Remi Edelstahl September profit rises 87% as revenue jumps 60%

Remi Edelstahl Tubulars Limited reported net profit of Rs 1.9289 crore for the quarter ended September 30, 2026, up 87% from Rs 1.0314 crore a year earlier, as revenue from operations rose 60% to Rs 53.6866 crore. Remi Edelstahl also disclosed an order book of about Rs 173 crore, including Middle East export orders.

How did Remi Edelstahl perform in the September 2026 quarter?

Remi Edelstahl increased profit after tax to Rs 1.9289 crore in the quarter ended September 30, 2026, from Rs 1.0314 crore in the quarter ended September 30, 2025. Revenue from operations rose to Rs 53.6866 crore from Rs 33.4484 crore, while profit before tax increased to Rs 2.5403 crore from Rs 1.4043 crore in the unaudited standalone results approved on November 6, 2026.

Remi Edelstahl’s September-quarter revenue was also above Rs 35.1893 crore in the quarter ended June 30, 2026, while net profit increased from Rs 45.14 lakh. Total expenses rose to Rs 51.5481 crore from Rs 32.1839 crore a year earlier, but total income increased by Rs 20.5002 crore, compared with a Rs 19.3642 crore increase in expenses.

Earnings per share, or EPS, was Rs 1.52 on a basic basis in the September 2026 quarter, compared with Rs 0.94 in the September 2025 quarter. Paid-up equity share capital was Rs 13.4479 crore at September 30, 2026, compared with Rs 10.9024 crore a year earlier, reflecting the share-capital changes reported during the period.

What changed in Remi Edelstahl’s costs and half-year earnings?

Remi Edelstahl’s cost of materials consumed rose to Rs 40.7166 crore in the September quarter from Rs 28.6256 crore a year earlier. Finance costs increased to Rs 1.2273 crore from Rs 34.25 lakh, while other expenses rose to Rs 7.8571 crore from Rs 5.8530 crore; employee-benefit expense declined to Rs 3.1921 crore from Rs 3.2486 crore.

For the half-year ended September 30, 2026, Remi Edelstahl reported revenue from operations of Rs 88.8759 crore, up from Rs 60.0655 crore in the corresponding prior-year period. Net profit rose to Rs 2.3803 crore from Rs 1.2421 crore, and profit before tax increased to Rs 3.1518 crore from Rs 1.6805 crore.

Remi Edelstahl said current-half profitability was adversely impacted by a substantial increase in energy costs arising from geopolitical disturbance in the Middle East during the period. Other income fell to Rs 58.42 lakh in the half-year from Rs 87.01 lakh a year earlier, while the deferred-tax charge increased to Rs 69.55 lakh from Rs 34.67 lakh.

What does Remi Edelstahl’s September balance sheet and cash flow show?

Remi Edelstahl reported total assets of Rs 149.2215 crore at September 30, 2026, compared with Rs 137.6176 crore at March 31, 2026. Property, plant and equipment increased to Rs 51.4809 crore from Rs 29.3075 crore, capital work in progress declined to Rs 2.3637 crore from Rs 27.7558 crore, and intangible assets stood at Rs 9.1469 crore against no reported balance at March 31.

Combined current and non-current borrowings declined to Rs 42.3440 crore at September 30 from Rs 52.6125 crore at March 31. Non-current borrowings decreased to Rs 14.9560 crore from Rs 17.9300 crore, while current borrowings fell to Rs 27.3880 crore from Rs 34.6825 crore.

Inventories rose to Rs 46.7984 crore from Rs 45.0935 crore and trade receivables increased to Rs 26.1234 crore from Rs 23.5112 crore between March 31 and September 30. Trade payables increased to Rs 9.1901 crore from Rs 5.6686 crore over the same period, while total equity, comprising share capital and other equity, reached Rs 86.7209 crore from Rs 69.4722 crore.

Remi Edelstahl generated net cash from operating activities of Rs 5.5810 crore in the half-year ended September 30, 2026, compared with an outflow of Rs 4.9933 crore in the prior-year half. Cash used in investing activities was Rs 8.2804 crore, including fixed-asset purchases of Rs 8.2399 crore, while net cash from financing activities was Rs 2.7521 crore.

What demand, funding and governance developments did Remi Edelstahl disclose?

Remi Edelstahl said its current order book was approximately Rs 173 crore, including export orders from Middle East clients. The company manufactures stainless steel tubes and pipes, and the disclosed order-book figure identifies orders on hand rather than a revenue forecast or an execution schedule.

Remi Edelstahl also said it disposed of its wind mill during the quarter ended September 30, 2026. The cash-flow statement recorded Rs 75.73 lakh in proceeds from sale of fixed assets during the half-year, compared with Rs 90 lakh in the corresponding prior-year half.

During the September 2026 quarter, Remi Edelstahl allotted 8,33,331 equity shares with a face value of Rs 10 each at a premium of Rs 170 per share on a preferential basis. The half-year cash-flow statement reported Rs 14.8682 crore in proceeds from raising equity, and Remi Edelstahl said there was no deviation or variation in use of the proceeds from the objects stated in its July 31, 2026 shareholder notice.

The board appointed Detlef Ernst Hans Klatt as a non-executive independent director effective November 6, 2026, for a first term of five consecutive years, subject to shareholder approval. Remi Edelstahl said Klatt has more than 45 years of experience across manufacturing, production efficiency, quality governance and technological modernisation.

Conclusion

Remi Edelstahl’s September-quarter results show that a 60% rise in revenue from operations to Rs 53.6866 crore was accompanied by an 87% increase in net profit to Rs 1.9289 crore. The half-year outcome also included higher revenue of Rs 88.8759 crore, positive operating cash flow of Rs 5.5810 crore and combined borrowings lower than the March 2026 balance.

The next disclosed matters to watch are execution of the approximately Rs 173 crore order book, including Middle East export orders, and the energy-cost effect that Remi Edelstahl linked to geopolitical disturbance in the Middle East. The company also disclosed preferential-issue proceeds of Rs 14.8682 crore with no reported deviation in their use as of September 30, 2026.