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PNN
New Delhi [India], April 2: Rathi Steel And Power Limited (BSE -504903), One of the leading players in stainless steel long products and TMT bars, has recorded revenue of 244.8 Crores (approx.) for Q4 FY 26, while also reporting revenue of 716.7Crores (approx.) for FY26 as against 505.43 Cr in FY25, reflecting a growth of 41.8% YoY. Robust revenue for Q4 demonstrates operational resilience, considering the challenges posed by the current geopolitical developments impacting fuel costs, global trade and other macro-economic factors. Company is uniquely positioned in the stainless-steel wire rod space, with the only Indian company to be direct charging capabilities for rolling stainless steel wire rod, wherein Hot stainless-steel billet is directly fed into the wire rod rolling mill, thereby minimising fuel consumption for reheating purposes. This capability is all the more relevant during current times, when fuel prices across the board are rapidly rising on account of the energy disruptions due to the Iran war. Impact of rising fuel prices is being felt more in the TMT business which consumes larger quantity of the same. The company is however taking steps to mitigate the same. Company's balanced and diversified product portfolio comprising Stainless steel and TMT products provides operational flexibility, enabling us to cater to a wider customer base while optimizing realizations. Additionally, improved operational flexibility has led to higher capacity utilisation levels of the rolling division contributing to better throughput and scalability of operations. Commenting on the Performance, Mr. Udit Rathi, Promoter of Rathi Steel And Power Limited said, "This has been a strong finish to the year driven by the collective efforts of our team and continued focus on quality and operational excellence. As we move ahead, we remain optimistic about the strong fundamentals of the Indian economy, with a strong leadership and foundation in place. Undoubtedly, the present geopolitical situation does pose uncertainties and challenges. We remain watchful and cautious of the same. Company's platform is well set for the next phase of growth, with continued focus on efficiency, quality, and scalable execution." Disclaimer: This article is for informational purposes only and does not constitute financial advice. (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same.)
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