Rathi Steel And Power Limited recorded annual revenue of Rs 7,167 million (mn) for fiscal year 2026, reflecting a rise of 41.8 per cent from Rs 5,054.3 mn in FY25. The company reported quarter four revenue of Rs 2,448 mn, underlining operational resilience amid challenging macroeconomic conditions that have affected fuel costs and global trade. Robust full year and quarter performance is presented as evidence of steady demand for its stainless steel long products and TMT bars. Management emphasised that the FY26 figures are provisional and subject to audit.

The firm highlighted its unique direct charging capability in stainless steel wire rod production, which allows hot stainless steel billet to be fed directly into the rolling mill and reduces fuel consumption for reheating. This capability is described as particularly pertinent at a time when energy disruptions have pushed fuel prices higher, increasing input cost pressures across the industry. The company acknowledged that the TMT business is comparatively more exposed to rising fuel costs and is taking mitigation measures to manage the impact on margins. A balanced portfolio spanning stainless steel and TMT products is credited with providing operational flexibility to respond to market conditions.

Improved capacity utilisation in the rolling division is reported to have supported better throughput and scalable operations, contributing to enhanced realisations and productivity. The company attributed part of the revenue growth to operational efficiencies and focused execution across manufacturing and sales channels. It indicated that these factors together enabled the firm to cater to a wider customer base while optimising product mix and pricing.

Promoter commentary conveyed optimism about the strong fundamentals of the Indian economy while acknowledging geopolitical uncertainties and the need for a watchful and cautious approach. The outlook stresses continued emphasis on efficiency, quality and scalable execution as the platform for the next phase of growth without committing to specific forward guidance. Contact details for corporate communications and the company’s adviser were provided, and the release reiterated that forward looking statements are subject to risks and uncertainties.