Scoda Tubes LimitedQ1 FY27 Results & Financial Update

Scoda Tubes Limited: Q1 FY27 standalone results and company financials – revenue ₹124.35 Cr, PAT ₹5.25 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: SCODATUBESPublished 17 Oct 2026Updated 17 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹124.35 CrReported Q1 FY27
Profit after tax₹5.25 CrReported Q1 FY27
EPS₹0.88Reported Q1 FY27

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Quarterly Results AnalysisExplore Scoda Tubes 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

01

Scoda Tubes Limited reported revenue from operations of INR 124.345 crore for the quarter ended June 30, 2026, alongside other income of INR 1.63 crore, bringing total income to INR 125.975 crore.

02

Total expenses for the quarter stood at INR 118.978 crore, driven primarily by raw material consumption of INR 100.165 crore and other expenses of INR 21.353 crore, offset by a positive inventory adjustment of INR 15.614 crore reflecting inventory buildup in finished goods and work-in-progress.

03

The company registered a profit before tax (PBT) of INR 6.997 crore after accounting for finance costs of INR 6.481 crore and depreciation and amortization expenses of INR 4.131 crore.

04

Tax expenses for the period totaled INR 1.747 crore, comprising INR 0.625 crore in current tax and INR 1.122 crore in deferred tax liability, resulting in a net profit after tax (PAT) of INR 5.250 crore.

06

Other comprehensive income for the quarter added INR 0.068 crore, driven by re-measurements of defined benefit plans of INR 0.171 crore net of tax effects, leading to a total comprehensive income of INR 5.318 crore.

07

In accordance with Ind AS 108, the company operates in a single primary business segment—manufacturing of stainless steel pipes and tubes—eliminating the requirement for separate segment reporting.

08

For the first quarter of fiscal year 2027 (Q1 FY27), Scoda Tubes reported revenue from operations of INR 124.345 crore (1,243.45 million), alongside other income of INR 1.63 crore (16.30 million), bringing total income to INR 125.975 crore (1,259.75 million).

01 · Business model

What does Scoda Tubes do?

Scoda Tubes Limited operates as a manufacturer and exporter specializing in stainless steel (SS) pipes, tubes, and U-tubes.

The company's manufacturing plant and registered office are located at Rajpur on the Ahmedabad-Mehsana Highway in Kadi Taluka, Mehsana District, Gujarat.

The company's revenue model relies entirely on the production and sale of stainless steel tubular products, serving industrial applications that demand corrosion-resistant and high-temperature piping solutions.

As of June 30, 2026, the company operates entirely on a standalone basis without subsidiaries, joint ventures, or associate companies.

02 · Financial snapshot

Current-quarter financial snapshot

MetricQ1 FY27
Revenue from operations₹124.35 Cr
Total income₹125.98 Cr
Profit before tax₹7.00 Cr
Profit after tax₹5.25 Cr
EPS₹0.88

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 4.2% 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.

Pre-tax earnings

Profit before tax was equivalent to 5.6% 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.

Operating revenue versus total income

Total income exceeded operating revenue by ₹1.63 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

Operations Scale

Revenue from operations reached INR 124.345 crore for Q1 FY27, supported by total operational scale and market demand for stainless steel tubes.

Other Income Contribution

Other income contributed INR 1.63 crore to the total income of INR 125.975 crore during the quarter.

Operations Revenue

Revenue from operations reached INR 124.345 crore for the quarter ended June 30, 2026, driven by the manufacturing and dispatch of stainless-steel pipes and tubes.

What drove margins

Raw Material Consumption

Cost of raw materials and components consumed was the largest cost head at INR 100.165 crore.

Inventory Changes

Changes in inventories of finished goods and work-in-progress provided a positive cost offset of INR 15.614 crore.

Overhead and Financing Costs

Other expenses stood at INR 21.353 crore, while finance costs and depreciation and amortization expenses absorbed INR 6.481 crore and INR 4.131 crore respectively.

Input and Material Costs

Cost of raw materials and components consumed stood at INR 100.165 crore, offset by a positive inventory change of finished goods and work-in-progress amounting to INR 15.614 crore.

Overheads and Financing

Other expenses aggregated to INR 21.353 crore, while finance costs of INR 6.481 crore and depreciation charges of INR 4.131 crore exerted downward pressure on operating margins.

04 · Reported developments

What changed operationally

Unmodified Review Report

Statutory auditors Dhirubhai Shah & Co LLP issued an unmodified review report on the unaudited financial results for the quarter ended June 30, 2026.

Unmodified Auditor Review

Statutory auditors Dhirubhai Shah & Co LLP issued an unmodified review conclusion on the financial results for Q1 FY27.

05 · Cash flow & balance sheet

Profit is one thing. Cash and funding tell another part of the story.

Capital allocation & funding

Finance Costs

Finance costs for the quarter were reported at INR 6.481 crore, reflecting the cost of borrowings and financial obligations during the period.

06 · Beyond the numbers

What changed beyond the numbers

Reported update

Board Approval

The financial results for Q1 FY27 were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on August 12, 2026.

07 · Key Q&A

The quarter, answered directly

What does Scoda Tubes do?

Scoda Tubes Limited operates as a manufacturer and exporter specializing in stainless steel (SS) pipes, tubes, and U-tubes.

What is the clearest takeaway from Q1 FY27?

Scoda Tubes Limited reported revenue from operations of INR 124.345 crore for the quarter ended June 30, 2026, alongside other income of INR 1.63 crore, bringing total income to INR 125.975 crore.

What drove revenue or demand?

Revenue from operations reached INR 124.345 crore for Q1 FY27, supported by total operational scale and market demand for stainless steel tubes.

What mattered most for margins or profitability?

Cost of raw materials and components consumed was the largest cost head at INR 100.165 crore.

What changed operationally beyond the headline numbers?

The financial results for Q1 FY27 were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on August 12, 2026.

What should the next disclosure help confirm?

Monitor upcoming financial disclosures for operational performance trends, raw material price fluctuations, and financing cost movements in subsequent quarters of FY27.

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

  1. 01

    Subsequent Quarterly Disclosures: Monitor upcoming financial disclosures for operational performance trends, raw material price fluctuations, and financing cost movements in subsequent quarters of FY27.

  2. 02

    Subsequent Financial Disclosures: Monitor upcoming quarterly disclosures and half-yearly reporting cycles for sequential performance trends in stainless-steel tube realisations and finance cost movements.

Learn the metrics

Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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