Bajaj Steel Industries (BAJAJST) Q1 26/27 earnings summary

Executive summary

• Achieved 12% year-over-year revenue growth in Q1 FY27, driven by business momentum despite order delays, raw material constraints, and global trade volatility.

• Diversification strategy led to Other Business segment contributing 53% of revenue, while Cotton Ginning remained subdued due to lower volumes.

• Heavy Engineering and Infrastructure segments posted strong YoY growth of ~32% and ~35%, respectively.

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, were approved by the Board on August 10, 2026.

• Both standalone and consolidated results underwent limited review by statutory auditors, with no material misstatements identified.

Financial highlights

• Q1 FY27 consolidated revenue from operations was ₹12,035.27 lakhs, up from ₹10,753.05 lakhs year-over-year; standalone revenue was ₹10,751.77 lakhs, up from ₹9,295.37 lakhs YoY.

• Q1 FY27 EBITDA fell 56.6% YoY to Rs 5.9 Cr due to margin pressure; EBITDA margin dropped to 4.9% from 12.6% YoY.

• Standalone net loss after tax was ₹371.83 lakhs; consolidated net loss after tax was ₹26.87 lakhs for Q1 FY27.

• FY26 revenue was Rs 524.2 Cr, with PAT at Rs 36.9 Cr and PAT margin at 6.9%.

• Net worth increased to Rs 424 Cr in FY26; cash flow from operations was Rs 78.2 Cr.

Outlook and guidance

• Management expects recent headwinds to subside, projecting progressive improvement in business performance and profitability in coming quarters.

• The company continues to identify 'Multiple Engineering Products' as its only reportable segment, indicating a focus on diversified engineering solutions.