Steelcast FY26 net profit rises 20.3% to ₹86.86 crore

Steelcast Limited reported a 20.3% rise in net profit to ₹86.86 crore for the financial year ended March 31, 2026, compared to ₹72.20 crore in the previous year. Revenue from operations increased 13.3% to ₹423.17 crore from ₹373.39 crore in the previous year, driven by higher sales in its casting business segment. The company's total income for the year stood at ₹438.62 crore, up from ₹380.61 crore in the preceding year. However, the fourth quarter reflected margin pressure, with EBITDA declining year-on-year alongside a contraction in EBITDA margin.

Financial Performance

The board approved the audited standalone financial results for the quarter and year ended March 31, 2026. Profit before tax for the year increased to ₹116.48 crore from ₹97.33 crore in the previous year. The company's basic and diluted earnings per share (EPS) for FY26 were reported at ₹8.58, compared to ₹7.13 in the previous year. The full-year financial metrics are summarised below:

Financial Metric (₹ in Lakhs)	Year Ended 31.03.26	Year Ended 31.03.25
Net Sales/Income from Operations	42,316.63	37,338.75
Total Income	43,861.70	38,061.37
Total Expenses	32,213.38	28,328.82
Profit Before Tax	11,648.32	9,732.55
Net Profit for the period	8,685.87	7,219.79

Q4 Performance

For the quarter ended March 31, 2026, Steelcast reported a year-on-year decline across key profitability metrics. Q4 net profit came in at ₹23.2 crore, down from ₹20.6 crore in the same quarter of the previous year, while revenue increased to ₹112.4 crore from ₹97.4 crore year-on-year. EBITDA for the quarter stood at ₹29.2 crore, compared to ₹27.5 crore in the corresponding quarter of the previous year, reflecting a contraction in operating profitability. The Q4 EBITDA margin narrowed to 25.9% from 28.2% year-on-year, indicating increased cost pressures during the quarter.

Q4 Metric	Q4 FY26	Q4 FY25
Revenue	₹112.4 Cr	₹97.4 Cr
Net Profit	₹23.2 Cr	₹20.6 Cr
EBITDA	₹29.2 Cr	₹27.5 Cr
EBITDA Margin	25.9%	28.2%

Dividend Declaration

The board recommended a final dividend of ₹0.54 per equity share of Re. 1 each for FY26, amounting to 54% of the face value. This is in addition to the interim dividends of ₹1.17 per share already declared and paid during the first three quarters of the financial year. The total dividend for FY26 aggregates to ₹1.71 per share, or 171% of the face value. The payout is subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Board Decisions and Appointments

The board approved the re-appointment of Chetan M Tamboli as Chairman and Managing Director for a further period of five years effective from September 1, 2026. The appointment is subject to the approval of shareholders at the 55th AGM scheduled for July 29, 2026, in Bhavnagar, and necessary regulatory approvals. The board also revised the date of expiry for Hemant D Dholakia, Non-executive Independent Director, from July 31, 2030, to June 28, 2030, subject to member approval.

Operational and Regulatory Details

The company's operations remain confined to a single segment, the casting business. The financial results were reviewed by the Audit Committee on May 29, 2026, and approved by the Board on May 30, 2026. The statutory auditors issued an unmodified opinion on the audited financial results. The company also recognised a financial impact of ₹30.59 lakh related to employee benefit obligations following the implementation of new Labour Codes notified by the Government of India.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.87%	-6.47%	-9.25%	+22.39%	+31.78%	+348.72%

Steelcast Ltd has scheduled an earnings conference call to discuss the audited financial results for the quarter and year ended March 31, 2026. The meeting is set to take place on June 1, 2026, at 4:00 PM IST. This initiative is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with analysts and institutional investors.

The management team will be represented by key personnel, including Mr. Chetan Tamboli, Chairman & Managing Director, and Mr. Rushil Tamboli, Whole Time Director. Other attendees include Mr. Subhash Sharma, Executive Director & CFO, and Mr. Umesh Bhatt, Company Secretary. The session aims to provide a detailed overview of the company's performance for Q4FY26 and the full fiscal year.

Conference Call Details

The company has provided specific dial-in details for participants to join the discussion. The call will cover the financial outcomes and operational updates for the specified periods.

Location	Dial-In Number
Universal Dial In	+91 22 6280 1107 / +91 22 7115 8008
Singapore	8001012045
UK	08081011573
Hong Kong	800964448
USA	18667462133

Investor Information

Following the call, the analyst presentation will be submitted to the stock exchanges and hosted on the company's official website. Ernst & Young LLP has been designated as the point of contact for investor relations. Interested stakeholders can reach out to Kanav Khanna or Arpit Mundra via email or phone for further details regarding the earnings update.

Steelcast Limited manufactures steel and alloy steel castings for various original equipment manufacturers (OEMs). The company caters to diverse industry sectors, including earth moving, mining, mineral processing, steel plants, cement, and power generation.