Press release on Unaudited Financial Results for quarter ended June 30, 2025
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Rathi Steel & Power Ltd announced its Q1 FY26 unaudited results, posting total revenue of Rs 15,540.14 lakhs (about Rs 155.4 crore), up roughly 22% year-on-year from Rs 12,781.8 lakhs in Q1 FY25. EBITDA was nearly flat at Rs 622.74 lakhs versus Rs 605.98 lakhs, while profit after tax fell to Rs 188.55 lakhs from Rs 268.52 lakhs. Rolled product output rose sharply to 19,617 MT from 12,400 MT, pushing rolling mill capacity utilization from about 25% to 39% YoY. The company began TMT bar production, which management says will drive incremental revenue and margins, while steel melting shop utilization dipped to 55% due to a planned maintenance shutdown in April 2025.
Strong top-line growth is a positive, but flat EBITDA and a lower PAT point to margin pressure and higher costs. The new TMT bar line and improving rolling mill utilization could lift earnings going forward if demand from NCR builders holds up.