Pursuant to Regulation 30 of the SEBI Listing Regulations, 2015, please find enclosed the Outcome of Board Meeting held on July 23, 2025, wherein the following matters were considered and ....
BAJAJST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Bajaj Steel Industries approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations fell to Rs 9,295 lakhs from Rs 11,526 lakhs in the same quarter last year, a decline of roughly 19%. Standalone net profit dropped sharply to Rs 498 lakhs from Rs 2,916 lakhs, but the prior-year figure included an exceptional item of Rs 2,652 lakhs (dividend received from its US subsidiary Bajaj Coneagle LLC). Even on a like-for-like basis, normalised profit was materially lower. Consolidated revenue declined about 24% to Rs 10,753 lakhs and consolidated PAT fell to Rs 740 lakhs. The Board also appointed Mr. Mayank Bhandari as an Additional Non-Executive Independent Director for a 2-year term.
Sharp year-on-year decline in both revenue and profit is likely to pressure short-term sentiment, though the steep drop in profit is partly due to a one-off exceptional gain in the base quarter. Investors should focus on normalised, like-for-like growth rather than headline YoY numbers.