Steamhouse India tumbles from record high as profit falls sequentially, margin contracts

Steamhouse India

30/10/2026 07:28

** Shares of Steamhouse India STEO.NS slide 10% to 131.82 rupees, hitting exchange-mandated lower limit 
** Stock hit a record high of 151.71 rupees on Thursday after listing on September 17, 2026
** Industrial gas utility co reports September-quarter consolidated net profit sequentially falls 57.6% to 77.7 million rupees ($816,262.21)
** EBITDA margin contracted to 19.28% in the quarter from 24.05% in the previous quarter
** Revenue from operations falls 0.8% sequentially to 1.28 billion rupees 
** However, co's September-quarter consolidated net profit increases 167% Y/Y, revenue from operations up 2.4% Y/Y
** Stock up 28.5% since listing 


($1 = 95.1900 Indian rupees)

 (Reporting by Payel Das in Bengaluru)
 ((Payel.das@thomsonreuters.com))