Bajaj Steel Inds slumps after Q1 PAT drops 79% YoY to Rs 7 cr

Bajaj Steel Industries dropped 6.47% to Rs 601.50 after the company's consolidated net profit plunged 78.93% to Rs 7.40 crore in Q1 FY26 as against Rs 35.13 crore posted in Q1 FY25.

Revenue from operations declined 23.74% YoY to Rs 107.53 crore for the quarter ended 30 June 2025.

Profit before tax (PBT) dropped 78.84% YoY to Rs 9.93 crore in Q1 FY26, down from Rs 46.95 crore reported in the same quarter last year.

Total expenses decreased 19.59% YoY to Rs 99 crore during the quarter. The cost of materials consumed stood at Rs 59.94 crore, down 20.20% YoY. Employee benefit expenses rose 3.66% YoY to Rs 20.37 crore, while finance costs increased 27.72% YoY to Rs 1.29 crore.

 

EBITDA fell 36.36% YoY to Rs 14 crore during the quarter, and the EBITDA margin contracted to 12.6%, compared to 15.5% in Q1 FY25.

Bajaj Steel manufactures cotton processing machinery, equipment and their spare parts, PEBs, electrical panels, fire-fighting equipment, steel doors and heavy engineering equipment. The company is one of the few players with operations across the entire ginning process value chain.

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