Results - Announcements
Bajaj Steel Industries Ltd share price inched up 0.18% to Rs 329.7 after the company's net profit tumbled by 2951.85% to Rs 7.7 crore, while revenue from operations increased sharply by 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, jumping 20.23%. It has improved by 2.69% over last one week and jumped by 19.41% in last one month while the market capitalization of Bajaj Steel Industries Ltd has marginally improved by 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, crashing by 68.60% year-on-year, and expanding by 909.09% quarter-on-quarter. EBITDA came in at Rs 9 crore, nosediving by 68.65% YoY and surging by 113.51% sequentially.
Total expenses witnessed a sharp rise of 23.75% to Rs 147.79 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 101.77 crore, soaring by 43.42% YoY, while employee benefits expense was at Rs 24.49 crore, surging 17.85% YoY.
For FY26, revenue from operations contracted by 10.36% to Rs 524.18 crore, while net profit plunged by 56.23% to Rs 36.91 crore, compared to previous FY. EBITDA surged by 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 crashed 38.53% in last one year, underperforming the benchmark BSE Sensex which has eased by 2.74% during the same period.