Vraj Iron and Steel Announces Quarterly Results and Approves Key Director Reappointments
Vraj Iron and Steel Limited, formerly known as VRAJ IRON AND STEEL PVT. LTD. & PHIL ISPAT PRIVATE LIMITED, announced the approval of its financial results for the quarter ended June 30, 2026. The company also confirmed key governance actions following a Board meeting held on August 12, 2026.The Board approved the unaudited standalone and consolidated financial results for the period. These results have been subjected to limited review by statutory auditors on the standalone statements.
Quarterly Financial Performance (Standalone)
For the quarter ended June 30, 2026, Vraj Iron and Steel reported a stable performance across key operational metrics. The company’s revenue from operations stood at 1,938.29 million. Total income for the quarter was 1,954.11 million.Key financial figures under the standalone results are detailed below:
| Financial Metric | Qtr Ended Jun 30, 2026 (Unaudited) | Qtr Ended Mar 31, 2026 (Audited) | Qtr Ended Jun 30, 2025 (Unaudited) | Year Ended Mar 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 1,938.29 | 1,702.08 | 1,383.08 | 5,879.24 |
| Total Income | 1,954.11 | 1,726.61 | 1,403.39 | 5,966.01 |
| Total Expenses | 1,824.08 | 1,530.95 | 1,305.45 | 5,561.91 |
| Profit before Tax (PBT) | 130.09 | 195.76 | 97.92 | 404.10 |
| Profit after Tax (PAT) | 97.34 | 140.23 | 73.26 | 295.27 |
The earnings per share for the quarter ended June 30, 2026, stood at 2.95 on a diluted basis.
Consolidated Financial Overview (Q2 FY26)
The consolidated results reflected performance in line with the standalone figures, demonstrating stability across operations. Revenue from Operations was reported at 1,938.29 million. Total income amounted to 1,954.71 million. The company recorded a Profit after Tax (PAT) of 115.12 million for the quarter, resulting in basic earnings per share of 3.49.Governance and Board Decisions
The company's Board of Directors held a meeting to review the results and discuss corporate governance matters. Key decisions made at the meeting included:- Annual General Meeting (AGM): The 22nd Annual General Meeting was approved and is scheduled for Saturday, September 12, 2026.
- Director Reappointment: Mr. Prasant Kumar Mohta, who retires by rotation, was approved for reappointment as a director.
- Whole-Time Director Proposal: A proposal to reappoint Mr. Praveen Somani as a Whole-Time Director was approved, subject to ratification by the shareholders at the AGM scheduled for September 12, 2026. This potential appointment would be for a period of five years, commencing on September 07, 2026.
The company confirmed that both Mr. Prasant Kumar Mohta and Mr. Praveen Somani are not related to any other Directors/KMP's of the Company.
VRAJ Stock Price Movement
On Wednesday, shares of Vraj Iron and Steel Limited slipped 2.09%, settling at ₹123.34. The stock saw a trading volume of 19,611 shares through the close.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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