Divya Agarwal
New Delhi [India], July 10: Rathi Steel And Power Limited (“RSPL” or “the Company”), (BSE –504903), one of the leading players in stainless steel long products and TMT bars, has reported a strong operational performance for the first quarter ended June 30, 2026, supported by robust sales volume growth and higher turnover.
The Company recorded total sales volumes of 28,372 MT in Q1 FY27, compared to 21,864 MT in Q1 FY26, representing a strong year-on-year growth of about 30%. Revenue for the quarter exceeded ₹193 Cr, reflecting growth of more than 24% year-on-year compared to the corresponding quarter of the previous financial year.
The performance was supported by the Company’s diversified product portfolio across Stainless Steel (S.S.) products and MS TMT rebars, along with continued efforts to expand its market reach. This balanced approach enabled the Company to strengthen volumes and turnover while navigating challenging market conditions.
TMT Rebar Segment Drives Volume Growth
The TMT rebar segment was a key contributor to the Company’s performance during the quarter, with sales volumes more than doubling from 8,295 MT in the corresponding quarter of the previous financial year to 18,677 MT in Q1 FY27.
The strong scale-up in TMT rebar sales strengthened the Company’s overall product mix and provided greater flexibility to respond to varying demand conditions across segments.
Resilient Performance Amid Market Volatility
The Company delivered this growth despite an operating environment marked by adverse geopolitical conditions, volatile energy costs and fluctuating demand momentum. Its focus on optimising the product mix and expanding its market footprint helped mitigate the impact of elevated energy costs and softer demand in select sectors.
Going forward, the Company remains focused on leveraging its diversified capabilities to capitalise on emerging opportunities, while maintaining a disciplined approach to cost management amid an evolving global operating environment.
*The quantitative volume figures mentioned do not include miscellaneous items.
About Rathi Steel and Power Limited
Rathi Steel and Power Limited (RSPL), headquartered in Ghaziabad, Uttar Pradesh, is a leading manufacturer of stainless steel and mild steel products. Established in 1971, the company carries forward the renowned Rathi legacy built over five decades of innovation, trust, and quality in steel manufacturing.
Operating a modern integrated facility spread across about 12.5 acres in the NCR region, RSPL has a steel melting capacity of about 85,000 tonnes per annum and a rolling capacity of 2,00,000 tonnes per annum. Its diverse product portfolio includes stainless steel wire rods, billets, MS TMT bars etc. It is India’s only stainless-steel wire rod manufacturer using direct billet charging technology, ensuring superior energy efficiency and lower carbon emissions. With dealer outlets spread across several northern states, the company has a strong retail footprint, and its Rathi-branded products have been used in several marquee infrastructure projects.
RSPL has maintained a robust financial position, maintaining minimal debt and strengthening its operational base through cost efficiency, technology upgrades, and renewable energy integration through open access power purchase. The company is now focusing on expanding its 550D TMT bar segment, which has evolving demand from all major real estate developers, as the product is at par in quality with the main producers, and the manufacturing vide the recycling route will give an added advantage to the company.
In FY26, RSPL reported Total Income of ₹716.49 Cr, EBITDA of ₹28.90 Cr, and PAT of ₹12.87 Cr.
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