NSE
BSEThe Quarter story
The two most recent quarterly results, compared side-by-side.
Core profits recover strongly as material costs improve, while revenue stabilizes and energy expenses climb.
Core profit before tax rose from ₹6.2 Cr to ₹134.4 Cr from Q3 FY26 to Q1 FY27 — sustained operational recovery
Power costs as a share of revenue climbed from 6.1% to 9.3% from Q1 FY26 to Q1 FY27 — pressure on production expenses
Material costs as a share of revenue fell from 58.9% to 53.7% from Q1 FY26 to Q1 FY27 — improved input efficiency
Gross debt increased from ₹1,034 Cr to ₹1,156 Cr from Q4 FY26 to Q1 FY27 — rising leverage
Customer base expanded from 26 to 29 from Q1 FY26 to Q1 FY27 — steady client acquisition
Boiler end-user share dropped from 26% to 16% from Q2 FY26 to Q1 FY27 — sustained demand contraction
OCTG end-user share grew from 7% to 15% from Q2 FY26 to Q1 FY27 — strong demand in oil and gas tubing
Inventory days stretched from 48 to 57 from Q4 FY26 to Q1 FY27 — slower stock turnover
EBITDA recovered from ₹185.9 Cr to ₹216 Cr from Q3 FY26 to Q1 FY27 — stable operating cash generation
Other expenses rose from ₹399.9 Cr to ₹505.0 Cr from Q1 FY26 to Q1 FY27 — weighing on cost control