How did profit grow so strongly while revenue fell?

The company improved operational efficiency, not sales. EBITDA more than doubled to ₹20.30 crore, lifting the full-year margin to 7.5% from 2.4%. That margin expansion drove the entire profit jump despite revenue shrinking.

What drove the Q4 performance?

The steel division posted higher profitability in the final quarter, delivering an 18.8% EBITDA margin. The company cited stable demand and effective cost management as the key drivers.

What is the state of the agro business?

The presentation noted steady performance in the agro division, with continued focus on domestic and export markets. It did not provide separate financials for the segment.

How big is this company?

Shri Bajrang is a nano-cap with ₹270.98 crore in annual revenue. The scale of the earnings swing, from ₹4.64 crore to ₹14.57 crore in PAT, is significant relative to its size.

Earnings · Engineering - Industrial Equipments · Micro cap

Shri Bajrang's profit jumps 214% even as revenue shrinks

Net profit surged to ₹14.57 crore on better margins, even as annual revenue fell 32% to ₹270.98 crore.

— 1 earlier story on Shri Bajrang Alliance Ltd. →

SHBAJRG By Tipsheet Editorial 30 May 2026 · 7:10 PM IST Verify on BSE · NSE

Mkt cap₹149 cr

P/E4.12×

ROE9.71%

Debt / eq.0.29

214% Year-on-year jump in standalone net profit for FY26.

What's new

Standalone PAT surged to ₹14.57 crore in FY26, up from ₹4.64 crore in FY25.
Revenue fell to ₹270.98 crore from ₹398.36 crore, but EBITDA more than doubled to ₹20.30 crore.
Q4 EBITDA margin hit 18.8%, driven by profitability in the steel division.

Why this matters

This is a profitability story masking a shrinking top line. The company cut its way to a ₹14.57 crore profit while revenue fell. The Q4 margin of 18.8% suggests the steel business is now generating real cash. The open question is whether that profitability is sustainable as revenue stabilises.

What we're watching

Whether the steel-division margin gains hold as demand and input costs shift.
Agro-division performance in domestic and export markets.
The stock's reaction to the earnings swing in a nano-cap with limited liquidity.

The full read

Shri Bajrang Alliance just posted a 214% jump in net profit. Revenue fell 32%. The profit surge is entirely a margin story. EBITDA more than doubled to ₹20.30 crore, pushing the full-year margin to 7.5% from just 2.4%. The final quarter was the star, with the steel division delivering an 18.8% EBITDA margin. That's a stark turnaround for a company of this size. The agro business was steady, but the steel division is now the clear earnings engine. The key test ahead is whether these margins hold as revenue stabilises.

Questions answered

How did profit grow so strongly while revenue fell?: The company improved operational efficiency, not sales. EBITDA more than doubled to ₹20.30 crore, lifting the full-year margin to 7.5% from 2.4%. That margin expansion drove the entire profit jump despite revenue shrinking.
What drove the Q4 performance?: The steel division posted higher profitability in the final quarter, delivering an 18.8% EBITDA margin. The company cited stable demand and effective cost management as the key drivers.
What is the state of the agro business?: The presentation noted steady performance in the agro division, with continued focus on domestic and export markets. It did not provide separate financials for the segment.
How big is this company?: Shri Bajrang is a nano-cap with ₹270.98 crore in annual revenue. The scale of the earnings swing, from ₹4.64 crore to ₹14.57 crore in PAT, is significant relative to its size.

Mentioned: Shri Bajrang Alliance Ltd. · ₹14.57 crore PAT · 18.8% Q4 EBITDA margin

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on SHBAJRG →

30 May 2026 · 7:10 PM IST Shri Bajrang's profit jumps 214% even as revenue shrinks
9d ago Shri Bajrang gets NSE listing — markets already knew