Scan Steels Limited announced its unaudited financial results for the third quarter ended December 31, 2025, demonstrating steady operational performance with revenue growth compared to the previous year. The steel manufacturing company reported its quarterly results under Regulation 33 of SEBI listing requirements.

Q3FY26 Financial Performance

The company's standalone financial results showed positive momentum in the third quarter of FY26. Total income from operations reached ₹19,189.05 lakhs, marking a notable improvement from the previous quarter's performance of ₹13,301.98 lakhs.

Nine-Month Performance Overview

For the nine months ended December 31, 2025, Scan Steels reported total income from operations of ₹51,070.34 lakhs compared to ₹51,191.94 lakhs in the corresponding period of the previous year. The company achieved net profit after tax of ₹1,281.45 lakhs for the nine-month period, compared to ₹1,622.89 lakhs in the same period last year.

Consolidated Results

The consolidated financial results showed similar trends with total income from operations of ₹19,189.05 lakhs for Q3FY26. Net profit after tax on a consolidated basis stood at ₹347.77 lakhs for the quarter, with consolidated earnings per share of ₹0.59.

Corporate Governance and Compliance

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on February 5, 2026. The statutory auditors conducted a limited review of the results for the quarter and nine months ended December 31, 2025.

Scan Steels Limited operates exclusively in steel manufacturing and does not have separate reportable segments as per IND AS-108. The company maintains its equity share capital at ₹5,860.23 lakhs with a face value of ₹10 per share. The results are available on the company's website at www.scansteels.com and on the BSE website at www.bseindia.com .

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Financial Performance Overview

The company's financial performance for Q3FY26 demonstrates ongoing operational difficulties across key metrics:

The company reported zero revenue from operations and other income during the quarter, while total expenses increased significantly to ₹4.16 lakhs from ₹1.87 lakhs in the corresponding quarter of the previous year. All expenses were categorized under "other expenses," indicating administrative and operational costs without corresponding revenue generation.

Half-Yearly and Annual Performance

The cumulative performance shows deteriorating trends across reporting periods:

For the half-year ended December 31, 2025, the company's net loss increased to ₹7.42 lakhs compared to ₹3.45 lakhs in the corresponding period of the previous year, representing a 115.07% increase in losses.

Balance Sheet Position

The company's financial position as of December 31, 2025, reflects the impact of continued losses:

Despite operational losses, the company's cash position improved marginally to ₹1.03 lakhs from ₹0.72 lakhs. However, total equity declined to ₹55.18 lakhs from ₹69.80 lakhs, primarily due to accumulated losses reflected in negative other equity of ₹528.58 lakhs.

Cash Flow Analysis

The cash flow statement for the year ended December 31, 2025, shows:

The company generated positive cash flow from operating activities of ₹31,101 lakhs during the year, primarily due to changes in working capital components including other current liabilities and trade receivables.

Regulatory Compliance

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) 34 on Interim Financial Reporting, prescribed under Section 133 of the Companies Act, 2013, and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by statutory auditors A. C. Jhaveri & Associates, who provided a limited review report confirming compliance with applicable accounting standards and regulatory requirements.