Iron & Steel Products company Electrotherm (India) announced Q1FY27 results Consolidated Financial Highlights: Total Income: The company reported a total income of Rs 914.89 crore in Q1FY27, representing a YoY increase of 9.59% from Rs 834.82 crore in Q1FY26. On a QoQ basis, total income decreased by 19.92% from Rs 1,142.51 crore in Q4FY26. Revenue from Operations: Revenue for Q1FY27 stood at Rs 913.38 crore, reflecting a YoY growth of 9.51% compared to Rs 834.05 crore in Q1FY26 and a QoQ decline of 19.88% from Rs 1,139.99 crore in Q4FY26. Profit Before Tax (PBT): PBT for Q1FY27 was Rs 8.81 crore, showing a significant YoY decrease of 73.90% from Rs 33.76 crore in Q1FY26 and a QoQ decrease of 50.62% from Rs 17.85 crore (after exceptional items) in Q4FY26. Net Profit: The company earned a net profit of Rs 6.93 crore in Q1FY27, down 75.03% YoY from Rs 27.75 crore in Q1FY26. It also decreased by 49.16% QoQ compared to Rs 13.63 crore in Q4FY26. Total Comprehensive Income: Total comprehensive income for Q1FY27 was Rs 7.07 crore, compared to Rs 27.05 crore in Q1FY26 and Rs 16.26 crore in Q4FY26. Earnings Per Share (EPS): Basic and Diluted EPS for the quarter was Rs 5.44, compared to Rs 21.78 in Q1FY26 and Rs 10.70 in Q4FY26. Full Year Performance: For the full year FY26, the company reported a consolidated total income of Rs 3,697.12 crore and a net loss of Rs 15.66 crore. Standalone Financial Highlights: Total Income: Standalone total income for Q1FY27 was Rs 914.88 crore, a YoY increase of 9.59% from Rs 834.82 crore in Q1FY26 and a QoQ decrease of 19.88% from Rs 1,141.96 crore in Q4FY26. Net Profit: The company reported a standalone net profit of Rs 6.86 crore in Q1FY27, as against Rs 27.67 crore in Q1FY26 (down 75.21% YoY) and Rs 13.36 crore in Q4FY26 (down 48.65% QoQ). Total Comprehensive Income: Standalone total comprehensive income reached Rs 7.00 crore in Q1FY27, compared to Rs 26.97 crore in Q1FY26 and Rs 15.99 crore in Q4FY26. Business Highlights Segment Performance (Consolidated Revenue): Special Steel Division: This segment contributed the highest revenue of Rs 624.66 crore in Q1FY27, showing a growth from Rs 610.34 crore in Q1FY26. Engineering & Technologies Division: Revenue for this segment was Rs 288.25 crore in Q1FY27, up from Rs 219.64 crore in Q1FY26. Electric Vehicle Division: Revenue was reported at Rs 7.71 crore in Q1FY27, a slight increase from Rs 7.29 crore in Q1FY26. Segment Results (Profit/Loss before Finance Cost and Tax): Engineering & Technologies Division: Achieved a profit of Rs 22.64 crore. Special Steel Division: Recorded a loss of Rs 8.08 crore. Electric Vehicle Division: Recorded a loss of Rs 1.80 crore. Auditor Qualification: The Statutory Auditor has expressed a qualification regarding the non-provision of interest on a loan assigned to Rare Asset Reconstruction Limited. This resulted in the net profit for Q1FY27 being overstated by approximately Rs 40.46 crore and the total liability being understated by Rs 1,106.59 crore. Legal and Regulatory Matters: The company and its promoters are facing an investigation by the Directorate of Enforcement (ED). Certain bank accounts remain frozen, though the company has permission to operate some accounts for business under specific conditions. Debt and Liquidity: The company defaulted on loan installments totaling Rs 40.00 crore and interest of Rs 6.46 crore due to Invent ARC. It is currently in negotiations for rescheduling. Additionally, a request for an extension for a Rs 15.79 crore installment is under consideration by Edelweiss ARC. Going Concern Issues: Material uncertainties regarding going concern exist for two subsidiaries (Hans Ispat Limited and Shree Ram Electro Cast Limited) and one joint venture (Bhaskarpara Coal Company Limited) due to asset auctions and de-allocation of coal blocks by regulatory authorities. Corporate Actions: The Board approved the allotment of 1,09,50,000 6% Non-Cumulative Redeemable Preference Shares of Rs 10 each to existing shareholders in lieu of deemed redemption of earlier unredeemed preference shares. Result PDF