Rajputana Stainless FY26 PAT rises 25% to ₹49.82 crore
Rajputana Stainless reported a 25.01% increase in FY26 net profit to ₹49.82 crore, supported by an 8.05% rise in revenue to ₹1,006.96 crore. Q4 net profit grew 58.47% to ₹13.10 crore, with EBITDA margins improving to 9.22%. The Board recommended a final dividend of ₹0.50 per share and noted the successful completion of its IPO during the year.

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Rajputana Stainless has reported a 25.01% increase in net profit to ₹49.82 crore for the financial year ended March 31, 2026, driven by growth in revenue and operational efficiency. The company's revenue from operations for FY26 rose to ₹1,006.96 crore from ₹931.93 crore in the previous year. Total income for the year stood at ₹1,010.87 crore, while total expenses amounted to ₹944.52 crore. The profit before tax for the year was reported at ₹66.35 crore, compared to ₹54.63 crore in the previous year.
Financial Performance for FY26
For the quarter ended March 31, 2026, the company posted a net profit of ₹13.10 crore, compared to ₹8.27 crore in the same quarter of the previous year. Revenue for the quarter came in at ₹254.91 crore versus ₹247.91 crore in the year-ago period. The company also reported Q4 EBITDA of ₹235 lakh against ₹181 lakh in the corresponding quarter of the prior year, reflecting improved operational performance. The Q4 EBITDA margin expanded to 9.22% from 7.31% year-on-year, indicating stronger cost efficiency and better absorption of operating expenses. The basic earnings per share (EPS) for the full year increased to ₹7.17 from ₹5.78 in the prior year.
Key Financial Metrics
The following table summarizes the financial performance for the quarter and year ended March 31, 2026:
| Particulars | Quarter Ended 31-03-2026 (Audited) | Quarter Ended 31-03-2025 (Audited) | Year Ended 31-03-2026 (Audited) | Year Ended 31-03-2025 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | ₹254.91 crore | ₹247.91 crore | ₹1,006.96 crore | ₹931.93 crore |
| Total Income | ₹256.87 crore | ₹248.91 crore | ₹1,010.87 crore | ₹936.03 crore |
| Total Expenses | ₹239.55 crore | ₹236.81 crore | ₹944.52 crore | ₹881.39 crore |
| Profit Before Tax | ₹17.33 crore | ₹12.10 crore | ₹66.35 crore | ₹54.63 crore |
| Net Profit | ₹13.10 crore | ₹8.27 crore | ₹49.82 crore | ₹39.85 crore |
| EBITDA | ₹235 lakh | ₹181 lakh | — | — |
| EBITDA Margin | 9.22% | 7.31% | — | — |
| Basic EPS (₹) | ₹1.88 | ₹1.20 | ₹7.17 | ₹5.78 |
Dividend Declaration
The Board of Directors has recommended a final dividend of 5%, which translates to ₹0.50 per equity share of face value ₹10 each. This dividend is for the financial year ended March 31, 2026 and is subject to the approval of shareholders at the ensuing Annual General Meeting.
Capital Structure and IPO
During the financial year, the company completed its Initial Public Offer (IPO), comprising a fresh issue and an offer for sale. The equity shares were listed on BSE Limited and National Stock Exchange of India Limited on March 19, 2026. Consequently, the paid-up equity share capital increased to ₹8,356.77 lakh as of March 31, 2026, from ₹6,891.77 lakh in the previous year.
Historical Stock Returns for Rajputana Stainless
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.73% | +1.43% | -7.92% | +15.36% | +15.36% | +15.36% |
How does Rajputana Stainless plan to utilize the capital raised from its recent IPO to drive future growth?
Can the company sustain the improved Q4 EBITDA margins of 9.22% amidst potential raw material price volatility?
What is the management's outlook on revenue growth for FY27 given the current demand environment in the stainless steel sector?

























