Q1 FY27 results approved; net profit down about 53 percent YoY
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On the reaction day the stock moved 5.1 pts less than Nifty Microcap 250 and 4.2 pts less than its Castings & Forgings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Nitin Castings board approved Q1 FY27 (June 2026) unaudited standalone results. Net sales came in at Rs. 2,746.68 lakhs versus Rs. 3,574.54 lakhs in Q1 FY26, a decline of about 23 percent. Net profit stood at Rs. 267.52 lakhs versus Rs. 570.59 lakhs YoY, down about 53 percent. EPS was Rs. 5.20 versus Rs. 11.10 YoY. Auditor issued a clean (unqualified) review report. Board also approved FY26 annual financial statements and appointed NKJ and Associates as Cost Auditor for FY27.
Sharp YoY drop in revenue and profit despite positive earnings; may weigh on near-term stock sentiment.