Steel Exchange India FY26 net profit rises to ₹2.70 billion
Steel Exchange India Limited reported a net profit of ₹2,699.10 million for FY26, compared to ₹2,593.42 million in the previous year. Q4 net profit rose to ₹123.70 million from ₹47.64 million, while revenue for the year declined to ₹105.94 billion. The board appointed Mr. Vankina Sri Rakesh as CFO and Mr. Anirudh Misra as an Additional Director.

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Steel Exchange India Limited reported its audited financial results for the quarter and financial year ended March 31, 2026. The company posted a net profit of ₹2,699.10 million for the full year, compared to ₹2,593.42 million in the previous year. For the quarter ended March 31, 2026, net profit stood at ₹123.70 million, a significant increase from ₹47.64 million in the corresponding period of the previous year.
Financial Performance
The company's revenue from operations for the financial year 2025-26 was ₹105.94 billion, a decrease from ₹114.40 billion in the prior year. Revenue for the fourth quarter was ₹28.73 billion, compared to ₹29.14 billion in Q4 FY25. Operating profitability improved, with EBITDA for the quarter rising to ₹497 million from ₹328 million year-on-year. The EBITDA margin expanded to 17.30% from 11.25% in the year-ago period.
The following table summarises the key financial metrics for the quarter and year:
| Metric: | Q4 FY26 | Q4 FY25 | FY26 | FY25 |
|---|---|---|---|---|
| Net Profit: | ₹123.70 million | ₹47.64 million | ₹2,699.10 million | ₹2,593.42 million |
| Revenue: | ₹28.73 billion | ₹29.14 billion | ₹105.94 billion | ₹114.40 billion |
| EBITDA: | ₹497 million | ₹328 million | - | - |
| EBITDA Margin: | 17.30% | 11.25% | - | - |
Board Appointments
The board of directors, at its meeting held on May 25, 2026, approved the audited financial results. During the meeting, Mr. Vankina Sri Rakesh was appointed as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) with effect from May 25, 2026. Additionally, Mr. Suresh Kumar Bandi was assigned the additional responsibility of the finance function, with his designation revised to "Whole-Time Director designated as Joint Managing Director & Director – Finance" effective from the same date. The board also appointed Mr. Anirudh Misra as an Additional Non-Executive & Non-Independent Director, subject to shareholder approval.
Regulatory Disclosures
The company stated that the audit reports were submitted with an unmodified opinion. The trading window for dealing in the company's shares remains closed until 48 hours after the declaration of the results. The board meeting commenced at 11:30 a.m. and concluded at 2:48 p.m. on May 25, 2026.
Historical Stock Returns for Steel Exchange India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.25% | +4.79% | +5.11% | +20.55% | +25.45% | +60.06% |
What strategic initiatives will the new CFO and Joint Managing Director prioritize to sustain the recent margin expansion?
How does the company plan to address the year-on-year decline in total revenue despite improved profitability?
Are there specific market conditions or operational efficiencies driving the significant EBITDA margin growth in Q4?


































