Outcome of Board Meeting dtd. 18.10.2025
Price
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Awaiting price reaction for this filing.
Panchmahal Steel's Board approved its Q2 FY26 and H1 FY26 results on October 18, 2025. Revenue from operations for Q2 stood at Rs. 9,263.21 lakhs, down about 6.5% from Rs. 9,904.56 lakhs in Q2 FY25. Profit after tax fell sharply to Rs. 55.47 lakhs (vs Rs. 177.84 lakhs last year), with EPS at Rs. 0.29 versus Rs. 0.94. For the half-year, the company swung to a loss of Rs. 136.99 lakhs (vs profit of Rs. 369.33 lakhs in H1 FY25) on revenue of Rs. 18,017.25 lakhs, down from Rs. 19,717.20 lakhs. Operating cash flow improved to Rs. 1,025.80 lakhs (vs Rs. 837.44 lakhs) and a dividend of Rs. 572.35 lakhs was paid during the period.
Weak quarterly and half-year results, with a swing into loss and sharp profit decline, are likely to weigh negatively on the stock. However, the company remains debt-light with Rs. 15,324.59 lakhs of equity against Rs. 4,791.76 lakhs of borrowings, and generated positive operating cash flow.