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Rajputana Stainless shares jump to record high after Q1 strength
The company reported Q1 FY27 revenue from operations of ₹306.54 crore, up 32.4% year over year, alongside an 80.5% rise in profit after tax to ₹20.20 crore.
Rajputana Stainless stock surged 10% to a record high on the BSE on 13 August, following strong June quarter results, according to LiveMint Markets. The shares opened at ₹160, compared with the previous close of ₹156.05, and climbed to an all-time high of ₹171.80 despite weak broader market sentiment.
After market hours on 12 August, the stainless-steel products maker reported Q1 FY27 revenue from operations growth of 32.4% year over year to ₹306.54 crore, up from ₹231.50 crore in the year-ago quarter. Total income rose to ₹308.84 crore, nearly 33% higher than ₹232.42 crore in Q1FY26.
Profit before tax increased 83% year over year to ₹27.24 crore, while profit after tax jumped 80.5% to ₹20.20 crore from ₹11.19 crore in the corresponding quarter last year. Earnings per share improved to ₹2.42 from ₹1.62.
In commentary shared with the results, Rajputana Stainless said the strong start to FY27 reflects growing demand for its stainless steel products and continued focus on operational efficiency, while it plans to strengthen manufacturing capabilities and expand its market presence. The shares, which debuted on Indian bourses on 19 March, were up 41% from their issue price of ₹122 at ₹171.80.