Rathi Steel Reports 63.5% Q4 Revenue Growth With Annual Revenue Of ₹716.7 Crores

1 min read     Updated on 02 Apr 2026, 09:42 AM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

Rathi Steel And Power Limited announced strong Q4 FY26 results with 63.5% year-over-year revenue growth and quarterly revenue of ₹244.8 crores. The company achieved full-year revenue of ₹716.7 crores, representing 41.8% growth from the previous year's ₹505.43 crores, demonstrating operational resilience despite challenging market conditions.

powered bylight_fuzz_icon
36635314

*this image is generated using AI for illustrative purposes only.

Rathi steel & power Limited has announced robust financial results for Q4 FY26 through an official press release under Regulation 30, showcasing significant revenue growth and strong full-year performance. The company, a leading player in stainless steel long products and TMT bars, demonstrated operational resilience despite challenging market conditions.

Strong Quarterly Performance

The company delivered impressive revenue growth in Q4 FY26, recording ₹244.8 crores approximately for the quarter. This performance demonstrates strong operational execution and market demand for its products and services.

Performance Metric: Q4 FY26 Results
Quarterly Revenue: ₹244.8 crores (approx.)
Revenue Growth (YoY): 63.5%
Growth Period: Q4 FY26 vs Q4 FY25

Full-Year Revenue Achievement

Rathi Steel And Power's consistent performance throughout FY26 resulted in substantial annual revenue figures, reflecting the company's ability to maintain growth momentum across multiple quarters.

Annual Performance: FY26 Results
Full-Year Revenue: ₹716.7 crores (approx.)
Previous Year Revenue: ₹505.43 crores (FY25)
Annual Growth (YoY): 41.8%

Operational Excellence and Market Position

The company is uniquely positioned in the stainless steel wire rod space as the only Indian company with direct charging capabilities for rolling stainless steel wire rod. This involves directly feeding hot stainless steel billet into the wire rod rolling mill, thereby minimizing fuel consumption for reheating purposes. This capability proves particularly relevant during current times when fuel prices are rapidly rising due to energy disruptions from geopolitical developments.

The company's balanced and diversified product portfolio comprising stainless steel and TMT products provides operational flexibility, enabling it to cater to a wider customer base while optimizing realizations. Additionally, improved operational flexibility has led to higher capacity utilization levels of the rolling division, contributing to better throughput and scalability of operations.

Management Commentary

Commenting on the performance, Mr. Udit Rathi, Promoter of Rathi Steel And Power Limited, said, "This has been a strong finish to the year driven by the collective efforts of our team and continued focus on quality and operational excellence. As we move ahead, we remain optimistic about the strong fundamentals of the Indian economy, with a strong leadership and foundation in place. Company's platform is well set for the next phase of growth, with continued focus on efficiency, quality, and scalable execution."

How will Rathi Steel's unique direct charging capability position the company if fuel prices continue to rise due to ongoing geopolitical tensions?

What capacity expansion plans does the company have to sustain its 63.5% quarterly growth rate in the coming fiscal year?

How might the company's diversified portfolio between stainless steel and TMT products help navigate potential sectoral downturns in construction or manufacturing?

Rathi Steel and Power Limited Receives ₹3.06 Crore GST Demand Notice from Ghaziabad Tax Authorities

1 min read     Updated on 01 Apr 2026, 02:17 AM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

Rathi Steel and Power Limited received a GST demand order of ₹3.06 crore from Ghaziabad tax authorities on March 30, 2026, for alleged input tax credit violations and non-payment of RCM. The order includes an equal penalty amount and applicable interest under Section 74 of CGST/SGST Act, 2017. The company strongly disputes the allegations, considers the demand non-maintainable, and plans to contest it through legal remedies. Management expects no material impact on company operations.

powered bylight_fuzz_icon
36535653

*this image is generated using AI for illustrative purposes only.

Rathi Steel & Power Limited has received a significant GST demand order from tax authorities in Ghaziabad, Uttar Pradesh. The company disclosed this development under regulatory compliance requirements on March 31, 2026.

GST Demand Details

The Office of Deputy Commissioner, State Tax, SGST, Sector-11, Ghaziabad issued the demand order on March 30, 2026, under Section 74 of the CGST/SGST Act, 2017. The order was received by the company at 1900 Hours (IST) on the same date.

Parameter: Details
Demand Amount: ₹3,06,07,072
Penalty Amount: ₹3,06,07,072 (similar amount)
Additional Charges: Applicable interest
Issuing Authority: Deputy Commissioner, State Tax, SGST, Ghaziabad
Legal Provision: Section 74 CGST/SGST Act, 2017

Nature of Alleged Violations

The tax authorities have raised the demand based on several alleged contraventions:

  • Availment of ineligible or wrongful Input Tax Credit
  • Non-payment of Reverse Charge Mechanism (RCM)
  • Related penalty impositions

These allegations form the basis for the substantial demand raised against the company.

Company's Response and Impact Assessment

Rathi Steel and Power Limited has taken a strong stance against the demand order. The company has stated that it strongly refutes the allegations and believes the demand is not maintainable. Management has indicated plans to explore appropriate legal remedies to contest the order as necessary.

Regarding financial impact, the company has assessed that no material impact on financial, operational, or other activities can be foreseen at this stage. This suggests the company views the demand as contestable rather than a definitive liability.

Regulatory Compliance

The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under para 20 of Para A of Part A of Schedule III. The company also referenced compliance with SEBI Master Circular ref. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The disclosure was signed by Abhishek Verma, Whole Time Director (DIN: 08104325), ensuring proper authorization and compliance with regulatory requirements.

How might this GST dispute affect Rathi Steel & Power's credit ratings and ability to secure future financing?

What impact could prolonged legal proceedings have on the company's cash flow and working capital management?

Will this GST demand trigger increased scrutiny from tax authorities on other steel sector companies with similar business models?

More News on Rathi Steel & Power