Bajaj Steel Industries (BAJAJST) Q1 25/26 earnings summary

Executive summary

• Achieved stable operational and financial growth in Q1FY26, with capacity expansion in the Infrastructure Division and incorporation of two subsidiaries in Brazil to boost international revenues.

• Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2025, and appointed a new independent director for a two-year term effective July 23, 2025.

Financial highlights

• Q1FY26 consolidated revenue from operations was ₹10,753.05 lakhs, down from ₹14,101.30 lakhs in Q1 FY25, with the prior year including a one-time exceptional dividend income.

• Q1FY26 consolidated net profit after tax was ₹739.92 lakhs, compared to ₹3,515.98 lakhs in Q1 FY25, reflecting the absence of exceptional income.

• Q1FY26 standalone revenue from operations was ₹9,295.37 lakhs, down from ₹11,525.79 lakhs in Q1 FY25.

• Q1FY26 standalone net profit after tax was ₹497.96 lakhs, compared to ₹2,918.84 lakhs in Q1 FY25.

• FY25 revenue at Rs 585 Cr, 10% CAGR over three years; FY25 PAT at Rs 84 Cr, up 32% year-over-year.

Outlook and guidance

• Infrastructure Division capacity expansion expected to triple segment revenue in 2-3 years.

• Planned capex of Rs 300-350 Cr over 2-3 years, with major investments in Infrastructure, Heavy Engineering, and Electrical Panels.

• The company continues to focus on its core segment of multiple engineering products and maintains compliance with Indian Accounting Standards.