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This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →

ZENITHSTLNSEZENITH STEEL PIP IND LTD· Industrial ProductsHighNeutral
Announced Thu, 5 Nov, 2026 · 00:07 IST

Sep 2026 quarter: consolidated revenue down 11%, profit after tax at Rs 30.75 lakh

Going-concern doubtQualified audit opinionEmphasis of matterRevenue declinedEBITDA margin expansionResults restatedResults View source PDFExplain this filing

ZENITHSTL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 1.4 pts less 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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AI summary

For the consolidated quarter ended 30 September 2026, revenue was Rs 1,247.03 lakh, down 11.2% from Rs 1,404.10 lakh in the same quarter a year earlier; profit after tax was Rs 30.75 lakh versus Rs 71.62 lakh. EBITDA margin rose 22.9 points but stayed negative. Consolidated borrowings were Rs 22,026.50 lakh and negative equity of Rs 24,821.13 lakh at 30 September 2026. The qualified review cited doubts about staying in business and debt recovery risk.

Likely market impact

Weak sales and profit, a qualified review and negative equity point to high financial risk and stock volatility. Debt settlement progress is crucial.

By the numbersConsolidated · Q2 FY27 vs Q2 FY26
Q2 FY27Q2 FY26Change
Revenue₹12.47 Cr₹14.04 Cr−11.2%
Operating profit−₹3.06 Cr−₹6.54 Crloss narrowed
Profit after tax₹0.31 Cr₹0.72 Cr−57.1%
EBITDA margin-15.9%-38.8%+22.9 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.