Announced Mon, 13 Jul · 17:41 IST
Q1 results: revenue up 31%, swings to profit, new MD appointed
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+20.9%1-day move
₹32.40
prior close
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base price
After-mkt
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————+20.9+26.9+20.6+14.5+8.8-1.8————
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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.