Pursuant to Regulation 30 of SEBI Listing Regulation, 2015, please find enclosed the Investor presentation on the Financial Results for the quarter and nine months ended December 31, 2025.
BAJAJST · price
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Bajaj Steel Industries reported a weak Q3FY26 with revenue declining 9.3% YoY to Rs 125.3 Cr and PAT falling 56.9% to Rs 5.9 Cr, as the Cotton Ginning Machinery segment (which contributes ~60% of revenue) dropped 26% YoY due to customer site unpreparedness, delayed commercial approvals, tariff barriers, and geopolitical issues affecting exports. EBITDA margin compressed sharply to 7.4% from 15.1% on lower export realisations against largely fixed costs. For 9MFY26, revenue was Rs 407.4 Cr (-5.5%) and PAT Rs 34.6 Cr (-47.8%). The brighter spot was a 29% YoY growth in Other Business segments — Infrastructure (PEBs) up 73% and Electrical Panels up 25%. Total order book stood at Rs 561 Cr (38% from non-cotton segments), and the balance sheet remained net cash with CRISIL A/Stable rating.
Near-term sentiment is likely negative given the sharp profit decline and margin compression, but management's guidance of improving profitability as pending clearances and order finalisations progress offers some support. The growing contribution from diversification segments reduces the company's dependence on the volatile cotton ginning business over the medium term.