Magnus Steel Jumps 5% After Record FY26 Growth, ₹45 Crore Funding Boost

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AuthorAarav Shah|Published at:
Magnus Steel Jumps 5% After Record FY26 Growth, ₹45 Crore Funding Boost
Overview

Magnus Steel and Infra shares surged to a 5% upper circuit on Monday, closing at Rs 151.40. The rally follows the company's announcement of a spectacular 607.8% year-on-year revenue growth for FY26, reaching Rs 22.58 crore, and a significant net profit jump to Rs 4.50 crore. The company also approved a Rs 45 crore preferential issue to fund working capital and general corporate purposes, aiming to bolster its balance sheet and support expansion.

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The company's impressive financial results for the fiscal year ending March 2026 are providing strong momentum.

Q4 FY26 Performance Continues Growth Trajectory

In the fourth quarter of FY26 alone, Magnus Steel and Infra reported revenue of ₹7.14 crore, marking a 385.7% year-on-year increase. Net profit for the quarter more than doubled to ₹1.52 crore. These strong quarterly figures contributed to a full-year revenue of ₹22.58 crore (up 607.8% YoY) and a net profit of ₹4.50 crore for FY26, compared to ₹3.19 crore and ₹0.06 crore respectively in FY25. Earnings before interest, taxes, depreciation, and amortization (EBITDA) also showed a marked improvement, reaching ₹4.66 crore from ₹0.19 crore.

₹45 Crore Funding Boost for Working Capital and Growth

To support its growth, the board has approved a ₹45 crore preferential share issue. The company will allot 4.5 crore equity shares at ₹10 per share to five non-promoter investors. The funds will be used for ₹33.75 crore in working capital and ₹11.25 crore for general corporate purposes, bolstering the company's financial position for expansion.

Office Relocation and Leadership Appointments

In strategic moves, shareholders approved relocating the registered office from Nashik to Pune to improve operational efficiency and market access. The company also strengthened its leadership team, appointing Chinmay Pradhan as Managing Director. Mr. Pradhan noted the strong FY26 results, attributing them to disciplined execution, and views the new funding as crucial for scaling operations.

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