MSP Steel & Power Limited Announces Q1 Financial Results; Reports Net Profit of ₹2,197.53 Lakhs Consolidated
MSP Steel & Power Limited has released its Unaudited Standalone and Consolidated Financial Results for the First Quarter ended June 30, 2026. The results were reviewed by the Audit Committee and approved during a Board meeting held on July 31, 2026. Management also provided an update on fund utilization related to previously raised capital.The company confirmed that there was no default observed regarding Loans and Debt Securities for the quarter. MSP Steel & Power Limited reported key financial metrics across both standalone and consolidated results for the period ending June 30, 2026.
Q1 Financial Highlights (Standalone)
For the first three months ended June 30, 2026, the company recorded a Total Income of ₹82,907.18 Lakhs. This included Revenue from Operations of ₹82,651.65 Lakhs and Other Income of ₹255.53 Lakhs. The management reported that the net profit for the period stood at ₹2,196.52 Lakhs, translating to a Basic Earnings Per Share (EPS) of ₹0.39.Key financial figures for the standalone results are summarized below:
| Metric | Value (₹ in Lakhs) |
|---|---|
| Revenue from Operations | 82,651.65 |
| Total Income | 82,907.18 |
| Total Expenses | 79,924.85 |
| Profit before Tax | 2,982.33 |
| Net Profit for the Period | 2,196.52 |
| Basic EPS | 0.39 |
Consolidated Financial Performance
The consolidated results reflected a similar operational performance across the parent and its subsidiaries and joint venture. Total Income stood at ₹82,907.18 Lakhs for the quarter ended June 30, 2026. Net Profit/(Loss) for the period was recorded at ₹2,197.53 Lakhs, with a Basic EPS of ₹0.39.The consolidated financial data, including performance across all entities in the group, is detailed below:
| Metric | Value (₹ in Lakhs) |
|---|---|
| Revenue from Operations | 82,651.65 |
| Total Income | 82,907.18 |
| Total Expenses | 79,925.10 |
| Profit before Tax | 2,983.38 |
| Net Profit for the Period | 2,197.53 |
| Basic EPS | 0.39 |
Fund Utilization and Debt Status
Regarding the utilization of funds raised through Preferential Issue of Convertible Warrants on March 14, 2026, MSP Steel & Power Limited confirmed that there was no deviation or variation in the use of these funds for the quarter ended June 30, 2026. The company reported that ₹24,50,00,000 out of the upfront subscription money received has been utilized as of June 30, 2026, with a remaining unutilized amount of ₹0.Details concerning the utilization allocation across various items during the quarter are provided in the table below:
| Item Head | Amount Allocation (₹) | Amount Utilized at the End of Quarter (₹) | Total Unutilized Amount (₹) |
|---|---|---|---|
| Unsecured Debt Repayment | 75,00,00,000 | 1,50,00,000 | 73,50,00,000 |
| Payment per Restructuring Scheme | 18,50,00,000 | 18,50,00,000 | 0 |
| General Corporate Purpose (Modernization/Maintenance) | 4,50,00,000 | 4,50,00,000 | 0 |
The company previously allotted 28,00,000 convertible warrants of face value ₹10 at a price of ₹35 per warrant. These warrants are convertible into an equal number of equity shares upon receipt of the balance amount (₹26.25 per warrant) within the stipulated time. The Total Consideration receivable subject to 100% conversion stands at ₹98,00,00,000.
MSPL Stock Price Movement
Shares of MSP Steel & Power Limited slipped by 4.44% on Friday, settling at ₹34.31 after shedding ₹1.60 from the previous day's close. The stock traded within a range spanning from ₹34.25 to ₹36.60, with 2.43 million shares transacted during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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