Scan steels Ltd announced its Q3FY26 financial results on February 05, 2026, reporting strong operational performance alongside a major strategic acquisition. The board meeting, held at the company's Bhubaneswar office, approved both standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025.

Q3FY26 Financial Performance

The company delivered robust financial results for the third quarter, demonstrating strong operational efficiency across key metrics.

Nine Months Performance Overview

For the nine-month period ended December 31, 2025, Scan Steels maintained consistent growth momentum with improved profitability metrics.

Strategic Acquisition of Bindals Sponge Industries

Scan Steels announced a significant acquisition through the NCLT resolution process, partnering with Kalinga Allied Industries India Private Limited to acquire Bindals Sponge Industries Limited.

Corporate Governance and Compliance

The board meeting, conducted from 4:00 PM to 5:30 PM, addressed multiple regulatory requirements under SEBI Listing Regulations. Company Secretary Prabir Kumar Das ensured proper compliance with all disclosure norms. The financial results received limited review certification from statutory auditors DAS PATTNAIK & CO, confirming adherence to Indian Accounting Standards.

The acquisition aligns with Scan Steels' expansion strategy in the steel manufacturing sector, providing access to additional production facilities and strengthening market position through the NCLT-approved resolution plan.

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Scan Steels Limited , a prominent player in the steel manufacturing sector, has released its unaudited financial results for the second quarter and half-year ended September 30, 2025, revealing a mixed performance.

Revenue and Profitability

For the quarter ended September 30, 2025, Scan Steels reported gross sales of Rs 13,295.69 lakhs, marking a decrease from Rs 13,994.70 lakhs in the corresponding quarter of the previous year. Despite the revenue decline, the company showed signs of recovery on the profitability front.

The company posted a net loss of Rs 23.41 lakhs for the quarter. However, for the half-year period, Scan Steels achieved a net profit of Rs 994.81 lakhs, indicating a positive trend in overall performance.

Half-Year Performance

The half-yearly results provide a more comprehensive picture of the company's performance:

All figures in Rs lakhs

Earnings Per Share

The basic earnings per share (EPS) for the quarter stood at -0.04, while for the half-year period, it was reported at 1.67.

Board Approval and Segment Information

The Board of Directors of Scan Steels Limited approved these results at their meeting held on October 31, 2025. The company continues to operate in steel manufacturing as its single business segment.

Financial Position

As of September 30, 2025, Scan Steels reported:

• Total assets of Rs 60,122.21 lakhs
• Total equity of Rs 42,754.01 lakhs
• Current liabilities of Rs 13,952.12 lakhs

Cash Flow and Liquidity

The cash flow statement reveals:

• Net cash inflow from operating activities: Rs 1,823.62 lakhs
• Net cash outflow from investing activities: Rs 1,935.49 lakhs
• Net cash outflow from financing activities: Rs 418.61 lakhs

The company's cash and cash equivalents at the end of the period stood at Rs 446.10 lakhs, down from Rs 976.58 lakhs at the beginning of the year.

While Scan Steels faced challenges in the quarter, particularly in terms of revenue, the half-yearly profit suggests a degree of resilience. The company's performance in the coming quarters will be crucial in determining its trajectory for the fiscal year.