Press Release on Standalone Audited Financial Result for the half year and year ended March 31, 2026
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Karbonsteel Engineering reported FY26 revenue of ₹300.88 crore, crossing the ₹300 crore milestone for the first time, representing 10% YoY growth from ₹273.05 crore. However, profitability declined significantly with PAT falling 26% to ₹10.51 crore from ₹14.16 crore, and EBITDA margin compressing 255 basis points to 10.86% from 13.41%. The decline was attributed to external pressures including restricted LPG supply, rising steel and crude oil prices, and a one-time exceptional loss of ₹1.65 crore. A job-work arrangement with a key client also reduced revenue by approximately ₹40 crore. The company maintained strong operational metrics with 90% capacity utilisation and expanded its order book to ₹253 crore from ₹198 crore. A 50% capacity expansion at the Umbergaon facility is underway, expected to commence by October 2026.
The stock may see mixed sentiment as revenue growth is positive but profitability metrics are weak due to margin compression and cost inflation. The ₹253 crore order book and capacity expansion provide revenue visibility for FY27, though current period earnings are under pressure.