Rathi Steel And Power Reports Strong Q1 FY27 Results; Sales Volume Grows 30% While Revenue Exceeds ₹193 Cr

Rathi Steel And Power Reports Strong Q1 FY27 Results; Sales Volume Grows 30% While Revenue Exceeds ₹193 Cr​

Rathi Steel And Power Limited (RSPL), a prominent player in the stainless steel long products and TMT bars sector, has reported robust operational performance for the first quarter ended June 30, 2026. The company recorded significant growth in both sales volume and revenue during the period.

The Company posted total sales volumes of 28,372 MT in Q1 FY27, marking a substantial year-on-year increase compared to the 21,864 MT recorded in Q1 FY26. Revenue for the quarter surpassed ₹193 Cr, reflecting a growth rate exceeding 24% over the corresponding quarter of the previous financial year.

The company attributed its performance to its diversified product portfolio, which encompasses Stainless Steel (S.S.) products and MS TMT rebars. This balanced approach allowed RSPL to strengthen both volumes and turnover despite navigating challenging market conditions.

TMT Rebar Segment Contributes to Volume Surge​

A key driver of the Company's operational strength was the TMT rebar segment. Sales volumes in this particular segment more than doubled, rising from 8,295 MT during the previous financial year’s corresponding quarter to 18,677 MT in Q1 FY27. This robust growth in TMT rebar sales enhanced the overall product mix flexibility for RSPL.

Despite an operating environment characterized by volatile energy costs and adverse geopolitical conditions, the company delivered resilient performance. Management highlighted that focusing on optimizing the product mix and expanding its market footprint helped mitigate the impact of rising energy costs and softer demand witnessed in certain sectors.

Looking ahead, Rathi Steel And Power Limited remains focused on capitalizing on emerging opportunities through its diversified capabilities, while maintaining a disciplined approach to cost management within the evolving global operating environment.

Company Profile and Financial Standing​

Rathi Steel And Power Limited (RSPL), established in 1971 and headquartered in Ghaziabad, Uttar Pradesh, is a leading manufacturer of mild steel and stainless steel products. The company operates a modern integrated facility spanning approximately 12.5 acres in the NCR region. RSPL possesses a steel melting capacity of about 85,000 tonnes per annum and a rolling capacity of 2,00,000 tonnes per annum.

RSPL's product lines include stainless steel wire rods, billets, and MS TMT bars. It is noted as India's only stainless-steel wire rod manufacturer utilizing direct billet charging technology, which ensures superior energy efficiency and lower carbon emissions. The company has a strong retail presence supported by dealer outlets across various northern states.

In FY26, RSPL reported the following financial metrics:


RSPL has maintained a robust financial position, focusing on cost efficiency and technology upgrades through open access power purchase, in addition to expanding its 550D TMT bar segment, which holds evolving demand from major real estate developers.

Stock Price Movement​

At the close on Thursday, Rathi Steel & Power Ltd. settled at ₹20.86, edging higher by 1.16%. The shares swung across their intraday range, trading between a low of ₹20.02 and a high of ₹20.99.