Refractory Shapes Limited — Results, 25-05-2026: Integrated Filing- Financial

Refractory Shapes Ltd. announced its audited consolidated financial results for the year ended March 31, 2026. The company also moved to extinguish its equity investment in Excel Micron (Poona) Pvt. Ltd., ending its associate company status.

**Financial Performance:** Total revenue hit Rs 58.57 Cr, a minor 2.09% YoY dip from Rs 59.82 Cr.

**Profitability & EPS:** Net profit dropped sharply by 23.5% YoY to Rs 4.79 Cr (vs Rs 6.26 Cr). EPS also fell from Rs 2.87 to Rs 2.20.

**Drivers & Expenses:** Profitability was squeezed by a slight revenue drop coupled with rising costs in materials, manufacturing, employee benefits, and finance.

**Final Lens for Investors:** The results show mixed momentum; revenue stabilized, but annual profitability took a significant hit.