Rajputana Stainless Reports 79% Rise in Q2 FY27 Net Profit, Revenue Grows 33%
The stainless steel manufacturer records revenue from operations of ₹359.81 crore and net profit of ₹23.70 crore for Q2 FY27, while half-year net profit increases 79.85% year on year. Rajputana Stainless Limited has reported a 79.26% year-on-year increase in net profit to ₹23.70 crore for the second quarter of FY27, compared with ₹13.22 crore in the corresponding quarter of the previous financial year. Revenue from operations rose 33.28% to ₹359.81 crore from ₹269.96 crore in Q2 FY26.
The company’s total income for the quarter stood at ₹361.92 crore, registering a 33.63% increase from ₹270.84 crore in the year-ago period. Profit before tax (PBT) increased 82.96% to ₹31.89 crore, compared with ₹17.43 crore in Q2 FY26. On a sequential basis, revenue from operations grew 17.38% from ₹306.54 crore in Q1 FY27, while net profit increased 17.33% from ₹20.20 crore. Earnings per share (EPS) stood at ₹2.84 for the quarter, compared with ₹1.92 in Q2 FY26 and ₹2.42 in Q1 FY27.
H1 FY27 Performance
For the six months ended September 30, 2026, Rajputana Stainless reported revenue from operations of ₹666.35 crore, marking a 32.86% increase from ₹501.53 crore in H1 FY26. Net profit for the first half of FY27 reached ₹43.90 crore, up 79.85% from ₹24.41 crore in the corresponding period last year. Profit before tax also recorded significant growth, increasing 82.97% to ₹59.13 crore from ₹32.32 crore in H1 FY26.
EPS for the six-month period stood at ₹5.25, compared with ₹3.54 in H1 FY26.
Previous Financial Performance and IPO Fund Utilisation
Rajputana Stainless entered FY27 following a positive FY26 performance. The company reported annual revenue of ₹1,010.86 crore, compared with ₹937.49 crore in FY25, representing a growth of 7.83%. Net profit increased 25.02% to ₹49.82 crore from ₹39.85 crore in the previous financial year.
The company’s IPO fund utilisation was also outlined in its monitoring agency report. Of the ₹178.73 crore raised through the fresh issue, ₹157.40 crore had been utilised as of September 30, 2026, leaving ₹21.33 crore unutilised.
The report also identified a delay in capital expenditure allocated for forward integration. Against the ₹18.57 crore earmarked for manufacturing facility expansion, no amount had been utilised as of September 30, 2026. The planned allocation comprised ₹5.57 crore in FY26 and ₹13 crore in FY27.
Focus on Growth and Operational Excellence
Following the Q2 FY27 results, Rajputana Stainless reiterated its focus on operational excellence, profitable growth and strengthening its business for the future.
With revenue and profitability registering year-on-year growth in Q2 FY27 and H1 FY27, the company’s latest financial performance marks another period of growth in its ongoing business operations.
