Results - Announcements
Mahamaya Steel Industries Ltd share price softened by 1.53% to Rs 1499.9 after the company's net profit surged by 21.60% to Rs 2.59 crore, while revenue from operations slipped slightly by 4.45% to Rs 255.72 crore in Q2FY27 over Q2FY26.
The market capitalization of Iron & Steel Products industry group stocks on BSE stood at Rs 3.4 lakh crore, climbing 10.58%. It has improved by 1.57% over last one week and advanced by 9.81% in last one month while the market capitalization of Mahamaya Steel Industries Ltd has marginally improved by 3.34% and 42.20% in the same period respectively.
Profit before tax (PBT) of Mahamaya Steel Industries Ltd stood at Rs 3.54 crore in Q2 FY27, expanding by 47.50% year-on-year, and surging by 22.92% quarter-on-quarter. EBITDA came in at Rs 6 crore, rallying 24.03% YoY and gaining 7.79% sequentially.
Total expenses eased by 4.64% to Rs 251.92 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 204.9 crore, easing 3.02% YoY, while employee benefits expense was at Rs 6.98 crore, witnessing a strong rise of 14.05% YoY.
For FY26, revenue from operations rose 10.11% to Rs 882.85 crore, while net profit jumped 26.32% to Rs 9.6 crore, compared to previous FY. EBITDA jumped by 1743% to Rs 22.07 crore, and PBT witnessed a strong rise of 28.86% to Rs 12.95 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 7.67 crore in FY26, as against Rs 8.85 crore in FY25.
Mahamaya Steel Industries Ltd soared by 94.59% in last one year, significantly outperforming the benchmark BSE Sensex which has eased by 3.03% during the same period.