Welcast Steels Ltd (504988)
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Welcast Steels' revenue was ₹2.9 Cr (-86.0% year on year, +11.5% on the previous quarter), and net profit ₹1.4 Cr (+626.3% year on year); the operating margin was 47.6%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹2.9 | -86.0% | +11.5% |
| Operating profit | ₹1.4 | — | from loss |
| Net profit | ₹1.4 | +626.3% | from loss |
| EPS (₹) | 21.62 | +625.5% | from loss |
| Operating margin | 47.6% | — | — |
📢 Recent Corporate Announcements
Welcast Steels Limited has submitted its Annual Report for FY 2025-26 along with the Notice of its 54th Annual General Meeting (AGM). The AGM will be conducted virtually on September 10, 2026, at 11:00 AM IST. The cut-off date to determine shareholder voting rights is September 3, 2026, with remote e-voting taking place between September 7 and September 9, 2026. Key agenda items include adopting the FY26 financial statements and the re-appointment of retiring director Mr. Bhadresh K. Shah.
- 54th Annual General Meeting scheduled for Thursday, September 10, 2026, at 11:00 AM IST via Video Conferencing
- Cut-off date for e-voting eligibility set as Thursday, September 3, 2026
- Remote e-voting window runs from 9:00 AM on September 7, 2026, to 5:00 PM on September 9, 2026
- Ordinary business includes adoption of FY26 financials and re-appointment of Director Mr. Bhadresh K. Shah
Welcast Steels reported a net loss of ₹0.72 crore for the quarter ended June 30, 2026, as the company continues to operate on a 'non-going concern' basis. Total income collapsed to ₹1.22 crore from ₹23.20 crore in the same quarter last year, representing a 94.7% decline. The company's only manufacturing plant in Bengaluru was permanently closed on December 15, 2025, and current revenue is derived solely from the sale of remaining inventory. Management confirmed that labor disputes remain pending in various courts and there are no plans to restart operations.
- Total income fell 94.7% YoY to ₹1.22 crore from ₹23.20 crore in June 2025.
- Net loss widened to ₹0.72 crore compared to a loss of ₹0.29 crore in the year-ago period.
- Revenue from operations was ₹0.00, with ₹1.22 crore in other operating revenue from inventory liquidation.
- The Bengaluru plant has been shut since December 15, 2025, following a board resolution in October 2025.
- Parent company AIA Engineering Ltd continues to hold a 74.85% stake in the company.
Welcast Steels reported a net loss of ₹0.72 Cr for the quarter ended June 30, 2026, widening from a loss of ₹0.29 Cr in the same period last year. Revenue from operations collapsed to ₹1.22 Cr from ₹22.78 Cr YoY, following the permanent closure of its only manufacturing plant in Bengaluru in December 2025. The company continues to prepare its financials on a 'non-going concern' basis, with current revenue primarily derived from selling off remaining inventory. Management indicates no plans to restart operations as labour disputes remain pending in various judicial forums.
- Revenue from operations dropped 94.6% YoY to ₹1.22 Cr from ₹22.78 Cr.
- Net loss for the quarter stood at ₹0.72 Cr compared to a loss of ₹0.29 Cr in June 2025.
- ₹1.19 Cr of the total revenue was generated from the holding company, AIA Engineering Limited.
- The company's only manufacturing plant has been formally shut down since December 15, 2025.
- Financial statements are prepared on a non-going concern basis with assets measured at the lower of carrying value and fair value.
Welcast Steels Ltd has scheduled a board meeting for August 5, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The company, with a market capitalization of Rs 45 Cr, is currently loss-making with a TTM PAT of Rs -5 Cr and a negative OPM of -5.9%. Investors will be closely watching for a recovery in revenue, which dropped to Rs 2.92 Cr in the March 2026 quarter from Rs 22.78 Cr in the June 2025 quarter.
- Board meeting scheduled for August 5, 2026, to approve Q1 results.
- Results pertain to the three-month period ended June 30, 2026.
- Company reported a TTM revenue of Rs 49 Cr against a market cap of Rs 45 Cr.
- Recent quarterly revenue (Mar 2026) stood at Rs 2.92 Cr, a significant decline from previous periods.
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