Shiv Aum Steels standalone profit rises more than fourfold

Shiv Aum Steels Limited reported standalone profit after tax of Rs 3.44 crore for the quarter ended September 30, 2026, up from Rs 78.95 lakh a year earlier, as total revenue from operations rose to Rs 159.65 crore from Rs 108.68 crore. The Board approved the unaudited results on November 13, 2026.

How did Shiv Aum Steels perform in the September 2026 quarter?

Shiv Aum Steels increased standalone profit after tax to Rs 3.44 crore in the September 2026 quarter from Rs 78.95 lakh in the September 2025 quarter. Profit before tax rose to Rs 4.54 crore from Rs 1.06 crore, and the company reported no exceptional or extraordinary items in either period.

Total revenue from operations increased 46.9% year on year to Rs 159.65 crore from Rs 108.68 crore. Revenue before other operating income rose to Rs 158.95 crore from Rs 106.26 crore, while other operating income increased to Rs 70.05 lakh from Rs 42.24 lakh.

Sequentially, profit after tax declined from Rs 3.68 crore in the quarter ended June 30, 2026, although total revenue from operations increased from Rs 138.57 crore. Profit before tax was Rs 4.93 crore in the June quarter, compared with Rs 4.54 crore in the September quarter.

Basic and diluted earnings per share were Rs 2.53 in the September 2026 quarter, compared with Rs 0.58 a year earlier. These per-share figures are not annualised and were reported on equity share capital of Rs 13.60 crore with a face value of Rs 10 per share.

What changed in Shiv Aum Steels' costs and profit before tax?

Shiv Aum Steels' profit before tax increased because total income rose to Rs 160.29 crore from Rs 109.58 crore, exceeding the rise in total expenses to Rs 155.75 crore from Rs 108.52 crore. The filing identifies trading in steel as the company’s primary business activity.

Purchases of stock-in-trade, the largest stated expense, increased to Rs 154.73 crore from Rs 96.57 crore. Cost of materials consumed rose to Rs 6.37 crore from Rs 3.40 crore, while employee-benefit expense declined to Rs 1.12 crore from Rs 1.23 crore.

Finance cost fell to Rs 1.52 crore from Rs 2.38 crore in the year-earlier quarter. Other expenses rose to Rs 2.37 crore from Rs 2.28 crore, while depreciation and amortisation expense decreased to Rs 9.56 lakh from Rs 11.20 lakh.

The statement recorded changes in inventories of Rs 10.49 crore in the September 2026 quarter, compared with Rs 2.35 crore in the September 2025 quarter. Shiv Aum Steels did not provide a separate management explanation for the inventory movement or the changes in individual cost lines.

What were Shiv Aum Steels' half-year results and operating segments?

Shiv Aum Steels reported standalone profit after tax of Rs 7.12 crore for the half year ended September 30, 2026, compared with Rs 2.40 crore for the half year ended September 30, 2025. Profit before tax rose to Rs 9.47 crore from Rs 3.38 crore over the same periods.

Half-year total revenue from operations increased to Rs 298.22 crore from Rs 221.79 crore. Total income was Rs 299.22 crore, compared with Rs 222.71 crore, while total expenses increased to Rs 289.75 crore from Rs 219.33 crore.

Shiv Aum Steels said Indian Accounting Standard 108, or Ind AS 108, on operating-segment disclosures does not apply because it operates in a single business segment. The filing therefore provides no revenue or profit split by steel product, geography or customer group.

For the year ended March 31, 2026, Shiv Aum Steels reported standalone profit after tax of Rs 7.44 crore on total revenue from operations of Rs 534.33 crore. The Rs 7.12 crore profit reported for the first half of financial year 2026-27 was close to the previous full-year result, though the company disclosed no forecast for the remaining six months.

How did Shiv Aum Steels' balance sheet and cash flow change?

Shiv Aum Steels reported total standalone assets of Rs 245.09 crore as of September 30, 2026, up from Rs 220.87 crore as of March 31, 2026. Current assets rose to Rs 238.11 crore from Rs 213.86 crore, while total equity increased to Rs 129.91 crore from Rs 120.85 crore.

Trade receivables increased to Rs 72.95 crore from Rs 59.80 crore during the six months, and other current assets rose to Rs 34.81 crore from Rs 27.87 crore. Inventories stood at Rs 94.76 crore at September 30, compared with Rs 95.47 crore at March 31, while cash and bank balances increased to Rs 10.08 crore from Rs 9.81 crore.

Total liabilities rose to Rs 115.18 crore from Rs 100.02 crore. Non-current borrowings increased to Rs 31.93 crore from Rs 12.54 crore, while current borrowings decreased to Rs 76.39 crore from Rs 81.48 crore.

The cash-flow statement showed net cash used in operating activities of Rs 17.03 crore for the half year ended September 30, 2026, compared with net cash generated from operating activities of Rs 6.66 crore in the comparative period. The disclosed working-capital movements included a Rs 13.15 crore increase in trade receivables and a Rs 10.15 crore increase in other assets.

What share split has Shiv Aum Steels proposed?

Shiv Aum Steels' Board approved a proposed subdivision of each existing equity share with a face value of Rs 10 into five equity shares with a face value of Rs 2 each. The proposal remains subject to approval by members, and the company has not set a record date.

The Board also approved a proposed alteration to the capital clause of the memorandum of association, subject to member approval. Under that proposed clause, the share capital would be Rs 15 crore divided into 7.50 crore equity shares of Rs 2 each.

Shiv Aum Steels said it would issue a notice to seek members’ approval and inform stock exchanges in due course. The Board appointed M Rupareliya & Associates, a practising company secretary, as scrutiniser for the voting process.

Conclusion

Shiv Aum Steels reported a substantial year-on-year increase in standalone September-quarter profit, supported by a 46.9% rise in revenue from operations and lower finance cost. The half-year figures also showed profit after tax of Rs 7.12 crore, while the company continued to report steel trading as its only business segment.

The next disclosed event is the member-approval process for the proposed five-for-one share subdivision, after which Shiv Aum Steels will determine the record date. The next results will also show whether higher receivables of Rs 72.95 crore and the Rs 17.03 crore operating cash outflow at September 30 reverse or persist.