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Steamhouse India Shares Surge 6% Following Strong Q1 Profit
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CNBC TV18•06-10-2026, 09:21
Steamhouse India Shares Surge 6% Following Strong Q1 Profit
- •Shares of Steamhouse India gained 6% following a robust financial performance for the first quarter of FY27.
- •Revenue for Q1FY27 increased 13% year-on-year to ₹128 crore, up from ₹113 crore in the previous year.
- •Profit after tax surged 80% to ₹18 crore, while EBITDA rose 60% year-on-year to ₹31 crore.
- •The company maintained its steam margins through a pass-through mechanism despite inflationary pressures and higher coal prices.
- •Steamhouse India operates seven community steam boilers with over 170 industrial customers primarily across Gujarat.
Key Questions Answered
For Q1FY27, Steamhouse India reported a 13% year-on-year increase in revenue to ₹128 crore. Its EBITDA rose 60% to ₹31 crore with margins improving to 24%, while profit after tax jumped 80% to ₹18 crore.
Steamhouse India made its stock market debut in September 2026, listing its shares at ₹94.50, which marked a 17% premium over its issue price.
Steamhouse India is engaged in the generation and distribution of industrial steam through a pipeline network, along with nitrogen distribution, waste-to-steam projects, and other industrial utility solutions serving diverse sectors.
