Shah Alloys quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	0.0	3.0	−100.0%
EBITDA	−1.0	−0.9	—
Profit before tax	−2.6	36.7	—
Net profit	−1.9	35.8	—
EPS	−₹0.93	₹18.07	—

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	0.0	0.0	0.4	10.3	3.0	23.6	29.8	51.9	66.3	119	128	143	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	0.2	0.2	1.9	0.3	23.4	0.0	0.6	0.1	21.8	0.0	0.5	25.9
	0.2	0.2	2.3	10.6	26.3	23.6	30.4	52.0	88.1	119	128	169
	0.0	0.0	0.0	0.0	2.1	12.8	17.9	9.9	43.1	76.4	92.5	100
	0.0	0.0	0.0	0.0	0.4	3.3	−2.3	31.8	4.8	12.8	−5.6	8.1
	0.3	0.5	0.3	0.3	0.9	1.8	3.0	2.5	4.4	4.9	4.3	5.3
	0.9	0.9	0.4	1.0	1.1	1.1	1.1	1.1	1.1	1.1	0.9	1.0
	1.0	1.0	1.6	1.7	1.6	1.6	2.3	2.3	2.3	2.3	2.2	2.2
	0.7	0.7	1.1	2.7	0.4	6.7	28.6	20.3	19.2	31.3	45.7	38.3
	2.9	3.0	3.4	5.7	6.6	27.3	50.6	67.9	74.8	129	140	155
	−1.0	−1.1	−1.0	7.3	−0.9	−0.9	−17.4	−12.6	−5.1	−6.8	−9.0	−8.8
	−2.0	−2.1	−2.6	5.6	−2.5	−2.6	−19.7	−14.9	−7.4	−9.1	−11.2	−11.1
Profit
	−2.6	−2.8	−1.2	4.8	19.8	−3.6	−20.2	−15.9	13.3	−10.2	—	13.8
	0.0	0.0	7.2	54.4	16.9	0.0	0.0	0.0	0.0	0.0	6.1	−15.6
	−2.6	−2.8	6.1	59.2	36.7	−3.6	−20.2	−15.9	13.3	−10.2	−5.5	−1.8
	−0.8	−0.7	1.6	23.1	0.9	−0.8	−0.8	−0.6	−2.0	−2.2	—	−2.6
	−0.8	−0.7	1.6	23.1	0.9	−0.8	−0.8	−0.6	−2.0	−2.2	—	−2.6
	0.0	0.0	0.0	2.4	0.0	0.0	0.0	0.0	0.0	0.0	—	0.0
	−1.9	−2.1	4.5	38.5	35.8	−2.8	−19.4	−15.3	15.3	−8.0	−7.7	0.8
	−1.9	−2.1	4.5	36.1	35.8	−2.8	−19.4	−15.3	15.3	−8.0	—	0.8
	0.0	0.0	−0.1	−0.6	0.0	0.2	1.3	−0.2	−0.2	−0.2	—	0.2
	−1.9	−2.1	4.4	37.8	35.8	−2.6	−18.1	−15.4	15.2	−8.2	—	1.0
	—	—	—	—	—	—	—	—	—	—	−7.7	—
Per share
	−₹0.93	−₹1.05	₹2.25	₹19.42	₹18.07	−₹1.43	−₹9.78	−₹7.70	₹7.75	−₹4.04	—	₹0.42
	−₹0.93	−₹1.05	₹2.25	₹19.42	₹18.07	−₹1.43	−₹9.78	−₹7.70	₹7.75	−₹4.04	—	₹0.42
Other comprehensive income — detail
	0.0	0.0	−0.1	−0.6	0.0	0.2	1.3	—	—	—	—	—
	—	—	—	—	—	—	—	—	—	—	—	0.2
	0.0	0.0	0.1	0.6	0.0	−0.2	−1.3	—	—	—	—	—
	—	—	—	—	—	—	—	0.2	0.2	0.2	—	0.0
Per share — as-filed variants
	−₹0.93	−₹1.05	₹2.25	₹19.42	₹18.07	−₹1.43	−₹9.78	−₹7.70	₹7.75	−₹4.04	—	₹0.42
	−₹0.93	−₹1.05	₹2.25	₹19.42	₹18.07	−₹1.43	−₹9.78	−₹7.70	₹7.75	−₹4.04	—	₹0.42
Regulatory disclosures — filed alongside, not part of the P&L
	0.2	—	38.8	—	21.5	—	36.3	—	—	—	—	—
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	—	—	—	—	0.5	7.6	14.1	10.3	18.5	29.4	41.0	34.7
	—	—	—	—	15.2%	32.2%	47.5%	19.8%	27.9%	24.8%	32.1%	24.3%
Adjusted (ex-exceptional items) — derived
	−2.6	−2.8	−1.2	4.8	19.8	−3.6	−20.2	−15.9	13.3	−10.2	—	13.8
	0.0	0.0	7.2	54.4	16.9	0.0	0.0	0.0	0.0	0.0	6.1	−15.6
	−1.9	−2.1	−0.9	5.3	19.3	−2.8	−19.4	−15.3	15.3	−8.0	—	7.1
	−₹0.93	−₹1.05	−₹0.44	₹2.68	₹9.73	−₹1.43	−₹9.78	−₹7.70	₹7.75	−₹4.04	—	₹3.62

Open the chart

From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.

alphave

SHAHALLOYS₹70.84

Shah Alloys Limited

· Capital Goods & Defence

Annual Quarterly₹ CrorePeersRUDRA VSTL VMSTMT INCREDIBLE MWL BEDMUTHA SMLT SHAHMcap ₹140 Cr

View

In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	142.8	127.9	118.6	66.3	51.9	29.8	23.6	3.0	10.3	0.4	0.0	0.0
Other Income	25.9	0.5	0.0	21.8	0.1	0.6	0.0	23.4	0.3	1.9	0.2	0.2
Total Income	168.7	128.4	118.6	88.1	52.0	30.4	23.6	26.3	10.6	2.3	0.2	0.2
Expenses
+ Cost of Materials Consumed	100.0	92.5	76.4	43.1	9.9	17.9	12.8	2.1	0.0	0.0	0.0	0.0
+ Changes in Inventories	8.1	-5.6	12.8	4.8	31.8	-2.3	3.3	0.4	0.0	0.0	0.0	0.0
+ Employee Benefit Expense	5.3	4.3	4.9	4.4	2.5	3.0	1.8	0.9	0.3	0.3	0.5	0.3
+ Finance Costs	1.0	0.9	1.1	1.1	1.1	1.1	1.1	1.1	1.0	0.4	0.9	0.9
+ Depreciation & Amortisation	2.2	2.2	2.3	2.3	2.3	2.3	1.6	1.6	1.7	1.6	1.0	1.0
+ Other Expenses	38.3	45.7	31.3	19.2	20.3	28.6	6.7	0.4	2.7	1.1	0.7	0.7
Total Expenses	154.9	140.0	128.8	74.8	67.9	50.6	27.3	6.6	5.7	3.4	3.0	2.9
EBITDA	-8.8	-9.0	-6.8	-5.1	-12.6	-17.4	-0.9	-0.9	7.3	-1.0	-1.1	-1.0
EBIT	-11.1	-11.2	-9.1	-7.4	-14.9	-19.7	-2.6	-2.5	5.6	-2.6	-2.1	-2.0
Profit
PBT before Exceptional Items	13.8	—	-10.2	13.3	-15.9	-20.2	-3.6	19.8	4.8	-1.2	-2.8	-2.6
+ Exceptional Items	-15.6	6.1	0.0	0.0	0.0	0.0	0.0	16.9	54.4	7.2	0.0	0.0
Pretax Income	-1.8	-5.5	-10.2	13.3	-15.9	-20.2	-3.6	36.7	59.2	6.1	-2.8	-2.6
+ Deferred Tax	-2.6	—	-2.2	-2.0	-0.6	-0.8	-0.8	0.9	23.1	1.6	-0.7	-0.8
Tax Expense	-2.6	—	-2.2	-2.0	-0.6	-0.8	-0.8	0.9	23.1	1.6	-0.7	-0.8
+ Share of Associates & JVs	0.0	—	0.0	0.0	0.0	0.0	0.0	0.0	2.4	0.0	0.0	0.0
Net Income	0.8	-7.7	-8.0	15.3	-15.3	-19.4	-2.8	35.8	38.5	4.5	-2.1	-1.9
+ Net Income — Continuing Ops	0.8	—	-8.0	15.3	-15.3	-19.4	-2.8	35.8	36.1	4.5	-2.1	-1.9
+ Other Comprehensive Income	0.2	—	-0.2	-0.2	-0.2	1.3	0.2	0.0	-0.6	-0.1	0.0	0.0
Total Comprehensive Income	1.0	—	-8.2	15.2	-15.4	-18.1	-2.6	35.8	37.8	4.4	-2.1	-1.9
Net Income to Common	—	-7.7	—	—	—	—	—	—	—	—	—	—
Per Share
Basic EPS	0.42	—	-4.04	7.75	-7.70	-9.78	-1.43	18.07	19.42	2.25	-1.05	-0.93
Diluted EPS	0.42	—	-4.04	7.75	-7.70	-9.78	-1.43	18.07	19.42	2.25	-1.05	-0.93
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	1.3	0.2	0.0	-0.6	-0.1	0.0	0.0
+ Items to be Reclassified to P&L	0.2	—	—	—	—	—	—	—	—	—	—	—
+ Tax on Items to be Reclassified	—	—	—	—	—	-1.3	-0.2	0.0	0.6	0.1	0.0	0.0
+ Tax on Items to be Reclassified — alt tag	0.0	—	0.2	0.2	0.2	—	—	—	—	—	—	—
Per Share — as-filed variants
Basic EPS — Continuing Operations	0.42	—	-4.04	7.75	-7.70	-9.78	-1.43	18.07	19.42	2.25	-1.05	-0.93
Diluted EPS — Continuing Operations	0.42	—	-4.04	7.75	-7.70	-9.78	-1.43	18.07	19.42	2.25	-1.05	-0.93
Regulatory Disclosures — filed alongside, not part of the P&L
Related-party Transactions — During the Period	—	—	—	—	—	36.3	—	21.5	—	38.8	—	0.2
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	34.7	41.0	29.4	18.5	10.3	14.1	7.6	0.5	—	—	—	—
Gross Margin %	24.31	32.06	24.76	27.90	19.79	47.51	32.19	15.20	—	—	—	—
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	13.8	—	-10.2	13.3	-15.9	-20.2	-3.6	19.8	4.8	-1.2	-2.8	-2.6
− Exceptional Items (reconciliation)	-15.6	6.1	0.0	0.0	0.0	0.0	0.0	16.9	54.4	7.2	0.0	0.0
Net Income Adj (tax-effected)	7.1	—	-8.0	15.3	-15.3	-19.4	-2.8	19.3	5.3	-0.9	-2.1	-1.9
EPS Adj	3.62	—	-4.04	7.75	-7.70	-9.78	-1.43	9.73	2.68	-0.44	-1.05	-0.93
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	10.00	—	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Paid Up Equity Capital	19.8	—	19.8	19.8	19.8	19.8	19.8	19.8	19.8	19.8	19.8	19.8

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · StandaloneFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Shah Alloys Q2 FY27 results (July–September 2026)

Filed with NSE on Friday, 30 October 2026 at 3:41 pm IST

Shah Alloys (NSE: SHAHALLOYS) reported its Q2 FY27 results (July–September 2026) on Friday, 30 October 2026 at 3:41 pm IST. Standalone net loss was ₹1.9 crore, against a profit of ₹35.8 crore in Q2 FY26 and narrower than the loss of ₹2.1 crore in Q1 FY27.

Q2 FY26 results (a year earlier): 14 November 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · standalone

Net loss: −₹1.9 Crprofit ₹35.8 Cr in Q2 FY26loss ₹2.1 Cr in Q1 FY27
Earnings per share (basic): −₹0.93

Questions

What was Shah Alloys' net profit in Q2 FY27?

Standalone net loss was ₹1.9 crore, against a profit of ₹35.8 crore in Q2 FY26 and narrower than the loss of ₹2.1 crore in Q1 FY27.

What was Shah Alloys' net profit in FY26?

Standalone net profit was ₹72.6 crore in FY26 (April 2025–March 2026), against a loss of ₹27.3 crore in FY25. It was a profit of ₹6.7 crore in FY23.

What was Shah Alloys' revenue in FY26?

Revenue from operations was ₹37.3 crore in FY26 (April 2025–March 2026), down 86.0% from ₹267 crore in FY25. It was ₹626 crore in FY23.

How were Shah Alloys' Q2 FY27 results?

A net loss of ₹1.9 crore, against a profit of ₹35.8 crore in Q2 FY26.

What was Shah Alloys' EPS in Q2 FY27?

Basic earnings per share were −₹0.93.

What was Shah Alloys' net profit in the first half of FY27?

Standalone net loss for the first half of FY27 (April–September 2026) was ₹3.9 crore, against a profit of ₹32.9 crore in the same months a year earlier.

How has Shah Alloys' profit changed over the last four quarters?

Net profit by quarter: a profit of ₹38.5 crore in Q3 FY26, a profit of ₹4.5 crore in Q4 FY26, a loss of ₹2.1 crore in Q1 FY27 and a loss of ₹1.9 crore in Q2 FY27. That is a combined profit of ₹39 crore over the four quarters.

When did Shah Alloys announce its Q2 FY27 results?

On Friday, 30 October 2026 at 3:41 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 14 November 2025.

When will Shah Alloys announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these Shah Alloys figures come from?

From Shah Alloys' own standalone results filings to NSE, in ₹ crore as filed (Q2 FY27 on 30 October 2026). Growth compares the same standalone figures a year and a quarter earlier.

Standalone figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.