Outcome of the Board meeting
Price
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Awaiting price reaction for this filing.
The Board of Rathi Steel & Power approved unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations rose 21.6% YoY to Rs. 15,529.43 lakhs from Rs. 12,772.78 lakhs. However, profit after tax declined to Rs. 188.55 lakhs from Rs. 268.52 lakhs, and EPS fell to Rs. 0.22 from Rs. 0.32. Total expenses grew 22.7% YoY, outpacing revenue growth, which squeezed operating margins. The auditor M. Lal & Co. issued an unmodified limited review report with no qualifications or emphasis of matter.
Positive top-line growth signals demand recovery, but the sharp fall in profit despite higher revenue indicates rising input costs are hurting margins. Watch for sustained revenue growth and margin stabilisation in coming quarters before drawing positive conclusions.