Kalyani Steels Q2 FY27 Results: Key Q1 Metrics

Board meeting scheduled for October 28

Kalyani Steels Ltd has informed the BSE that its Board of Directors will meet on October 28, 2026. The board is scheduled to consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. This will cover the company’s Q2 FY27 performance. The announcement provides a confirmed board-meeting date for investors tracking the September-quarter earnings release. No Q2 FY27 revenue, profit, margin, or other operating figures have been announced in the information provided. The upcoming disclosure follows the company’s Q1 FY27 results for the quarter ended June 30, 2026. Kalyani Steels had announced its June-quarter unaudited results on August 7, 2026. The October 28 meeting is therefore the next scheduled financial-results event.

Q1 FY27 revenue stood at ₹464.58 crore

Revenue from operations in Q1 FY27 was ₹464.58 crore. This was lower than ₹484.39 crore in Q4 FY26, representing a sequential decline of 4.09%. However, it was above ₹442.77 crore reported in Q1 FY26, translating into year-on-year growth of 4.93%. The company’s fact sheet rounds Q1 FY27 revenue to ₹464 crore. Quarterly sales data similarly places June 2026 sales at ₹465 crore. Revenue had moved from ₹456.07 crore in Q2 FY26 to ₹462.38 crore in Q3 FY26 and ₹484.39 crore in Q4 FY26 before easing in the June quarter. The sequence provides the reported base for assessing the September-quarter disclosure when it is released. No Q2 FY27 estimate is stated here.

Profit rose from the year-ago quarter

Kalyani Steels reported net profit of ₹68 crore for Q1 FY27. The figure was 4.80% lower sequentially than the preceding quarter, when quarterly data shows net profit of ₹71 crore. Compared with Q1 FY26, net profit increased 10.64% from ₹61 crore. A separate reported figure placed standalone net profit at ₹676.06 million, or about ₹67.61 crore, for Q1 FY27. Consolidated profit after tax was reported at ₹682.49 million, or about ₹68.25 crore. The difference reflects the use of detailed standalone and consolidated figures alongside rounded quarterly data. The company’s reported year-on-year profit growth was supported by revenue growth in the June 2026 quarter. The October results will provide the next official profit update.

Operating indicators showed a sequential moderation

Gross profit was ₹77 crore in Q1 FY27, according to the fact sheet. It declined 8.80% quarter-on-quarter but rose 10.41% from the year-ago period. Reported EBITDA was ₹107.16 crore in Q1 FY27, compared with ₹112.67 crore in Q4 FY26 and ₹100.56 crore in Q1 FY26. Another quarterly EBITDA series showed ₹106.31 crore for Q1 FY27, ₹111.78 crore for Q4 FY26, and ₹99.60 crore for Q1 FY26. Profit before tax was ₹91.83 crore, versus ₹97.53 crore in the prior quarter and ₹83.07 crore a year earlier. The company also reported an EBITDA margin of 19.67%, an expansion of 41 basis points year-on-year. These figures point to higher year-on-year operating profit despite the quarter-on-quarter decline in revenue and earnings.

Quarterly financial comparison

The table uses the reported quarterly figures available before the Q2 FY27 board meeting. Revenue increased by ₹21.81 crore from Q1 FY26 to Q1 FY27. EBITDA increased by ₹6.60 crore over the same period. Profit before tax rose by ₹8.76 crore year-on-year. Net profit improved by ₹7 crore based on the rounded quarterly figures. Against Q4 FY26, revenue, EBITDA, profit before tax, and net profit were lower in Q1 FY27. These comparisons are historical and do not indicate the September-quarter outcome.

Full-year FY26 financial context

For FY26, Kalyani Steels reported revenue of ₹1,850 crore. This was 6.9% lower than FY25 revenue, according to the reported full-year summary. Net income was ₹258 crore and was described as flat compared with FY25. Earnings per share increased to ₹59.07 from ₹58.70 in FY25. The reported profit margin improved to 14% from 13% in the preceding year. The annual figures show that the margin improved even as full-year revenue declined. The FY26 annual report was announced on July 29, 2026. That annual context precedes the company’s FY27 quarterly disclosures.

Market data and growth comparison

The supplied market data places Kalyani Steels’ current market price at ₹969.85 per share. Its market capitalisation is stated at ₹4,244 crore. These are market reference figures rather than results-period operating metrics. Revenue is forecast to grow at an average annual rate of 12% over the next two years, compared with an 11% forecast for India’s Metals and Mining industry. This forecast is separate from the company’s reported financial results. It should also be distinguished from management guidance, as no company guidance is stated in the provided information. Investors will have an updated reported base only after the Q2 FY27 numbers are considered by the board.

What investors can monitor in the release

The October 28 board meeting will address both quarterly and half-year financial statements. The key reported comparisons will be against Q1 FY27 and Q2 FY26. Q2 FY26 revenue from operations was ₹456.07 crore in the quarterly series. Net profit for that quarter was ₹62 crore in the supplied quarterly-results table. The company also reported revenue of ₹462.38 crore in Q3 FY26 and ₹484.39 crore in Q4 FY26. This makes the September result relevant for tracking the movement in sales, operating profitability, and net profit across FY27. The filing will include standalone and consolidated results, as specified in the board-meeting intimation.

Conclusion

Kalyani Steels enters its Q2 FY27 results event after reporting ₹464.58 crore of Q1 revenue and ₹68 crore of net profit. June-quarter revenue and earnings were lower sequentially but higher than the year-ago quarter. Full-year FY26 revenue was ₹1,850 crore, while net income was ₹258 crore and profit margin was 14%. The company’s board will consider the September-quarter and half-year results on October 28, 2026. The exchange filing following that meeting will provide the confirmed Q2 FY27 financial figures.