Prakash Steelage LimitedQ1 FY27 Results & Financial Update
Prakash Steelage Limited: Q1 FY27 standalone results and company financials – revenue ₹16.81 Cr, PAT ₹0.16 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 Prakash Steelage 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
During the quarter ended June 30, 2026 (Q1 FY27), Prakash Steelage reported a standalone revenue from operations of INR 16.81 crore, reflecting a marginal increase compared to INR 16.43 crore in the corresponding quarter of the previous year.
Total income for Q1 FY27 stood at INR 16.82 crore, supported by other income of INR 0.0074 crore, which saw a notable contraction from INR 0.1836 crore reported in Q1 FY25.
The company recorded a profit before tax (PBT) of INR 0.2151 crore for the quarter, compared to INR 0.3995 crore in the same period last year, reflecting pressures on operating margins.
Net profit after tax (PAT) for the quarter settled at INR 0.1635 crore, compared to INR 0.3806 crore in the year-ago period and INR 0.0364 crore in the preceding quarter ended March 31, 2026.
Basic and diluted earnings per share (EPS) for Q1 FY27 stood at INR 0.01, compared to INR 0.02 in the corresponding quarter of the previous financial year.
Total expenses for the quarter were tightly managed at INR 16.60 crore, down from INR 24.75 crore in the preceding fourth quarter of FY26, driven primarily by lower material consumption.
The board of directors reviewed and approved the un-audited standalone financial results for the quarter at its meeting held on August 13, 2026, alongside other routine corporate matters.
Prakash Steelage Limited registered revenue from operations of INR 16.81 crore for the first quarter of fiscal 2027, accompanied by total income of INR 16.82 crore. Total expenses for the period stood at INR 16.60 crore, leaving the company with a profit before tax of INR 0.2151 crore.
01 · Business model
What does Prakash Steelage do?
Prakash Steelage Limited is an established manufacturer of stainless steel pipes and tubes, operating out of Mumbai, India.
The company's primary operational focus centers on the production and distribution of various stainless steel tubular products utilized across diverse industrial applications.
Prakash Steelage holds multiple quality certifications, including ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and AD 2000-Merkblatt W 0 PED certification.
The company operates on a standalone basis with no subsidiaries, associates, or joint venture companies as of June 30, 2026.
02 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹16.81 Cr |
| Total income | ₹16.82 Cr |
| Profit before tax | ₹0.22 Cr |
| Profit after tax | ₹0.16 Cr |
| EPS | ₹0.01 |
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations for Q1 FY27 was recorded at INR 16.81 crore (INR 1,681.02 lakh), compared to INR 16.43 crore in Q1 FY26 and INR 24.81 crore in Q4 FY26.
Other income declined significantly to INR 0.0074 crore (INR 0.74 lakh) during the quarter, down from INR 0.1836 crore in the corresponding period of the previous year.
Revenue from operations reached INR 16.81 crore for Q1 FY27, supported by core stainless steel tube and pipe manufacturing activities.
Non-operating income contributed a marginal INR 0.0074 crore, resulting in a total income of INR 16.82 crore for the quarter.
What drove margins
Cost of materials consumed stood at INR 11.89 crore in Q1 FY27, representing the single largest expense head for the stainless steel manufacturer.
Employee benefit expenses were contained at INR 1.20 crore for the quarter, remaining stable relative to previous periods.
Finance costs for the quarter were reported at INR 0.0318 crore (INR 3.18 lakh), showing a slight increase from INR 0.0166 crore in Q1 FY26.
Depreciation and amortisation expense for the quarter was INR 0.2049 crore (INR 20.49 lakh), comparable to INR 0.2087 crore in the same quarter last year.
Cost of materials consumed was the dominant cost component at INR 11.89 crore, representing the primary input pressure for pipe and tube manufacturing.
A positive inventory variation of INR 0.4194 crore for finished goods, work-in-progress, and stock-in-trade helped buffer manufacturing cost pressures.
Other expenses stood at INR 1.78 crore alongside employee costs of INR 0.12 crore, depreciation of INR 0.20 crore, and low finance costs of INR 0.03 crore.
04 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company has identified the manufacturing of stainless steel tubes and pipes as its primary and sole reportable business segment in accordance with Ind AS 108.
05 · Reported developments
What changed operationally
The company successfully sustained positive net profitability during the quarter with a PAT of INR 0.1635 crore, avoiding the seasonal fluctuations seen in earlier quarters.
The company maintained positive profitability for Q1 FY27, reporting a net profit after tax of INR 0.1635 crore and a positive PBT of INR 0.2151 crore.
06 · Pressure points & risks
What is not going smoothly
A sharp decline in non-operating other income from INR 0.1836 crore in Q1 FY26 to INR 0.0074 crore in Q1 FY27 exerted downward pressure on overall profitability.
07 · Beyond the numbers
What changed beyond the numbers
Reported update
Directorship Continuation
The board considered and approved the continuation of directorship of Mr. Sharad C. Bohra as an Independent Director upon attaining the age of 75 years, subject to member approval via special resolution at the ensuing Annual General Meeting.
08 · Previous-quarter changes
What changed since the previous quarter
Revenue from operations decreased sequentially from INR 24.81 crore in Q4 FY26 to INR 16.81 crore in Q1 FY27.
Total expenses dropped significantly from INR 24.75 crore in Q4 FY26 to INR 16.60 crore in Q1 FY27, aligned with lower scale of operations.
09 · Key Q&A
The quarter, answered directly
What does Prakash Steelage do?
Prakash Steelage Limited is an established manufacturer of stainless steel pipes and tubes, operating out of Mumbai, India.
What is the clearest takeaway from Q1 FY27?
During the quarter ended June 30, 2026 (Q1 FY27), Prakash Steelage reported a standalone revenue from operations of INR 16.81 crore, reflecting a marginal increase compared to INR 16.43 crore in the corresponding quarter of the previous year.
What drove revenue or demand?
Revenue from operations for Q1 FY27 was recorded at INR 16.81 crore (INR 1,681.02 lakh), compared to INR 16.43 crore in Q1 FY26 and INR 24.81 crore in Q4 FY26.
What mattered most for margins or profitability?
Cost of materials consumed stood at INR 11.89 crore in Q1 FY27, representing the single largest expense head for the stainless steel manufacturer.
What changed operationally beyond the headline numbers?
The board considered and approved the continuation of directorship of Mr. Sharad C. Bohra as an Independent Director upon attaining the age of 75 years, subject to member approval via special resolution at the ensuing Annual General Meeting.
What are the main pressure points disclosed for the quarter?
A sharp decline in non-operating other income from INR 0.1836 crore in Q1 FY26 to INR 0.0074 crore in Q1 FY27 exerted downward pressure on overall profitability.
10 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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11 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Annual General Meeting Approval: Monitor the upcoming Annual General Meeting for the formal shareholder approval regarding the continuation of directorship for the independent director.
- 02
Subsequent Quarter Realisations: Track revenue trends and raw material cost fluctuations in Q2 FY27 to assess demand stability in the stainless steel pipes and tubes segment.
- 03
Subsequent Financial Disclosures: Track upcoming quarterly financial results and material disclosures for shifts in stainless steel demand, material consumption costs, and operating margins.
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