WELCAST STEELS LTD. Q4 FY26 Results

Summary

Welcast Steels Limited concluded a challenging fiscal year 2026, reporting a substantial 41.92% year-on-year drop in revenue from operations to ₹4,897.35 lakhs. The company's net loss widened significantly for FY26, reaching ₹(530.22) lakhs, compared to a loss of ₹(33.74) lakhs in the prior year. While the fourth quarter of FY26 showed a positive Profit After Tax of ₹138.09 lakhs, quarterly revenue from operations also saw a steep 85.97% decline year-on-year. A pivotal event was the permanent closure of the Bengaluru plant in December 2025, with no intentions to restart operations, and the Board of Directors did not recommend a dividend for FY2025-26.

Key Highlights

1. 1

   Welcast Steels Limited experienced a significant decline in full-year FY26 revenue from operations, which fell by 41.92% to ₹4,897.35 lakhs from ₹8,450.30 lakhs in FY25.

2. 2

   The company's net loss widened substantially for FY26, with Profit/Loss for the period (PAT) recorded at ₹(530.22) lakhs, a notable increase from the ₹(33.74) lakhs loss in FY25.

3. 3

   For the fourth quarter ended March 31, 2026, revenue from operations sharply decreased by 85.97% year-on-year to ₹291.81 lakhs, compared to ₹2,080.76 lakhs in Q4 FY25 (based on the re-interpreted financial table column).

4. 4

   Despite the revenue decline, Q4 FY26 profitability improved, with Profit/Loss for the period (PAT) turning positive at ₹138.09 lakhs, a significant recovery from ₹18.86 lakhs in Q4 FY25 (based on the re-interpreted financial table column).

5. 5

   Basic Earnings Per Share (EPS) for FY26 deteriorated to ₹(83.09) from ₹(5.29) in the previous fiscal year.

6. 6

   The Board of Directors has not recommended any dividend for the Financial Year 2025-26.

7. 7

   A major business development was the formal shutdown of the company's only plant in Bengaluru on December 15, 2025, with no current plans to recommence operations in the foreseeable future.