Steelcast reports 25.63% operating margin in Q1FY27
Standalone net profit was Rs 23.71 cr, while management said it expects to maintain its margin profile at the same level.
Filed 29 Jul 2026, 16:58 IST · after market close · STEELCAS (STEELCAS)
Key takeaways
- Steelcast reported standalone net profit of Rs 23.71 cr in Q1FY27, with EPS of Rs 2.34.
- Operating margin was 25.63%, and management said it expects to maintain its margin profile at the same level.
- Management said Ground Engaging Tools will be a focus area in FY27 and that the company expects to expand its presence to more than 18 countries over one to two years.
Standalone profit was led by operations
Steelcast generated standalone operating profit of Rs 31.99 cr on revenue of Rs 124.82 cr. After depreciation of Rs 3.29 cr and interest of Rs 0.17 cr, profit before tax was Rs 31.78 cr; tax of Rs 8.06 cr brought net profit to Rs 23.71 cr. The operating margin was 25.63%.
Other income was supplementary to reported profit
Other income contributed Rs 3.24 cr against profit before tax of Rs 31.78 cr, while interest expense was Rs 0.17 cr. The reported tax rate was 25.37%, so the quarter's net profit reflects both operating earnings and the tax charge rather than financing costs.
Management flags demand progress and new focus areas
Management said demand was improving steadily despite global uncertainties. The company said Ground Engaging Tools would be a focus area in FY27, and management expects the company to increase its presence in more than 18 countries over the next one to two years. Management also said it expects to maintain the margin profile at the same level.
Results were filed after market close
The results were filed after market close on 29 Jul 2026. The stock's market response is therefore not covered in this note.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹125 cr |
| Other income | ₹3 cr |
| Expenses | ₹93 cr |
| Operating profit | ₹32 cr |
| Operating margin (%) | 25.63% |
| Interest | ₹0 cr |
| Depreciation | ₹3 cr |
| Profit before tax | ₹32 cr |
| Tax | ₹8 cr |
| Net profit | ₹24 cr |
| EPS (₹) | ₹2.34 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
Guidance & outlook
- The company expects to maintain its margin profile at the same level.
- The company expects to increase its presence in more than 18 countries over the next one to two years.
New initiatives
- Ground Engaging Tools will be a focus area for FY27.
Problems & risks
- The company cited global uncertainties even as demand was improving steadily.
What to watch
- Whether standalone operating margin remains near 25.63%, in line with management's stated margin-profile expectation.
- Progress on Ground Engaging Tools, which the company identified as a FY27 focus area.
- Progress toward management's stated plan to expand presence to more than 18 countries over one to two years.