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Shree Steel Wire Ropes Q2 FY27 results: net profit ₹0.01 crore vs ₹0.29 crore loss, revenue up 177.3%
Shree Steel Wire Ropes Ltd reported standalone results for Q2 FY27, with revenue of ₹2.44 crore and a net profit of ₹0.01 crore. Against a net loss of ₹0.29 crore in Q2 FY26, the company returned to profit, while profit was lower than the ₹0.23 crore reported in Q1 FY27.
Key points
- Revenue was ₹2.44 crore in Q2 FY27, up 177.3% from ₹0.88 crore in Q2 FY26.
- Net profit was ₹0.01 crore, against a net loss of ₹0.29 crore in the year-ago quarter.
- EBITDA was ₹0.01 crore with a margin of 0.5%, compared with a margin of -31.1% in Q2 FY26.
- Against Q1 FY27, profit fell 95.7% from ₹0.23 crore and EBITDA fell 96.0% from ₹0.25 crore.
- Total expenses were ₹2.49 crore, up 10.7% from ₹2.25 crore in the previous quarter, with no exceptional item.
How did Shree Steel Wire Ropes perform in Q2 FY27?
Shree Steel Wire Ropes reported standalone revenue of ₹2.44 crore for Q2 FY27, the July–September 2026 quarter, against ₹0.88 crore in Q2 FY26, a rise of 177.3%. Total income was ₹2.50 crore compared with ₹0.93 crore a year earlier. EBITDA was ₹0.01 crore, compared with a loss of ₹0.28 crore in Q2 FY26, and the EBITDA margin was 0.5% against -31.1%.
Profit before tax was ₹0.01 crore against a loss of ₹0.28 crore in the year-ago quarter, and net profit was ₹0.01 crore against a net loss of ₹0.29 crore. Basic EPS was ₹0.02, up ₹0.91 from -₹0.89. Compared with Q1 FY27, revenue was nearly unchanged at ₹2.43 crore, but EBITDA fell 96.0% from ₹0.25 crore and net profit fell 95.7% from ₹0.23 crore. Basic EPS was ₹0.69 in Q1 FY27.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 2.44 | 2.43 | 0.88 | +177.3% | +0.4% |
| Other income | 0.07 | 0.05 | 0.05 | +40.0% | +40.0% |
| Total expenses | 2.49 | 2.25 | 1.21 | +105.8% | +10.7% |
| EBITDA | 0.01 | 0.25 | −0.28 | turned to profit | −96.0% |
| EBITDA margin | 0.5% | 10.5% | -31.1% | +31.6 pp | −10.0 pp |
| Profit before tax | 0.01 | 0.23 | −0.28 | turned to profit | −95.7% |
| Tax | 0 | 0.01 | 0.01 | ||
| Net profit | 0.01 | 0.23 | −0.29 | turned to profit | −95.7% |
| EPS (₹) | 0.02 | 0.69 | −0.89 | turned to profit | −97.1% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Shree Steel Wire Ropes' costs and profit?
Total expenses rose 105.8% to ₹2.49 crore from ₹1.21 crore in Q2 FY26, and were up 10.7% from ₹2.25 crore in Q1 FY27. Cost of materials was the largest line at ₹2.01 crore, up ₹1.11 crore from ₹0.90 crore a year earlier and up ₹0.65 crore from ₹1.36 crore in the previous quarter. Employee cost was ₹0.50 crore, up ₹0.09 crore from ₹0.41 crore and ₹0.05 crore from ₹0.45 crore respectively.
Other expenses were ₹0.31 crore, up ₹0.07 crore from ₹0.24 crore in Q2 FY26 and ₹0.04 crore from ₹0.27 crore in Q1 FY27. Depreciation was ₹0.07 crore, against ₹0.05 crore a year earlier and unchanged from the previous quarter, while finance costs were unchanged. Other income was ₹0.07 crore, up ₹0.02 crore from both ₹0.05 crore figures. Tax fell ₹0.01 crore to no tax expense, and there was no exceptional item in any of the periods.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 2.01 | 0.90 | +1.11 | +123.3% |
| Employee cost | 0.50 | 0.41 | +0.09 | +22.0% |
| Finance costs | 0 | 0 | 0 | |
| Depreciation | 0.07 | 0.05 | +0.02 | +40.0% |
| Other expenses | 0.31 | 0.24 | +0.07 | +29.2% |
| Total expenses | 2.49 | 1.21 | +1.28 | +105.8% |
| Other income | 0.07 | 0.05 | +0.02 | +40.0% |
| Tax | 0 | 0.01 | −0.01 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
For H1 FY27, operating cash flow was -₹0.28 crore against ₹0.4 crore in H1 FY26. Investing cash flow was -₹0.03 crore against ₹0.17 crore, financing cash flow was unchanged at ₹0.00 crore, and capital expenditure was -₹0.4 crore against -₹0.04 crore in the year-ago period.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 14.77 | 14.15 |
| Total equity | 13 | 12.76 |
| Borrowings | 0 | 0 |
| Cash and equivalents | 0.70 | 0.79 |
| Inventories | 4.68 | 4 |
| Trade receivables | 0.76 | 0.78 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −0.28 | 0.40 |
| Cash from investing | −0.03 | 0.17 |
| Cash from financing | 0 | 0 |
| Capital expenditure | −0.40 | −0.04 |
Source: Company's results filing (XBRL).
How has Shree Steel Wire Ropes done over the last 8 quarters?
Revenue over the last eight quarters reached ₹2.84 crore in Q3 FY25 before falling to a low of ₹0.88 crore in Q2 FY26, and has since recovered to ₹2.44 crore in Q2 FY27. Revenue rose year on year in each of the last two quarters. The latest quarter was nearly flat against Q1 FY27, when revenue was ₹2.43 crore.
Profit after tax was at its lowest at -₹0.29 crore in Q2 FY26, with the EBITDA margin also at its low of -31.1% in that quarter. PAT then moved into profit, reaching ₹0.23 crore in Q1 FY27 as the EBITDA margin rose to 10.5%. In Q2 FY27, PAT was ₹0.01 crore and the EBITDA margin was 0.5%, so profitability moved lower than in the previous quarter despite higher revenue.
How did other Iron & Steel Products companies do?
Forty-six other Iron & Steel Products companies were compared for this quarter, with a median revenue growth of 13.4%. Of these, 44 grew slower than Shree Steel Wire Ropes and 2 grew faster. Among the 49 companies for which profit was compared, 29 reported higher profit.
| Shree Steel Wire Ropes revenue growth (YoY) | +177.3% |
|---|---|
| Median of 46 other Iron & Steel Products companies | +13.4% |
| Companies with slower revenue growth than Shree Steel Wire Ropes | 44 of 46 |
| Companies with faster revenue growth than Shree Steel Wire Ropes | 2 of 46 |
| Companies whose net profit rose | 29 of 49 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Shree Steel Wire Ropes' revenue in Q2 FY27?
Revenue from operations was ₹2.44 crore, up 177.3% from ₹0.88 crore in Q2 FY26 (standalone).
Did Shree Steel Wire Ropes make a profit in Q2 FY27?
Yes. Net profit was ₹0.01 crore, against a net loss of ₹0.29 crore in Q2 FY26.
What was Shree Steel Wire Ropes' EPS in Q2 FY27?
Basic earnings per share were ₹0.02, against a loss of ₹0.89 in Q2 FY26.
When did Shree Steel Wire Ropes announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Outcome for Outcome Of Board Meeting (BSE, 5 November 2026) · PDF
- Result For The Fquarter Ended 30.09.26 (BSE, 5 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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