Announced Wed, 21 Oct, 2026 · 12:55 IST

Modern Steels Q2 FY26 results: net profit jumps 4.5x YoY to Rs 36 lakh

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Price reactionminutes from the announcement price · days from the prior close

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₹13.76

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-2.6%+0.1% vs market

Iron & Steel Products peers, median of 103sector-2.3%-0.2% vs sector

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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AI summary

Modern Steels reported strong Q2 FY26 results with total income at Rs 63 lakh versus Rs 31 lakh in the same quarter last year. Net profit for the quarter rose to Rs 36 lakh from Rs 8 lakh, a 4.5x jump. For H1 FY26, total income stood at Rs 121 lakh with net profit of Rs 72 lakh. Basic and diluted EPS climbed to Rs 0.26 from Rs 0.06 YoY. Results are reviewed but unaudited, and the board approved them on October 19, 2026.

Likely market impact

Sharp revenue and profit growth signals improving business momentum. Positive for shareholder sentiment, though absolute numbers remain small.