Announced Fri, 7 Aug, 2026 · 17:06 IST
Q1 FY27 Results: PAT falls 55% YoY despite revenue growth
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Meenakshi Steel Industries (primarily a finance and investment company) posted Q1 FY26-27 results. Total income rose to Rs. 478.13 lakhs from Rs. 401.34 lakhs YoY. However, PAT fell sharply to Rs. 24.47 lakhs from Rs. 54.27 lakhs, driven by a 42 percent jump in finance costs to Rs. 438.54 lakhs. EPS stood at Rs. 1.23 versus Rs. 2.72. Consolidated PAT was Rs. 27.07 lakhs. Auditor issued an unmodified limited review opinion.
Likely market impact
Higher borrowing costs hurt profitability despite top-line growth. Margin pressure remains a key concern.