Niraj Ispat FY26 net profit rises 21.6% to ₹162.44 crore
Niraj Ispat Industries Limited reported a 21.6% rise in net profit to ₹162.44 crore for FY26, supported by higher other income and lower expenses, despite a dip in revenue. The board approved the audited results on May 25, 2026, with statutory auditors confirming compliance with SEBI regulations.

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niraj ispat industries reported a 21.6% rise in net profit to ₹162.44 crore for the financial year ended March 31, 2026, driven by higher other income, even as revenue from operations declined. The company’s board approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 25, 2026. Statutory auditors Sanjeev Anand & Associates reviewed the results and expressed an unmodified opinion, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Revenue from operations for FY26 stood at ₹362.19 crore, a decrease from ₹371.59 crore in the previous year. However, total income rose to ₹508.21 crore from ₹477.88 crore in FY25, primarily due to a significant increase in other income, which surged to ₹146.02 crore from ₹106.29 crore. Total expenses for the year were contained at ₹288.48 crore compared to ₹299.53 crore in the prior year, aiding profitability.
For the quarter ended March 31, 2026, the company recorded a net profit of ₹38.97 crore, up from ₹29.98 crore in the corresponding period of the previous year. Revenue from operations for the quarter was ₹89.29 crore, while other income contributed ₹38.40 crore. Earnings per share (EPS) for the full year improved to ₹27.07 from ₹22.26 in FY25.
The balance sheet as of March 31, 2026, showed total assets of ₹2,167.05 crore, an increase from ₹2,010.11 crore a year earlier. Equity share capital remained unchanged at ₹60.00 crore, while total equity grew to ₹1,593.00 crore from ₹1,430.56 crore. Non-current liabilities increased to ₹438.19 crore from ₹429.10 crore, whereas current liabilities decreased to ₹135.87 crore from ₹150.45 crore.
Cash flow from operating activities resulted in a net outflow of ₹141.25 crore for FY26, compared to an outflow of ₹412.26 crore in the previous year. Net cash used in investing activities was ₹142.78 crore, while financing activities resulted in a net outflow of ₹3.26 crore. The financial results were prepared in accordance with Indian Accounting Standards (Ind-AS) and reviewed by the audit committee prior to board approval.
Financial Performance for FY26
| Particulars | Year ended 31-Mar-26 (₹ in Lakhs) | Year ended 31-Mar-25 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 362.19 | 371.59 |
| Other Income (Net) | 146.02 | 106.29 |
| Total Income | 508.21 | 477.88 |
| Total Expenses | 288.48 | 299.53 |
| Profit before tax | 219.73 | 178.35 |
| Net profit for the period | 162.44 | 133.57 |
| Earnings per share (Basic) | 27.07 | 22.26 |
Historical Stock Returns for Niraj Ispat Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.47% | +7.47% | -3.63% | +7.07% | -16.87% | +27.93% |
How sustainable is the surge in other income given the decline in core revenue from operations?
What specific capital allocation strategies will the company employ given the net cash outflow from operating activities?
Will the company focus on reversing the trend of declining operational revenue in the coming fiscal year?



























