Ahmedabad Steelcraft Reports Strong Q2 FY26 Results; CFO Resigns

Financial Performance

Ahmedabad Steelcraft reported a robust financial performance for Q2 FY26:

Particulars (₹ in Lakh)	Q2 FY26	Q1 FY26	Q2 FY25	H1 FY26	H1 FY25
Revenue from Operations	6467.52	4267.73	3843.11	10735.25	3843.11
Net Profit	746.39	336.35	153.19	1082.74	152.89

Ahmedabad Steelcraft's revenue from operations increased to ₹6,467.52 lakh in Q2 FY26, up from ₹4,267.73 lakh in Q1 FY26. This represents a quarter-on-quarter growth of approximately 51.5%. The company's net profit for Q2 FY26 stood at ₹746.39 lakh, more than doubling from ₹336.35 lakh in the previous quarter.

For the half-year ended September 30, the company's revenue reached ₹10,735.25 lakh, with a net profit of ₹1,082.74 lakh.

Leadership Change

In a separate development, Ahmedabad Steelcraft announced the resignation of its Chief Financial Officer (CFO), Mr. Kamlesh Kumar Sharma. The resignation will be effective from the close of business hours on November 11. Mr. Sharma is stepping down to take up the position of CFO at another group company.

The company's board of directors, in a meeting held on November 11, accepted Mr. Sharma's resignation. In his resignation letter, Mr. Sharma expressed gratitude for the opportunities and experiences gained during his tenure with Ahmedabad Steelcraft Limited.

Board Meeting Highlights

The board meeting, which commenced at 4:30 p.m. and concluded at 5:45 p.m. on November 11, also approved the following:

Standalone Un-Audited Financial Results for Q2 and H1 FY26, prepared in accordance with Ind-AS.
Standalone Limited Review Report on the Un-Audited Financial Results, issued by M/s. Prateek Gupta & Co., Chartered Accountants, the company's statutory auditors.

Ahmedabad Steelcraft Limited continues to demonstrate strong financial performance, with significant growth in both revenue and profitability. The company's ability to more than double its quarterly net profit indicates effective cost management and operational efficiency. However, the departure of the CFO may present short-term challenges in financial leadership, which the company will need to address promptly to maintain its growth trajectory.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.14%	-5.79%	-8.45%	-36.95%	-41.38%	+1,028.12%

Ahmedabad Steelcraft has announced its financial results for the first quarter of the fiscal year 2025-26, showcasing robust performance and growth.

Financial Highlights

Revenue from Operations: ₹4,267.73 crore
Net Profit: ₹336.35 crore
Total Comprehensive Income: ₹343.43 crore

The company's Board of Directors approved these unaudited standalone financial results for the quarter ended June 30, 2025, at their meeting held on August 14, 2025.

Key Financial Metrics

Particulars (₹ in Crore)	Q1 FY26 (Unaudited)	Q4 FY25 (Audited)	Q1 FY25 (Unaudited)
Revenue from Operations	4,267.73	6,529.87	-
Total Income	4,267.73	6,530.37	34.59
Total Expenses	3,818.25	6,053.95	34.89
Profit Before Tax	449.49	476.43	(0.30)
Net Profit	336.35	348.91	(0.30)
Earnings Per Share (₹)	3.46	8.37	(0.01)

Operational Performance

Ahmedabad Steelcraft, engaged in trading of electrical items, steel structures, and providing erection and commissioning services for electricity transmission lines, demonstrated strong operational performance in Q1 FY26. The company's revenue from operations stood at ₹4,267.73 crore, indicating robust demand for its products and services.

Capital Structure Update

The company's paid-up equity share capital increased to ₹1,509.20 crore as of June 30, 2025, up from ₹964.20 crore in the previous quarter. This increase is attributed to the conversion of warrants into equity shares:

During Q4 FY25, 55,50,000 warrants were converted into equity shares.
In Q1 FY26, the remaining 54,50,000 warrants were converted into equity shares at ₹72 per warrant.

Utilization of Funds

Ahmedabad Steelcraft confirmed that there was no deviation or variation in the use of proceeds raised through the preferential issue of warrants. The funds, totaling ₹2,277.45 crore (out of the total ₹7,920 crore raised), are being utilized as per the stated objectives:

Funding current/future expansion plans and activities
Meeting working capital requirements
Other general corporate purposes

Management Commentary

Rohit Pandey, Managing Director of Ahmedabad Steelcraft, stated, "Our Q1 FY26 results demonstrate the company's strong foundation and operational efficiency. We are pleased with the robust revenue growth and profitability, which reflect the increasing demand for our products and services in the market."

Outlook

With a solid start to the fiscal year 2025-26, Ahmedabad Steelcraft appears well-positioned to capitalize on opportunities in the electrical items and steel structures sector. The company's focus on expansion and efficient use of raised capital is expected to drive future growth and enhance shareholder value.

Investors and stakeholders can access the detailed financial results on the company's website ( www.steelcraft.co.in ) and the BSE website ( www.bseindia.com ).

Note: All figures are in Indian Rupees (₹) and have been rounded to two decimal places for clarity.