Shankara Buildpro FY26 PAT rises 64% to INR 128 crore

Shankara Buildpro Limited reported a 30% year-on-year increase in revenue to INR 6,826 crore for the financial year 2026, driven primarily by its steel marketplace. The company’s profit after tax (PAT) for FY26 stood at INR 128 crore, a growth of 64% compared to the previous year. For the fourth quarter of FY26, revenue reached INR 1,996 crore, a 28% increase year-on-year, with PAT at INR 42 crore. The company’s Return on Capital Employed (ROCE) for FY26 was 36%, and the working capital cycle improved to 25 days.

Financial Performance

The steel business generated revenues of INR 6,220 crore, an increase of 33% year-on-year, with volumes growing by 32% to reach 10.16 lakh tonnes. The company surpassed its 1 million tonne target for the year. Non-steel business revenues were INR 606 crore for FY26, a 2% year-on-year increase. The EBITDA for FY26 was INR 228 crore, a jump of 51%, translating to an EBITDA margin expansion of 47 basis points to 3.35%.

Metric	FY26 Value	YoY Change
Revenue	INR 6,826 crore	30%
PAT	INR 128 crore	64%
EBITDA	INR 228 crore	51%
EBITDA Margin	3.35%	47 bps expansion
Steel Volume	10.16 lakh tonnes	32%

Operational Highlights

The finance cost was controlled at 0.63% of revenue in Q4 FY26. The e-commerce division witnessed substantial growth, recording revenues of INR 22 crore, an increase of 322% year-on-year. Management noted that the FY26 PAT includes a one-time INR 2.61 crore provisioning related to labor code amendments.

Future Guidance

Shankara Buildpro is targeting a total steel volume of 1.2 million tonnes for FY27 and 1.4 million tonnes for FY28, with plans to achieve the 2 million mark by FY31. The company aims to grow its non-steel business revenues to INR 750 crore in FY27 and INR 925 crore in FY28. Management expects EBITDA margins to improve to around 4% in the medium term, driven by product mix improvement and operating leverage. The company plans to add 7 to 10 new fulfilment centers or stores in FY27.

Shankara Buildpro Limited has announced its audited financial results for the fourth quarter and fiscal year ended March 31, 2026, reporting significant growth in revenue and profitability. The company's revenue from operations for Q4 FY26 stood at ₹1,996.30 crore, representing a 28% year-on-year increase. Net profit for the quarter rose 42% YoY to ₹41.50 crore, while EBITDA came in at ₹70 crore against ₹48 crore in the same period last year, with EBITDA margin expanding to 3.51% from 3.05% YoY. For the full year FY26, revenue grew 30% YoY to ₹6,827 crore, with net profit increasing 64% to ₹128 crore and an EBITDA margin of 3.35%.

Financial Highlights

The following table summarises the key consolidated financial metrics for the reported periods:

Metric:	Q4 FY26	Q3 FY26	Q4 FY25	FY26	FY25
Revenue from Operations (₹ Cr):	1,996	1,666	1,560	6,826	5,267
Total Income (₹ Cr):	1,997	1,667	1,561	6,827	5,269
Profit Before Tax (₹ Cr):	55	38	37	174	101
Net Profit (₹ Cr):	42	25	29	128	78
Basic EPS (₹):	17.12	10.31	12.04	52.77	32.23

Total expenses for FY26 amounted to ₹6,651 crores, compared to ₹5,168 crores in the previous year. Finance costs for the year were ₹42 crores, and depreciation and amortisation expenses stood at ₹10 crores.

Operational Performance and Outlook

The strong performance was driven by the steel product segment, where total volume reached 10.16 lakh tonnes, up 32% from 7.71 lakh tonnes in FY25. Management attributed the growth to effective marketplace strategy and distribution expansion. Looking ahead to FY27, the company targets approximately 1.2 million tonnes of steel volume. The non-steel business faced consolidation due to macro headwinds, though the company expects a resurgence in categories like Plumbing, Fittings, and Sanitaryware.

Corporate Actions and AGM

The Board of Directors has fixed Thursday, June 25, 2026, as the record date to determine shareholder eligibility for the final dividend. The company has recommended a final dividend of ₹5 per equity share of face value ₹10 each for the financial year ended March 31, 2026. The Annual General Meeting is scheduled for Thursday, July 2, 2026, at 11:30 AM via Video Conferencing. Consequently, the Register of Members and Share Transfer Books will remain closed from June 25, 2026, to July 2, 2026.

Additionally, the Board appointed Mr. K. Jayachandran, Practicing Company Secretary, as the Secretarial Auditor for a five-year term commencing FY 2026-27, subject to shareholder approval.

Investor Conference Call

Shankara Buildpro will host an investor conference call on May 21, 2026, at 12:00 PM IST to discuss the financial results. The call will feature key management personnel, including Mr. Sukumar Srinivas (Managing Director) and Mr. Alex Varghese (Chief Financial Officer).