Bengal Steel Industries Ltd reported a 23.3% decline in consolidated net profit to ₹4.27 lakh for the quarter ended June 30, 2026, compared to ₹5.45 lakh in the corresponding quarter of the previous year. The company's revenue from operations remained stagnant at ₹15 lakh during the period under review. Total expenses increased to ₹9.92 lakh from ₹8.52 lakh in the quarter ended June 30, 2025, primarily driven by higher employee benefits and other expenses.

The Board of Directors approved the standalone and consolidated unaudited financial results at its meeting held on July 21, 2026. The limited review of the results was conducted by the Statutory Auditors, S. Ghose & Co LLP, in accordance with Regulation 33 of the SEBI (LODR) Regulations, 2015. The auditors noted that the consolidated results include unaudited financial information of subsidiary Tamil Nadu Alkaline Batteries Limited, which reported a net loss of ₹0.11 lakh for the quarter.

On a standalone basis, the company reported a net profit of ₹4.37 lakh for Q1FY26, down from ₹5.57 lakh in the same period last year. Profit before tax stood at ₹5.19 lakh, with a tax expense of ₹0.82 lakh. Earnings per share (EPS) on a basic and diluted basis (not annualised) was recorded at ₹0.09 for the quarter, compared to ₹0.11 in the previous year.

The financial statements were prepared in compliance with Indian Accounting Standards (Ind-AS). The Board authorized Director V.N. Agarwal to sign the financial results on behalf of the company. Previous period figures have been regrouped or rearranged wherever necessary to maintain comparability.

Financial Performance Summary

Key Disclosures

• The subsidiary, Tamil Nadu Alkaline Batteries Limited, contributed nil revenue and a net loss of ₹0.11 lakh to the consolidated results.
• The Statutory Auditors issued a limited review report confirming that the financial results are free from material misstatement based on their review procedures.
• The Audit Committee reviewed the financial results prior to Board approval.

Bengal Steel Industries Limited held its Board of Directors meeting on 12th May, 2026, at its registered office in Kolkata, and approved the Standalone and Consolidated Audited Financial Results for the quarter and year ended 31st March, 2026. The filing was made pursuant to Regulations 30, 33, and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Subsequently, the company published the results as newspaper advertisements in Financial Express (National English daily) and Ekdin (Vernacular daily) on 14th May, 2026, pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015. The audit reports issued by statutory auditors M/s. S. Ghose & Co. LLP carry an unmodified opinion, confirming the absence of any qualifications on both standalone and consolidated financial statements.

Standalone Financial Performance

On a standalone basis, Bengal Steel Industries reported a strong improvement in profitability for the year ended March 31, 2026. Total revenue grew to ₹70.79 lakhs from ₹61.54 lakhs in the previous year, driven by revenue from operations of ₹60.00 lakhs and other income of ₹10.79 lakhs. Total expenses declined significantly to ₹30.04 lakhs from ₹40.28 lakhs, resulting in a near-doubling of net profit after tax. The following table summarises the key standalone financial metrics:

Standalone Balance Sheet Highlights

The standalone balance sheet as at 31st March, 2026 reflects a healthy financial position. Total assets stood at ₹1,097.18 lakhs, up from ₹1,059.79 lakhs in the prior year. Cash and cash equivalents increased to ₹143.23 lakhs from ₹106.17 lakhs. Total equity improved to ₹1,040.23 lakhs from ₹1,005.95 lakhs, supported by other equity of ₹550.23 lakhs.

On a standalone cash flow basis, net cash from operating activities was ₹26.28 lakhs for the year ended 31st March, 2026, while net cash from investing activities amounted to ₹10.79 lakhs, primarily on account of interest income on fixed deposits. Cash and cash equivalents at the end of the year stood at ₹143.23 lakhs, compared to ₹106.17 lakhs at the beginning of the year.

Consolidated Financial Performance

The consolidated results include Bengal Steel Industries Limited as the parent company and Tamil Nadu Alkaline Batteries Limited as its subsidiary. On a consolidated basis, total revenue for the year ended 31st March, 2026 was ₹70.79 lakhs, with net profit after tax of ₹34.03 lakhs, compared to ₹17.53 lakhs in the prior year. The subsidiary reported total assets of ₹135.85 lakhs as at 31st March, 2026, with a net loss after tax of ₹(0.25) lakhs for the year.

Consolidated Balance Sheet and Cash Flows

The consolidated balance sheet as at 31st March, 2026 showed total assets of ₹1,123.59 lakhs, up from ₹1,086.46 lakhs in the prior year. Total equity stood at ₹1,038.83 lakhs, including non-controlling interest of ₹3.95 lakhs. Consolidated cash and cash equivalents at year-end were ₹143.51 lakhs, compared to ₹106.44 lakhs at the start of the year. Net cash from operating activities on a consolidated basis was ₹26.28 lakhs, and net cash from investing activities was ₹10.79 lakhs.

Regulatory Compliance and Authorisation

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 12, 2026. The board meeting commenced at 4:30 P.M. and concluded at 5:30 P.M. The Board of Directors authorised Mr. V.N. Agarwal, Director, to sign the results on behalf of the company. The filing was submitted to BSE Limited by Neha Mehra, Company Secretary & Compliance Officer. The declaration confirming unmodified audit opinions was also filed in terms of Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015. In compliance with Regulation 47 of the SEBI (LODR) Regulations, 2015, the company published the audited financial results as newspaper advertisements in Financial Express (National English daily) and Ekdin (Vernacular daily) on 14th May, 2026, with the intimation submitted to BSE Limited by Neha Mehra.