A-One Steels India Limited has announced the approval of its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a profit for the period and provided a detailed breakdown of its financial performance. Additionally, the document outlines the full utilization of proceeds from its recent Initial Public Offering (IPO).
Financial Performance for Q2 FY27
The Board of Directors of A-One Steels India Limited met on November 13, 2026, to approve the unaudited financial results for the second quarter and half-year ended September 30, 2026. The financial statements, including both standalone and consolidated figures, were reviewed and approved. These results indicate a profit of ₹2,515.83 lakhs for the quarter and ₹4,406.37 lakhs for the half-year ended September 30, 2026 (standalone). Consolidated figures show a profit of ₹5,368.01 lakhs for the quarter and ₹4,785.31 lakhs for the half-year.
IPO Proceeds Utilization
Details regarding the utilization of proceeds from the company’s Initial Public Offering (IPO) were also provided. The total IPO proceeds amounted to ₹35,500 lakhs. These funds have been fully utilized towards prepayment or repayment of borrowings (₹25,000.00 lakhs), general corporate purposes (₹7,586.37 lakhs), and offer issue expenses (₹2,913.63 lakhs) as of September 30, 2026.
Auditor’s Review
Singhi & Co., Chartered Accountants, have issued a Limited Review Report on the unaudited standalone and consolidated financial results. Their report, dated November 13, 2026, confirms that based on their review, nothing has come to their attention that causes them to believe the accompanying statements are not prepared in accordance with applicable accounting standards and regulations.
Fire Incident Update
The company also provided an update on two fire incidents. A fire at the Ferro Plant in Chikantapur, Ballari, on October 8, 2026, is under investigation, with insurance claims expected to cover losses. Another incident on May 27, 2024, at the Gauribidanur plant, resulted in a fully settled insurance claim of ₹135.48 lakhs.
Source: BSE
