P S Raj Steels Limited reported a 30.51% surge in net profit to ₹4.62 crore for the half-year ended March 31, 2026 (H2FY26), driven by cost reductions and advanced welding technology. The stainless-steel pipes and tubes manufacturer posted an operating income of ₹135.78 crore, an increase of 7.29% from ₹126.55 crore in the same period last year. EBITDA for the half-year rose 18.26% to ₹7.06 crore, compared to ₹5.97 crore in H2FY25.

The company attributed the strong performance to effective cost control measures, including the adoption of advanced welding technology that reduced processing costs and store consumption expenses. Additionally, the installation of solar panels contributed to lower electricity costs. The financial results also reflected a reduction in interest expenses and short-term borrowings, indicating a strengthened financial position.

For the full year FY26, p s raj steels recorded a 15.79% increase in net profit to ₹8.58 crore, up from ₹7.41 crore in FY25. Operating income for the year grew marginally by 1.18% to ₹265.99 crore from ₹262.89 crore in the previous year. Earnings per share (EPS) for FY26 stood at ₹11.38, a 15.77% increase from ₹9.83 in FY25.

Financial Performance Summary

Management Commentary

Deepak Kumar, Managing Director of P S Raj Steels Limited, highlighted the strong traction in the company's product portfolio, which accelerated both topline and bottomline growth. He noted that demand for stainless steel pipes and tubes received a significant boost from government infrastructure and manufacturing initiatives, coupled with real estate sector demand. Following capacity expansion, the company expects sustained demand to drive healthy earnings in upcoming reporting periods.

P S Raj Steels Limited has confirmed that no encumbrance was created on the shares held by its promoters and promoter group during the Financial Year 2025-2026. The disclosure, submitted to the National Stock Exchange of India Limited on April 6, 2026, confirms that the number of encumbered or pledged shares by the promoter group is nil for the specified period.

The declaration was made by Deepak Kumar, Promoter & Managing Director of the company, on behalf of all promoters and members of the promoter group. The filing was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires an annual declaration confirming the status of encumbrance on promoter-held shares.

Key Details of the Disclosure

The submission provides specific details regarding the status of the securities held by the promoters of P S Raj Steels Limited.

Deepak Kumar further declared that neither he nor any other promoters or members of the promoter group have made any encumbrance on the securities of the company, directly or indirectly, during the financial year. The disclosure has been requested to be placed before the ensuing Audit Committee Meeting of the company in compliance with Regulation 31(5) of the SEBI (SAST) Regulations, 2011.

The filing was signed by Suman, Company Secretary & Compliance Officer of P S Raj Steels Limited, on April 6, 2026. The company’s Corporate Identification Number (CIN) is L27109HR2004PLC035523.