Synopsis:
Steelcast reported Q1 FY26 revenue of Rs. 106.7 crore and net profit of Rs. 20 crores. Board fixed August 2025 record dates for the stock split and interim dividend.
During Thursday’s trading session, shares of a company engaged in the business of manufacturing steel and alloy steel castings moved down by nearly 19.8 percent on BSE, after the company reported mixed results for Q1 FY26 and fixed a record date for a 1:5 stock split.
With a market cap of Rs. 2,302 crores, the shares of Steelcast Limited closed in the red at Rs. 1,137.2 on BSE, down by around 9 percent, as against its previous closing price of Rs. 1,248.4. The stock has delivered positive returns of over 77 percent in the last one year, but has fallen by around 2 percent in the last one month.
What’s the News
According to the latest regulatory filings on the stock exchanges, Steelcast Limited announced the financial results for Q1 FY26 on Thursday during market hours. For Q1 FY26, Steelcast reported revenue from operations of Rs. 106.7 crores, marking around an 11 percent QoQ decline compared to Rs. 120 crores in Q4 FY25, but a year-on-year increase of about 38 percent from Rs. 77.4 crores recorded in Q1 FY25.
The company’s net profit for the quarter stood at Rs. 20 crores, reflecting a decline of around 25 percent QoQ compared to Rs. 26.8 crores in Q4 FY25, but a year-on-year rise of about 54 percent from Rs. 13 crores recorded in Q1 FY25.
Additionally, the company’s Board has fixed 29th August 2025 as the record date for the proposed sub-division/split of equity shares in a 1:5 ratio, subject to shareholder approval at the 54th Annual General Meeting, scheduled on Thursday at 4:00 PM.
The Board has also declared the first interim dividend for FY26 at Rs. 1.8 per equity share of face value Rs. 5 each (representing a 36 percent payout), and set 8th August 2025 as the Record Date for determining eligibility for this dividend.
Steelcast Limited is engaged in the business of manufacturing high-quality castings, offering a wide range of products including austenitic manganese steel, carbon steel, low/high alloy steel and high chromium ferrous alloys.
Written by Shivani Singh
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