NSEThe Quarter story
The two most recent quarterly results, compared side-by-side.
Asset expansion and debt reduction continue, but sharp profit compression and a shrinking order book signal near-term headwinds.
Fleet size expanded from 375 units to 430 units from Q1 FY26 to Q1 FY27 — consistent equipment acquisition supports future capacity
Consolidated EBITDA margin fell from 31% to 30.7% from Q4 FY25 to Q1 FY27 — pricing pressure squeezes operating profits
Debt to equity moved from 0.92x to 0.87x from Q4 FY25 to Q1 FY27 — improved leverage reduces financial risk
Profit after tax dropped from ₹79 Cr to ₹17 Cr from Q4 FY25 to Q1 FY27 — severe bottom-line compression impacts returns
Interest expense fell from ₹72 Cr to ₹25 Cr from Q4 FY25 to Q1 FY27 — lower borrowing costs ease cash outflows
Order book contracted from ₹1,572 Cr to ₹204.82 Cr from Q1 FY26 to Q1 FY27 — shrinking pipeline threatens future revenue visibility
Gross block rose from ₹4,198 Cr to ₹6,008 Cr from Q4 FY25 to Q1 FY27 — sustained capital deployment strengthens asset base
Steel Processing & Distribution EBITDA margin crashed from 4% to -112% from Q4 FY25 to Q1 FY27 — operational losses drain segment profitability
Shareholders' funds rose from ₹1,214 Cr to ₹1,492 Cr from Q4 FY25 to Q4 FY26 — retained earnings accumulation builds equity cushion
Warehousing & Transportation revenue declined from ₹318 Cr to ₹187 Cr from Q4 FY25 to Q1 FY27 — sustained demand weakness limits growth