MSP Steel & Power Ltd share price slipped 4.69% to Rs 34.38 after the company's net profit plunged by 74.20% to Rs 21.98 crore, while revenue from operations improved marginally 1.25% to Rs 826.52 crore in Q2FY26 over Q1FY26. The market capitalization of Iron & Steel Products industry group stocks on BSE stood at Rs 3.17 lakh crore, easing 7.04%. It has marginally improved by 1.43% over last one week and crept higher by 3.02% in last one month while the market capitalization of MSP Steel & Power Ltd has slipped by 2.85% and 3.15% in the same period respectively. Profit before tax (PBT) of MSP Steel & Power Ltd stood at Rs 29.83 crore in Q2 FY26, expanding by 38.55% year-on-year, and tumbling by 37.87% quarter-on-quarter. EBITDA came in at Rs 50 crore, improving 12.71% YoY and crashing by 34.40% sequentially. Total expenses posted a minor rise of 4.71% to Rs 788.3 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 649.68 crore, inching up 6.11% YoY, while employee benefits expense was at Rs 23.26 crore, ticking higher by 3.93% YoY. For the TTM ended FY26, revenue from operations posted a slight growth of 1.09% to Rs 2905.25 crore, while net profit witnessed a sharp fall of 297.63% to Rs 28.36 crore, compared to previous TTM. EBITDA jumped by 8430% to Rs 130.27 crore, and PBT tumbled by 87.63% to Rs 2.56 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 189.28 crore in FY26, as against Rs 170.39 crore in FY25. MSP Steel & Power Ltd jumped 14.58% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 4.36% during the same period.
