Financial Results for Quarter ended 30th June 2026
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 29 Jul 2026, 05:06 PM IST · BSE ID: 2a9c5192-f3d5-4a0f-b0d9-f82ea6fcfad8
View Original BSE Filing (PDF)
💡
In Simple Terms
Steelcast reported higher Q1 profits and decided to invest Rs. 120 Crores for factory expansion, also declaring a dividend.
🤖 AI Summary
- Steelcast Ltd reported standalone Net Profit of Rs. 2,371.23 Lakhs for Q1 FY27.
- Board approved a Greenfield Foundry expansion of 8500 Tons with Rs. 1,200,000,000 investment.
- Expansion targets completion within 2 years (by March 31, 2028), funded by internal accruals.
- Company declared a First Interim Dividend of Rs. 0.45 per equity share for FY 2026-27.
- Dividend record date fixed as August 7, 2026, with payment by August 28, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Net Sales/Income from Operations (Q1 FY27)
12,481.97 Lakhs
16.99
Net Profit for the period (Q1 FY27)
2,371.23 Lakhs
19.26
Basic EPS (Q1 FY27)
2.29
16.84
Proposed Capacity Addition
8500 TONS
Investment Required for Expansion
Rs. 1,200,000,000
First Interim Dividend per share FY27
Rs. 0.45
🏢 How This Affects the Company
The approved 8500 Tons Greenfield Foundry expansion will increase Steelcast's installed capacity by approximately 30% from 29000 TONS to 37500 TONS. This expansion is aimed at catering to increasing customer demand and is projected to raise capacity utilization from 63% (FY26-27 projected) to 90% by March 31, 2029.
The investment of Rs. 1,200,000,000 for capacity addition will be financed through internal accruals, indicating no immediate increase in external debt. The declaration of Rs. 0.45 per share interim dividend will result in a cash outflow to shareholders within 30 days.
The capacity addition of 8500 TONS will necessitate establishing a new Greenfield Foundry, requiring project management and potential workforce adjustments over the 2-year implementation period. Existing capacity utilization is stated at 63% based on FY26-27 projections.
The substantial investment of Rs. 1,200,000,000 for expansion, while funded by internal accruals, involves execution risk related to project completion within the 2-year timeline and achieving projected capacity utilization targets.
👥 What This Means For Shareholders
✅
Action Required
Shareholders holding shares on or before the Record Date of August 7, 2026, will be eligible for the interim dividend.
👤
Who Is Affected
Shareholders whose names appear in the company's register or as beneficial owners on August 7, 2026, will receive the Rs. 0.45 per equity share interim dividend.
🔍
Management Signal
The declaration of an interim dividend and approval of a significant capacity expansion signals management's confidence in current financial performance and future demand growth, utilizing internal accruals for funding.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q2 FY27 results — monitor progress of capacity utilization against projections.
Dividend payment — confirm distribution to eligible shareholders by August 28, 2026.
Update on Greenfield Foundry — track project milestones towards March 2028 completion.
LOW RISK
The expansion is funded by internal accruals, reducing immediate financial risk from debt, though project execution remains.
💡 Investor Takeaway
Steelcast Ltd reported Q1 FY27 Net Profit of Rs. 2,371.23 Lakhs, an increase from Rs. 1,988.26 Lakhs in Q1 FY26. The Board approved a Rs. 1,200,000,000 investment for an 8500 Tons Greenfield Foundry, funded by internal accruals, aiming for completion by March 31, 2028.
⚖️ Strengths & Concerns
✅ Positives
- Net Sales/Income from Operations increased by 16.99% to Rs. 12,481.97 Lakhs in Q1 FY27 from Rs. 10,668.55 Lakhs in Q1 FY26.
- Company approved a significant capacity expansion of 8500 TONS, representing approximately 30% of existing capacity, to be funded by Internal Accruals.
⚠️ Concerns
- Cost of materials consumed increased by 46.39% to Rs. 3,424.81 Lakhs in Q1 FY27 from Rs. 2,339.69 Lakhs in Q1 FY26.
- Power, Fuel and Water charges increased by 53.41% to Rs. 1,796.70 Lakhs in Q1 FY27 from Rs. 1,171.16 Lakhs in Q1 FY26.
📅 Company Track Record
Steelcast Ltd's Q1 FY27 profit rose 19.26% to Rs. 2,371.23 Lakhs, following the board meeting on July 29, 2026. This continues a trend where the company had also convened a board meeting on July 29, 2026, to consider Q1 FY27 results and an interim dividend.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Steelcast Ltd's Net Sales in Q1 FY27?
Steelcast Ltd reported Net Sales/Income from Operations of Rs. 12,481.97 Lakhs for the quarter ended June 30, 2026.
What was Steelcast Ltd's Net Profit for Q1 FY27?
The Net Profit for Steelcast Ltd for the quarter ended June 30, 2026, was Rs. 2,371.23 Lakhs.
What capacity expansion has Steelcast Ltd approved?
Steelcast Ltd approved setting up a Greenfield Foundry with a capacity of 8500 TONS, adding to the existing installed capacity of 29000 TONS.
What is the investment required for Steelcast Ltd's capacity expansion?
The investment required for the capacity expansion is approximately Rs. 1,200,000,000, to be funded by internal accruals.
What interim dividend did Steelcast Ltd declare for FY 2026-27?
Steelcast Ltd declared a First Interim Dividend for FY 2026-27 at Rs. 0.45 per equity share of Re. 1/- each (45%). The record date is August 7, 2026, with payment by August 28, 2026.
Questions based on this BSE filing only. For information purposes.