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Mahamaya Steel Industries Ltd share price slipped 2.80% to Rs 996.7 after the company`s net profit witnessed a sharp fall of 47.67% to Rs 2.13 crore, while revenue from operations slightly gained 1.71% to Rs 267.63 crore in Q2FY26 over Q1FY26. The market capitalization of Iron & Steel Products industry group stocks on BSE stood at Rs 3.17 lakh crore, slipping 0.49%. It has slipped by 0.49% over last one week and ticked higher by 6.30% in last one month while the market capitalization of Mahamaya Steel Industries Ltd has eased by 3.12% and 18.77% in the same period respectively. Profit before tax (PBT) of Mahamaya Steel Industries Ltd stood at Rs 2.88 crore in Q2 FY26, surging by 23.61% year-on-year, and crashing by 49.21% quarter-on-quarter. EBITDA came in at Rs 6 crore, rallying 17.22% YoY and dropping 14.39% sequentially. Total expenses saw a slight increase of 2.57% to Rs 264.17 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 211.29 crore, softening by 2.19% YoY, while employee benefits expense was at Rs 6.12 crore, contracting 7.27% YoY. For the TTM ended FY26, revenue from operations grew marginally by 2.29% to Rs 801.76 crore, while net profit registered a growth of 13.10% to Rs 7.6 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 1476% to Rs 17.49 crore, and PBT expanded by 16.18% to Rs 10.05 crore compared to previous TTM. The company`s consolidated net cash flow from operating activities stood at Rs 8.85 crore in FY26, as against Rs 14.28 crore in FY25. Mahamaya Steel Industries Ltd rallied 197.79% in last one year, significantly outperforming the benchmark BSE Sensex which has eased by 2.83% during the same period.

Mahamaya Steel Industries will hold a meeting of the Board of Directors of the Company on 13 August 2026.

Mahamaya Steel Industries announced that Brickwork Ratings India, Credit Rating Agency has assigned the credit rating to the bank facilities of the company as under:Long term bank facilities fund based - BWR BBB+/ Stable Short term bank facilities fund based - BWR A2

Net profit of Mahamaya Steel Industries declined 24.77% to Rs 4.07 crore in the quarter ended March 2026 as against Rs 5.41 crore during the previous quarter ended March 2025. Sales rose 11.41% to Rs 263.12 crore in the quarter ended March 2026 as against Rs 236.17 crore during the previous quarter ended March 2025.For the full year,net profit rose 26.32% to Rs 9.60 crore in the year ended March 2026 as against Rs 7.60 crore during the previous year ended March 2025. Sales rose 10.11% to Rs 882.85 crore in the year ended March 2026 as against Rs 801.76 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales263.12236.17 11 882.85801.76 10 OPM %2.983.27 -2.682.33 - PBDT7.938.88 -11 21.0817.47 21 PBT5.676.86 -17 12.279.60 28 NP4.075.41 -25 9.607.60 26 Powered by Capital Market - Live News

Mahamaya Steel Industries will hold a meeting of the Board of Directors of the Company on 26 May 2026.