Steelcast Q2FY26 Revenue up 42% to ₹106.7 Crore, Expects Double-Digit Growth for FY26
Steelcast's Q2FY26 revenue surges 42% to ₹106.7Cr, with strong profit growth. Expects double-digit FY26 growth despite near-term uncertainties. Hybrid power project commissioning by June 26, projecting ₹3.5-4Cr savings.
The strong financial performance and future growth prospects suggest a positive impact, though tempered by near-term uncertainties and tariff-related challenges.
The announcement highlights significant revenue and profit growth in Q2FY26, along with positive future expectations and cost-saving initiatives.
* Steelcast Limited's Q2FY26 revenue from operations grew by 42% to ₹106.7 crore compared to ₹75.4 crore in Q2FY25. * EBITDA increased by 62% to ₹34.2 crore, with a margin of 32.0%. * PBT rose by 73% to ₹30.9 crore, resulting in a PBT margin of 29.0%. * PAT increased by 75% to ₹23.2 crore, with a PAT margin of 21.8%. * The company anticipates a slight moderation in Q3 due to softer demand and geopolitical uncertainties but expects Q4 to perform better if conditions stabilize. * FY26 is still expected to deliver double-digit growth over FY25. * The 2.4 MW hybrid power project is expected to be commissioned by 30 June 2026, generating annual savings of ₹3.5-4 crore. * Management expects margins to remain stable at current levels. * Domestic sales contributed around 36% during Q2FY26, while exports accounted for 64%. * Chairman and Managing Director, Mr. Chetan Tamboli, stated that the company is well-positioned to capitalize on emerging opportunities and meet growing market demand over the long term. * The company is targeting a 20% CAGR in the coming three years. * Expects operations to normalize from Q4 onwards.
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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 medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Steelcast Limited. Read the original for the full detail.