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Earnings Call Transcript

Rathi Steel & Power Earnings Call Transcript: Key Takeaways

Rathi Steel reports strong Q1 FY27 results with 24.6% revenue growth, driven by 30% volume expansion. Strategy focuses on high-margin stainless steel products and 'Direct Charging' technology for cost efficiency.

Guidance and delivery
Management target Revenue 20.0% next two years
Highlights
Revenue growth24.63% YoY
MarginsEBITDA margin flat at 4.01%; PAT margin improved 58 bps
Demand visibilityStrong infrastructure and premium housing demand
Management confidenceHigh; citing volume growth and optimized product mix

Growth

Revenue rose 24.6% to ₹193.67 Cr; PAT surged 84.6% to ₹3.48 Cr YoY.

Outlook

Targeting 20% revenue CAGR over two years; aiming for 80% steel melting shop utilization.

Risks

Soft steel realisations, energy price volatility, and concentrated geographic presence in North India.

Last quarter's promises, checked

Delivered

  • Guided 20-25% avg growth → delivered 24.63% (= BEAT)
  • Targeted TMT mill restart → delivered FY26 volume growth of 117% (= BEAT)
  • Guided debt resolution → delivered Resolved via ₹114.7 Cr allotment (= BEAT)

Partly delivered

  • Targeted 80% SMS utilization → delivered 53% in FY26 (= PARTIAL)
Source

Earnings Call Transcript filed with BSE, NSE: RATHIST. Summary written with AI assistance from the document.

Read the document ↗

Rathi Steel & Power Ltd: key numbers

Share price
₹20.57
Market cap
₹177.7 Cr
Revenue (annual)
₹716.0 Cr
Net profit (annual)
₹12.86 Cr
P/E (TTM)
12.3×Sector 18.4×
Promoter holding
41.30%+0.00% QoQ
FII holding
2.74%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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16:20 IST BSE
Promoter Reclassification

Rathi Steel & Power Promoter Reclassification

Rathi Steel and Power Ltd received a request from DBG Leasing and Housing Ltd to reclassify its shareholding from 'Promoter' to 'Public' category.

15:19 IST BSE
Annual General Meeting

Rathi Steel & Power Annual General Meeting

Rathi Steel and Power Limited has filed its Annual Report for the financial year 2025-26, including the Notice of its 55th Annual General Meeting.

14:56 IST BSE
Management Change

Rathi Steel & Power Management Change

Rathi Steel and Power Limited has appointed M/s R. M. Bansal & Co. as Cost Auditors and M/s DIT & Company as Internal Auditors. Both appointments are effective from September 1, 2026.

Execution
12 months
17:56 IST BSE
Board Meeting Outcome

Rathi Steel & Power Board Meeting Outcome

Rathi Steel and Power Ltd. approved the appointment of new Cost and Internal Auditors for FY 2026-27. The board also approved the notice for the upcoming AGM.

18:57 IST BSE
Results Update

Rathi Steel & Power Results Update

Rathi Steel and Power reported strong Q1 FY27 performance with total income of ₹193.67 Crore, a 25% YoY increase. Net profit rose by 85% to ₹3.48 Crore.