Steelcast Q1 FY27 Results: Revenue Jumps 17% to ₹124.82 Cr, PAT Up 19%
Steelcast Limited reported a 17% revenue growth to ₹124.82 crore in Q1 FY27. PAT increased by 19.26% to ₹23.71 crore. The company is investing ₹120 crore in a new Greenfield Foundry and aims for 25% growth in FY27. Two renewable energy projects are expected by December 2026.
The announcement includes strong financial performance, significant future investments in capacity expansion and renewable energy, and clear growth targets, which are material for investors.
The company reported strong year-on-year growth in revenue and profit, along with positive future outlook and significant investment plans.
Steelcast Limited announced its financial results for the first quarter of FY27, ended June 30, 2026. The company reported a significant 17% year-on-year growth in revenue from operations, reaching ₹124.82 crore, up from ₹106.69 crore in Q1 FY26. EBITDA also saw a healthy increase of 17.37% to ₹35.24 crore, with EBITDA margins stable at 28.23% compared to 28.14% in the prior year period. Profit After Tax (PAT) grew by 19.26% to ₹23.71 crore, with PAT margins improving to 19% from 18.64% in Q1 FY26.
The company is focused on sustainable capacity-led growth and is strengthening its renewable energy footprint with two projects under implementation: a 2.4-megawatt hybrid power plant and a 1.4-megawatt solar power plant, both expected to be commissioned by December 2026.
Furthermore, Steelcast has approved the establishment of a Greenfield Foundry with a capacity of 8,500 tons, involving an investment of approximately ₹120 crore over the next two years. This facility will manufacture steel castings for a wide range of applications. The company anticipates price corrections upwards effective July 1, 2027, due to increased input costs. Steelcast is targeting a growth trajectory of approximately 20% CAGR over the coming years, with an expected 25% growth for FY27 compared to the previous financial year. The company also expects sequential improvement in top-line growth for several quarters.
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Steelcast 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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