Shankara Building Products Limited has informed the Exchange about Transcript
SHANKARA · price
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Awaiting price reaction for this filing.
Shankara Building Products reported a strong Q1FY26, with steel volumes rising 35% year-on-year to a record 2.38 lakh tons, led by flat products (65%), roofing (35%) and pipes & tubes (32%). Non-steel business grew modestly at 5%. EBITDA margin improved to 3.58% (from 3.20% in Q1FY25) and absolute EBITDA grew 43% to Rs. 59 crore, partly aided by ~Rs. 5 crore of inventory gain. Net profit jumped 102% YoY to Rs. 32 crore. Same-store sales growth (SSSG) for retail was 22% versus 14% in FY25. Management reaffirmed its FY26 steel volume target of 1 million tons and guided 20-25% growth for the marketplace business. Two new fulfillment centres were opened in Jabalpur and Gannavaram, with ~4 more stores planned. NCLT hearing on the demerger is scheduled for end-August 2025, with completion expected in Q3FY26.
Positive for shareholders: strong volume growth, margin expansion, 102% jump in net profit, and confidence on hitting 1 million ton target signal healthy business momentum. Watch the demerger timeline in Q3FY26 and any further steel price softness in July, which management acknowledged but expects to plateau.