Outcome of Board Meeting & submission of Financial Results etc.
BEEKAY · price
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Awaiting price reaction for this filing.
The Board of Beekay Steel Industries Ltd, at its meeting on November 12, 2025, approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025. Standalone revenue from operations for Q2 FY26 was Rs 26,565.88 lakhs (vs Rs 23,803.71 lakhs in Q2 FY25, roughly 11-12% YoY growth), while standalone profit after tax for Q2 FY26 stood at Rs 1,099.23 lakhs. Statutory auditor Rustagi & Associates issued an unmodified (clean) Limited Review Report on both standalone and consolidated results, with no qualifications. The Board also approved the appointment of Mr. Lokanath Sahu as Whole Time Director (Operations) for 5 years and Mr. Binod Kumar Tulsyan as Independent Director for 5 years, subject to shareholder approval via postal ballot.
Clean auditor review supports confidence in the numbers, but standalone PAT for H1 FY26 appears meaningfully lower YoY despite revenue growth, indicating margin pressure. The new operational director brings 22+ years of metallurgical/DRI experience which could aid execution; investor attention will likely focus on whether margin recovery materialises in the second half.