Steelcast Declares ₹1.80 Interim Dividend, Releases Q1FY26 Results and Sets Stock Split Record Date

Bhavnagar, July 31 – Steelcast Limited (BSE: 513517, NSE: STEELCAS) on Thursday declared a ₹1.80 interim dividend and released its Q1FY26 standalone results. The board also fixed August 29 as the record date for a proposed stock split, subject to shareholder approval at the 54th AGM scheduled for later today.

The company reported strong year-on-year profit growth, driven by better cost control despite a sequential revenue decline. Margins remained stable, and EPS showed healthy improvement over the same quarter last year. The dividend and stock split underscore Steelcast’s focus on efficient capital management and long-term shareholder value.

Key Financial Highlights (Standalone)

Steelcast Ltd reported a 53.8% year-on-year rise in net profit to ₹1,988.26 lakh in Q1FY26, supported by improved cost efficiency. Total expenses stood at ₹8,274.68 lakh, up from ₹6,103.95 lakh a year earlier, while total income rose to ₹10,940.80 lakh from ₹7,857.02 lakh.

On a sequential basis, revenue declined 11.2% to ₹10,668.55 lakh from ₹12,009.39 lakh in Q4FY25. Profit after tax also dropped 25.7% quarter-on-quarter, reflecting a normalisation in performance after a strong March quarter. EPS for the period stood at ₹9.82, compared to ₹13.22 in the previous quarter.

Dividend Declaration

The Board declared a first interim dividend of ₹1.80 per equity share of face value ₹5 (36% payout). The dividend will be paid by or before August 30, 2025, and the record date is August 8, 2025.

Sub-Division (Stock Split)

Steelcast has set August 29, 2025, as the record date for a proposed stock split, pending shareholder approval at the 54th AGM scheduled for 4:00 PM today. The current face value of each share is ₹5, and the split ratio will be decided after approval.

Steelcast Stock Performance as of July 31, 2025

As of 2:23 PM IST on July 31, Steelcast Ltd traded at ₹1,073.40, down 13.97% from the previous close of ₹1,247.70. The stock hit an intraday low of ₹1,002.00 with a VWAP of ₹1,113.44 on volumes of 2.91 lakh shares.

Management Commentary

Chetan M Tamboli, Chairman & Managing Director, stated, “The strong YoY profit growth reflects operational efficiencies despite softer topline performance on a sequential basis.” The company confirmed that its financial statements are accurate and free of any misleading representation.

About Steelcast

Steelcast Ltd manufactures high-integrity steel castings for sectors like earthmoving, mining, construction, and railways. Its product range includes carbon, alloy, manganese, and wear-resistant steel castings. The company operates with ISO-certified quality systems and caters to global OEMs through advanced moulding technologies.

REF:https://nsearchives.nseindia.com/corporate/STEELCAS_31072025122951_Q1FY26Outcome.pdf

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