Steelcast Q1 FY27: standalone PAT +19% YoY to ₹23.7 Cr, revenue +17%, margins steady

Steelcast's standalone revenue grew 17.0% YoY to ₹124.82 Cr (₹106.69 Cr a year ago) and 11.0% QoQ (₹112.43 Cr in Q4 FY26), while PAT rose 19.3% YoY to ₹23.71 Cr (₹19.88 Cr) and 2.3% QoQ (₹23.18 Cr), with EPS at ₹2.34 versus ₹1.96 a year earlier. There were no exceptional items in either the current or comparative quarters, so reported and adjusted growth are identical. Operating margin held near 25.6% (25.9% in Q4 FY26, 25.6% a year ago) and net margin was roughly 19.0% (19.7% QoQ, 18.2% YoY) — both essentially flat sequentially and year-on-year, sitting inside management's guided 25-26% EBITDA band from the June 2026 concall.

Against that prior guidance — over 20% FY27 revenue growth, EBITDA margins sustained at 25-26%, PAT above ₹100 Cr for the year, and capacity decisions finalized by July 2026 — this quarter is a broadly on-track start: margins landed exactly where management said they would, and the Board used this very meeting to approve a Greenfield Foundry expansion (8,500 tonnes added to the existing 29,000-tonne base, ₹120 Cr funded via internal accruals, to be completed by FY28) — delivering the capacity-expansion decision precisely on the promised July 2026 timeline, with current utilization at 63% and a target of 90% by FY29. Revenue growth of 17% YoY, however, trails the >20% full-year target, so the pace needs to build through the remaining nine months to hit guidance; the ₹23.71 Cr PAT run-rate similarly needs to sustain through the year to clear the ₹100 Cr FY27 mark. No management press release accompanies this filing, and a web search turned up no analyst/street estimates for this quarter, so vsStreet is unknown. Alongside results, the Board also declared a first interim dividend of ₹0.45/share (45% of face value) for FY27, record date August 7, 2026.

The stock went into the print at ₹305.45, up 0.6% over the past month of trading.

For context: this is the second-highest quarterly PAT of the last 6 quarters; revenue is at a 6-quarter high.

No exceptional items in current or comparative quarters — single-segment (Casting Business) standalone entity with no subsidiaries