Kalyani Steels LimitedQ1 FY27 Results & Financial Update
Kalyani Steels Limited: Q1 FY27 consolidated results and company financials – revenue ₹464.58 Cr, PAT ₹68.25 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Kalyani Steels Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Kalyani Steels Limited reported consolidated revenue from operations of INR 464.58 crore (INR 4,645.80 million) for the quarter ended June 30, 2026.
Total consolidated income reached INR 480.384 crore, supported by other income of INR 15.804 crore during the period.
Consolidated profit before tax (PBT) stood at INR 91.835 crore after total expenses of INR 388.549 crore.
Consolidated profit after tax (PAT) for Q1 FY27 was recorded at INR 68.249 crore, yielding a basic and diluted earnings per share of INR 15.63.
Cost of raw materials consumed formed the largest expense component at INR 239.579 crore, alongside manufacturing expenses of INR 77.420 crore.
Total tax expenses for the quarter were registered at INR 23.586 crore, comprising current tax of INR 22.267 crore and deferred tax of INR 1.319 crore.
Profit attributable to equity holders of the parent was INR 68.249 crore, with non-controlling interest registering a negligible share.
Kalyani Steels Limited reported consolidated revenue from operations of Rs. 464.58 crore for the quarter ended June 30, 2026, alongside other income of Rs. 15.804 crore, bringing total consolidated income to Rs. 480.384 crore.
01 · Business model
What does Kalyani Steels do?
Kalyani Steels Limited manufactures forging and engineering quality carbon and alloy steels, serving core industrial and automotive sectors.
Operations include the parent company activities alongside proportionate shares in joint operations such as Hospet Steels Limited and its subsidiary DGM Realties Private Limited.
The economic and operating model centers on specialized metallurgical production, with input costs, raw material consumption, and manufacturing expenses driving operating margins.
02 · Historical context
What shaped the business before this quarter
On November 21, 2025, the Government of India notified four new Labour Codes consolidating 29 existing laws, leading the company to account for an incremental impact of Rs. 7.926 crore in the previous financial year under exceptional items due to changes in wage definitions.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹464.58 Cr |
| Total income | ₹480.38 Cr |
| Profit before tax | ₹91.84 Cr |
| Profit after tax | ₹68.25 Cr |
| EPS | ₹15.63 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Generated INR 464.58 crore from operations during the quarter ended June 30, 2026.
Contributed INR 15.804 crore to bring total consolidated income to INR 480.384 crore.
Consolidated revenue from operations reached Rs. 464.58 crore for the first quarter of fiscal 2027.
Other income added Rs. 15.804 crore to the consolidated top line during the quarter.
What drove margins
Cost of raw materials consumed stood at INR 239.579 crore for the quarter.
Incurred INR 77.420 crore in manufacturing expenses, which include stores and spares consumed, job work manufacturing charges, power, fuel, and repairs.
Employee benefit expenses amounted to INR 24.055 crore.
Finance costs were reported at INR 1.80 crore, while depreciation and amortisation expense stood at INR 13.528 crore.
Employee benefit expenses were recorded at Rs. 24.055 crore.
Depreciation and amortisation expenses amounted to Rs. 13.528 crore, while finance costs stood at Rs. 1.800 crore.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company manufactures Forging and Engineering quality carbon and alloy steels, operating as a single segment in accordance with Ind AS 108.
06 · Strategy & new businesses
How the company is trying to change its growth mix
Consolidated financials incorporate 100% ownership of subsidiary DGM Realties Private Limited and proportionate consolidation of joint operation Hospet Steels Limited.
07 · Beyond the numbers
What changed beyond the numbers
Reported update
Labour Code Assessment
The company noted that the Government of India notified four Labour Codes on November 21, 2025. An incremental impact of INR 7.926 crore was accounted for in the previous financial year as exceptional items primarily due to changes in the wage definition, while ongoing monitoring of central and state rules continues.
Reported update
Auditor Review Scope
The standalone and consolidated financial results were subjected to a limited review by statutory auditors Kirtane & Pandit LLP, incorporating review reports from other auditors for DGM Realties Private Limited and Hospet Steels Limited.
08 · Key Q&A
The quarter, answered directly
What does Kalyani Steels do?
Kalyani Steels Limited manufactures forging and engineering quality carbon and alloy steels, serving core industrial and automotive sectors.
What is the clearest takeaway from Q1 FY27?
Kalyani Steels Limited reported consolidated revenue from operations of INR 464.58 crore (INR 4,645.80 million) for the quarter ended June 30, 2026.
What drove revenue or demand?
Generated INR 464.58 crore from operations during the quarter ended June 30, 2026.
What mattered most for margins or profitability?
Cost of raw materials consumed stood at INR 239.579 crore for the quarter.
What changed operationally beyond the headline numbers?
Consolidated financials incorporate 100% ownership of subsidiary DGM Realties Private Limited and proportionate consolidation of joint operation Hospet Steels Limited.
What should the next disclosure help confirm?
Monitor the finalisation of Central and State rules regarding the notified Labour Codes and any subsequent accounting evaluations.
09 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
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10 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Regulatory Rules Finalisation: Monitor the finalisation of Central and State rules regarding the notified Labour Codes and any subsequent accounting evaluations.
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