Modern Steels Q2 FY26-27 PAT up to 36L; no manufacturing ops continue
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.2 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Modern Steels reported Q2 FY26-27 net profit of 36 lakhs (vs 8 lakhs YoY). H1 net profit rose to 72 lakhs from 31 lakhs, EPS at 0.52 vs 0.55. Total income of 121 lakhs for H1 (vs 78 lakhs) is entirely other income, as the company has no manufacturing operations after selling its assets under slump sale. Financials prepared on going concern basis with plans to restart commercial activity. Operating cash flow was negative 27 lakhs in H1. Auditor issued unmodified review report.
No core manufacturing revenue; profit driven by interest and commission income. Going concern flagged, but PAT growth is strong.