Q1 FY27 results: revenue up 32%, Rs 27.5cr capex, board changes, preferential issue
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On the reaction day the stock moved 4.5 pts more than Nifty Microcap 250 and 5.4 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Q1 FY27 revenue rose to Rs 35.19 cr (vs Rs 26.62 cr YoY), net profit Rs 45.14 lakhs (vs Rs 21.07 lakhs). Board approved Rs 27.5 cr capex for UHP tube capacity (500 MTPA addition). Order book Rs 114 cr. Preferential issue of shares and warrants at Rs 180 to promoters and WSG Co Korea to raise about Rs 22 cr. Vishwambhar C. Saraf (87) stepped down as director, made Chairman Emeritus; Rajendra C. Saraf new Non-Executive Chairman; grandson Ritvik Saraf joins as Promoter Director.
Strong YoY growth; capex signals capacity expansion; dilution risk from preferential issue; promoter family succession visible.