Rathi Steel & Power Ltd
Rathi Steel & Power Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management said on revenue, margins and capex.
What the Q1 FY27 call signalled
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The short version
The company aims to maintain a 20% CAGR growth over the next 2-3 years, using FY25 as the base year. The company targets a 20% CAGR growth over the next 2-3 years, based on FY25 as a base year, focusing on volume ramp-up and capacity utilization improvements.
From Rathi Steel & Power Ltd's Q1 FY27 earnings-call transcript · updated 15 Sept 2026.
Revenue & Sales Performance
- The company aims to maintain a 20% CAGR growth over the next 2-3 years, using FY25 as the base year.
- Rolling mill utilization, currently around 51%-52%, is targeted to exceed 60% during FY27, supporting volume growth.
- Existing capacities have significant headroom; plans are in place to ramp up capacity within the current premises and expand the steel melting shop as needed.
- Growth drivers include scaling integrated operations (stainless steel and TMT), increasing capacity utilization, and optimizing product mix toward higher-margin products.
- Expansion in TMT bar production (which doubled in Q1 FY27) will continue, with integration of TMT 550D operations post-monsoon to further boost volumes.
2 more points from Rathi Steel & Power Ltd's call on revenue
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Profitability & Margins
Read what Rathi Steel & Power Ltd said on margins in the Q1 FY27 call
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Capital Expenditure Plans
- FY27 capex incurred so far: approx. INR 4-5 crores.
- Expected full-year capex (modernization, direct charging, melting operations, other projects): typically INR 10-12 crores.
- FY27 anticipated total capex spend: around INR 15 crores+, mostly funded from internal accruals.
- Additional capex for debottlenecking and modernization apart from regular upgrades.
- Plant is old; ongoing capex focused on upgrading, replacing old equipment to meet industry standards.
- Plans to ramp up capacity utilization from current ~50% to ~60% in FY27.
- Potential future expansion in steel melting shop once current assets are utilized near fully.
2 more points from Rathi Steel & Power Ltd's call on capex
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Order Book & Pipeline
See what Rathi Steel & Power Ltd said on order book & pipeline — free account, 30 seconds.
Rathi Steel & Power Ltd — Quarterly revenue & net profit
Q1 FY27 figures are not in this chart yet. Latest shown: Dec 2025 (Q3 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.
Reported quarterly figures (₹ Cr). Latest (Q3 FY26): revenue ₹160 Cr, net profit ₹2 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Rathi Steel's management said in earlier quarters
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Frequently Asked Questions
What were Rathi Steel & Power Ltd Q1 FY27 results?
The company aims to maintain a 20% CAGR growth over the next 2-3 years, using FY25 as the base year. The company targets a 20% CAGR growth over the next 2-3 years, based on FY25 as a base year, focusing on volume ramp-up and capacity utilization improvements.
What is Rathi Steel & Power Ltd share price analysis?
Rathi Steel & Power Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 12.9 with a market cap of ₹187 Cr. Investors should review the full earnings analysis for detailed insights.
Is Rathi Steel & Power Ltd planning capital expenditure?
FY27 capex incurred so far: approx.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.