Ashoka Metcast Limited , a player in the steel trading sector, has announced its financial results for the second quarter ended September 30, 2025, revealing a mixed performance with a decline in revenue but an increase in profitability.

Revenue Performance

The company reported a consolidated revenue from operations of Rs 521.19 lakhs for Q2 FY2026, marking a significant decrease from Rs 1,433.42 lakhs in the corresponding quarter of the previous year. This represents a year-on-year decline of approximately 63.6% in top-line performance.

Profitability Metrics

Despite the revenue contraction, Ashoka Metcast demonstrated improved profitability:

• Consolidated profit after tax stood at Rs 296.08 lakhs, compared to Rs 348.49 lakhs in Q2 FY2025.
• The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) showed resilience, with finance costs at Rs 37.67 lakhs and depreciation at Rs 14.87 lakhs for the quarter.

Segment Performance

The company operates primarily in steel trading, which contributed the entirety of its revenue for the quarter. The segment results show:

Balance Sheet Highlights

As of September 30, 2025, Ashoka Metcast's balance sheet reflects:

• Total assets of Rs 15,908.14 lakhs, up from Rs 14,285.81 lakhs at the end of the previous fiscal year
• Shareholders' funds increased to Rs 11,908.51 lakhs from Rs 11,863.11 lakhs
• Current assets stood at Rs 9,913.17 lakhs, including inventories of Rs 3,988.77 lakhs

Cash Flow and Liquidity

The company's cash flow statement indicates:

• Net cash used in operating activities: Rs 583.92 lakhs
• Net cash generated from investing activities: Rs 405.30 lakhs
• Net cash generated from financing activities: Rs 182.50 lakhs

This resulted in a slight increase in cash and cash equivalents, which stood at Rs 83.80 lakhs at the end of the period.

Management Commentary

The financial statements were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on November 11, 2025.

Outlook

While Ashoka Metcast has faced challenges in revenue generation, the company's ability to maintain profitability in a difficult market environment may be seen as a positive sign. The increase in other income and effective cost management appear to have played crucial roles in supporting the bottom line.

Note: All figures are based on the consolidated financial results provided by the company.

Ashoka Metcast Limited, a multi-segment trading company dealing in steel and chemical activities, has released its financial results for the quarter ended June 30. The company's performance shows a mixed picture with declines in both revenue and profit on a consolidated basis.

Consolidated Performance

On a consolidated basis, Ashoka Metcast reported a significant decrease in revenue from operations, which fell to Rs 545.39 lakh, compared to Rs 1,125.69 lakh in the same quarter of the previous year, marking a 51.55% year-on-year decline. The consolidated net profit also saw a decrease, dropping to Rs 112.59 lakh from Rs 152.46 lakh in the corresponding quarter last year, representing a 26.15% reduction.

Standalone Results

The standalone financial results paint a similar picture:

The company's standalone revenue from operations decreased by 18.89% year-on-year, while the net profit saw a substantial decline of 65.82%.

Segment Performance

Ashoka Metcast operates primarily in the steel trading segment. In the current quarter, this segment generated a revenue of Rs 545.39 lakh, contributing the entirety of the company's consolidated revenue.

Earnings Per Share

The basic and diluted earnings per share (EPS) on a consolidated basis stood at Rs 0.45 for the quarter, compared to Rs 0.61 in the same quarter of the previous year, reflecting the overall decline in profitability.

Management Commentary

While specific management comments were not provided in the available data, the financial results were approved by the Board of Directors in their meeting held on August 11. The company's auditors have conducted a limited review of the financial results, and their report does not contain any observations that could impact the quarterly results.

Outlook

Ashoka Metcast Limited continues to operate in a challenging environment, as evidenced by the decline in both revenue and profitability. The company's performance in the coming quarters will be crucial to watch, especially given the current economic conditions and the volatility in the steel and chemical trading sectors.

Investors and stakeholders will likely be looking for signs of recovery and any strategic initiatives the company might undertake to improve its financial performance in the subsequent quarters.