Results - Announcements
MSP Steel & Power Ltd share price ticked higher by 3.22% to Rs 33.97 after the company's net profit jumped 56.10% to Rs 34.31 crore, while revenue from operations eased 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, rising 9.80%. 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 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, nosediving by 146.02% year-on-year, and expanding by 55.05% quarter-on-quarter. EBITDA came in at Rs 71 crore, rallying 229.62% YoY and jumping 42.46% sequentially.
Total expenses slightly declined by 4.85% to Rs 750.07 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 606.14 crore, slightly declining by 6.70% YoY, while employee benefits expense was at Rs 23.55 crore, ticking higher by 1.25% YoY.
For FY26, revenue from operations eased 2.14% to Rs 2842.96 crore, while net profit tumbled by 219.08% to Rs 33.77 crore, compared to previous FY. EBITDA jumped by 13070% to Rs 174.57 crore, and PBT tanked 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 softened by 1.85% in last one year, outperforming the benchmark BSE Sensex which has eased by 3.42% during the same period.