{"url":"https://newsforagent.com/news/2026-10-24/german-green-steel-q1-profit-ipo","markdown_url":"https://newsforagent.com/news/2026-10-24/german-green-steel-q1-profit-ipo.md","title":"German Green Steel Q1 net profit rises 16.7% to ₹18.02 crore","headline":"German Green Steel and Power posts ₹18.02 crore standalone Q1 profit as consolidated net falls 5%","description":"German Green Steel and Power reported ₹18.02 crore standalone net profit for Q1FY27, up 16.7%, while consolidated net profit fell 5% to ₹21.64 crore.","section":"Earnings & Results","published_at":"2026-10-24T14:13:31+00:00","modified_at":"2026-10-24T14:13:31+00:00","author":"News Desk","key_takeaways":["German Green Steel and Power reported standalone net profit of ₹18.02 crore for Q1FY27, up 16.7% from ₹15.43 crore a year earlier.","Standalone revenue from operations rose 7.2% to ₹31.25 crore, while consolidated net profit declined 5.0% to ₹21.64 crore.","The company raised ₹290 crore through an IPO of 2.19 crore equity shares at ₹139 per share, with shares allotted on September 30, 2026."],"companies":[{"name":"German Green Steel and Power","is_primary":true,"profile_url":"https://akta.pro/company-profiles/006dhqx/german-green-steel-and-power","website":"https://www.germansteel.in"}],"source":{"publisher":"ScanX","title":"German Green Steel Q1FY27 Results: Net profit up 16.7% YoY to ₹18.02 crore","url":"https://scanx.trade/stock-market-news/companies/german-green-steel-q1fy27-results-net-profit-up-16-7-yoy-18-02-crore/54393280"},"other_sources":[],"tags":["Earnings & Results","German Green Steel and Power"],"body_markdown":"[German Green Steel and Power](https://akta.pro/company-profiles/006dhqx/german-green-steel-and-power) reported a standalone net profit of ₹18.02 crore for the quarter ended June 30, 2026, up 16.7% from ₹15.43 crore a year earlier, [ScanX](https://scanx.trade/stock-market-news/companies/german-green-steel-q1fy27-results-net-profit-up-16-7-yoy-18-02-crore/54393280) reported. The Ahmedabad-based steel manufacturer disclosed the unaudited results after a board meeting on October 24, 2026.\n\n## Standalone Profit Rises as Consolidated Net Falls\n\nStandalone revenue from operations reached ₹31.25 crore, a 7.2% increase from ₹29.17 crore in Q1FY26. Total income rose 8.1% to ₹31.65 crore, and total expenses also rose 8.1% to ₹29.29 crore. Profit before tax was ₹23.60 crore, up 7.3% from ₹22.00 crore. Earnings per share for the standalone entity rose to ₹3.36 from ₹2.93.\n\nOn a consolidated basis, which includes subsidiary German TMT Private Limited, net profit attributable to owners was ₹21.54 crore, while total revenue reached ₹46.31 crore. Consolidated revenue from operations grew 0.8% to ₹46.31 crore from ₹45.93 crore. Consolidated net profit declined 5.0% to ₹21.64 crore from ₹22.77 crore, and consolidated EPS fell to ₹4.02 from ₹4.29.\n\n## German Green Steel's Installed Capacity\n\nGerman Green Steel and Power is a vertically integrated Indian steel manufacturer based in Gujarat producing TMT bars, MS billets, sponge iron, and specialty coated steel products for construction, infrastructure, and EPC customers primarily in western India, according to [akta.pro company records](https://akta.pro/company-data). The same records list installed capacity of 66,000 MTPA for sponge iron, 357,000 MTPA for MS billets, and 302,000 MTPA for TMT bars.\n\n## IPO and Listing Steps Before the Results\n\nGerman Green Steel and Power updated its CIN prefix from U to L and changed its listing status to 'Yes' on MCA records, following its equity listing on BSE and NSE, ScanX reported in October 2026. The company appointed Bigshare Services Private Limited as its Registrar & Share Transfer Agent, effective immediately, and intimated BSE and NSE on October 10, 2026, ScanX reported. German Green Steel and Power appointed Abira Mansuri as company secretary and compliance officer, effective August 1, 2026, with the board approving the appointment on July 21, 2026, ScanX reported.\n\n## IPO Allotment and Listing Dates\n\nSubsequent to the quarter end, the company completed its IPO, issuing 2.19 crore equity shares at ₹139 per share and raising ₹290 crore through a fresh issue. The shares were allotted on September 30, 2026, and listed on the National Stock Exchange and BSE on October 5, 2026.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}