Annual Report for the Financial Year 2025-26.

FY2026 results: Standalone: Revenue 303.8bn (₹30,378.67 lakh) vs 326.4bn (₹32,637.27 lakh) in FY2025 Profit After Tax 18.8bn (₹1,884.79 lakh) vs 21.4bn (₹2,143.39 lakh) in FY2025 EBITDA 32.4bn (₹3,236.61 lakh) vs 37.7bn (₹3,771.57 lakh) in FY2025 EBITDA margin 10.7% (11.6%) approx. Consolidated: Revenue 303.8bn (₹30,378.67 lakh) Profit After Tax 18.7bn (₹1,871.74 lakh) EBITDA 31.1bn (₹3,113.84 lakh) EBITDA margin approx. 10.2% Dividend: Rs 2.25/share (22.5%) recommended for FY2026 Commentary: The company reported lower revenue and profitability due to lower per ton realization. It produced 37,981 MT sponge iron, 20,202 MT pig iron, 71,242 MT billets and 62,861 MT TMT bars. The company is investing in a wholly owned subsidiary in Abu Dhabi for a steel manufacturing project with estimated cost of ₹175 crore, funded partly by preferential issue of equity shares and warrants aggregating ₹69.3 crore. The Board recommended a final dividend of Rs 2.25 per share subject to shareholder approval.