Results - Announcements
Inducto Steel Ltd share price gained 1.28% to Rs 54.49 after the company's net profit soared by 131.78% to Rs 2.99 crore, while revenue from operations softened by 0.08% to Rs 79.32 crore in Q2FY27 over Q2FY26.
The market capitalization of Iron & Steel Products industry group stocks on BSE stood at Rs 3.38 lakh crore, rising 7.94%. It has improved by 2.93% over last one week and climbed by 8.79% in last one month while the market capitalization of Inducto Steel Ltd has remained flat
Profit before tax (PBT) of Inducto Steel Ltd stood at Rs 4.04 crore in Q2 FY27, crashing by 492.23% year-on-year, and surging by 134.88% quarter-on-quarter. EBITDA came in at Rs 4 crore, tumbling by 514.14% YoY and plunging by 22.64% sequentially.
Total expenses posted a minor rise of 1.65% to Rs 75.02 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 33.78 crore, falling by 16.80% YoY, while employee benefits expense was at Rs 1.11 crore, surging 20.65% YoY.
For FY26, revenue from operations tick up 4.50% to Rs 165.71 crore, while net profit tanked by 114.52% to Rs 0.54 crore, compared to previous FY. EBITDA tumbled by 392% to Rs 2.58 crore, and PBT collapsed by 115.38% to Rs 0.72 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 29.02 crore in FY26, as against Rs 11.87 crore in FY25.
Inducto Steel Ltd nosedived by 13.51% in last one year, underperforming the benchmark BSE Sensex which has slipped by 2.74% during the same period.