The Board of Directors of the Company at their meeting held today i.e. Tuesday, August 12, 2025 inter alia considered and approved the Unaudited Standalone and Consolidated Financial Results ....
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Inducto Steel reported revenue from operations of Rs 4,585.32 lakhs for Q1 FY26 (quarter ended June 30, 2025), up about 18.6% from Rs 3,864.72 lakhs in Q1 FY25. However, the company remained in the red with a profit after tax of negative Rs 24.76 lakhs, though the loss narrowed significantly from Rs 91.76 lakhs in the same quarter last year. The Mumbai segment drove growth with revenue jumping to Rs 4,554.85 lakhs, while the Bhavnagar segment saw revenue collapse from Rs 386.44 lakhs to Rs 46.75 lakhs. The auditors flagged a concern in the limited review report: the company has Rs 29.21 crores (42.83% of total assets) parked in partnership firms, of which Rs 28.77 crores was used for advances toward a joint venture that has not commenced, creating a recoverability risk. The auditor's report itself is unmodified.
Shareholders may see the revenue rebound and narrower loss as modestly positive, but the auditor's emphasis on a large, at-risk partnership investment worth nearly 43% of total assets is a red flag that could weigh on the stock. The continued losses (negative EPS of Rs 0.62) mean the company is still not profitable at the bottom line.