Modern Malleables Net Profit Surges 210% YoY to ₹12.1 Crore in Q2 FY27

Key numbers

1-Year Price Change	1119.18%Outperformer
Market Cap	₹518.54 CrMicro Cap
P/E Ratio	21.26Sector 17.05
Promoter Holding	59.37%Stable

Key highlights

• Net profit reached ₹12.1 crore in Q2-27, up from ₹3.9 crore in the same period last year
• Revenue from operations grew to ₹62.8 crore, representing a 64.8% YoY increase
• Operating margins expanded to 25.8% from 13.6% in the year-ago quarter
• On a sequential basis, net profit grew 61.3% from ₹7.5 crore in Q1-27
• The stock has delivered a 1-year price return of 1,119.18% as of November 2026

Strong Volume Growth Drives Top-line Performance

Modern Malleables, operating in the Iron and Steel Products sector, saw its revenue from operations climb to ₹62.8 crore in Q2-27, a significant rise from the ₹38.1 crore reported in Q2-26. This sequential and year-on-year improvement continues a positive trajectory observed throughout the 2026 calendar year, following standalone net profits of ₹8.79 crore in Q4 FY26 and ₹7.50 crore in Q1 FY27. The company's focus on the power and telecommunications utility markets has supported this revenue scale-up, allowing for better absorption of fixed costs and a stronger presence in its core manufacturing segments.

Operational Efficiency and Margin Expansion

• Operating margins reached 25.8%, a marked improvement from 13.6% in Q2-26
• Total expenses for the quarter were contained at ₹46.64 crore despite higher revenue
• Cost of materials consumed stood at ₹42.79 crore for the quarter
• Finance costs remained relatively low at ₹0.28 crore, supporting bottom-line growth
• The company reported a profit before tax of ₹16.2 crore for the September quarter

Business Diversification and Sector Focus

The Company is engaged in the Power sectors and diversified in Telecommunication Sector. The Company procures business from the utilities in India for Power & Telecom markets. Your Company is making all efforts to achieve its core manufacturing activities in order to achieve its objectives.

Asset Base and Financial Health

As of September 30, 2026, the company's total assets stood at ₹250.61 crore, with a significant portion allocated to non-current investments totaling ₹149.82 crore. Inventory levels were maintained at ₹40.60 crore to support ongoing manufacturing requirements. The company's financial health is reflected in a Piotroski score of 7, indicating strong performance across profitability, leverage, and operating efficiency metrics.

With a Price-to-Earnings (P/E) ratio of 21.26 compared to the industry average of 31.73, the stock's valuation reflects its recent growth phase and market position in the Metals and Mining space.

What to watch next

• Execution of core manufacturing objectives in the Power and Telecom sectors
• Quarterly results for the period ending December 31, 2026, expected in February 2027
• Management of trade receivables, which stood at ₹45.27 crore as of September 30, 2026

Modern Malleables · financial snapshot

Share price	₹44.5
Market capitalisation	₹518.54 Cr
Revenue (annual)	₹150.87 Cr
Net profit (annual)	₹19.32 Cr
Revenue (latest quarter)	₹55.23 Cr+3.33% vs previous quarter
Net profit (latest quarter)	₹7.50 Cr-14.65% vs previous quarter
P/E (TTM)	21.26×Sector 17.05×
Promoter holding	59.37%0.00% QoQ
FII holding	0.05%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.