Kalyani Steels Limited reported steady growth for the fiscal year ended March 31, 2026. The company achieved a consolidated profit after tax of ₹2,578.67 million. Reflecting strong performance, the Board has recommended a dividend of ₹10 per share (200%). Additionally, the company announced the strategic appointment of Mr. Shishir Joshipura as an Independent Director and Mr. Bantu Upendra Kumar Patro as the new Chief Financial Officer, effective May 2026.
Financial Highlights for FY2026
For the financial year ended March 31, 2026, Kalyani Steels recorded a consolidated revenue from operations of ₹18,456.07 million. The company maintained robust operational efficiency, resulting in a consolidated profit after tax of ₹2,578.67 million. The fourth quarter (Q4) performance contributed significantly to this annual growth, reflecting the company’s sustained market presence in the carbon and alloy steel forging sector.
Dividend Recommendation
In recognition of the company’s financial health and value creation for shareholders, the Board of Directors has recommended a final dividend of ₹10 per equity share (with a face value of ₹5), representing a 200% payout. This recommendation is subject to the approval of shareholders at the company’s upcoming Fifty-Third Annual General Meeting.
Leadership Strengthening
Kalyani Steels has bolstered its leadership team with two high-profile appointments aimed at driving future growth and governance excellence:
- Independent Director: The Board has appointed Mr. Shishir Joshipura as an Additional Independent Director for a four-year term, effective May 8, 2026. Mr. Joshipura brings over 42 years of extensive experience in industrial, automotive, and energy sectors, having previously served as the CEO and Managing Director of Praj Industries.
- Chief Financial Officer: Mr. Bantu Upendra Kumar Patro has been appointed as the new CFO, effective May 9, 2026. A seasoned finance professional with nearly three decades of experience, Mr. Patro has a strong track record in capital structuring and large-scale fund-raising across the energy and manufacturing sectors.
Accounting Adjustments
The company has accounted for ₹79.26 million as an exceptional item in the statement of profit and loss. This impact arises from the alignment with the new Labour Codes notified by the Government of India in late 2025, specifically regarding changes in wage definitions.
Source: BSE
