Steelcast Limited has informed the Exchange about Transcript
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Steelcast reported strong Q1 FY26 results with revenue up 38% YoY to ₹106.7 crore and EBITDA up 44% to ₹30 crore (28.1% margin, up 120 bps). PAT grew 54% to ₹19.9 crore, with margin at 18.6%. Revenue mix stood at 46% domestic and 54% exports, with sales volume of 3,618 tons. Management guided for 18-20% revenue growth in FY26 and sustainable EBITDA margins of 25-26% for the next 2-3 years. Capacity utilization improved to 53% from 32% last year, with a roadmap to reach 80-84% by FY28. Current order book stands at around ₹80 crore. A 2.4 MW hybrid power plant is set for commissioning by March 2026, expected to save ₹3.5-4 crore annually. Management downplayed US tariff impact, noting ex-works sales and a 50%+ duty advantage over Chinese competitors.
Strong quarter with broad-based growth and clear multi-year capacity expansion roadmap. Defense and GET segment opportunities provide optionality, though near-term growth is largely driven by mining/earthmoving. Margins are guided to be stable, not expanding, which may limit multiple expansion despite strong growth.