Electrotherm (India) Ltd

Electrotherm (India) Limited appointed Davesh Khandelwal as an Additional Director and Whole Time Director, effective August 26, 2026, for a period of three years, subject to shareholder approval, and Rajesh Bhalchandra Patel as an Additional Non-Executive Non-Independent Director, also effective August 26, 2026, pending shareholder approval.

Electrotherm (India) Limited appointed Davesh Khandelwal as an Additional Director and Whole Time Director for three years, effective August 26, 2026, subject to shareholder approval, and Rajesh Bhalchandra Patel as an Additional Non-Executive Non-Independent Director, effective the same date, also subject to shareholder approval.

Electrotherm (India) Limited appointed Davesh Khandelwal as an Additional Director and Whole Time Director, effective August 26, 2026, for a period of three years, subject to shareholder approval, and Rajesh Bhalchandra Patel as an Additional Non-Executive Non-Independent Director, also effective August 26, 2026, pending shareholder approval.

Electrotherm (India) Ltd share price ticked higher by 0.28% to Rs 1012.85. The Company's net profit witnessed a sharp fall of 49.30% to Rs 6.88 crore, while revenue from operations reduced 19.88% to Rs 913.38 crore in Q2FY26 over Q1FY26. The market capitalization of Iron & Steel Products industry group stocks on BSE stood at Rs 3.17 lakh crore, declining 1.36%. It has inched up 0.13% over last one week and moved up slightly by 6.92% in last one month while the market capitalization of Electrotherm (India) Ltd has improved by 1.33% and 43.03% in the same period respectively. Profit before tax (PBT) of Electrotherm (India) Ltd stood at Rs 8.81 crore in Q2 FY26, nosediving by 73.90% year-on-year, and crashing by 50.64% quarter-on-quarter. EBITDA came in at Rs 21 crore, plunging by 59.03% YoY and slipping 4.96% sequentially. Total expenses reduced by 19.92% to Rs 902.11 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 713.74 crore, dropping by 10.71% YoY, while employee benefits expense was at Rs 56.37 crore, dipping slightly 0.51% YoY. For the TTM ended FY26, revenue from operations eased 3.66% to Rs 4115.37 crore, while net profit jumped 39.27% to Rs 441.9 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 41153% to Rs 363.22 crore, and PBT surged 29.14% to Rs 409.76 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 328.68 crore in FY26, as against Rs 351.34 crore in FY25. Electrotherm (India) Ltd rallied 25.62% in last one year, significantly outperforming the benchmark BSE Sensex which has eased by 3.05% during the same period.

Electrotherm (India) Limited will hold a board meeting on Friday, August 14, 2026, to consider the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, according to a regulatory filing with the BSE Limited and National Stock Exchange of India Ltd. The trading window for company insiders was closed from July 1, 2026, and will remain closed until 48 hours after the submission of the financial results.

Electrotherm (India) Limited disclosed a default on payment of interest and principal amounts on loans from banks and financial institutions, including Invent Assets Securitisation & Reconstruction Private Limited, an assignee of debts from Allahabad Bank (now Indian Bank) and Punjab National Bank. The default, reported on July 30, 2026, involves a principal amount of Rs 40.00 crore and interest of Rs 6.46 crore, both due as of June 30, 2026, related to a term loan and working capital loan with a total outstanding principal amount of Rs 180.00 crore. As of June 30, 2026, Electrotherm (India) Limited had total outstanding borrowings from banks and financial institutions of Rs 986.20 crore and total financial indebtedness of Rs 1,000.69 crore.

Net profit of Electrotherm (India) declined 92.65% to Rs 13.63 crore in the quarter ended March 2026 as against Rs 185.50 crore during the previous quarter ended March 2025. Sales declined 1.82% to Rs 1139.99 crore in the quarter ended March 2026 as against Rs 1161.08 crore during the previous quarter ended March 2025. For the full year,net loss reported to Rs 15.66 crore in the year ended March 2026 as against net profit of Rs 442.15 crore during the previous year ended March 2025. Sales declined 10.29% to Rs 3692.09 crore in the year ended March 2026 as against Rs 4115.37 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1139.991161.08 -2 3692.094115.37 -10 OPM %2.155.55 -1.169.03 - PBDT23.1758.68 -61 23.74334.28 -93 PBT12.1246.52 -74 -19.54289.89 PL NP13.63185.50 -93 -15.66442.15 PL Powered by Capital Market - Live

Electrotherm (India) will hold a meeting of the Board of Directors of the Company on 21 May 2026.

Net loss of Electrotherm (India) reported to Rs 35.42 crore in the quarter ended December 2025 as against net profit of Rs 88.34 crore during the previous quarter ended December 2024. Sales declined 16.41% to Rs 903.79 crore in the quarter ended December 2025 as against Rs 1081.23 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales903.791081.23 -16 OPM %-3.399.94 - PBDT-35.1698.95 PL PBT-46.2888.27 PL NP-35.4288.34 PL Powered by Capital Market - Live

Electrotherm (India) will hold a meeting of the Board of Directors of the Company on 11 February 2026.Powered by Capital Market - Live