Eastcoast Steel Ltd (520081)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Eastcoast Steel's revenue was ₹16.5 Cr, and net profit ₹0.3 Cr (+127.5% year on year); the operating margin was 0.7%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹16.5 | — | -1.9% |
| Operating profit | ₹0.1 | from loss | from loss |
| Net profit | ₹0.3 | +127.5% | +13.8% |
| EPS (₹) | 0.62 | +121.4% | +10.7% |
| Operating margin | 0.7% | — | — |
📢 Recent Corporate Announcements
Eastcoast Steel reported a significant revenue surge to ₹16.49 Cr in Q1 FY27, compared to just ₹0.0085 Cr in the same quarter last year, reflecting its transition to international steel trading. Net profit for the quarter rose to ₹0.34 Cr from ₹0.15 Cr YoY, with an EPS of ₹0.62. The company, which has a market cap of only ₹11 Cr, is now generating quarterly revenue exceeding its entire previous TTM revenue. However, it remains entangled in multiple legacy legal disputes at the NCLT and NCLAT, with key hearings scheduled for September 2026.
- Revenue from operations reached ₹16.49 Cr in Q1 FY27, nearly matching the total TTM revenue of ₹17 Cr.
- Net profit increased by 133% YoY to ₹0.34 Cr from ₹0.15 Cr in the June 2025 quarter.
- Purchase of stock-in-trade stood at ₹15.53 Cr, confirming the company's shift to a high-volume, low-margin trading model.
- The 43rd Annual General Meeting (AGM) is scheduled for September 28, 2026.
- Ongoing litigation at NCLAT Chennai regarding maintainability is adjourned to September 3, 2026.
Eastcoast Steel reported a significant operational turnaround in Q1 FY27, with revenue reaching ₹16.49 Cr compared to just ₹0.0085 Cr in the same period last year. Net profit grew 133% YoY to ₹0.34 Cr, driven by the company's pivot to trading iron and steel products after years of inactivity. The board has scheduled the 43rd AGM for September 28, 2026, and re-appointed internal auditors. However, the company remains involved in multiple legacy legal disputes at the NCLT and NCLAT, with key hearings scheduled for September and November 2026.
- Revenue from operations surged to ₹16.49 Cr in Q1 FY27, nearly equaling the total revenue of ₹16.82 Cr for the entire FY26.
- Net profit for the quarter increased to ₹0.34 Cr, up from ₹0.15 Cr in the year-ago period.
- Purchase of stock-in-trade stood at ₹15.53 Cr, indicating a high-volume, low-margin trading model (approx. 5.8% gross spread).
- The 43rd Annual General Meeting (AGM) is fixed for September 28, 2026.
- Legal proceedings regarding C.P. No. 38/CHE/2023 have been adjourned to November 17, 2026, following a reported defect in the petitioner's appeal.
Eastcoast Steel Ltd has scheduled a board meeting for August 14, 2026, to approve standalone unaudited financial results for the quarter ended June 30, 2026. The company is a micro-cap with a market capitalization of Rs 10 Cr and TTM revenue of Rs 17 Cr. Investors will be watching to see if the revenue momentum from the March 2026 quarter (Rs 16.81 Cr) continues, given that the three prior quarters saw near-zero revenue. The trading window has been closed since July 1, 2026, as per insider trading regulations.
- Board meeting scheduled for August 14, 2026, to approve Q1 FY27 results
- Financial results pertain to the quarter ended June 30, 2026
- Trading window closure initiated on July 1, 2026, for designated persons
- Company reported a significant revenue jump to Rs 16.81 Cr in the previous quarter (Mar 2026)
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