Grand Foundry Limited Reports Strong Turnaround in Q1 FY27: Net Profit Soars to ₹2.11 Crore

Grand Foundry Limited, a leading manufacturer of bright steel bars and wire rods, has announced its unaudited financial results for the first quarter ended June 30, 2026 (Q1 FY27). Demonstrating a remarkable operational turnaround, the company reported a net profit of ₹2.11 crore, shifting into profitability compared to a net loss recorded in the corresponding period of the previous fiscal year (Q1 FY26).

Q1 FY27 Financial Highlights (YoY & Sequential)

Revenue from Operations: Surged dramatically to ₹19.65 crore (₹1,964.91 lakh) in Q1 FY27, growing 86.7% sequentially over ₹10.53 crore (₹1,052.56 lakh) reported in Q4 FY26.

Total Income: Stood at ₹19.68 crore (₹1,968.31 lakh) for the quarter, including ₹3.40 lakh in other income, compared to ₹10.53 crore in Q4 FY26.

EBITDA: Expanded to ₹2.25 crore (₹224.63 lakh), up from negative EBITDA in Q1 FY26 and ₹1.08 crore in Q4 FY26.

Profit Before Tax (PBT): Climbed to ₹2.11 crore (₹211.08 lakh), reversing a PBT loss of ₹14.69 lakh in Q1 FY26 and marking a 137.9% sequential growth compared to ₹88.74 lakh in Q4 FY26.

Profit After Tax (PAT): Came in at ₹2.11 crore (₹211.08 lakh) as no tax expenses were provisioned for the quarter, compared to a net loss of ₹14.69 lakh in Q1 FY26 and a PAT of ₹88.74 lakh in Q4 FY26.

Earnings Per Share (EPS): Basic and diluted EPS improved to ₹0.69 per share (face value ₹4 each), compared to negative ₹0.05 in Q1 FY26 and ₹0.29 in Q4 FY26.

Expenditure Overview

Total expenses for Q1 FY27 stood at ₹17.44 crore (₹1,743.68 lakh), compared to ₹9.45 crore in Q4 FY26.

Key cost components for the quarter included:

Cost of Sales & Services: ₹19.52 crore (₹1,951.99 lakh).

Changes in Inventories: Credit of ₹2.34 crore (₹233.60 lakh) due to inventory accumulation.

Employee Benefit Expenses: ₹3.34 lakh, down from ₹7.75 lakh in Q4 FY26.

Finance Costs: Nil for the quarter.

Depreciation & Amortisation Expense: ₹13.55 lakh, compared to ₹19.09 lakh in Q4 FY26.

Other Expenses: ₹21.95 lakh, compared to ₹21.51 lakh in Q4 FY26.

Capital Structure & Comprehensive Income

Total Comprehensive Income for Q1 FY27 stood at ₹2.11 crore (₹211.08 lakh).

As of June 30, 2026, Grand Foundry Limited's paid-up equity share capital remained unchanged at ₹12.17 crore (₹1,217.20 lakh) consisting of equity shares with a face value of ₹4 each.

Source : Equity Bulls

Keywords

GrandFoundry Q1FY27 Q1FY2027 ResultUpdate