Results - Announcements
Mukand Ltd share price softened by 0.17% to Rs 147.3 after the company's net profit witnessed a sharp fall of 89.66% to Rs 57.36 crore, while revenue from operations improved marginally 7.34% to Rs 1362.21 crore in Q1FY27 over Q1FY26.
The market capitalization of Iron & Steel Products industry group stocks on BSE stood at Rs 3.4 lakh crore, gaining 9.26%. It has eased by 0.33% over last one week and moving up by 9.62% in last one month while the market capitalization of Mukand Ltd has slipped by 2.16% and 10.05% in the same period respectively.
Profit before tax (PBT) of Mukand Ltd stood at Rs 60.22 crore in Q1 FY27, surging by 59.86% year-on-year, and tanking 86.12% quarter-on-quarter. EBITDA came in at Rs 98 crore, tumbling by 1241.89% YoY and nosediving by 81.39% sequentially.
Total expenses saw a slight increase of 5.24% to Rs 1372.96 crore in Q1FY27 over Q1FY26. During the quarter, cost of materials consumed stood at Rs 973.06 crore, growing marginally by 7.35% YoY, while employee benefits expense was at Rs 58.16 crore, inching up 4.51% YoY.
For FY26, revenue from operations remained flat to Rs 4889.83 crore, while net profit jumped 696.09% to Rs 604.15 crore, compared to previous FY. EBITDA surged by 28047% to Rs 382.67 crore, and PBT soared 332.91% to Rs 512.13 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 440.98 crore in FY26, as against Rs 180.09 crore in FY25.
Mukand Ltd rallied 8.39% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 2.37% during the same period.