NSE
BSEThe Quarter story
The two most recent quarterly results, compared side-by-side.
Strong recovery in profitability and sales volume drives robust cash flow and a leaner balance sheet, with rising power costs as the main watchpoint.
Revenue grew from ₹5,586 Cr in Q1 FY26 to ₹7,322 Cr in Q1 FY27, showing strong demand momentum.
External power reliance rose from 43.1% in Q1 FY26 to 46.5% in Q1 FY27, increasing grid dependency costs.
PAT margin recovered from 4.10% in Q3 FY26 to 7.73% in Q1 FY27, reflecting effective cost control.
Total expenditure climbed from ₹4,859 Cr in Q1 FY26 to ₹6,370 Cr in Q1 FY27, reflecting scaling operational costs.
Debt to EBITDA fell from 1.8x in Q1 FY26 to 0.59x in Q4 FY26, signaling a leaner balance sheet.
Stainless Steel Coils sales climbed from 9,439 MT in Q1 FY26 to 14,185 MT in Q4 FY26, indicating strong niche demand.
Working capital cycle tightened from 35 days in Q3 FY26 to 15 days in Q4 FY26, improving cash conversion.