MSP Steel & Power Ltd

MSP Steel and Alloys Limited announced a scheme of arrangement for the demerger of its manufacturing business into the company. The demerger will result in the allotment of 5 fully paid equity shares of MSP Steel for every 1 equity share held in MSP Steel and Alloys. The rationale includes optimizing skills and knowledge, achieving cost efficiencies, enhancing revenue potential, and streamlining cash flow management. The shareholding pattern will change, with promoters holding 59.52% and public shareholders holding 40.48% post-demerger. MSP Steel has also appointed S. K. Agrawal & Co, Chartered Accountants LLP as the internal auditor and Mr. Sambhu Banerjee as the cost auditor.

MSP Steel and Alloys Limited announced a scheme of arrangement for the demerger of its manufacturing business into the company. The demerger will result in the allotment of 5 fully paid equity shares of MSP Steel for every 1 equity share held in MSP Steel and Alloys. The rationale includes optimizing skills, cash flow profiles, and operational requirements, achieving cost efficiencies, enhancing revenue potential, and increasing flexibility for both companies. Shareholders of MSP Steel and Alloys will receive shares of MSP Steel, and the shareholding pattern will change accordingly, with promoters holding 59.52% and public shareholders holding 40.48% post-demerger. The company has also appointed S. K. Agrawal & Co, Chartered Accountants LLP, as the Internal Auditor and Mr. Sambhu Banerjee as the Cost Auditor.

MSP Steel & Power Ltd share price slipped 4.69% to Rs 34.38 after the company's net profit plunged by 74.20% to Rs 21.98 crore, while revenue from operations improved marginally 1.25% to Rs 826.52 crore in Q2FY26 over Q1FY26. The market capitalization of Iron & Steel Products industry group stocks on BSE stood at Rs 3.17 lakh crore, easing 7.04%. It has marginally improved by 1.43% over last one week and crept higher by 3.02% in last one month while the market capitalization of MSP Steel & Power Ltd has slipped by 2.85% and 3.15% in the same period respectively. Profit before tax (PBT) of MSP Steel & Power Ltd stood at Rs 29.83 crore in Q2 FY26, expanding by 38.55% year-on-year, and tumbling by 37.87% quarter-on-quarter. EBITDA came in at Rs 50 crore, improving 12.71% YoY and crashing by 34.40% sequentially. Total expenses posted a minor rise of 4.71% to Rs 788.3 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 649.68 crore, inching up 6.11% YoY, while employee benefits expense was at Rs 23.26 crore, ticking higher by 3.93% YoY. For the TTM ended FY26, revenue from operations posted a slight growth of 1.09% to Rs 2905.25 crore, while net profit witnessed a sharp fall of 297.63% to Rs 28.36 crore, compared to previous TTM. EBITDA jumped by 8430% to Rs 130.27 crore, and PBT tumbled by 87.63% to Rs 2.56 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 189.28 crore in FY26, as against Rs 170.39 crore in FY25. MSP Steel & Power Ltd jumped 14.58% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 4.36% during the same period.

MSP Steel & Power will hold a meeting of the Board of Directors of the Company on 31 July 2026.

MSP Steel & Power announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 14 July 2026.

Under the agreement, MSP Steel & Power will procure power from a 10 MWp (DC) contracted solar capacity at a tariff of Rs 3.17 per unit for a period of 25 years from the date of execution of the PPA. As part of the arrangement, the company will acquire a 26% equity stake in Elevate Solar Energy, corresponding to its contracted energy requirement, subject to the terms and conditions of a shareholders' agreement that will be executed at a later date. Elevate Solar Energy is developing a solar power project in Chhattisgarh's Baloda Bazar district with an installed capacity of 70 MWp (DC) / 50 MW (AC). MSP Steel & Power is engaged in manufacturing and trading of sale of iron and steel products, generation of power, manufacturing and sale of cement clinker products and trading of industrial gases. The company reported consolidated net profit of Rs 85.19 crore in Q4 FY26 compared with net loss of Rs 33.82 crore in Q4 FY25. Revenue from operations increased 7.4% YoY to Rs 816.31 crore in Q4 FY26.Powered by Capital Market - Live

MSP Steel & Power will hold a meeting of the Board of Directors of the Company on 19 June 2026.

Net profit of MSP Steel & Power reported to Rs 85.20 crore in the quarter ended March 2026 as against net loss of Rs 33.83 crore during the previous quarter ended March 2025. Sales rose 7.40% to Rs 816.32 crore in the quarter ended March 2026 as against Rs 760.07 crore during the previous quarter ended March 2025. For the full year,net profit reported to Rs 33.77 crore in the year ended March 2026 as against net loss of Rs 28.35 crore during the previous year ended March 2025. Sales declined 2.14% to Rs 2842.96 crore in the year ended March 2026 as against Rs 2905.25 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales816.32760.07 7 2842.962905.25 -2 OPM %9.495.88 -6.254.61 - PBDT61.9723.87 160 133.1656.31 136 PBT48.0110.48 358 77.982.56 2946 NP85.20-33.83 LP 33.77-28.35 LP Powered by Capital Market - Live

MSP Steel & Power will hold a meeting of the Board of Directors of the Company on 30 May 2026.

MSP Steel & Power will hold a meeting of the Board of Directors of the Company on 14 March 2026.Powered by Capital Market - Live