Shree Steel Wire Ropes returns to profit in Q1FY27
Shree Steel Wire Ropes returned to profitability in Q1FY27 with a net profit of ₹22.72 lakh, compared to a net loss of ₹19.21 lakh in the same quarter last year. Revenue from operations rose to ₹243.10 lakh from ₹109.42 lakh, driven by higher operational activity. The board approved the unaudited financial results and the re-appointment of Chandak Agarwal & Co as Statutory Auditors, while also accepting several key management resignations effective July 2026.
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Shree Steel Wire Ropes returned to profitability in the quarter ended June 30, 2026, reporting a net profit of ₹22.72 lakh. This marks a significant turnaround from the net loss of ₹19.21 lakh recorded in the same quarter of the previous year. The company’s revenue from operations surged to ₹243.10 lakh, up from ₹109.42 lakh in the quarter ended June 30, 2025, driven by higher operational activity.
Total revenue for the quarter stood at ₹248.00 lakh, while total expenses were reported at ₹224.60 lakh. Profit before tax for the period was ₹23.40 lakh, a sharp improvement compared to the loss before tax of ₹8.90 lakh in the prior year quarter. The company’s paid-up equity share capital remained unchanged at ₹331.15 lakh. Earnings per share (EPS) for the quarter were reported at ₹0.69 on a basic and diluted basis.
Financial Performance Summary
The following table outlines the key financial figures for the quarter and year ended March 31, 2026, compared to the corresponding previous periods:
| Particulars | Quarter Ended June 30, 2026 (Unaudited) | Quarter Ended June 30, 2025 (Unaudited) | Year Ended March 31, 2026 (Audited) |
|---|---|---|---|
| Revenue from Operations | 243.10 | 109.42 | 487.77 |
| Total Revenue | 248.00 | 114.31 | 511.58 |
| Total Expenses | 224.60 | 123.21 | 562.71 |
| Profit Before Tax | 23.40 | (8.90) | (51.13) |
| Net Profit / (Loss) | 22.72 | (19.21) | (62.06) |
| EPS (Basic) | 0.69 | (0.58) | (1.87) |
Board Decisions and Appointments
The Board of Directors approved the un-audited financial results for the quarter ended June 30, 2026, along with the Limited Review Report submitted by the Statutory Auditor. The board approved the re-appointment of Chandak Agarwal & Co, Chartered Accountants, as the Statutory Auditors for a term of three financial years, subject to shareholder approval.
The 34th Annual General Meeting of the company is scheduled for September 18, 2026. The book closure dates for the AGM will be from September 12, 2026, to September 18, 2026. The board appointed Rushabh Doshi, Practising Company Secretary, as the Scrutinizer for conducting the e-voting and voting process at the AGM.
Management Changes
The board approved several key management changes effective July 13 and July 14, 2026. Mr. Anil L. Sajnani was appointed as Managing Director and Key Managerial Personnel due to a change in designation, effective July 14, 2026. Concurrently, the board accepted the resignations of Mr. Ashish L. Sajnani from the post of Managing Director and Mr. Ramnarayan Tiwari as Whole Time Director, effective July 13, 2026. Additionally, the resignation of Mr. Niranjan Choudhary as Chief Financial Officer was accepted, effective July 31, 2026.
Historical Stock Returns for Shree Steel Wire Ropes
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +63.15% | +74.51% | +54.18% | +12.02% | +30.88% |
What strategies will the new Managing Director implement to sustain the current revenue growth?
How will the recent management changes impact the company's operational efficiency?
Will the company maintain its current expense levels to ensure continued profitability?
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