Panchmahal Steel Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, following approval by the Board of Directors at their meeting held on January 29, 2026. The stainless steel manufacturer reported mixed performance with quarterly profits declining year-over-year while showing sequential improvement.

Quarterly Financial Performance

For the third quarter of FY26, the company demonstrated resilience with improved sequential performance despite year-over-year challenges. The quarterly results reflect the company's operational dynamics in the stainless steel long products segment.

Nine-Month Performance Analysis

The nine-month period ending December 31, 2025, presented significant challenges for the company, with a notable shift from profitability to losses compared to the previous year. This performance indicates operational headwinds faced during the current financial year.

Operational Cost Structure

The company's expense management during Q3 FY26 showed mixed results across various cost categories. Total expenses for the quarter amounted to ₹9,712.81 lakhs compared to ₹9,301.72 lakhs in Q3 FY25.

Key expense components included:

• Cost of materials consumed: ₹6,303.10 lakhs
• Power & fuel costs: ₹1,061.17 lakhs
• Other expenses: ₹809.14 lakhs
• Employee benefits expense: ₹575.83 lakhs
• Depreciation & amortisation: ₹199.70 lakhs
• Finance costs: ₹143.80 lakhs

Regulatory Compliance and Business Segment

Panchmahal Steel Limited operates in the manufacturing of stainless steel long products, which constitutes a single reportable segment under Ind AS-108 on Segment Reporting. The company maintains its registered office at GIDC Industrial Estate, Kalol, Panchmahals, Gujarat.

The financial results were reviewed by statutory auditors CNK & Associates LLP and recommended by the Audit Committee before Board approval. The company noted that the new Labour Codes effective from November 21, 2025, are not expected to have any material financial impact on the financial statements.

Capital Structure and Shareholder Information

The company maintained a stable capital structure with paid-up equity share capital of ₹1,907.83 lakhs, consisting of shares with a face value of ₹10 each. The Board meeting for result approval commenced at 3:00 PM and concluded at 4:20 PM on January 29, 2026, with Company Secretary Deepak Nagar facilitating the regulatory disclosures to the Bombay Stock Exchange.

Panchmahal Steels has recently approved its unaudited financial results for the second quarter and first half of the fiscal year. The company's Board of Directors convened on October 18 to review and approve these financial statements.

Key Financial Highlights

Q2 Performance

• Net Profit: 6.00 million rupees, down 67% year-on-year
• Revenue: 926.00 million rupees, a 6.5% year-on-year decline

Comparative Figures

• Q2 Previous Year Net Profit: 18.00 million rupees
• Q2 Previous Year Revenue: 990.00 million rupees

Board Meeting Details

• Date: October 18
• Time: 12:00 noon to 1:20 p.m.
• Purpose: Approval of unaudited financial results

Financial Period Covered

• Quarter ended September 30
• Half-year ended September 30

Regulatory Compliance

In adherence to the Securities and Exchange Board of India (SEBI) regulations, specifically Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, Panchmahal Steels has disclosed the outcome of its board meeting. The company has submitted the following documents to the Bombay Stock Exchange (BSE):

1. Unaudited Financial Results (duly signed)
2. Independent Auditors Review Report on the Interim Financial Results

Corporate Governance

The disclosure of financial results and the engagement of independent auditors for review demonstrate Panchmahal Steels' commitment to transparency and corporate governance. This practice allows investors and stakeholders to assess the company's financial performance and make informed decisions.

The significant drop in net profit and the decline in revenue indicate challenging market conditions for Panchmahal Steels in the current quarter. Shareholders and interested parties can access more detailed information about the financial results through the official channels of the Bombay Stock Exchange or the company's investor relations website.