Results - Announcements
MSP Steel & Power Ltd share price gained 1.54% to Rs 32.91 after the company's net profit soared by 56.10% to Rs 34.31 crore, while revenue from operations slipped slightly by 2.36% to Rs 806.99 crore in Q2FY27 over Q2FY26.
The market capitalization of Iron & Steel Products industry group stocks on BSE stood at Rs 3.4 lakh crore, heading higher 10.42%. It has inched up 2.02% over last one week and climbed by 10.29% in last one month while the market capitalization of MSP Steel & Power Ltd has increased 11.85% and 1.46% in the same period respectively.
Profit before tax (PBT) of MSP Steel & Power Ltd stood at Rs 46.25 crore in Q2 FY27, crashing by 146.02% year-on-year, and surging by 55.05% quarter-on-quarter. EBITDA came in at Rs 71 crore, jumping 229.62% YoY and expanding by 42.46% sequentially.
Total expenses marginally dropped 4.85% to Rs 750.07 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 606.14 crore, easing 6.70% YoY, while employee benefits expense was at Rs 23.55 crore, inching up 1.25% YoY.
For FY26, revenue from operations softened by 2.14% to Rs 2842.96 crore, while net profit tanked by 219.08% to Rs 33.77 crore, compared to previous FY. EBITDA witnessed a strong improvement of 13070% to Rs 174.57 crore, and PBT tumbled by 1023.83% to Rs 23.65 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 148.19 crore in FY26, as against Rs 189.28 crore in FY25.
MSP Steel & Power Ltd dropped 5.21% in last one year, significantly underperforming the benchmark BSE Sensex which has softened by 3.03% during the same period.