Rajputana Stainless Limited reported a 25.04% increase in net profit for the financial year ended March 31, 2026, reaching ₹498.18 crore, compared to ₹398.51 crore in the previous year. Revenue from operations rose 8.07% to ₹10,069.64 crore from ₹9,319.33 crore in FY25, driven by higher sales volumes. The board recommended a final dividend of ₹0.50 per share, or 5%, subject to shareholder approval at the upcoming Annual General Meeting.

For the quarter ended March 31, 2026, the company posted a net profit of ₹131.03 crore, a significant increase from ₹82.68 crore in the same period last year. Quarterly revenue from operations stood at ₹2,549.10 crore, up from ₹2,479.09 crore in Q4FY25. The statutory auditor's report carried an unmodified opinion, confirming the financial results provide a true and fair view.

Financial Performance

The company's earnings per share (EPS) for the full year improved to ₹7.17 from ₹5.78 in the previous year. Total comprehensive income for the year rose to ₹501.45 crore. The company successfully completed its Initial Public Offer (IPO) during the year, listing its equity shares on BSE Limited and National Stock Exchange of India Limited on March 19, 2026.

Capital Allocation and IPO Proceeds

The IPO proceeds aggregating to ₹2,549.80 crore were raised through a fresh issue and an offer for sale. As of March 31, 2026, the company utilised ₹1,340.58 crore, leaving ₹1,209.22 crore unutilised. Of the unutilised amount, ₹1,165.70 crore is temporarily invested in Fixed Deposits, ₹15.10 crore is held in a Monitoring Account, and the balance is in an Escrow Account.

Operational Highlights

Rajputana Stainless is primarily engaged in the manufacturing of long and flat stainless-steel products. The company operates as a single reportable segment under Ind AS 108. The board assessed the impact of the new Labour Codes notified by the Government of India and concluded there is no material impact on the financial results for the year ended March 31, 2026.

Rajputana Stainless has confirmed that its promoters and promoter group did not encumber any shares during the financial year ended March 31, 2026. The company submitted the annual disclosure to the National Stock Exchange of India Limited on April 8, 2026, in accordance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The declaration covers shares held directly or indirectly by the promoters, including persons acting in concert.

The disclosure was signed by Richa Sanjeev Prashar, Company Secretary and Compliance Officer, on behalf of the company. Separate confirmations were also received from key members of the promoter group, including Shankarlal Deepchand Mehta, Jayesh Natvarlal Pithva, Babulal Deepchand Mehta, and Yash Shankarlal Mehta. All individuals declared that no shares were encumbered during the specified period.

Key Disclosures by Promoter Group

The following table details the individuals who submitted the disclosure confirming the absence of share encumbrances for FY26:

The confirmations were addressed to the Corporate Relations Department of the exchange and copied to the Audit Committee of Rajputana Stainless Limited and the Company Secretary & Compliance Officer. The ISIN for the security is INE313L01016, and the scrip code is 544731.