Sharda Ispat's Q4 profit jumped four-fold. The full year still shrank.
A sharp fourth-quarter rebound couldn't pull the full year into positive territory. Revenue rose 64% in Q4, but annual profit fell 18%.
— 3 earlier stories on Sharda Ispat Ltd. →What's new
- Q4 standalone revenue rose to ₹67.20 cr from ₹40.88 cr, a 64% jump.
- Q4 net profit surged to ₹4.35 cr from ₹1.00 cr.
- Full-year net profit fell to ₹6.20 cr from ₹7.58 cr, an 18% decline.
Why this matters
The quarterly swing is dramatic for a company this size, but it doesn't change the annual trajectory. Full-year profit is still down, meaning the weak start to the fiscal year was too much for one strong quarter to overcome.
What we're watching
- Whether Q4's performance holds into FY27.
- The full-year revenue trend, which showed a slight decline.
- Cost pressures for small steel producers amid volatile input prices.
The full read
Sharda Ispat broke its weak streak in Q4. Revenue hit ₹67.20 crore, up 64% from ₹40.88 crore a year earlier. Profit jumped to ₹4.35 crore from ₹1.00 crore. That's a four-fold increase. Zoom out, though, and the picture changes. Full-year net profit fell 18% to ₹6.20 crore from ₹7.58 crore in FY25. Annual revenue also dipped slightly. One strong quarter wasn't enough. For a nano-cap steel company, this is classic margin volatility, likely tied to raw material swings. The clean audit report offers no red flags. But the annual decline is the fact that matters.
Questions answered
- How did the Q4 numbers compare to last year?
- Q4 revenue jumped to ₹67.20 crore from ₹40.88 crore, a 64% increase. Net profit rose to ₹4.35 crore from just ₹1.00 crore.
- Why did the full year decline if Q4 was so strong?
- Full-year net profit dropped 18% to ₹6.20 crore from ₹7.58 crore. The weak performance in the first three quarters outweighed the Q4 surge.
- Did the auditor note any concerns?
- No, the audit report was unmodified, meaning a clean opinion. The reappointment of internal and cost auditors was routine.
- Is this a one-off quarter or a real turnaround?
- The filing shows improvement in the latest quarter, not a sustained shift. The annual numbers, which still show a profit decline, confirm the underlying pressure hasn't gone away.
Story so far
All notes on SHRDAIS →- 29 May 2026 · 3:49 PM IST Sharda Ispat's Q4 profit jumped four-fold. The full year still shrank.
- 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, but the full year still slipped