Results - Announcements
Bajaj Steel Industries Ltd share price gained 0.18% to Rs 329.7 after the company's net profit witnessed a sharp fall of 2951.85% to Rs 7.7 crore, while revenue from operations gained significantly 28.97% to Rs 155.21 crore in Q2FY27 over Q2FY26.
The market capitalization of Industrial Products industry group stocks on BSE stood at Rs 3.82 lakh crore, expanding by 20.14%. It has marginally improved by 2.69% over last one week and spiked sharply by 19.41% in last one month while the market capitalization of Bajaj Steel Industries Ltd has inched up 5.34% and 15.34% in the same period respectively.
Profit before tax (PBT) of Bajaj Steel Industries Ltd stood at Rs 8.88 crore in Q2 FY27, tumbling by 68.60% year-on-year, and rallying 909.09% quarter-on-quarter. EBITDA came in at Rs 9 crore, crashing by 68.65% YoY and jumping 113.51% sequentially.
Total expenses surged 23.75% to Rs 147.79 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 101.77 crore, witnessing a sharp rise of 43.42% YoY, while employee benefits expense was at Rs 24.49 crore, witnessing a strong rise of 17.85% YoY.
For FY26, revenue from operations contracted by 10.36% to Rs 524.18 crore, while net profit tanked by 56.23% to Rs 36.91 crore, compared to previous FY. EBITDA witnessed a strong improvement of 8130% to Rs 47.91 crore, and PBT collapsed by 55.33% to Rs 50.0 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 78.21 crore in FY26, as against Rs 52.14 crore in FY25.
Bajaj Steel Industries Ltd plunged by 38.64% in last one year, underperforming the benchmark BSE Sensex which has slipped by 4.80% during the same period.