Announcement under regulations 30 of SEBI (LODR), 2015, consider and approve the audited financial results for the half year and year ended March 31, 2026
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M P K Steels (I) Ltd reported audited standalone financial results for FY26 (year ended 31 March 2026) and H2 FY26. Revenue from operations nearly doubled to approximately Rs 20,029 Lakhs from Rs 13,902 Lakhs in the prior year, driven by strong growth in its structural steel products business. Profit after tax grew modestly by about 5.6% to Rs 605.85 Lakhs from Rs 573.58 Lakhs, indicating that cost increases outpaced revenue growth. The company completed an IPO in October 2025 (raising Rs 2,573.50 Lakhs), with share capital rising from Rs 692.34 Lakhs to Rs 1,018.10 Lakhs. The auditors from N L A & Associates issued an unmodified (clean) opinion, and the company confirmed it does not fall under the SEBI 'Large Corporate' category. Total assets grew to Rs 11,746 Lakhs from Rs 6,241 Lakhs, largely reflecting IPO proceeds and business expansion.
Revenue growth of ~44% year-on-year is strong, but the modest PAT growth (5.6%) and significant working capital buildup — particularly trade receivables rising sharply to Rs 4,700 Lakhs from Rs 1,717 Lakhs — suggest operational leverage challenges. Shareholders should monitor cash collection efficiency as the company scales.