Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2026
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Kalyani Steels reported FY26 standalone revenue of ₹18,456 million, down 6.9% from ₹19,819 million in FY25, impacted by challenging market conditions. Profit after tax grew marginally by 0.8% to ₹2,551 million. EPS stood at ₹58.45 vs ₹57.96 in the prior year. Finance costs reduced significantly by 53% to ₹86 million, indicating improved debt management. The company recorded ₹79.26 million as exceptional items related to new labour code implementation. Cash flow from operations declined sharply to ₹1,407 million from ₹3,826 million, driven by higher working capital requirements including increased trade receivables and reduced payables. The Board recommended dividend of ₹10 per share (200%). Auditors issued unmodified opinions on both standalone and consolidated results.
Revenue decline of 7% is a concern, but PAT growth and improved margins show operational resilience. The sharp drop in operating cash flow raises red flags for liquidity, though strong cash generation from mutual fund redemptions partially offset this. Dividend payout signals confidence.