Shankara Building Products Q1FY26: Steel volume up 35% YoY, EBITDA up 43%
The announcement highlights significant financial achievements and strategic developments, including volume growth, margin improvement, and expansion of fulfillment centers, indicating a positive outlook for the company.
The company reported strong growth in steel volume, improved EBITDA margins, and increased net profit. The management is confident about achieving its targets.
* Shankara Building Products reported a 35% year-on-year growth in steel volume, reaching 2.38 lakh tons in Q1 FY26, the highest ever Q1 volume. * Non-steel business grew by 5% year-on-year. * EBITDA margins improved to 3.58%, resulting in EBITDA of ₹59 crores, a 43% year-on-year increase. * Net profit for the quarter stood at ₹32 crores, a 102% year-on-year increase. * Retail growth was healthy, with sales-to-store sales growth (SSSG) reaching 22% in Q1 FY26, up from 14% in FY25. * Two new fulfillment centres were inaugurated, one in Jabalpur, MP, and another in Gannavaram, near Vijayawada, AP. * The demerger process is expected to conclude in Q3FY26. * The company is on track to achieve its target of 1 million tons for FY26. * Sukumar Srinivas, Managing Director, mentioned that enterprise margins are sustainable and the company is focusing on growth. He also noted that the company has gained some market share and has grown substantially in flat products.
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Shankara Building Products Limited filed this with the NSE as a statutory disclosure, categorised under 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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See the model portfoliosA plain-language summary of a public exchange filing by Shankara Building Products Limited. Read the original for the full detail.