Q1 FY27 results: standalone revenue up 65%, profit drops; promoter loan to equity
ASHOKAMET · price
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Ashoka Metcast reported Q1 FY27 results. Standalone revenue from operations rose 64.6 percent YoY to Rs 68.86 lakh, but profit after tax fell sharply to Rs 7.57 lakh from Rs 36.80 lakh. Consolidated revenue declined about 25 percent to Rs 407.11 lakh, while consolidated profit before tax tripled to Rs 338.30 lakh from Rs 112.59 lakh. Board approved converting promoter loans of up to Rs 50 Crore into equity, appointed new CFO and new Independent Director, shifted registered office, and called the 17th AGM for September 17, 2026.
Mixed quarter. Promoter loan-to-equity of up to Rs 50 Crore will boost capital base but dilute existing holdings.