The Board of Directors of MSP Steel & Power Limited met on May 30, 2026, and approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company reported a standalone net profit of Rs. 8,530.53 Lakhs for the quarter ended March 31, 2026, compared to a net loss of Rs. 3,419.77 Lakhs in the corresponding quarter of the previous year. Sequentially, the profit increased from Rs. 547.47 Lakhs in the quarter ended December 31, 2025.

MSP Steel & Power Limited, established in 1968, is an integrated steel manufacturing company with facilities located in Raigarh, Chhattisgarh. The company’s operations span the steel value chain, producing sponge iron, billets, and rolled products, supported by its own power generation plant.

The company is currently undertaking a significant capital expenditure program to expand its existing manufacturing facilities in Raigarh. This expansion aims to enhance production capacity, improve operational efficiencies, and strengthen integration across the steel value chain to meet growing product demand. Additionally, in March 2026, the company successfully allotted 2,80,00,000 convertible warrants to the promoter company at a price of Rs. 35 per warrant, raising upfront funds to support modernization and debt repayment initiatives.

For the financial year ended March 31, 2026, the company reported total standalone revenue from operations of Rs. 2,84,296.43 Lakhs and a net profit of Rs. 3,385.09 Lakhs. This marks a turnaround from the net loss of Rs. 2,870.98 Lakhs recorded in the previous financial year. During 2025-26, the company successfully discharged all its obligations under the restructuring arrangement with its consortium of banks, including the payment of a final Right of Recompense (RoR) amount of Rs. 10,163.30 Lakhs.