Rajputana Stainless Limited reported its full-year audited financial results on Monday, crossing the ₹1,000 crore revenue milestone for the first time while posting a sharp rise in quarterly profit, sending its shares up 3.49 per cent to ₹131.50 on the NSE by mid-morning.

The Gujarat-based stainless steel manufacturer reported net profit of ₹49.82 crore for FY26, a 25.01 per cent jump year-on-year from ₹39.85 crore in FY25.

Revenue from operations rose 8.05 per cent to ₹1,006.96 crore, compared to ₹931.93 crore the previous year. Profit before tax climbed to ₹66.35 crore from ₹54.63 crore in FY25.

The quarterly numbers were sharper. For Q4FY26, net profit surged 58.47 per cent year-on-year to ₹13.10 crore from ₹8.27 crore in Q4FY25. Revenue from operations for the quarter rose a modest 2.82 per cent to ₹254.91 crore from ₹247.91 crore in the same period last year.

The Board of Directors, at its meeting held on May 25, 2026, approved the audited results and recommended a final dividend of ₹0.50 per equity share — 5 per cent of face value — for FY26, subject to shareholder approval.

The company attributed the performance to demand from engineering, wire, fastener, and infrastructure-linked industries, alongside improved operational efficiencies and stronger market realizations.

FY26 was also the company's first full year as a listed entity, having completed its IPO in March 2026 at an issue size of ₹178.73 crore.

The stock listed on March 19, 2026, and has gained 16.34 per cent year-to-date, outpacing the NIFTY IPO index's 4.12 per cent return over the same period. Total market capitalisation stood at ₹1,098.91 crore as of Monday morning.

RSL manufactures stainless steel long and flat products including billets, round bars, wire rods, and hex bars from its integrated facility in Panchmahal, Gujarat, serving sectors including automotive, fasteners, seamless pipes, and pumps, with exports to markets including the UAE, USA, and South Africa.

Published on June 1, 2026