Steelcast Limited Q3 FY26 Earnings Call Transcript Released
Steelcast Limited reported Q3 FY26 revenue of ₹97.4 crore, down 3.08%. EBITDA grew 6.81% to ₹31.21 crore, and PAT rose 7.17% to ₹20.59 crore. The company expects 11% growth for FY26 and a 20% CAGR over the next three years. Capacity utilization was 46%, projected to reach 58% next year and 90% by FY29. An order book of ₹115 crore is executable in Q4 FY26.
The transcript provides detailed financial performance for Q3 FY26, future growth projections, capacity utilization targets, and strategic initiatives. This information is material for investors to assess the company's performance and outlook.
The announcement is a transcript of an earnings call. While the company provided updates on financial performance and future outlook, the results for the quarter showed a slight degrowth in revenue, which tempers an otherwise positive outlook on margins and future growth.
Steelcast Limited has released the transcript of its earnings conference call for the third quarter of FY26, which ended on December 31, 2025. The call was conducted on January 30, 2026, following a Board of Directors meeting held the same day. The transcript is available on the company's website.
During the call, management discussed the financial performance for Q3 FY26. Revenue from operations stood at ₹97.4 crore, a slight decrease of 3.08% from ₹100.5 crore in Q3 FY25. However, EBITDA saw a growth of 6.81% to ₹31.21 crore, with EBITDA margin increasing to 32.04%. Profit Before Tax (PBT) grew by 8.01% to ₹27.89 crore, resulting in a PBT margin of 28.63%. Profit After Tax (PAT) increased by 7.17% to ₹20.59 crore, with a PAT margin of 21.14%.
Management noted that Q3 was softer due to moderating demand and geopolitical uncertainties, but expressed confidence in delivering 11% growth for FY26 over FY25. They highlighted that their products remain competitive against global and Chinese suppliers, with pricing advantages of approximately 5%, 12%, and 13% compared to Chinese offerings in key product categories. The company is also pursuing geographic and sectoral diversification, with new components under development in Ground Engaging Tools and Construction segments. Steelcast aims to sustain a 20% CAGR over the next three years. A 2.4-megawatt hybrid power plant, expected to be commissioned by June 30, 2026, is projected to generate annual savings of ₹3.5 to ₹4 crore.
Capacity utilization for the quarter was 46%, with a projection to reach 58% in the next financial year and approximately 90% by FY29. The order book stands at ₹115 crore, executable in Q4 FY26. The company is exploring new strategic partnerships and expects to diversify its customer base in new geographies within the next 3 to 4 months. For FY27, a capex of ₹35 crore is planned for new space requirements and balancing equipment.
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Steelcast Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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