MSP Steel & Power's Q2 FY 2025-26 Quarterly Results

Result Summary

• MSP Steel & Power Ltd reported a 4.7% 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 growth of 3.3%.
• Its expenses for the quarter were down by 1.8% QoQ and up 1.9% YoY.
• The net profit decreased 519.1% QoQ and increased 684.5% YoY.
• The earnings per share (EPS) of MSP Steel & Power Ltd declined at 1.32 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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

Company Overview

MSP Steel & Power Ltd is a prominent player in the steel and power sector, primarily engaged in the production and distribution of steel products. The company operates within the broader industrial manufacturing industry, focusing on products such as sponge iron, billets, TMT bars, and structural products. As a part of the power generation sector, MSP Steel & Power Ltd is involved in producing electricity, likely for both internal consumption and external distribution. While there is no specific information provided about recent major developments for the company, MSP Steel & Power Ltd operates in a competitive market environment that demands efficiency and innovation.

Revenue

The financial performance of MSP Steel & Power Ltd for Q2FY26 shows a total income of ₹678.03 crores. This reflects a quarter-over-quarter (QoQ) decline of 4.7% compared to Q1FY26, where the total income was ₹711.40 crores. On a year-over-year (YoY) basis, there is an increase of 3.3% from Q2FY25, when the total income stood at ₹656.45 crores. These variations in revenue indicate the fluctuations that the company faces over different fiscal periods. The patterns observed in these revenue figures are indicative of the company's operational scale and market conditions during the respective quarters.

Profitability

For Q2FY26, MSP Steel & Power Ltd reported a profit before tax of -₹100.50 crores, marking a significant shift from Q1FY26, where the company recorded a profit of ₹21.53 crores. This translates to a QoQ change of -566.8%. Compared to the previous year, Q2FY25, where the profit before tax was -₹8.45 crores, the YoY change is 1089.3%. The tax component in Q2FY26 is -₹25.73 crores, contrasting with the positive tax amount in Q1FY26 and Q2FY25, which were ₹3.69 crores and ₹1.08 crores, respectively. Consequently, the profit after tax for Q2FY26 is -₹74.76 crores, compared to ₹17.84 crores in Q1FY26 and -₹9.53 crores in Q2FY25, with corresponding QoQ and YoY changes of -519.1% and 684.5%. Earnings per Share (EPS) also reflect these trends with a value of -₹1.32 in Q2FY26, compared to ₹0.30 in Q1FY26 and -₹0.25 in Q2FY25.

Operating Metrics

The total expenses for MSP Steel & Power Ltd in Q2FY26 amounted to ₹677.65 crores, a reduction from ₹689.88 crores in Q1FY26, accounting for a QoQ decrease of 1.8%. When compared to the same quarter in the previous year, Q2FY25, where expenses were ₹664.91 crores, there is a YoY increase of 1.9%. These figures indicate the company's cost management and operational expenditure over the analyzed periods. The changes in these expenses could be reflective of variations in production volumes, input costs, or operational efficiencies. The interplay between income, expenses, and profitability metrics provides a comprehensive view of the company's financial operations for the quarter.