Sharda Ispat Ltd

Q1 FY27 highlights

• Revenue from operations (net): ₹7,115.06 lakh.
• Total income: ₹7,189.96 lakh.
• Net profit after tax: ₹163.50 lakh.
• EPS: ₹3.22 for the quarter.
• Total comprehensive income: ₹186.88 lakh.
• Single iron and steel segment; Ind AS 108 not applicable.
• Unaudited results approved; Limited Review unmodified.
• Nandkishore Sarda re-appointed as CMD for 5 years from 01-Apr-2027.
• Poonam Sarda re-appointed as WTD for 5 years from 01-Apr-2027.
• YoY net profit rose from ₹28.39 lakh to ₹163.50 lakh.

Dematerialisation status

• Dematerialisation requests for the quarter ended 30 June 2026 were processed and confirmed to depositories.
• Securities dematerialised during the period have been listed on stock exchanges.
• Physical certificates received for dematerialisation were mutilated and cancelled after due verification.
• Depository's name was substituted as registered owner in the Register of Members within 15 days.

FY26 results

• 📊 Revenue from operations rose 16.9% QoQ to Rs 6,719.96 lakh in Q4 FY26.
• 📊 FY26 revenue from operations was Rs 16,879.39 lakh, down 3.8% YoY.
• 📊 Total income was Rs 17,258.07 lakh in FY26 versus Rs 17,855.31 lakh last year.
• 📊 FY26 PBT was Rs 839.72 lakh, down 17.7% YoY.
• 📊 FY26 PAT was Rs 620.24 lakh, down 18.3% YoY.
• 📊 FY26 EPS was Rs 12.22, versus Rs 14.94 in FY25.
• 📊 Q4 FY26 PAT was Rs 434.61 lakh, up 332.8% QoQ.
• 📊 Other comprehensive income was Rs 10.59 lakh in FY26.

Cost trends

• 📊 Raw material consumption was Rs 13,959.68 lakh in FY26, down 2.5% YoY.
• 📊 Employee benefits expense rose to Rs 313.14 lakh in FY26.
• 📊 Finance cost increased to Rs 251.07 lakh in FY26 from Rs 149.58 lakh.
• 📊 Other expenses rose to Rs 2,073.62 lakh in FY26 from Rs 1,917.48 lakh.

Balance sheet and cash flow

• 📊 Total assets were Rs 10,158.71 lakh at FY26-end, up from Rs 9,816.07 lakh.
• 📊 Equity increased to Rs 6,545.54 lakh, supported by higher other equity.
• 📊 Borrowings fell to Rs 3,037.98 lakh from Rs 3,463.99 lakh.
• 📊 Trade receivables rose to Rs 1,859.48 lakh, while inventories were Rs 2,264.24 lakh.
• 📊 Cash and cash equivalents increased to Rs 178.11 lakh.
• 📊 Operating cash flow was negative Rs 70.97 lakh in FY26.
• 📊 Investing cash flow was positive Rs 852.21 lakh, aided by loan recovery and investment sales.

Operations and audit

• 📍 The company operates in one segment: iron and steel.
• 📍 Auditors issued an unmodified opinion on the standalone FY26 results.
• 📍 The board approved FY26 audited standalone results on 29 May 2026.
• 📍 Internal auditor LNJ & Associates was re-appointed for FY27.
• 📍 Cost auditor Narendra Peshne & Associates was re-appointed for FY27, subject to shareholder ratification.

Financial Performance 📊

• Board approved unaudited standalone financial results for Q3 and nine months ended 31 Dec 2025.
• Total income for nine months ended 31 Dec 2025 was Rs. 10,459.82 lakhs; net profit after tax Rs. 185.62 lakhs.
• Earnings per share for nine months ended 31 Dec 2025 stood at Rs. 3.66 (basic and diluted).
• No exceptional or extraordinary items reported for the period.
• Statutory auditors issued a limited review report with an unqualified opinion on the unaudited results.

Business and Compliance 📍

• Company operates in a single segment: iron and steel.
• Provision for gratuity created for fixed-tenure employees per new Indian Labour Codes guidance.
• Previous period figures regrouped/reclassified for comparability with current period.

Financial Performance 📊

• Q3 revenue from operations declined 12.5% YoY to Rs 4,758.44 lakhs; rose 82% QoQ from Rs 2,619.03 lakhs.
• Nine months revenue from operations fell 24.5% YoY to Rs 10,159.44 lakhs; total income declined 23.7% YoY to Rs 10,459.82 lakhs.
• Q3 EBITDA proxy was Rs 187.53 lakhs, down 55.4% YoY; nine months profit before tax declined 71.5% YoY to Rs 250.97 lakhs.
• Q3 net profit after tax was Rs 144.31 lakhs, down 53.8% YoY; nine months net profit declined 71.8% YoY to Rs 185.62 lakhs.
• Basic and diluted EPS for Q3 was Rs 2.84 vs Rs 6.16 YoY; nine months EPS was Rs 3.66 vs Rs 12.96 YoY.
• Q3 raw material cost was Rs 3,670.52 lakhs, down 2.5% YoY; nine months raw material cost declined 25.8% YoY to Rs 7,974.16 lakhs.

Costs & Expenses

• Finance cost increased 66% YoY in Q3 to Rs 65.18 lakhs and nine months to Rs 197.69 lakhs.
• Employee benefits expense increased 5.6% YoY to Rs 233.19 lakhs for nine months; depreciation stable at Rs 63.47 lakhs.
• Other expenses for nine months increased marginally to Rs 1,411.82 lakhs from Rs 1,382.70 lakhs YoY.
• Inventory changes were positive Rs 58.42 lakhs in Q3 vs Rs 395.53 lakhs YoY; nine months inventory change was Rs 43.16 lakhs vs negative Rs 53.31 lakhs YoY.

Corporate & Compliance

• Statutory auditors issued an unqualified limited review report for Q3 and nine months ended December 31, 2025.
• No exceptional or extraordinary items reported in Q3 or nine months.
• Company operates in a single segment: iron and steel.

Risks & Regulatory ⚠️

• New Indian Labour Codes effective November 21, 2025; gratuity provision created for fixed-tenure employees; impact under evaluation.