Steelcast Limited reported a 20.31% increase in Profit After Tax (PAT) to ₹86.86 crore for the financial year ended March 31, 2026 (FY26), compared to ₹72.20 crore in the previous year. The company’s revenue from operations rose by 13.33% to ₹423.17 crore from ₹373.39 crore in FY25, driven by robust export performance which contributed over 60% of total revenues. EBITDA for the year stood at ₹129.64 crore, a growth of 17.30%, with margins expanding by 104 basis points to 30.64%.

The company’s financial performance for the quarter ended March 31, 2026 (Q4FY26) also showed sequential growth. Revenue increased by 15.43% to ₹112.43 crore from ₹97.40 crore in the preceding quarter (Q3FY26). EBITDA for Q4FY26 was ₹34.25 crore, up 9.74% quarter-on-quarter, while PAT grew by 12.58% to ₹23.18 crore. The board meeting to approve these results was held on May 30, 2026.

Financial Performance

Operational Highlights and Outlook

Steelcast Limited maintained a debt-free balance sheet with healthy cash reserves of around ₹114 crore. The company is focusing on capacity expansion and expects to finalize capital expenditure plans by the end of July 2026, rather than waiting for capacity utilization to reach 75%. Current utilization is expected to be around 63-64%. Management has set a target to achieve a PAT of more than ₹100 crore in FY27 and aims to double sales by FY29 with an estimated compound annual growth rate (CAGR) of around 20% over the next three years.

On the cost front, the company managed material costs effectively despite volatility, though manufacturing expenses increased in Q4FY26 due to higher maintenance and power costs. The company expects to receive price adjustments from customers in subsequent quarters to offset the impact of elevated fuel and freight costs. Additionally, a 2.4 MW hybrid power project is under commissioning and is expected to be operational by June 2026, generating annual savings of approximately ₹3.6 crore.

Strategic Developments

The company continues to benefit from the “China + 1” strategy, with increasing outsourcing by global OEMs and deeper integration into global supply chains. New part development remains a constant exercise, with more than 50 parts under various stages of development. While the company has shifted focus from defense to sectors like mining, earthmoving, construction, and locomotives, it continues to evaluate opportunities in the defense space for compact vehicles, where potential sales could range between ₹15 crore and ₹18 crore.

Steelcast Limited has released the audio recording of its earnings conference call for Q4FY26, held on June 1, 2026. The company has made the recording accessible to investors and the public through its official website, ensuring compliance with regulatory disclosure standards.

The disclosure follows Regulation 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to maintain records of proceedings of general meetings, board meetings, and other meetings and make them available for inspection.

The audio file provides a detailed account of the financial performance and operational updates discussed during the conference call. Investors can listen to the recording to gain insights into the company's quarterly results and future outlook.

Access Details

The audio recording of the earnings conference call is available for download and streaming. The specific link provided by the company allows stakeholders to access the file directly.

The company, headquartered in Bhavnagar, Gujarat, continues to maintain transparency by providing timely access to financial information. The recording serves as an official record of the management's commentary on the quarterly results.