Maithan Alloys' Q2 FY 2025-26 Quarterly Results

Result Summary

• Maithan Alloys Ltd reported a 73.7% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 47.6%.
• Its expenses for the quarter were down by 18.2% QoQ and up 12.4% YoY.
• The net profit decreased 122.1% QoQ and decreased 183.4% YoY.
• The earnings per share (EPS) of Maithan Alloys Ltd declined at 41.55 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Maithan Alloys Ltd is primarily engaged in the manufacturing and sale of ferro alloys, which serve as essential inputs in the production of steel. Operating in the metals and materials industry, the company plays a critical role in supplying these alloys to steel manufacturers. Recently, there have been no significant publicly available developments about the company that can be detailed here. However, Maithan Alloys is known for its established presence in the market and has been focusing on optimizing its operational efficiencies to maintain its competitive edge, though no specific strategic initiatives have been disclosed.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), Maithan Alloys Ltd reported total income of ₹337.36 crores. This represents a significant decline of 73.7% when compared to the previous quarter (Q1FY26), where the total income was ₹1,281.17 crores. Comparing year-over-year, the total income has decreased by 47.6% from ₹643.42 crores in Q2FY25. This reduction in revenue both quarterly and annually is notable, although the underlying reasons are not specified in the provided data.

Profitability

In terms of profitability, Maithan Alloys Ltd experienced a considerable downturn in Q2FY26. The company reported a loss before tax of ₹141.23 crores, contrasting sharply with a profit before tax of ₹695.93 crores in Q1FY26, and a profit of ₹217.45 crores in Q2FY25. This represents a quarter-over-quarter decrease of 120.3% and a year-over-year decline of 164.9%. The tax component also reflected a negative change, with a tax credit of ₹22.21 crores in Q2FY26 compared to tax expenses of ₹158.03 crores in Q1FY26 and ₹74.75 crores in Q2FY25. Consequently, the profit after tax fell to a loss of ₹119.02 crores in Q2FY26, a significant decline from a profit of ₹537.90 crores in the previous quarter and ₹142.70 crores in the same quarter last year, representing changes of -122.1% QoQ and -183.4% YoY.

Operating Metrics

The earnings per share (EPS) for Q2FY26 was reported as negative ₹41.55, a stark contrast to the positive EPS of ₹184.17 in Q1FY26 and ₹49.41 in Q2FY25. This reflects a quarter-over-quarter decrease of 122.6% and a year-over-year decline of 184.1%. The total expenses for the quarter were ₹478.59 crores, which is a decrease of 18.2% from the expenses of ₹585.24 crores in the previous quarter but an increase of 12.4% from ₹425.97 crores in Q2FY25. These metrics indicate a significant shift in the company’s operational costs and earnings performance over the observed periods, although the specific causes are not detailed in the available data.