Zenith Steel Pipes & Industries' Q1 FY 2025-26 Quarterly Results

Result Summary

• Zenith Steel Pipes & Industries Ltd reported a 46.5% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 16.1%.
• Its expenses for the quarter were down by 34.9% QoQ and 24.1% YoY.
• The net profit decreased 90.3% QoQ and decreased 150.0% YoY.
• The earnings per share (EPS) of Zenith Steel Pipes & Industries Ltd stood at 0.1 during Q1 FY 2025-26.

Financial Statments for Q1 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

Zenith Steel Pipes & Industries Ltd is a company primarily engaged in the manufacturing of steel pipes. The company operates within the steel manufacturing industry, which is characterized by its cyclical nature, largely influenced by economic conditions, demand in construction, oil and gas exploration, and other industrial sectors. Recent developments in the industry have seen fluctuations in raw material prices and demand due to various global economic factors. However, specific recent major developments for Zenith Steel Pipes & Industries Ltd are not available in the provided information.

Revenue

For the quarter ending Q1FY26, Zenith Steel Pipes & Industries Ltd reported a total income of ₹25.45 crores, marking a significant decrease of 46.5% from the previous quarter (Q4FY25) which stood at ₹47.61 crores. Year-over-year, the company also experienced a decline in total income by 16.1% from ₹30.35 crores in Q1FY25. This drop in revenue suggests notable changes in the company’s sales or other income streams over both the quarter and the year.

Profitability

During Q1FY26, Zenith Steel Pipes & Industries Ltd achieved a profit before tax of ₹0.98 crores, which is a substantial decline of 90.2% from the ₹9.98 crores reported in Q4FY25. Year-over-year, this represents a positive turnaround from a loss of ₹1.90 crores in Q1FY25. The profit after tax for Q1FY26 was ₹0.96 crores, compared to ₹9.89 crores in Q4FY25, a decline of 90.3% on a quarterly basis. However, it marks a recovery from a loss of ₹1.92 crores in Q1FY25. Earnings per share for Q1FY26 were ₹0.10, down from ₹0.70 in Q4FY25 but an improvement from a negative ₹0.10 in Q1FY25.

Operating Metrics

The company's total expenses for Q1FY26 were ₹24.48 crores, reflecting a decrease of 34.9% from the previous quarter's ₹37.63 crores and a reduction of 24.1% from ₹32.25 crores in Q1FY25. This indicates a reduction in operational costs or changes in cost management strategies over both the quarter and the year. No tax expenses are reported for the periods reviewed, which might imply tax exemptions or offsets. The financial data presented does not include other operating metrics or ratios such as P/E ratio, debt-to-equity ratio, or current ratio, which are essential for a deeper understanding of the company's financial health and operational efficiency.