Q1 results: revenue up 31%, swings to profit, new MD appointed

Revenue Growth 20pctPat Growth 25pctResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+9.9%Reaction day

₹32.40

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Nifty Microcap 250market · in no size index; the smallest one is used-1.0%+10.9% vs market

Iron & Steel Products peers, median of 98sector-0.5%+10.4% vs sector

On the reaction day the stock moved 10.9 pts more than Nifty Microcap 250 and 10.4 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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+9.9-1.0+10.9-0.5+10.4

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+20.9-0.4+21.2-0.7+21.6

+26.9-0.8+27.7-1.3+28.2

+20.6-1.9+22.4-1.2+21.8

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-21.0+1.0-22.0-0.2-20.8

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 98Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Shree Steel Wire Ropes reported Q1 FY27 revenue of about Rs 248.6 lakhs versus Rs 189.1 lakhs in Q1 FY26, a rise of about 31 percent. The company swung to a profit after tax of Rs 22.72 lakhs from a loss of Rs 1.87 lakhs a year ago. The board approved Anil L. Sajnani as the new Managing Director after Ashish L. Sajnani resigned for personal reasons. CFO Niranjan Choudhary and Whole Time Director Ramnarayan Tiwari also resigned. The 34th AGM is set for September 18, 2026.

Likely market impact

Positive earnings turnaround and revenue growth, but sudden exit of MD, WTD and CFO raises governance questions.