Pursuant to Regulation 33 of SEBI Listing Regulations, 2015, please find enclosed the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ....
BAJAJST · price
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Bajaj Steel Industries Limited announced its unaudited Q2 FY26 results. Standalone revenue from operations was about ₹15,009 lacs versus ₹13,769 lacs in Q2 FY25, a roughly 9% YoY rise. Standalone net profit for the quarter came in at ₹1,481.68 lacs (EPS ₹7.12), compared to ₹1,442.16 lacs (EPS ₹6.93) in Q2 FY25. For H1 FY26, standalone revenue was around ₹24,214 lacs and net profit ₹1,979.65 lacs, against ₹25,247 lacs revenue and ₹4,362.38 lacs profit in H1 FY25. The sharp H1 profit decline is almost entirely explained by a one-time exceptional dividend of ₹2,652.33 lacs (USD 31,83,528) received from its US subsidiary Bajaj Coneagle LLC during H1 FY25, which is shown as an exceptional item. On a consolidated basis, Q2 FY26 PAT was ₹2,127.53 lacs and H1 FY26 PAT was ₹2,867.45 lacs. The statutory auditor, B. Chhawchharia & Co., issued an unqualified limited review report with no qualifications or emphasis-of-matter paragraph.
The core business is steady, with low-single-digit YoY profit growth in Q2. The weak H1 headline number is a comparison effect from the prior-year exceptional dividend rather than any real operating deterioration. Operating cash flow remains healthy at ₹4,965 lacs (standalone) for H1 FY26, and the balance sheet is lightly levered with debt/equity around 0.12. For shareholders, the year-on-year profit decline is a one-off distortion, and the business continues to be profitable and cash-generative.