Approval of Unaudited Financial Results for the Quarter ended June 30, 2025
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Rathi Steel and Power Ltd reported Q1 FY26 revenue from operations of Rs. 15,529.43 lacs, up about 21.6% from Rs. 12,772.78 lacs in Q1 FY25. However, profit before tax declined to Rs. 188.55 lacs from Rs. 268.52 lacs in the year-ago quarter, a drop of roughly 30%. Total expenses rose to Rs. 15,351.59 lacs from Rs. 12,513.28 lacs, with cost of materials consumed and finance costs both increasing notably. Basic EPS stood at Rs. 0.22 versus Rs. 0.32 in Q1 FY25. The auditor (M. Lal & Co.) issued a clean limited review report with no qualifications or concerns flagged.
The sharp jump in revenue is positive and signals strong top-line momentum, but the simultaneous fall in profit shows that higher material and finance costs are eating into margins. Shareholders may see this as a mixed quarter — good growth, but weak bottom-line conversion, which could weigh on the stock in the near term.