Monolithisch India Q1 Results: PAT surges 135% YoY to ₹10.07 crore
Monolithisch India Limited delivered record Q1FY27 results with revenue at ₹47.18 crore (+64% YoY) and PAT at ₹10.07 crore (+135% YoY), driven by premium product sales. SGB Limited products contributed 50% of revenue. The company plans to commence its greenfield project in September 2026 and guides Q2FY27 revenue at ₹55-60 crore.

*this image is generated using AI for illustrative purposes only.
Monolithisch India Limited reported record-high standalone and consolidated financial results for the quarter ended June 30, 2026 (Q1FY27), marking a significant acceleration in both top-line and bottom-line performance. The surge was primarily driven by increased volume sales of premium products, particularly from its SGB Limited product series, which accounted for approximately 50% of the company’s total revenue. This performance underscores the company's strategy of leveraging high-quality offerings to capture market share in the secondary steel industry, despite broader macroeconomic headwinds.
The filing, submitted pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, details a robust operational expansion alongside financial gains. Volume handled during the quarter reached approximately 52,000 MT, reflecting an approximate 70% capacity utilisation rate. The company attributed the profit growth to disciplined execution across plant operations and field services, as well as successful customer acquisition in key markets.
Financial Highlights
The quarter saw substantial improvements across key financial metrics compared to the same period last year and the preceding quarter.
| Metric | Q1FY27 Value | YoY Change | QoQ Change |
|---|---|---|---|
| Revenue from Operations | ₹47.18 crore | +64% | +16% |
| EBITDA | ₹13.11 crore | +99% | +15% |
| Profit After Tax (PAT) | ₹10.07 crore | +135% | +24% |
| EPS | ₹4.63 | +75% | +17% |
| Volume Handled | ~52,000 MT | — | — |
Operational Strategy and Customer Concentration
A critical component of the revenue mix is the SGB Limited product series, which contributed roughly half of the total sales volume and revenue. Management highlighted that these products offer a 15%–20% longer lifespan and superior price-to-quality metrics, facilitating market penetration among renowned customers in the secondary steel sector. The company noted that several renowned customers have switched to its products, with wallet share expected to scale significantly in subsequent quarters. Process reforms are being implemented across operating units to further enhance this market penetration.
Greenfield Project Commencement
Monolithisch India Limited provided updates on its state-of-the-art greenfield project, designed to be the largest and most sustainable ramming mass manufacturing unit on a single campus globally. The dry run of the plant is scheduled to commence on September 14, 2026, coinciding with Ganesh Chaturthi. A ritual ceremony will follow on September 16, 2026, with technical trials expected between September 17 and September 30, 2026. This facility aims to establish the company as the largest manufacturer of silica ramming mass in the world, leveraging an advanced production-to-manpower ratio.
Outlook and Guidance
Looking ahead to Q2FY27, the company has issued revenue guidance of ₹55–60 crore. Managing Director Harsh Tekriwal commented that the acquisition of new customers amid current macroeconomic conditions confirms the competitive rate and quality of the company's products. He emphasized that increasing profitability through volume requires discipline and consistency across all levels of the organization. The management also indicated that demand for steel is expected to increase rapidly due to infrastructure projects backed by state governments, particularly in West Bengal and eastern India. Details regarding a high-value silica-based industrial park, part of the greenfield campus expansion, are slated for disclosure at the upcoming Annual General Meeting.
Historical Stock Returns for Monolithisch
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.39% | +9.00% | +6.40% | +70.33% | +102.62% | +238.93% |
How will the commencement of the greenfield plant's technical trials in September 2026 impact Monolithisch India's capacity utilization rates and revenue projections for Q2FY27?
What are the specific risks associated with the SGB Limited product series accounting for 50% of total revenue, and what strategies are in place to diversify this customer concentration?
To what extent will the anticipated surge in infrastructure demand from West Bengal and eastern India contribute to meeting the company's ₹55–60 crore revenue guidance for Q2FY27?


































