Scan Steels Reports Lower Revenue and Profit in Q1 FY2026 Amid Trading Suspension
Scan Steels Limited reported a decline in financial performance for Q1 FY2026. Total income decreased to ₹232.05 crore from ₹235.94 crore in Q1 FY2025. Net profit fell to ₹10.04 crore from ₹14.56 crore, and EBITDA dropped to ₹13.43 crore from ₹18.63 crore. The company received an NCLAT order regarding public shareholding increase and is processing a listing application with BSE Limited. Trading of Scan Steels' equity shares remains suspended due to procedural reasons.
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Scan Steels Limited , a prominent steel manufacturer, has released its financial results for the first quarter of fiscal year 2026, revealing a decline in both revenue and profitability. The company continues to face challenges, including a trading suspension of its equity shares.
Financial Performance
For Q1 FY2026, Scan Steels reported:
- Total income of ₹232.05 crore, down from ₹235.94 crore in Q1 FY2025
- Net profit of ₹10.04 crore, a decrease from ₹14.56 crore year-over-year
- EBITDA of ₹13.43 crore, compared to ₹18.63 crore in the same quarter last year
| Financial Metric | Q1 FY2026 | Q1 FY2025 | Change |
|---|---|---|---|
| Total Income | ₹232.05 crore | ₹235.94 crore | -1.65% |
| Net Profit | ₹10.04 crore | ₹14.56 crore | -31.04% |
| EBITDA | ₹13.43 crore | ₹18.63 crore | -27.91% |
The financial results indicate a challenging quarter for Scan Steels, with declines across key metrics.
Corporate Developments
- On July 15, 2025, Scan Steels received an order from the National Company Law Appellate Tribunal (NCLAT) regarding an increase in public shareholding.
- The company is currently processing a listing application with BSE Limited.
- Trading in Scan Steels' equity shares remains suspended due to procedural reasons.
Board Approval
The Board of Directors of Scan Steels Limited approved these unaudited financial results on August 7, 2025.
Looking Ahead
While Scan Steels faces ongoing challenges, including the trading suspension and declining financial performance, the company is taking steps to address regulatory requirements and potentially resume trading. The outcome of the listing application with BSE Limited and the implementation of the NCLAT order will be crucial for the company's future market presence.
Historical Stock Returns for Scan Steels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.23% | -5.65% | -21.12% | -4.81% | -19.14% | +91.87% |
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