Turnaround Story: This Single-Digit PE Stock Hits 5% Upper Circuit as Q1 FY27 Profit Soars Nearly 488% YoY

On Thursday, Indian equity benchmark indices traded lower, with the benchmark Nifty 50 index declining 51.55 points, or 0.22 per cent, to 23,944.70. Despite the weak market sentiment, Magnus Steel & Infra share price was locked in the 5 per cent Upper Circuit at Rs 52.04, as investors cheered the company's strong turnaround performance for the quarter ended June 30, 2026.

Magnus Steel & Infra Q1 FY27 Results

Magnus Steel & Infra reported revenue from operations of Rs 7.30 crore in Q1 FY27, registering a 273.64 per cent YoY growth from Rs 1.95 crore in the corresponding quarter last year. The company's operating profit surged to Rs 2.41 crore from Rs 0.48 crore, while the operating profit margin (OPM) expanded sharply to 33.01 per cent from 24.62 per cent in Q1 FY26.

The company reported a profit before Tax (PBT) of Rs 2.41 crore, compared with Rs 0.41 crore in the year-ago quarter. Net profit jumped 487.80 per cent YoY to Rs 2.41 crore from Rs 0.41 crore in Q1 FY26, while earnings per share (EPS) increased to Rs 0.46 from Rs 0.08 during the same period.

Sequentially, revenue increased from Rs 7.14 crore in Q4 FY26 to Rs 7.30 crore in Q1 FY27, while net profit improved from Rs 1.52 crore to Rs 2.41 crore, resulting in continued improvement in operating performance.

Magnus Steel & Infra Turnaround Story

The latest quarterly performance highlights the company's turnaround over the past few quarters. Magnus Steel & Infra had reported losses throughout FY24 before returning to profitability in the quarter ended March 2025. Since then, the company has delivered consistent improvement in revenue, profitability and operating margins. Operating profit has increased from Rs 0.29 crore in Q4 FY25 to Rs 2.41 crore in Q1 FY27, while net profit has grown from Rs 0.22 crore to Rs 2.41 crore over the same period.
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About Magnus Steel & Infra

Magnus Steel & Infra Ltd, formerly known as Magnus Retail Limited, is engaged in the steel and infrastructure business. The company underwent a strategic transformation from its earlier retail-focused operations and is now focused on expanding its presence in the steel and infrastructure segment.

Incorporated in 1978, the company is headquartered in Nashik, Maharashtra. Through its business transformation, Magnus Steel & Infra aims to strengthen its position in the infrastructure value chain while improving operational efficiency and profitability.

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Disclaimer: The article is for informational purposes only and not investment advice.