Latest news about Inducto Steel
Inducto Steel
52.00
+0.61(+1.19%)
Company Performance:
View Company Insights1D+1.19%
1M-1.78%
6M-11.46%
1Y-17.30%
5Y+124.14%
More news about Inducto Steel
13Nov 25
Inducto Steel Reports Rs 74.54 Lakh Loss in Q2 FY26, Auditors Flag Concerns
Inducto Steel Limited reported a net loss of Rs 74.54 lakhs for Q2 2025, up from Rs 24.76 lakhs in the previous quarter. The company's auditors raised concerns about the recoverability of Rs 21.26 crores invested in partnership firms. Financial results were prepared according to Ind-AS standards and include consolidated statements with Calvin Divine Enterprise LLP. The company operates in two geographic segments: Mumbai and Bhavnagar.
13Aug 25
Inducto Steel Limited's Joint Statutory Auditor LLB & Co. Resigns Citing Pre-occupation
LLB & Co., Chartered Accountants, has resigned as Joint Statutory Auditors of Inducto Steel, effective August 13, 2025, citing pre-occupation with other assignments. The firm was initially appointed for a five-year term from April 1, 2024, to March 31, 2029. Their last engagement was the Limited Review Report for the quarter ended June 30, 2025. The company confirmed no material reasons for resignation beyond those stated by LLB & Co., and no concerns were raised with the Audit Committee or Board prior to resignation. Inducto Steel will need to appoint a new Joint Statutory Auditor to fill the vacancy.
12Aug 25
Inducto Steel Limited Reports Improved Revenue Amid Continued Losses in Q1
Inducto Steel Limited's Q1 financial results show a net loss of Rs 24.76 lakhs, improving from Rs 91.76 lakhs loss year-over-year. Revenue from operations increased by 18.60% to Rs 4,585.32 lakhs. Mumbai segment generated Rs 4,554.85 lakhs in revenue, while Bhavnagar contributed Rs 46.75 lakhs. EPS was negative Rs 0.62. Total expenses of Rs 4,621.00 lakhs slightly exceeded total income. Auditors raised concerns about the company's Rs 2,877.00 lakhs investment in a partnership firm, citing potential recoverability risks.
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