Rathi Steel & Power Limited , a leading manufacturer of stainless steel and mild steel products, has announced its financial results for the second quarter of fiscal year 2026, demonstrating robust growth and stable operational performance.

Financial Highlights

The company reported impressive financial results for Q2FY26:

Revenue and Operational Performance

Rathi Steel & Power Limited achieved a consolidated revenue of ₹156.43 crore in Q2FY26, marking a significant year-on-year growth of 28.39%. This growth was primarily driven by steady demand from infrastructure construction and B2B customers in the stainless steel segment.

EBITDA Growth

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a 14.77% increase year-on-year, reaching ₹6.37 crore in Q2FY26. This growth in EBITDA indicates improved operational efficiency and cost management.

Net Profit

Despite the strong revenue growth, the company reported a net profit of ₹1.63 crore for Q2FY26. This represents a decrease from the ₹6.94 crore reported in the same quarter of the previous year. The company has not provided specific reasons for this decline in net profit in the available data.

Company Outlook

Rathi Steel & Power Limited, headquartered in Ghaziabad, Uttar Pradesh, continues to leverage its five-decade legacy of innovation, trust, and quality in steel manufacturing. The company remains focused on improving capacity utilization and enhancing margins through process optimization and product mix improvement in the stainless steel space.

Investor Communication

The company has scheduled an earnings call for November 19, 2025, at 4:00 PM IST to discuss the Q2FY26 results with investors and analysts. Key management personnel, including Mr. Udit Rathi (Promoter) and Mr. Rajesh Jain (President), will be present to address queries and provide insights into the company's performance and strategy.

As Rathi Steel & Power Limited navigates the dynamic steel industry landscape, its ability to maintain revenue growth while focusing on operational improvements will be crucial for long-term success. Investors and market observers will likely keep a close watch on the company's strategies to improve profitability in the coming quarters.

Rathi Steel & Power Limited (RSPL) has received a significant operational boost as it secures permission to resume commercial operations at its Steel Melting Shop in Ghaziabad, Uttar Pradesh. This development comes as a result of an order from the Commission of Air Quality Management in National Capital Region and Adjoining Areas, dated November 12, 2025.

Key Details of the Approval

The approval for resumption of operations comes with specific conditions that the company must adhere to within a stipulated timeframe. The Steel Melting Shop, established for the production of M.S. and S.S. Billets, is located at C-4, South of G.T. Road, Industrial Area, Ghaziabad (U.P.) 201009.

Regulatory Compliance and Disclosure

In line with regulatory requirements, RSPL has made the following disclosures:

Impact and Outlook

The resumption of operations at the Steel Melting Shop is expected to have a positive impact on RSPL's production capabilities. However, the company will need to ensure strict compliance with the conditions set forth by the Commission of Air Quality Management to maintain operational continuity.

This development underscores the importance of regulatory compliance in the steel industry, particularly in regions where air quality management is a critical concern. As RSPL moves forward with the reopening of its Steel Melting Shop, stakeholders will likely be watching closely to see how the company balances operational efficiency with environmental responsibilities.

Investors and industry observers may want to monitor RSPL's future disclosures for updates on the implementation of the required conditions and any potential impact on the company's production and financial performance.