Modern Steels Q2 FY27: Net profit Rs 36L vs Rs 8L on Rs 63L income
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Modern Steels Ltd reported Q2 FY27 standalone unaudited results. Total income rose to Rs 63 lakh (vs Rs 31 lakh in Q2 FY26), driven entirely by other income. Net profit jumped to Rs 36 lakh from Rs 8 lakh, with EPS of Rs 0.26 vs Rs 0.06. Half-year PAT was Rs 72 lakh (vs Rs 31 lakh) on income of Rs 121 lakh (vs Rs 78 lakh). The company has no manufacturing operations after selling its Mandi Gobindgarh assets under slump sale and earns mainly commission and other income. Cash flow from operations was negative Rs 27 lakh in H1. Auditor Sanjeev Sharma & Associates issued an unmodified limited review report.
Sharp profit jump on higher other income, but firm has no operating business; negative operating cash flow and reliance on going concern assumption warrant caution.