Sharda Ispat FY26 net profit rises 332% to ₹620.24 lakh
Sharda Ispat Limited reported a 332% increase in net profit to ₹620.24 lakh for FY26, with revenue from operations surging to ₹16,879.39 lakh. The Board approved the audited results on May 29, 2026, and the company filed newspaper clippings with BSE on May 30, 2026.
*this image is generated using AI for illustrative purposes only.
Sharda Ispat Limited reported a net profit of ₹620.24 lakh for the financial year ended March 31, 2026, a substantial increase of 332% from ₹100.44 lakh in the previous year. Revenue from operations for FY26 surged to ₹16,879.39 lakh, compared to ₹4,087.66 lakh in FY25. The company’s Board of Directors approved the audited financial results for the fourth quarter and the year ended March 31, 2026, during a meeting held on May 29, 2026. The results were published in The Indian Express and Loksatta on May 30, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Performance for FY26
The iron and steel manufacturer recorded a total income of ₹17,258.07 lakh for the year ended March 31, 2026. Total expenses for the period amounted to ₹16,418.35 lakh. Profit before tax for the year was ₹839.72 lakh. The company’s earnings per share (EPS) for FY26 was reported at ₹12.22, up from ₹1.98 in the previous year. The financial results were prepared in accordance with the Indian Accounting Standard (IND AS) prescribed under Section 133 of the Companies Act, 2013.
Quarterly Results
For the quarter ended March 31, 2026, the company reported a net profit of ₹434.61 lakh, compared to ₹100.44 lakh in the same quarter of the previous year. Revenue from operations for Q4FY26 stood at ₹6,719.96 lakh, a significant rise from ₹4,087.66 lakh in Q4FY25. Total income for the quarter was ₹6,798.25 lakh, with total expenses at ₹6,209.51 lakh. The figures for the quarter are the balancing figures between the audited full-year results and the published year-to-date figures up to the third quarter.
Auditor and Board Appointments
The statutory auditors, M/s. Panpalia Taori & Co., issued an audit report with an unmodified opinion for the standalone financial results for the year ended March 31, 2026. The Board re-appointed M/s. LNJ and Associates as the Internal Auditor and M/s. Narendra Peshne & Associates as the Cost Auditor for the financial year 2026-27. The remuneration for the Cost Auditor is subject to ratification by shareholders at the ensuing Annual General Meeting.
Financial Position
As of March 31, 2026, the company’s total assets stood at ₹10,158.71 lakh, an increase from ₹9,816.07 lakh in the previous year. Total equity rose to ₹6,545.54 lakh from ₹5,914.71 lakh. Cash and cash equivalents at the end of the year were ₹178.11 lakh, compared to ₹132.83 lakh at the end of FY25. The company estimated and recognized the impact of the New Labour Codes under employee benefits expense for the year ended March 31, 2026, though the impact was not material.
| Financial Metrics (₹ In Lakhs) | Year Ended 31.03.2026 | Year Ended 31.03.2025 |
|---|---|---|
| Revenue from operations | 16,879.39 | 4,087.66 |
| Total Income | 17,258.07 | 4,158.20 |
| Total Expenses | 16,418.35 | 4,017.66 |
| Net Profit | 620.24 | 100.44 |
| Earnings Per Share (EPS) | 12.22 | 1.98 |
| Total Assets | 10,158.71 | 9,816.07 |
| Total Equity | 6,545.54 | 5,914.71 |
Historical Stock Returns for Sharda Ispat
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.09% | -7.94% | +7.03% | -14.65% | -44.58% | +139.86% |
What strategic initiatives or market conditions drove the 332% surge in net profit?
How will the company utilize its increased earnings to fund future expansion or reduce debt?
Can the company sustain this high revenue growth rate in the face of potential market volatility?
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