New Delhi, July 23 -- Magnus Steel and Infra share price hit the 5% upper circuit on Thursday, 23 July, after the company reported a sharp improvement in its June quarter (Q1 FY27) earnings.

The company posted a 490.6% year-on-year surge in net profit to Rs.241.13 lakh for the quarter ended 30 June 2026, compared with Rs.40.83 lakh in the corresponding quarter last year.

Revenue from operations jumped 273.7% YoY to Rs.730.25 lakh, up from Rs.195.43 lakh in Q1 FY26, driven by higher business activity.

On the cost front, total expenses stood at Rs.489.12 lakh, lower than Rs.561.39 lakh reported in the preceding March quarter. Profit before tax (PBT) came in at Rs.241.13 lakh. The company did not provide for any tax expense during the qua...