Bajaj Steel Industries (BAJAJST) Q4 25/26 earnings summary

Executive summary

• Diversified portfolio with a 36% revenue CAGR, expanding across infrastructure, electrical panels, heavy engineering, and other segments.

• Audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, were approved, with an unmodified auditor's opinion expressed on both sets of results.

• FY26 performance impacted by Q4 delays in order conversion and dispatches, and volatile global trade conditions.

• Cotton Ginning Machinery, the core segment, saw subdued performance due to volatile cotton prices and lower exports, though domestic business grew.

• A final dividend of Rs.1.00 per equity share for FY 2025-26 was recommended, subject to shareholder approval.

Financial highlights

• Consolidated revenue from operations for FY 2025-26 was Rs. 52,418.32 lacs, down from Rs. 58,478.68 lacs year-over-year.

• Consolidated net profit after tax for FY 2025-26 was Rs. 3,749.70 lacs, compared to Rs. 8,375.24 lacs in the previous year.

• FY26 EBITDA at Rs 60.3 Cr, down 34.6% YoY; EBITDA margin declined to 11.5% from 15.8%.

• PAT for FY26 at Rs 36.9 Cr, down 56.2% YoY; PAT margin at 6.9% versus 14.1% last year.

• Exceptional income of Rs. 2,652.33 lacs was recognized from a dividend received from a wholly owned US subsidiary.

Outlook and guidance

• Anticipates improved performance ahead, supported by better market conditions and execution across business segments.

• The company continues to monitor regulatory developments, particularly regarding new labor codes, and will evaluate impacts as state rules are notified.