Magnus Steel & Infra Limited reported a significant rise in net profit to ₹241.13 lakh for the quarter ended June 30, 2026, compared to ₹40.83 lakh in the corresponding period of the previous year. The company's revenue from operations surged to ₹730.25 lakh, up from ₹195.43 lakh in Q1FY26, driven by increased business activity. The Board of Directors approved the unaudited standalone financial results for the quarter during a meeting held on July 22, 2026.

The company's total expenses for the quarter stood at ₹489.12 lakh, a decrease from ₹561.39 lakh in the preceding quarter ended March 31, 2026. Profit before tax for the quarter was recorded at ₹241.13 lakh. No tax expense was provisioned during the period due to carried forward and current losses. The basic and diluted earnings per share (EPS) for the quarter stood at ₹7.13, compared to ₹1.21 in the same quarter last year.

Financial Performance

The unaudited financial results for the quarter ended June 30, 2026, were reviewed by the Audit Committee and subsequently approved by the Board. Verma S & Associates, Chartered Accountants, conducted the limited review of the interim financial information. The statement was prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and other applicable accounting standards.

Operational Details

The paid-up equity share capital of the company remained constant at ₹338.03 lakh with a face value of ₹10 per share. The figures for the corresponding previous period have been restated or regrouped where necessary to ensure comparability. The company confirmed that there were no exceptional items reported during the quarter.

Magnus Steel & Infra Ltd has postponed the meeting of its Rights Issue Committee, which was scheduled for July 21, 2026. The delay is due to the pending in-principle approval from the stock exchange regarding the company's proposed rights issue. The committee will now convene within the next working day following the receipt of the necessary approval letter from the exchange.

The board of directors had previously approved raising up to ₹40 crore through a rights issue of equity shares during its meeting on July 15, 2026. The Rights Issue Committee was constituted to consider and approve critical parameters such as the record date, issue price, entitlement ratio, and other terms and conditions for the issuance. The funds are intended to augment the company's financial resources through the issuance of equity shares with a face value of ₹10 each to eligible shareholders.

Key Meeting Details

Rights Issue Parameters