Kalyani Steels LimitedQ2 FY27 Results & Financial Update
Kalyani Steels Limited: Q2 FY27 consolidated results and company financials – revenue ₹494.38 Cr, PAT ₹79.87 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Kalyani Steels Q2 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 494.38 crore for Q2 FY27, reflecting a 6.41% sequential increase compared to INR 464.58 crore in Q1 FY27.
Total income for the quarter stood at INR 511.36 crore, supported by total other income and interest income streams.
Profit before tax (PBT) expanded to INR 108.37 crore in Q2 FY27, representing an 18.01% growth from INR 91.84 crore in the preceding quarter.
Profit after tax (PAT) rose to INR 79.87 crore, registering a sequential increase of 17.02% over the INR 68.25 crore reported in Q1 FY27.
Basic and diluted earnings per share (EPS) for the quarter improved correspondingly to INR 18.30, compared to INR 15.63 in the previous quarter.
The PAT margin for Q2 FY27 expanded to 16.15%, up by approximately 146 basis points compared to 14.69% in Q1 FY27, aided by sequential operational leverage and other income contributions.
01 · Business model
What does Kalyani Steels do?
Kalyani Steels Limited manufactures high-quality specialty steels, catering primarily to automotive, engineering, and industrial sectors that demand rigorous metallurgical specifications.
The company's primary revenue streams are derived from the sale of alloy steels, carbon steels, and specialized engineering components used in critical applications like crankshafts, gears, and axles.
Operating on a consolidated basis, Kalyani Steels manages its manufacturing operations and associated treasury assets to support heavy manufacturing industries across domestic and international markets.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹494.38 Cr | ₹464.58 Cr |
| Total income | ₹511.36 Cr | ₹480.38 Cr |
| Profit before tax | ₹108.37 Cr | ₹91.84 Cr |
| Profit after tax | ₹79.87 Cr | ₹68.25 Cr |
| EPS | ₹18.30 | ₹15.63 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 16.2% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 21.9% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹16.98 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations increased by 6.41% quarter-on-quarter to reach INR 494.38 crore, reflecting improved volume off-take during the quarter.
Total income reached INR 511.36 crore, bolstered by interest income of INR 30.03 crore and other income of INR 16.98 crore.
What drove margins
PAT margin strengthened by 146 basis points quarter-on-quarter to 16.15% in Q2 FY27, driven by higher sequential operating earnings and other income.
Finance costs were relatively contained at INR 1.99 crore, while depreciation and amortization stood at INR 13.80 crore for the quarter.
04 · Reported developments
What changed operationally
PAT grew by 17.02% sequentially to INR 79.87 crore, demonstrating effective earnings enhancement between Q1 and Q2 FY27.
05 · Items worth noticing
The line items that can distort a quick read
The company recognized provisions amounting to INR 6.16 crore during the quarter.
06 · Previous-quarter changes
What changed since the previous quarter
Revenue increased from INR 464.58 crore to INR 494.38 crore, and PBT improved from INR 91.84 crore to INR 108.37 crore sequentially.
07 · Key Q&A
The quarter, answered directly
What does Kalyani Steels do?
Kalyani Steels Limited manufactures high-quality specialty steels, catering primarily to automotive, engineering, and industrial sectors that demand rigorous metallurgical specifications.
What is the clearest takeaway from Q2 FY27?
Kalyani Steels Limited reported consolidated revenue from operations of INR 494.38 crore for Q2 FY27, reflecting a 6.41% sequential increase compared to INR 464.58 crore in Q1 FY27.
What drove revenue or demand?
Revenue from operations increased by 6.41% quarter-on-quarter to reach INR 494.38 crore, reflecting improved volume off-take during the quarter.
What mattered most for margins or profitability?
PAT margin strengthened by 146 basis points quarter-on-quarter to 16.15% in Q2 FY27, driven by higher sequential operating earnings and other income.
What should the next disclosure help confirm?
Track whether the expansion in PAT margin to 16.15% is sustained in subsequent quarters through balanced input costs and steel realisations.
08 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
09 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Sequential Margin Sustainability: Track whether the expansion in PAT margin to 16.15% is sustained in subsequent quarters through balanced input costs and steel realisations.
- 02
Interest and Other Income Trends: Monitor the contribution of interest income (INR 30.03 crore) and other income (INR 16.98 crore) to total income in upcoming reporting periods.
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Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.