Kalyani Steels has announced its audited financial results for the quarter and year ended March 31, 2026, reporting a robust performance. The company has recommended a dividend of Rs. 10 per share for the fiscal year. Furthermore, the board has bolstered its leadership team with the appointment of Mr. Shishir Joshipura as an Independent Director and Mr. Bantu Upendra Kumar Patro as the new Chief Financial Officer.
Financial Highlights for FY 2025-26
For the financial year ended March 31, 2026, Kalyani Steels reported consolidated revenue from operations of Rs. 18,456.07 million. The company achieved a consolidated profit after tax of Rs. 2,578.67 million for the year. This consistent financial performance highlights the company’s operational efficiency and ability to maintain growth in a competitive industrial sector.
Dividend Recommendation
Demonstrating its commitment to creating shareholder value, the Board of Directors has recommended a dividend of Rs. 10 per equity share (a 200% payout) of Rs. 5 each for the financial year 2025-26. This dividend is subject to approval by the members at the company’s upcoming Fifty-Third Annual General Meeting.
Strategic Leadership Appointments
The company has announced significant leadership changes to drive its future strategy:
- Independent Director: The board has approved the appointment of Mr. Shishir Joshipura as an Additional Independent Director for a four-year term, effective from May 8, 2026. Mr. Joshipura brings over 42 years of extensive experience in process technology, industrial services, and sustainable energy solutions.
- Chief Financial Officer: The board has appointed Mr. Bantu Upendra Kumar Patro as the new CFO, effective May 9, 2026. A seasoned finance professional and Chartered Accountant with nearly three decades of experience, Mr. Patro has a proven track record in capital structuring, project finance, and strategic growth across the energy and manufacturing sectors.
Exceptional Item Impact
The company noted an impact of Rs. 79.26 million accounted for as an ‘Exceptional Item’ in the current year. This relates to the implementation of new Labour Codes notified by the Government of India in November 2025, which necessitated a change in wage definition. The company has proactively assessed and estimated this impact to ensure regulatory compliance.
Source: BSE
