Kalyani Steels Q2FY26 Net Profit at ₹62.53 Crore; Revenue at ₹456.07 Crore, Down 7.3% YoY

Pune, November 4, 2025: Kalyani Steels Limited reported a consolidated net profit of ₹62.53 crore for the quarter ended September 30, 2025. This marks a 7.3% year-on-year (YoY) decline from ₹67.38 crore in Q2FY25. However, on a sequential basis, the profit rose slightly by 1.38% from ₹61.68 crore in Q1FY26.

Revenue from operations stood at ₹456.07 crore for the quarter, reflecting a YoY decline but a 3% improvement quarter-on-quarter (QoQ). Profit before tax (PBT) came in at ₹83.72 crore, while the net profit was ₹62.53 crore. The company’s earnings per share (EPS) increased marginally by 1.4% to ₹14.33.

On the balance sheet front, Kalyani Steels reported total assets of ₹2,821.17 crore and equity of ₹1,969.44 crore as of September 30, 2025. Cash and cash equivalents stood at ₹6.21 crore at the end of the quarter.

Key Financial Highlights

The company’s total income stood at ₹471.22 crore in Q2FY26, compared to ₹507.01 crore recorded in the same quarter last year. Despite the subdued pricing environment, the company focused on optimising costs, with expenses amounting to ₹67.33 crore. Tax expenses were lower at ₹21.18 crore as against the previous year. The comprehensive total income came in at ₹61.82 crore, reflecting a decline from the corresponding period of the previous fiscal.

For the first half of FY26, the company reported an improved net profit of ₹124.22 crore, up from ₹118.91 crore in the corresponding period last year. However, total revenue declined to ₹898.84 crore from ₹953.57 crore recorded during the same period of the previous fiscal.

Operational Overview

Kalyani Steels remains the only company in its segment to provide forging and engineering-quality carbon and alloy steels. The company’s joint operation, Hospet Steels Limited, has contributed proportionate results to this segment.

Management Commentary

The company has maintained its steady margins through cost discipline and efficiency improvements, stated the managing director, R. K. Goyal. He put his focus on optimising the company’s operations and improving long-term competitiveness.

As of 14:44, the share price of Kalyani Steels was trading at ₹848.20, down at ₹34.25 or 3.88% from its previous close of ₹883.70. The share opened at ₹888 and traded between ₹888 and ₹836, high and low.

REF: https://nsearchives.nseindia.com/corporate/KSL_04112025124846_294_Results_04_Nov_2025_June_Sept_2025_Qrtr_.pdf

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