Results - Announcements
Beekay Steel Industries Ltd share price softened by 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, easing 9.80%. It has marginally improved by 2.02% over last one week and advanced 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, surging by 40.77% year-on-year, and nosediving by 63.61% quarter-on-quarter. EBITDA came in at Rs 50 crore, expanding by 259.05% YoY and rallying 199.28% sequentially.
Total expenses advancing 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, growing marginally by 8.70% YoY, while employee benefits expense was at Rs 17.44 crore, inching up 4.62% YoY.
For FY26, revenue from operations tick up 9.17% to Rs 1175.04 crore, while net profit tumbled by 59.23% to Rs 35.6 crore, compared to previous FY. EBITDA surged by 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 15% in last one year, underperforming the benchmark BSE Sensex which has slipped by 3.42% during the same period.