Magnus Steel Stock Hits 5% Upper Circuit as Profits Skyrocket 21% in Landmark Turnaround Year
India, May 4 -- In a pivotal regulatory filing submitted to the BSE on May 1, 2026, Magnus Steel and Infra Limited announced its audited financial results for the quarter and full year ended March 31, 2026.
The company reported a consolidated net profit of Rs4.51 crore for FY26, a massive leap from the losses seen in previous years. For the fourth quarter alone, revenue stood at Rs7.14 crore, with a net profit of Rs1.52 crore and a healthy operating profit margin (OPM) of 21.34%.
The year has been transformative for the enterprise, which recently pivoted from retail to the steel and infrastructure sector. This strategic shift is reflected in the company's name change from Magnus Retail to Magnus Steel & Infra Limited. Beyond the bottom...
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