Steelco Gujarat FY26: Revenue jumps more than 13-fold to ₹585.3 crore, net loss widens
AI Market Summary
Steelco Gujarat's FY26 revenue surged over 13x to ₹58.529bn as production resumed, but net losses widened to ₹37.272bn. High leverage remains a key overhang, with finance costs near 26% of revenue and a debt‑equity ratio around 83x. Recent debt issuance and post‑year equity raising improve near‑term liquidity but underscore balance‑sheet stress, limiting broader market spillover.
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Steelco Gujarat reported a sharp turnaround in top-line performance in FY26 as production resumed, with revenue surging more than 13 times year-on-year to ₹585.29 crore. The company's net loss, however, widened to ₹372.72 crore from ₹205.38 crore a year earlier.
Finance costs remained heavy, amounting to about 26% of total revenue, while the debt-to-equity ratio stood at 83.47x. To support working capital needs, the company issued ₹140 crore of secured, privately placed bonds in January 2026. After the close of the fiscal year, it also raised around ₹149 crore through a preferential allotment.
