Zenith Steel Pipes & Industries Ltd-$
Zenith Steel Pipes: Q2 FY27 Standalone Net Profit Rs. 33.12 Lakhs
RESULTS
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MEDIUM RISK
📅 Filed on BSE: 05 Nov 2026, 12:14 AM IST · BSE ID: 973a1b6a-92a6-4f75-8f61-aa045ae86265
View Original BSE Filing (PDF)
💡
In Simple Terms
Zenith Steel Pipes reported a quarterly profit of Rs. 33.12 Lakhs, with sales of Rs. 706.75 Lakhs.
🤖 AI Summary
- Standalone net profit for Q2 FY27 was Rs. 33.12 Lakhs, compared to Rs. 26.94 Lakhs in Q2 FY26.
- Revenue from operations for Q2 FY27 totaled Rs. 706.75 Lakhs, compared to Rs. 1,157.91 Lakhs in Q2 FY26.
- Total income for the quarter ended September 30, 2026, was Rs. 873.08 Lakhs.
- The company has made a provision of Rs. 40.99 Lakhs for unconfirmed, non-operating bank accounts.
- A SEBI penalty of Rs. 25.00 Lakhs, reduced from Rs. 1000.00 Lakhs, remains unpaid and is subject to a Supreme Court appeal.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Revenue From Operations (Q2 FY27)
706.75 Lakhs
Profit/(Loss) for the period (Q2 FY27)
33.12 Lakhs
Total Income (Q2 FY27)
873.08 Lakhs
Other Income (Q2 FY27)
166.33 Lakhs
EPS Basic and Diluted (Continuing and Discontinuing Operations) (Q2 FY27)
0.02
Total Assets (As at 30th Sept 2026)
15,052.26 Lakhs
Total Equity (As at 30th Sept 2026)
(24,669.68) Lakhs
🏢 How This Affects the Company
Revenue from operations decreased in Q2 FY27 compared to Q2 FY26. The company faces ongoing legal proceedings regarding a SEBI penalty.
Net profit increased to Rs. 33.12 Lakhs in Q2 FY27 from Rs. 26.94 Lakhs in Q2 FY26. Total income for the quarter decreased to Rs. 873.08 Lakhs from Rs. 1,497.56 Lakhs.
The company is in the process of initiating formal closure for dormant bank accounts, for which a provision of Rs. 40.99 Lakhs has been made.
The pending Civil Appeal by SEBI before the Hon’ble Supreme Court regarding the reduced penalty of Rs. 25.00 Lakhs introduces regulatory uncertainty.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this financial results filing.
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Who Is Affected
Shareholders are affected by the company's financial performance, including the net profit of Rs. 33.12 Lakhs and revenue of Rs. 706.75 Lakhs for Q2 FY27. The ongoing legal dispute with SEBI introduces potential future financial implications.
🔍
Management Signal
Management's decision to make a provision for dormant bank accounts signals a cautious approach to financial reporting, while the continued monitoring of the SEBI legal challenge reflects an active defense of company interests.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Q3 FY27 financial results — check for sustained profit growth and revenue trends.
Updates on the SEBI Civil Appeal before the Hon’ble Supreme Court.
Progress on formal closure and reconciliation of dormant bank accounts.
MEDIUM RISK
Regulatory uncertainty due to ongoing SEBI appeal and operational issues with dormant bank accounts.
💡 Investor Takeaway
Zenith Steel Pipes & Industries Ltd. reported standalone net profit of Rs. 33.12 Lakhs for Q2 FY27, an increase from Rs. 26.94 Lakhs in Q2 FY26. Revenue from operations for the quarter was Rs. 706.75 Lakhs. The company also disclosed a Rs. 40.99 Lakhs provision for non-operating bank accounts and an unpaid, contested SEBI penalty of Rs. 25.00 Lakhs.
⚖️ Strengths & Concerns
✅ Positives
- Standalone Profit for the Period increased to Rs. 33.12 Lakhs in Q2 FY27, from Rs. 26.94 Lakhs in Q2 FY26.
- Other Equity improved to (38,897.72) Lakhs as of 30th September 2026, from (38,957.34) Lakhs as of 31st March 2026.
⚠️ Concerns
- Revenue From Operations decreased to Rs. 706.75 Lakhs in Q2 FY27, from Rs. 1,157.91 Lakhs in Q2 FY26.
- Cash and Cash Equivalents decreased to Rs. 69.22 Lakhs as of 30th September 2026, from Rs. 72.38 Lakhs as of 31st March 2026.
📅 Company Track Record
No previous filings context is available for Zenith Steel Pipes & Industries Ltd. to provide historical performance trends. The company's compliance history includes a SEBI debarment order in 2021, later partially allowed by SAT in 2023, reducing the penalty to Rs. 25.00 Lakhs. The SEBI matter is currently under appeal in the Supreme Court.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Zenith Steel Pipes & Industries Ltd.'s standalone net profit in Q2 FY27?
Zenith Steel Pipes & Industries Ltd. reported a standalone net profit of Rs. 33.12 Lakhs for the quarter ended September 30, 2026 (Q2 FY27).
What was the revenue from operations for Zenith Steel Pipes in Q2 FY27?
The revenue from operations for Zenith Steel Pipes & Industries Ltd. in Q2 FY27 was Rs. 706.75 Lakhs.
What is the status of the SEBI penalty for Zenith Steel Pipes & Industries Ltd.?
A SEBI penalty of Rs. 25.00 Lakhs for Zenith Steel Pipes & Industries Ltd. remains unpaid, and SEBI has filed a Civil Appeal against the SAT ruling before the Hon’ble Supreme Court of India.
What provision has Zenith Steel Pipes & Industries Ltd. made for bank accounts?
Zenith Steel Pipes & Industries Ltd. has made a provision of Rs. 40.99 Lakhs for aggregate amounts lying in certain non-operating and frozen current bank accounts.
Questions based on this BSE filing only. For information purposes.