Shah Alloys Limited announced its standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. The company reported a standalone net profit of Rs 4.45 Crores for the quarter, compared to a net loss of Rs 19.36 Crores in the corresponding quarter of the previous year. On a sequential basis, the net profit declined from Rs 35.22 Crores in the previous quarter. The company’s revenue from operations for the quarter stood at Rs 0.38 Crores.

Shah Alloys Limited is an India-based company primarily engaged in the manufacturing of steel products. The company’s corporate office is located in Gandhinagar, Gujarat. In July 2025, the company decided to close its existing Iron and Steel plant located at Santej, Kalol, citing technology obsolescence and increasing production costs. As part of its operational restructuring in 2025, the company sold its 16-inch Rolling Mill Plant and other machinery, and also divested its shares in its associate, SAL Steel Limited. Additionally, the company entered into a settlement agreement with HDFC Bank in January 2026 to settle its entire dues.

For the financial year ended March 31, 2026, the company reported a standalone net profit of Rs 72.60 Crores, contrasting with a net loss of Rs 27.29 Crores in the previous fiscal year. The standalone revenue from operations for the full year 2025-26 was Rs 37.27 Crores. Exceptional items, including gains from the sale of plant machinery and the disinvestment of associate shares, significantly impacted the financial results for the year. The board also approved the appointment of M/s. GMCA & Co. as the internal auditor for the financial year 2026-27.