹3,365.22 crore in Q1 FY26
  • Net profit grew 97.6% YoY to ₹50.51 crore (EPS ₹0.19) vs ₹25.56 crore (EPS ₹0.09) in Q1 FY26
  • Total borrowings stood at ₹5,056.15 crore with net worth at ₹13,228.35 crore (D/E ratio of 0.38x)
Full analysis →

Ahlada Engineers Limited

AHLADA · Iron & Steel · Q1 FY27 · Standalone · Filed
M Cap
₹48.0 Cr
P/E
—
PEG
—
Since results
-1.9%
  • Profit -40% below its own trend
  • Operating margin contracted 272 bps YoY
  • 35% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales -12.1%-6.3% 24.025.627.3
Operating profit -26.8%+80.5% 3.21.84.4
OPM % -272 bps+650 bps 13.5%7.0%16.2%
Other income +113.0%-36.1% 0.10.10.0
Net profit -69.9%from loss 0.2-1.00.6
PAT margin % -139 bps+478 bps 0.7%-4.1%2.1%
EPS (₹) -68.9%from loss 0.14-0.800.45

Quality of profit

Core 65%Other income & one-offs 35%

Pre-tax profit ₹0.2 Cr: core business ₹0.1 Cr, other income ₹0.1 Cr.

Core profit YoY: -88.2% · reported profit -69.9%

Cash & debt

FY26 cash from operations ₹8.0 Cr: 13333% of FY26 net profit of ₹0.1 Cr.

Borrowings ₹38.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹18.1₹24.0 +32.4% above
Net profit₹0.3₹0.2 -39.7% below
AI read of the filing Ahlada Q1 Net Profit Drops 69.7% YoY to ₹17.48 Lakhs, Revenue Down 12.1% to ₹24.03 Cr Negative
  • Revenue from operations fell 12.1% YoY to ₹2,402.64 lakhs from ₹2,733.43 lakhs in Q1 FY26.
  • Net profit after tax declined 69.7% YoY to ₹17.48 lakhs against ₹57.73 lakhs in the prior-year period.
  • PBT recovered to a positive ₹18.18 lakhs from a loss of ₹152.22 lakhs in Q4 FY26.
Full analysis →

D P Wires Limited

DPWIRES · Iron & Steel · Q1 FY27 · Standalone · Filed
M Cap
₹349 Cr
P/E
18.6
PEG
—
Since results
+44.8%
  • Profit +123% above its own trend
  • 50% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +3.7%+1.0% 131129126
Operating profit +6.1%-60.8% 3.89.83.6
OPM % +7 bps-462 bps 2.9%7.6%2.9%
Other income +32.3%-15.5% 3.23.82.4
Net profit +31.9%-49.5% 4.79.43.6
PAT margin % +78 bps-363 bps 3.6%7.3%2.9%
EPS (₹) +31.9%-49.5% 3.066.062.32

Quality of profit

Core 50%Other income & one-offs 50%

Pre-tax profit ₹6.4 Cr: core business ₹3.2 Cr, other income ₹3.2 Cr.

Core profit YoY: +28.6% · reported profit +31.9%

Cash & debt

FY26 cash from operations ₹28.0 Cr: 159% of FY26 net profit of ₹17.6 Cr.

Borrowings ₹2.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹99.7₹131 +31.0% above
Net profit₹2.1₹4.7 +122.5% above
AI read of the filing DP Wires Approves Q1 FY27 Unaudited Financial Results Neutral
  • Board meeting held on August 14, 2026, commenced at 04:15 PM and concluded at 04:45 PM.
  • Approved standalone unaudited financial results for the quarter ended June 30, 2026.
  • Company maintains an installed manufacturing capacity of 90,000 tonnes per annum at Ratlam.
Full analysis →

Salasar Techno Engineering Limited

SALASAR · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹713 Cr
P/E
52.3
PEG
—
Since results
-30.5%
  • Profit -34% below its own trend
  • Operating margin contracted 255 bps YoY
  • 96% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -99%)
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales -1.5%-33.6% 296445300
Operating profit -26.7%+56.7% 21.914.029.9
OPM % -255 bps+428 bps 7.4%3.1%10.0%
Other income +114.0%-12.4% 3.54.01.6
Net profit -41.5%from loss 5.1-14.08.8
PAT margin % -119 bps+489 bps 1.7%-3.1%2.9%
EPS (₹) -40.0%from loss 0.03-0.070.05

Quality of profit

Core 4%Other income & one-offs 96%

Pre-tax profit ₹3.6 Cr: core business ₹0.1 Cr, other income ₹3.5 Cr.

Core profit YoY: -98.6% · reported profit -41.5%

Cash & debt

FY26 cash from operations ₹161 Cr: 931% of FY26 net profit of ₹17.3 Cr.

Borrowings ₹422 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹291₹296 +1.4% in line
Net profit₹7.7₹5.1 -33.5% below
AI read of the filing Salasar Q1 FY27: Net Profit Drops 41.5% YoY to ₹5.14 Cr; EPC Revenue Contracts Negative
  • Consolidated Net Profit fell 41.5% YoY to ₹5.14 Cr from ₹8.80 Cr in Q1 FY26.
  • Consolidated Revenue from operations stood at ₹295.54 Cr, down from ₹300.17 Cr YoY.
  • EPC Projects segment revenue declined significantly by 31.2% YoY to ₹95.55 Cr.
Full analysis →

Sarthak Metals Limited

SMLT · Iron & Steel · Q1 FY27 · Standalone · Filed
M Cap
₹106 Cr
P/E
—
PEG
—
Since results
+10.6%
  • 67% of pre-tax profit came from other income and one-off items
₹ Cr Jun 2026
Sales 55.2
Operating profit 1.6
OPM % 2.8%
Other income 1.4
Net profit 1.3
PAT margin % 2.4%
EPS (₹) 0.97

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 33%Other income & one-offs 67%

Pre-tax profit ₹2.1 Cr: core business ₹0.7 Cr, other income ₹1.4 Cr.

AI read of the filing SMLT Q1 Results: PAT up 25% YoY to ₹1.33 Cr; Revenue grows 19% to ₹55.2 Cr Positive
  • Revenue from operations grew 19.4% YoY to ₹55.21 Cr from ₹46.22 Cr in Q1 FY26.
  • Net Profit increased to ₹1.33 Cr, a 25.3% growth compared to ₹1.06 Cr in the same quarter last year.
  • Earnings Per Share (EPS) improved to ₹0.97 from ₹0.77 YoY.
Full analysis →

Pennar Industries Limited

PENIND · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹2,314 Cr
P/E
16.3
PEG
0.71
Since results
+8.7%
  • 30% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +2.9%-5.9% 870925846
Operating profit +7.7%-11.8% 92.710586.0
OPM % +48 bps-71 bps 10.6%11.4%10.2%
Other income +76.6%+57.0% 14.19.08.0
Net profit +10.7%-13.6% 35.441.032.0
PAT margin % +29 bps-36 bps 4.1%4.4%3.8%
EPS (₹) +10.5%-13.8% 2.623.042.37

Quality of profit

Core 70%Other income & one-offs 30%

Pre-tax profit ₹46.8 Cr: core business ₹32.7 Cr, other income ₹14.1 Cr.

Core profit YoY: +2.1% · reported profit +10.7%

Cash & debt

FY26 cash from operations ₹202 Cr: 146% of FY26 net profit of ₹139 Cr.

Borrowings ₹1,162 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹963₹870 -9.6% below
Net profit₹37.3₹35.4 -5.0% in line
AI read of the filing Pennar Industries Q1 PAT Rises 10.8% YoY to ₹35.4 Cr; Revenue Up 2.9% Neutral
  • Consolidated Revenue from operations stood at ₹870.42 Cr, a 2.9% increase over ₹845.67 Cr in Q1 FY26.
  • Net Profit (PAT) grew 10.8% YoY to ₹35.41 Cr, compared to ₹31.96 Cr in the same period last year.
  • Custom Designed Building Solutions segment revenue rose significantly to ₹507.79 Cr from ₹411.87 Cr YoY.
Full analysis →

Rhetan TMT Limited

RHETAN · Iron & Steel · Q1 FY27 · Standalone · Filed
M Cap
₹1,387 Cr
P/E
109.2
PEG
—
Since results
-35.8%
  • Profit +108% above its own trend
  • Operating margin contracted 2830 bps YoY
  • All of pre-tax profit came from other income or one-off items
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales -19.3%-52.1% 4.18.55.0
Operating profit to lossto loss -0.72.50.6
OPM % -2830 bps-4619 bps -16.3%29.9%12.0%
Other income +557.4%+100.6% 4.52.20.7
Net profit +316.7%+42.3% 3.22.20.8
PAT margin % +6269 bps+5159 bps 77.7%26.1%15.1%
EPS (₹) +300.0%+33.3% 0.040.030.01

Quality of profit

Pre-tax profit ₹3.3 Cr: core business −₹1.1 Cr, other income ₹4.5 Cr.

Core profit YoY: to loss · reported profit +316.7%

Against its own trend ?

TrendActualGap
Sales₹4.8₹4.1 -16.2% below
Net profit₹1.5₹3.2 +108.3% above
AI read of the filing 66.7% Capacity Expansion to 75,000 MTPA and Q1 Net Profit Up 316% YoY Positive
  • Manufacturing capacity to be enhanced by 30,000 MTPA, reaching a total of 75,000 MTPA
  • Net Profit increased to ₹3.16 cr in Q1 FY27 compared to ₹0.76 cr in Q1 FY26
  • Proposed increase in borrowing limits by ₹100 cr to a total of ₹300 cr
Full analysis →

Gandhi Special Tubes Limited

GANDHITUBE · Iron & Steel · Q1 FY27 · Standalone · Filed
M Cap
₹1,070 Cr
P/E
14.3
PEG
0.90
Since results
-0.2%
  • Profit +11% above its own trend
  • Operating margin expanded 341 bps YoY
  • 29% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +18.9%+21.2% 57.247.248.1
Operating profit +28.3%+36.7% 26.619.520.8
OPM % +341 bps+530 bps 46.6%41.3%43.2%
Other income +28.5%from loss 10.4-5.28.1
Net profit +29.3%+198.5% 27.99.421.6
PAT margin % +393 bps+2902 bps 48.8%19.8%44.9%
EPS (₹) +29.3%+198.6% 22.997.7017.78

Quality of profit

Core 71%Other income & one-offs 29%

Pre-tax profit ₹36.1 Cr: core business ₹25.7 Cr, other income ₹10.4 Cr.

Core profit YoY: +29.5% · reported profit +29.3%

Cash & debt

FY26 cash from operations ₹55.0 Cr: 80% of FY26 net profit of ₹68.4 Cr.

Borrowings nil at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹54.6₹57.2 +4.8% in line
Net profit₹25.1₹27.9 +11.2% above
AI read of the filing 29.3% PAT Growth in Q1 FY27; Revenue Rises 18.9% to ₹57.20 Cr Positive
  • Revenue from operations increased to ₹57.20 Cr in Q1 FY27 from ₹48.11 Cr in Q1 FY26.
  • Net Profit (PAT) rose 29.3% YoY to ₹27.94 Cr, up from ₹21.61 Cr.
  • Other income included a significant gain of ₹9.32 Cr from fair value adjustments on investments.
Full analysis →

Bedmutha Industries Limited

BEDMUTHA · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹355 Cr
P/E
24.1
PEG
—
Since results
-5.9%
  • Turnaround: profit against a loss a year ago
  • 46% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +74.3%+24.2% 541436311
Operating profit +69.0%-22.8% 17.823.010.5
OPM % -10 bps-200 bps 3.3%5.3%3.4%
Other income +312.6%-77.1% 3.214.00.8
Net profit from loss-53.9% 6.915.0-3.3
PAT margin % +234 bps-216 bps 1.3%3.4%-1.1%
EPS (₹) from loss-52.5% 2.154.53-1.02

Quality of profit

Core 54%Other income & one-offs 46%

Pre-tax profit ₹6.9 Cr: core business ₹3.7 Cr, other income ₹3.2 Cr.

Core profit YoY: from loss

Cash & debt

FY26 cash from operations ₹158 Cr: 3530% of FY26 net profit of ₹4.5 Cr.

Borrowings ₹208 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹424₹541 +27.7% above
AI read of the filing Bedmutha Q1 Revenue Jumps 74% YoY to ₹541 Cr; Profit Aided by ₹7.20 Cr Asset Sale Neutral
  • Standalone Revenue for Q1 FY27 reached ₹541.43 Cr, a 74.3% increase from ₹310.60 Cr in Q1 FY26.
  • Net Profit of ₹6.93 Cr was reported, but includes a one-time profit of ₹7.20 Cr from the transfer of leasehold rights.
  • Copper segment revenue surged to ₹414.66 Cr, now accounting for 76.5% of total segment revenue.
Full analysis →

Mishra Dhatu Nigam Limited

MIDHANI · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹8,252 Cr
P/E
61.0
PEG
—
Since results
+2.7%
  • Operating margin contracted 475 bps YoY
  • 42% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +40.5%-56.7% 239553170
Operating profit +7.1%-68.4% 36.611634.2
OPM % -475 bps-569 bps 15.3%21.0%20.0%
Other income +40.3%-33.4% 10.015.07.1
Net profit +28.6%-78.9% 16.578.012.8
PAT margin % -63 bps-723 bps 6.9%14.1%7.5%
EPS (₹) +29.4%-78.8% 0.884.160.68

Quality of profit

Core 58%Other income & one-offs 42%

Pre-tax profit ₹24.1 Cr: core business ₹13.9 Cr, other income ₹10.0 Cr.

Core profit YoY: +17.3% · reported profit +28.6%

Cash & debt

FY26 cash from operations ₹155 Cr: 118% of FY26 net profit of ₹132 Cr.

Borrowings ₹407 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹188₹239 +27.5% above
Net profit₹15.8₹16.5 +4.4% in line
AI read of the filing 27.4% PAT growth in Q1; Order book reaches ₹2,329 Cr (1.9x TTM Revenue) Positive
  • Turnover grew 40.46% YoY to ₹239.49 Cr from ₹170.50 Cr in the previous year's corresponding quarter.
  • Order book position as of July 1, 2026, stood at ₹2,329 Cr, providing nearly two years of revenue visibility.
  • Profit After Tax (PAT) increased 27.42% YoY to ₹16.31 Cr.
Full analysis →

Mukand Limited

MUKANDLTD · Iron & Steel · Q1 FY27 · Consolidated · Filed
M Cap
₹2,543 Cr
P/E
4.1
PEG
0.08
Since results
+26.7%
  • Profit +66% above its own trend
  • Operating margin contracted 364 bps YoY
  • All of pre-tax profit came from other income or one-off items
  • Operating cash flow was negative in FY26 despite a profit
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +20.7%+7.3% 1,3621,2691,129
Operating profit -84.7%from loss 7.2-17.047.0
OPM % -364 bps+187 bps 0.5%-1.3%4.2%
Other income +169.3%-79.3% 10550839.0
Net profit +97.8%-89.7% 57.455529.0
PAT margin % +164 bps-3952 bps 4.2%43.7%2.6%
EPS (₹) +97.5%-89.7% 3.9738.412.01

Quality of profit

Pre-tax profit ₹60.2 Cr: core business −₹44.8 Cr, other income ₹105 Cr.

Core profit YoY: loss widened · reported profit +97.8%

Cash & debt

FY26 cash from operations −₹441 Cr: -75% of FY26 net profit of ₹585 Cr.

Borrowings ₹1,697 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1,101₹1,362 +23.7% above
Net profit₹34.6₹57.4 +65.9% above
AI read of the filing 97.6% PAT Growth in Q1 FY27; Mukand Ltd Reports Strong Specialty Steel Performance Positive
  • Consolidated Revenue from Operations grew 20.7% YoY to ₹1,362.21 cr in Q1 FY27.
  • Consolidated Net Profit surged 97.6% YoY to ₹57.36 cr compared to ₹29.03 cr in Q1 FY26.
  • Industrial Machinery & Engineering segment turned profitable with a result of ₹2.13 cr vs a loss of ₹2.75 cr YoY.
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 →

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 →

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 →

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

Aeroflex Enterprises Limited

AEROENTER · Iron & Steel · Q1 FY27 · Consolidated
M Cap
₹1,395 Cr
P/E
8.0
PEG
—
  • Profit +599% above its own trend
  • 95% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -30%)
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +40.5%-5.3% 189200134
Operating profit +49.4%-52.6% 17.035.911.4
OPM % +53 bps-898 bps 9.0%18.0%8.5%
Other income —— 1437.77.3
Net profit +614.2%+301.3% 10325.714.4
PAT margin % +4377 bps+4164 bps 54.5%12.9%10.7%
EPS (₹) —+302.8% 8.542.12—

Quality of profit

Core 5%Other income & one-offs 95%

Pre-tax profit ₹150 Cr: core business ₹7.0 Cr, other income ₹143 Cr.

Core profit YoY: -30.1% · reported profit +614.2%

Against its own trend ?

TrendActualGap
Sales₹165₹189 +14.4% above
Net profit₹14.7₹103 +598.7% above

Kamdhenu Limited

KAMDHENU · Iron & Steel · Q1 FY27 · Standalone
M Cap
₹1,028 Cr
P/E
—
PEG
—
  • 47% of pre-tax profit came from other income and one-off items
  • Profit grew faster than the core business (core profit -5%)
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +8.7%+2.4% 213208196
Operating profit +0.0%-38.2% 21.034.021.0
OPM % -86 bps-649 bps 9.9%16.3%10.7%
Other income +88.9%from loss 17.0-8.09.0
Net profit +38.1%+70.6% 29.017.021.0
PAT margin % +290 bps+544 bps 13.6%8.2%10.7%
EPS (₹) +34.2%+64.5% 1.020.620.76

Quality of profit

Core 53%Other income & one-offs 47%

Pre-tax profit ₹36.0 Cr: core business ₹19.0 Cr, other income ₹17.0 Cr.

Core profit YoY: -5.0% · reported profit +38.1%

Cash & debt

FY26 cash from operations ₹66.0 Cr: 85% of FY26 net profit of ₹78.0 Cr.

Borrowings ₹9.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹201₹213 +5.7% above
Net profit₹27.2₹29.0 +6.7% in line

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