Results - Announcements
Beekay Steel Industries Ltd share price slipped 3.84% to Rs 394.25 after the company's net profit tanked by 68.10% to Rs 12.07 crore, while revenue from operations increased 11.93% to Rs 419.4 crore in Q2FY27 over Q2FY26.
The market capitalization of Iron & Steel Products industry group stocks on BSE stood at Rs 3.4 lakh crore, improving 10.43%. It has marginally improved by 2.02% over last one week and moving up by 10.29% in last one month while the market capitalization of Beekay Steel Industries Ltd has eased by 3.37% and 9.27% in the same period respectively.
Profit before tax (PBT) of Beekay Steel Industries Ltd stood at Rs 17.16 crore in Q2 FY27, rallying 40.77% year-on-year, and crashing by 63.61% quarter-on-quarter. EBITDA came in at Rs 50 crore, expanding by 259.05% YoY and surging by 199.28% sequentially.
Total expenses increased by 12.28% to Rs 387.2 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 252.53 crore, inching up 8.70% YoY, while employee benefits expense was at Rs 17.44 crore, ticking higher by 4.62% YoY.
For FY26, revenue from operations inched higher 9.17% to Rs 1175.04 crore, while net profit witnessed a sharp fall of 59.23% to Rs 35.6 crore, compared to previous FY. EBITDA witnessed a strong improvement of 9343% to Rs 72.8 crore, and PBT collapsed by 55.02% to Rs 49.68 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 145.77 crore in FY26, as against Rs 146.91 crore in FY25.
Beekay Steel Industries Ltd crashed 10.92% in last one year, underperforming the benchmark BSE Sensex which has slipped by 3.03% during the same period.