Steel Exchange India FY26 net profit rises to ₹2.70 billion

1 min read     Updated on 26 May 2026, 06:28 AM
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Jubin VScanX News Team
AI Summary

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 Day5 Days1 Month6 Months1 Year5 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?

Steel Exchange India Completes NCD Interest Payment Under SEBI Regulation 57(1)

1 min read     Updated on 08 May 2026, 04:21 AM
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AI Summary

Steel Exchange India Limited completed its interest payment of 17081874/- to Secured NCD holders on May 07, 2026, matching the due date with no delay. The payment, under SEBI Listing Regulations 57(1), covers NCDs with an issue size of 3828000000/- and a monthly payment frequency, with the last payment made on 07.04.2026.

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Steel Exchange India Limited has informed the stock exchanges of the timely payment of interest to holders of its Secured Non-Convertible Debentures (NCDs), fulfilling its obligations under Regulation 57(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the interest payment was completed on May 07, 2026, coinciding with the due date, with no delay or change in payment frequency reported.

Interest Payment Details

The company submitted the following details of the interest payment to BSE Limited and the National Stock Exchange of India Limited. The payment relates to Secured NCDs with a monthly interest payment frequency and an issue size of 3828000000/-.

Parameter: Details
Issue Size: 3828000000/-
Interest Amount Due: 17081874/-
Payment Frequency: Monthly
Change in Frequency: NA
Interest Payment Record Date: 01.05.2026
Due Date for Interest Payment: 07.05.2026
Actual Date of Interest Payment: 07.05.2026
Amount of Interest Paid: 17081874/-
Date of Last Interest Payment: 07.04.2026
Reason for Non-Payment/Delay: NA

Regulatory Compliance

The disclosure was submitted to the Department of Corporate Services at BSE Limited and the Listing Department at the National Stock Exchange of India Limited on May 07, 2026. The communication was signed by Raveendra Babu M, Company Secretary and Compliance Officer, on behalf of Steel Exchange India Limited. The company has requested both exchanges to take the submission on record, confirming full compliance with the applicable SEBI listing regulations.

Historical Stock Returns for Steel Exchange India

1 Day5 Days1 Month6 Months1 Year5 Years
+1.25%+4.79%+5.11%+20.55%+25.45%+60.06%

How has Steel Exchange India's consistent NCD interest payment track record influenced investor confidence in its debt instruments compared to peers in the steel sector?

Given the ₹382.8 crore NCD issue size, what are Steel Exchange India's plans for refinancing or retiring this debt as it approaches maturity?

How might rising raw material costs and fluctuating steel prices impact Steel Exchange India's ability to sustain timely NCD interest payments in future quarters?

More News on Steel Exchange India

1 Year Returns:+25.45%