Zenith Steel Q3 profit at Rs 122L; revenue down 56% YoY, qualified audit

Going ConcernQualified OpinionEmphasis Of MatterRevenue DeclineResults View source PDF Explain this filing

ZENITHSTL · price

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

-2.0%Reaction day

₹5.40

prior close

₹5.26

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-1.5% vs market

Iron & Steel Products peers, median of 93sector-0.4%-1.6% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.6 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.3

10m

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15m

+0.6

30m

-1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.0-0.5-1.5-0.4-1.6

Next day

-4.4-1.0-3.4-0.7-3.8

-4.1-2.5-1.6-1.8-2.3

-5.6-3.2-2.4-2.3-3.2

-4.8-2.2-2.6-1.6-3.2

-5.2-1.9-3.2-0.9-4.2

-4.8-3.5-1.3-2.8-2.0

15d

-1.5-8.8+7.3-6.0+4.5

+5.2-9.3+14.5-8.6+13.7

+19.8-4.5+24.3-3.3+23.1

+16.1+5.4+10.8+3.4+12.7

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 93Pending

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

AI summary

Zenith Steel posted Q3 FY26 standalone PAT of Rs 122.11 lakhs versus a loss of Rs 20.03 lakhs YoY. Nine-month PAT swung to Rs 274.36 lakhs profit from Rs 255.57 lakhs loss. Revenue from operations fell sharply to Rs 4,144.73 lakhs from Rs 9,426.80 lakhs. Profit includes Rs 1,754.42 lakhs of one-time provision writebacks. Net worth fully eroded. Auditor issued qualified conclusion citing going concern uncertainty, unreconciled balances, and frozen bank accounts. An ex-accountant fraud of around Rs 758 lakhs is also under investigation.

Likely market impact

Profit driven by one-time writebacks; negative net worth, qualified audit, and ongoing legal disputes raise red flags.