MSP Steel & Power Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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MSP Steel & Power Limited reported audited standalone results for FY26 with revenue from operations declining 2.1% to ₹2,84,296.43 Lakhs from ₹2,90,524.78 Lakhs in FY25. Despite a negative PBT of ₹(2,357.60) Lakhs due to a ₹10,163.30 Lakhs exceptional item (Right of Recompense payment for exiting debt restructuring), the company posted a net profit of ₹3,385.09 Lakhs mainly due to recognition of a Deferred Tax Asset of ₹4,737.37 Lakhs on Section 43B deductions. Finance costs reduced significantly by 41% to ₹4,749.65 Lakhs. The Board also approved a ₹500 Crore capital expenditure for expanding steel manufacturing capacity at Raigarh, Chhattisgarh, funded through debt and internal accruals.
While PAT turned positive helped by a one-time deferred tax asset benefit, the underlying operational PBT remains negative. The ₹500 Crore expansion signals growth ambition but will increase debt levels. Investors should focus on revenue recovery and sustainable profitability beyond tax adjustments.