Pursuant to Regulation 33 of SEBI Listing Regulations, 2015, please find enclosed herewith the Unaudited Standalone and Consolidated Financial Results for the Quarter and Nine months ended ....
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Bajaj Steel Industries reported weaker Q3 FY26 results. Standalone revenue from operations fell to ₹11,795.71 lakhs from ₹13,095.75 lakhs in Q3 FY25, a decline of about 10% year-on-year. Standalone net profit dropped sharply to ₹671.01 lakhs from ₹1,294.95 lakhs, down roughly 48% YoY. For the nine-month period, standalone revenue declined to ₹36,136.30 lakhs (from ₹38,387.48 lakhs) and net profit fell to ₹2,650.66 lakhs (from ₹5,637.73 lakhs), though the prior-year figure was boosted by a ₹2,652.33 lakh exceptional dividend from its US subsidiary Bajaj Coneagle LLC. Consolidated results also weakened, with Q3 net profit of ₹591.21 lakhs (vs ₹1,370.74 lakhs) and 9M net profit of ₹3,458.65 lakhs (vs ₹6,627.06 lakhs). Standalone EPS for Q3 came in at ₹3.23 vs ₹6.14 last year. The auditor issued an unqualified limited review report.
Negative for shareholders — both revenue and profits declined sharply YoY, margins appear compressed, and EPS nearly halved. However, the steep drop in 9M profit is partly optical since the prior year included a large one-time dividend from a US subsidiary shown as an exceptional item.