Shree Steel Wire Ropes Q1 Results FY27: Company Turns Around with PAT of Rs 0.23 Crore as Revenue Doubles
- July 14, 2026
- Posted by: Neeraj Pandey
- Category: News
Shree Steel Wire Ropes Q1 FY27: revenue Rs 2 Cr, up 122.17% YoY. Net profit Rs 0.23 Cr, up from a loss. Stock at Rs 34.99, up 7.99% on 13 July 2026.
Shree Steel Wire Ropes Q1 results FY27 were announced on Monday, 13 July 2026, with the wire ropes manufacturer reporting standalone revenue of Rs 2 crore for the quarter ended 30 June 2026, up 122.17% from Rs 1 crore in the year ago quarter. The company turned around to a net profit of Rs 0.23 crore in the Shree Steel Wire Ropes Q1 results FY27, compared with a loss of Rs 0.19 crore in Q1 FY26, while gross profit also swung to positive territory.
Shares of Shree Steel Wire Ropes rose 7.99% to close at Rs 34.99, with the market rewarding both the sharp revenue growth and the swing back to profitability after a loss-making year-ago quarter.
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Shree Steel Wire Ropes Q1 results FY27 Financial Highlights
The June quarter marked a clear turnaround on every metric, a recovery central to the Shree Steel Wire Ropes Q1 results FY27. The table below summarises the standalone numbers against the year ago quarter, in rounded crore terms.
| Metric | Q1 FY27 | Q1 FY26 | YoY Change |
|---|---|---|---|
| Revenue | Rs 2 Cr | Rs 1 Cr | +122.17% |
| Gross Profit | Rs 0.19 Cr | -Rs 0.14 Cr | Turned positive |
| Net Profit (PAT) | Rs 0.23 Cr | -Rs 0.19 Cr | Turned positive |
Revenue more than doubling alongside a swing from loss to profit in the Shree Steel Wire Ropes Q1 results FY27 suggests the company is benefiting from improved order volumes or capacity utilisation at its wire ropes manufacturing operations, though the small absolute scale warrants some caution before extrapolating the trend.
Shree Steel Wire Ropes Q1 results FY27 Performance Analysis
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The clearest signal in the Shree Steel Wire Ropes Q1 results FY27 is the swing from a loss in the year ago quarter to a modest profit this quarter, a turnaround that came alongside revenue more than doubling, suggesting that higher volumes helped the company cross into profitable territory by better absorbing its fixed costs.
Shree Steel Wire Ropes manufactures steel wire ropes used across industrial, construction, marine and material handling applications, a business where profitability is closely tied to capacity utilisation, given the relatively fixed cost nature of wire rope manufacturing operations.
Given the very small absolute scale of profit reflected in the Shree Steel Wire Ropes Q1 results FY27, with net profit at just Rs 0.23 crore, investors should view this as an early-stage recovery rather than an established trend, with several more quarters of consistent performance needed to confirm the turnaround is durable.
Shree Steel Wire Ropes Q1 results FY27: Key Business Factors
1. Revenue Recovery Driving Fixed Cost Absorption
Revenue more than doubling in the Shree Steel Wire Ropes Q1 results FY27 appears to be the primary driver of the swing to profitability, as higher volumes helped the company better absorb the largely fixed costs typical of wire rope manufacturing.
2. Industrial and Construction End-Use Demand
As a wire ropes manufacturer, demand is tied to industrial, construction, marine and material handling activity, sectors where a pickup in capital expenditure or infrastructure activity could support continued volume growth.
3. Small Scale Operations
With revenue still at just Rs 2 crore in the Shree Steel Wire Ropes Q1 results FY27, the company operates at a very small scale, meaning continued growth in order volumes will be essential to sustain and build on this quarter’s turnaround.
Dividend Details
No dividend was announced along with the Shree Steel Wire Ropes Q1 results FY27. Given the company’s recent history of losses and the very small scale of the current turnaround, retaining any available capital for operations is the more likely near-term priority.
Shree Steel Wire Ropes Q1 results FY27 Outlook for the Full Year
Whether this quarter’s turnaround can be sustained into the September quarter and beyond is the key question for investors to track. Continued revenue growth, stable or improving capacity utilisation, and consistency in profitability across subsequent quarters would strengthen confidence that this represents a genuine business recovery rather than a one-off improvement.
Shree Steel Wire Ropes Stock Performance After the Q1 Results
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Shree Steel Wire Ropes share price rose 7.99% to close at Rs 34.99 after the Shree Steel Wire Ropes Q1 results FY27, with the market responding positively to both the revenue growth and the return to profitability.
As a small cap industrial stock coming off a loss-making period, the counter is likely to see continued volatility as the market assesses whether this quarter’s improvement can be sustained across future results.
Key Risks
Investors going through the fine print of the Shree Steel Wire Ropes Q1 results FY27 should also weigh the following risks.
1. Early-Stage Turnaround Risk
With profit at just Rs 0.23 crore in the Shree Steel Wire Ropes Q1 results FY27, this remains an early-stage recovery, and a reversal to losses in future quarters cannot be ruled out given the company’s recent history.
2. Small Scale and Limited Diversification
Operating at a very small revenue scale with likely concentrated customer relationships, the company has limited buffer against any single client or order disruption.
3. Industrial Demand Cyclicality
Demand for wire ropes is tied to broader industrial, construction and infrastructure activity, which can slow during periods of economic softness, potentially reversing the volume gains seen this quarter.
Conclusion
Shree Steel Wire Ropes Q1 results FY27 show a clear turnaround, with revenue up 122.17% to Rs 2 crore and the company swinging to a net profit of Rs 0.23 crore from a loss in the year ago quarter. The return to profitability is the standout feature of the Shree Steel Wire Ropes Q1 results FY27, though the very small scale means this should be viewed as an early-stage recovery. Investors should track subsequent quarters for confirmation and consult a SEBI-registered advisor before acting on the numbers.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Shree Steel Wire Ropes Q1 results FY27
When were the Shree Steel Wire Ropes Q1 results FY27 announced?
Ans. The Shree Steel Wire Ropes Q1 results FY27 were announced on Monday, 13 July 2026, for the quarter ended 30 June 2026.
What was the revenue in Shree Steel Wire Ropes Q1 results FY27?
Ans. Revenue in the Shree Steel Wire Ropes Q1 results FY27 rose 122.17% year on year to Rs 2 crore from Rs 1 crore.
Did Shree Steel Wire Ropes turn profitable in Q1 FY27?
Ans. Yes. The Shree Steel Wire Ropes Q1 results FY27 show the company swinging to a net profit of Rs 0.23 crore, compared with a loss of Rs 0.19 crore in Q1 FY26.
What does Shree Steel Wire Ropes manufacture?
Ans. Shree Steel Wire Ropes manufactures steel wire ropes used across industrial, construction, marine and material handling applications.
How did Shree Steel Wire Ropes share price react to the Q1 results FY27?
Ans. Shree Steel Wire Ropes share price rose 7.99% to close at Rs 34.99 after the Shree Steel Wire Ropes Q1 results FY27.
Is Shree Steel Wire Ropes a good buy after the Q1 results FY27?
Ans. The Shree Steel Wire Ropes Q1 results FY27 show an encouraging early-stage turnaround, though the very small scale means more quarters of consistent performance are needed to confirm the trend. This article is for educational purposes only. Consult a SEBI-registered advisor before investing.
