Sharda Ispat's Q4 profit jumped, but the full year still slipped
A sharp Q4 rebound in revenue and profit wasn't enough to lift Sharda Ispat's full-year net profit, which declined to ₹620.24 lakhs. The audit was clean.
— 3 earlier stories on Sharda Ispat Ltd. →What's new
- Q4 net profit surged to ₹434.61 lakhs from ₹100.44 lakhs year-on-year.
- Q4 revenue jumped to ₹6,719.96 lakhs from ₹4,087.66 lakhs.
- Full-year net profit declined to ₹620.24 lakhs from ₹758.55 lakhs.
Why this matters
The annual results show a profit decline, but the Q4 data reveals a sharp reversal in the fourth quarter. For a nano-cap, the quarterly swing is the more actionable data point. The clean audit report adds no complications.
What we're watching
- Whether the Q4 revenue and profit surge sustains into the new fiscal year.
- Any management commentary explaining the weak first nine months versus Q4.
- Input cost trends for the steel-maker in the coming quarters.
The full read
Sharda Ispat's full-year net profit slipped to ₹620.24 lakhs from ₹758.55 lakhs, but the annual number masks a sharp Q4 reversal. Revenue for the quarter surged to ₹6,719.96 lakhs from ₹4,087.66 lakhs, and net profit jumped to ₹434.61 lakhs from just ₹100.44 lakhs. The company's first nine months were weak enough to drag the full year down. The audit report was clean. For a nano-cap steel company with a ₹91 crore market capitalisation, quarterly swings of this magnitude are common. The Q4 rebound is the real story; the first half's drag on earnings is now the test for the new fiscal year.
Questions answered
- How did the quarterly and annual profits compare?
- Q4 net profit jumped to ₹434.61 lakhs from ₹100.44 lakhs year-on-year. However, the full-year net profit declined to ₹620.24 lakhs from ₹758.55 lakhs, meaning a weak first nine months offset the strong finish.
- What was the revenue picture for the company?
- Q4 revenue jumped to ₹6,719.96 lakhs from ₹4,087.66 lakhs in the same quarter last year. This revenue growth is the primary driver behind the quarterly profit surge.
- Were there any governance issues flagged in the filing?
- No. The audit report on the FY26 results is unmodified, and the board reappointed the internal and cost auditors as a routine step.
- What does the market capitalisation tell us about the company's scale?
- Sharda Ispat is a nano-cap with a ₹91 crore market capitalisation. At this scale, quarterly profit swings of this magnitude are common and reflect volatility more than structural change.
Story so far
All notes on SHRDAIS →- 29 May 2026 · 3:47 PM IST Sharda Ispat's Q4 profit jumped, but the full year still slipped
- 1d ago Sharda Ispat profit jumps in Q4 despite annual decline
- 1d ago Sharda Ispat's Q4 profit jumps, but full-year earnings still slipped
- 1d ago Sharda Ispat's Q4 profit jumped four-fold. The full year still shrank.