Sunflag Iron & Steel Company News

Sunflag Iron and Steel Reports Q2 Net Profit of ₹45.57 Crore, Down 26.5% Year-on-Year

Sunflag Iron and Steel Company Limited reported net profit of ₹45.57 crore for the second quarter ended September 30, 2025, compared to ₹62.04 crore in the previous quarter and ₹40.95 crore in the same quarter last year. Revenue from operations stood at ₹972.99 crore versus ₹1,023.23 crore in the previous quarter and ₹865.74 crore year-on-year. For the half-year period, net profit reached ₹107.61 crore compared to ₹68.53 crore in the corresponding period last year. The company's earnings per share for the quarter was ₹2.53 compared to ₹3.44 in the previous quarter. Other comprehensive income showed a significant loss of ₹1,865.70 crore primarily due to mark-to-market losses on equity shares held in Lloyds Metal & Energy Limited. The Board of Directors approved these unaudited financial results at their meeting held on November 13, 2025.

Sunflag Iron and Steel CEO Brijendra Kumar Tiwari Resigns Due to Personal Reasons

Sunflag Iron and Steel Company Limited announced the resignation of Chief Executive Officer Brijendra Kumar Tiwari due to personal reasons. Tiwari submitted his resignation on October 22, 2025, and was relieved from his duties effective close of business hours on October 31, 2025. The company disclosed this information to BSE and NSE as required under SEBI listing regulations.