Shyam Century Ferrous Q1FY26: ₹0.81 Cr loss as revenue sinks

Key takeaway from the quarter

Shyam Century Ferrous Limited reported a net loss of ₹0.81 crore for the quarter ended June 30, 2026 (Q1FY26) from discontinued operations, as the company continues to wind down its core ferro silicon manufacturing business. Revenue from operations fell sharply to ₹0.33 crore, compared with ₹14.19 crore in the same quarter last year. Despite the operating loss, total comprehensive income was positive at ₹0.95 crore, supported by gains in the company’s investment portfolio. The board approved the unaudited results based on the audit committee’s recommendation. Statutory auditors D.K. Chhajer & Co. reviewed the results and issued a limited review report.

Q1FY26 numbers: revenue slump, losses persist

The reported performance shows the scale of the contraction in the discontinued operations. Revenue from operations in Q1FY26 stood at ₹0.33 crore versus ₹14.19 crore in Q1FY25. Other income increased to ₹2.47 crore in Q1FY26 from ₹1.99 crore a year ago, helping cushion the fall in operating revenue. Total expenses reduced to ₹3.14 crore from ₹20.17 crore in Q1FY25, reflecting the reduced operating footprint as the manufacturing business is wound down. Even with lower expenses, the quarter ended with a net loss of ₹0.81 crore.

Deferred tax charge widened the reported loss

Shyam Century Ferrous reported a loss from discontinued operations before tax of ₹0.35 crore for Q1FY26. The company also reported a deferred tax charge of ₹0.46 crore for the quarter. After this tax expense, the net loss widened to ₹0.81 crore for the period. The company’s filings also disclosed a basic and diluted EPS of ₹-0.04 for Q1FY26.

Comprehensive income stayed positive due to investments

While the profit and loss account remained in the red, other comprehensive income (OCI) helped lift the overall picture. OCI for the quarter was ₹1.76 crore, driven by net changes in fair value of investments of ₹2.03 crore. The company also recorded remeasurement of post-employment benefit obligations of ₹0.11 crore and income tax related to OCI items of ₹-0.26 crore. As a result, total comprehensive income came in at ₹0.95 crore for Q1FY26.

How the quarter compares with Q1FY25

On a year-on-year basis, the net loss narrowed versus the prior-year quarter’s net loss of ₹4.03 crore. However, total comprehensive income was lower year-on-year, moving from ₹6.76 crore in Q1FY25 to ₹0.95 crore in Q1FY26, as indicated in the company’s comparative table. The company’s published figures show that the large fall in revenue was partially offset by higher other income and lower expenses.

Comparison with the quarter ended March 31, 2026

The company also highlighted the immediately preceding quarter ended March 31, 2026, where it reported a net profit of ₹0.20 crore. That quarter contrasted with a net loss of ₹4.38 crore in the corresponding quarter of the previous year, according to the provided data. For the March 2026 quarter, revenue from operations was ₹0.14 crore and total income stood at ₹1.77 crore. This comparison underlines how reported profitability has been sensitive to non-operating income and tax effects as the underlying manufacturing activity is wound down.

Snapshot table: Q1FY26 vs Q1FY25 (discontinued ops)

Capital structure and per-share metric

Shyam Century Ferrous reported paid-up equity share capital of ₹21.22 crore (face value ₹1 each). For Q1FY26, basic and diluted EPS was ₹-0.04, as stated in the company’s disclosure. These metrics are particularly relevant because the reported results are presented under discontinued operations, and the company’s earnings profile is being influenced by non-operating items, including investment fair value changes.

Market check: stock price move referenced in the data

The provided market snapshot showed the stock at ₹5.91, up ₹0.24 (4.23%) on the BSE at 04:01 PM. The article data does not attribute the move to any specific trigger beyond the results context, but it indicates investor attention around the announced quarterly numbers.

Why these results matter for investors tracking the company

The quarter reinforces a shift in the company’s financial mix as it winds down ferro silicon manufacturing. Operating revenue in the discontinued operations segment has dropped sharply, while other income and investment-linked OCI items are playing a larger role in reported outcomes. In Q1FY26, investment fair value gains of ₹2.03 crore were a key driver of positive total comprehensive income, even though the period ended with a net loss of ₹0.81 crore after tax. The disclosed deferred tax charge of ₹0.46 crore also materially affected the bottom line, widening the reported loss.

Conclusion

Shyam Century Ferrous closed Q1FY26 with a ₹0.81 crore net loss from discontinued operations, alongside a positive total comprehensive income of ₹0.95 crore supported by investment gains. The board has approved the unaudited results, and the statutory auditor has issued a limited review report. The next set of updates will be watched for how the wind-down continues to impact operating revenue, costs, and investment-led income items.