Rathi Steel & Power Limited (RSPL), a veteran in India's steel industry, has reported its financial results for the second quarter, showcasing stable operational performance amid steady demand from infrastructure and construction sectors.

Financial Highlights

RSPL reported the following key financial metrics for Q2:

The company's performance reflects its ability to maintain profitability in a competitive market environment.

Operational Overview

RSPL operates an integrated steel melting and rolling facility in Ghaziabad, strategically located near the National Capital Region (NCR). The plant boasts:

• Steel melting capacity of 85,000 TPA
• Rolling capacity of 200,000 TPA

This setup provides RSPL with scale, flexibility, and efficiency in its operations.

Product Portfolio

The company focuses on two main product categories:

1. Stainless Steel Products: Including billets, wire rods, and bright bars. RSPL is India's only stainless-steel wire rod producer using direct billet charging technology, ensuring cost and energy savings.

2. TMT Bars: The company has recently diversified into stainless steel rebars, strengthening its presence in the construction and infrastructure segment.

Strategic Advantages

RSPL's performance is underpinned by several strategic advantages:

• Technological Edge: The direct billet charging technology for stainless rods results in 1.25-1.5% savings in energy and yield.
• Cost Leadership: The company benefits from the lowest electricity costs in Uttar Pradesh through open access benefits.
• Strategic Location: Proximity to key markets ensures lower outward freight costs compared to peers.
• Debt-Free Status: As of March 2024, RSPL achieved a zero-debt status, significantly improving its financial position.

Market Outlook

The company is well-positioned to capitalize on the growing demand in infrastructure, railways, and coastal projects. Additionally, emerging demand for 550 / 550 D TMT grade from real estate majors across the NCR region presents a significant opportunity for RSPL.

Conclusion

Rathi Steel & Power Limited's Q2 results demonstrate the company's resilience and operational efficiency. With its strategic location, technological advantages, and debt-free status, RSPL appears well-equipped to leverage growth opportunities in India's expanding steel market.

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.