Rajputana Stainless Q2 FY27: Revenue up 33% to ₹360 Cr, PAT surges 79% to ₹23.7 Cr
Rajputana Stainless Limited reported a 33% year-on-year increase in Q2 FY27 revenue to ₹360 crore and a 79% rise in PAT to ₹23.7 crore. The company plans to expand melting capacity to 60,000 tons by Q4 FY27 and is entering the seamless pipe market. Investments in R&D and renewable energy are also underway.
The significant increase in revenue and profit, coupled with capacity expansion and diversification into new product segments like seamless pipes, are material events that will likely have a substantial impact on the company's future performance.
The company reported strong financial growth in revenue and profit, along with strategic expansion plans and investments in renewable energy, indicating a positive outlook.
Rajputana Stainless Limited (RSL) announced its financial results for the second quarter and the first half of the fiscal year 2026-27. The company reported a significant year-on-year growth, with Q2 revenue increasing by 33% to ₹360 crore. Operating EBITDA for the quarter grew by 38% to ₹33.4 crore, resulting in a margin of 9.3%. Profit After Tax (PAT) saw a substantial surge of 79%, reaching ₹23.7 crore.
For the first half of FY27, RSL's revenue stood at ₹666 crore, with PAT at ₹43.9 crore, marking an 80% increase compared to the previous year. The company highlighted that its Q2 performance alone achieved 88% of the total PAT for the entire fiscal year 2025-26.
The company also provided an update on its capacity expansion plans. RSL intends to increase its melting capacity from 48,000 tons to 60,000 tons, with the expansion expected to be completed in the fourth quarter of FY27. Furthermore, RSL is venturing into the consumer product market with a seamless pipe plant, requiring an investment of approximately ₹20 crore, funded by equity proceeds. Another vertical focusing on consumer products will also be introduced, utilizing internal accruals for minimal capex.
The company's strategy involves a shift towards high-value, custom-made stainless steel products, catering to niche markets including aerospace and defense, which contributed ₹80 crore to the order book. RSL's integrated manufacturing process, from scrap to finished products, and its focus on R&D are key differentiators. The company is also investing in renewable energy, with solar plants expected to be operational by January 1, 2027, aiming to reduce electricity costs significantly.
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Rajputana Stainless Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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