Zenith Steel Pipes & Industries' Q2 FY 2025-26 Quarterly Results

Result Summary

• Zenith Steel Pipes & Industries Ltd reported a 16.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 32.0%.
• Its expenses for the quarter were down by 15.9% QoQ and 35.2% YoY.
• The net profit decreased 25.0% QoQ and decreased 263.6% YoY.
• The earnings per share (EPS) of Zenith Steel Pipes & Industries Ltd stood at 0.05 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

## Company Overview
Zenith Steel Pipes & Industries Ltd is a company engaged in the production and distribution of steel pipes, which are primarily utilized in industries such as construction, automotive, and infrastructure. As a player in the steel industry, the company is likely influenced by market trends such as commodity price fluctuations, changes in demand from end-use industries, and regulatory developments. Zenith Steel Pipes & Industries Ltd operates within a competitive market that includes both domestic and international players. Additionally, any recent major developments or strategic initiatives undertaken by the company are not available in the provided data.

## Revenue
In the second quarter of fiscal year 2026 (Q2FY26), Zenith Steel Pipes & Industries Ltd reported a total income of ₹21.31 crores. This represents a decrease of 16.3% compared to the previous quarter (Q1FY26) where the total income was ₹25.45 crores. On a year-over-year basis, there was a significant decline of 32.0% from Q2FY25, when the total income was ₹31.34 crores. The downward trend in revenue both sequentially and annually suggests changes in sales volume, pricing, or market demand that have affected the company's top-line performance.

## Profitability
The company's profitability metrics for Q2FY26 indicate mixed results. Profit Before Tax (PBT) for this quarter was ₹0.73 crores, which is a 25.5% decrease from the ₹0.98 crores reported in Q1FY26. However, when compared to Q2FY25, where the company recorded a loss before tax of ₹0.42 crores, Q2FY26 shows a positive turnaround in PBT, despite the year-over-year percentage change being -273.8% due to the transition from a loss to a profit. Profit After Tax (PAT) for Q2FY26 was ₹0.72 crores, down from ₹0.96 crores in Q1FY26, reflecting a 25.0% decrease. The YoY change is notably large at -263.6%, owing to the shift from a negative profit after tax in Q2FY25. Earnings per share (EPS) also decreased from ₹0.07 in Q1FY26 to ₹0.05 in Q2FY26, marking a QoQ decline of 28.6%. Compared to Q2FY25, when EPS was negative, the YoY change is -266.7%.

## Operating Metrics
The total expenses for Q2FY26 amounted to ₹20.58 crores, which is a decrease of 15.9% from Q1FY26's expenses of ₹24.48 crores. Year-over-year, expenses fell by 35.2% from ₹31.76 crores in Q2FY25. The reduction in expenses both QoQ and YoY aligns with the overall decline in income, possibly indicating cost control measures or a contraction in business activity. Notably, the tax expenses remained at zero across all periods, suggesting consistent tax management or incentives. The operating metrics reveal a focus on managing expenses amid fluctuating income levels, as evidenced by the changes in both QoQ and YoY financial figures.