Steel Exchange India Limited's board meeting on August 4, 2025, resulted in key decisions. The proposed ₹150 crore rights issue was deferred for reassessment. Q1 financial results showed improved performance with total revenue at ₹299.99 crore and net profit at ₹10.23 crore. The board approved the re-appointment of Mr. Suresh Kumar Bandi as Joint Managing Director for three years. The company's debt position remains stable with a Debt Equity Ratio of 0.48.
04Aug 25
Steel Exchange India Reports Strong Q1 Performance with 14% Revenue Growth
Steel Exchange India Limited (SEIL) reported robust Q1 FY24 results. Revenue increased 14% YoY to ₹3.00 billion, while net profit more than tripled to ₹102.00 million. EBITDA grew to ₹314.00 million with an improved margin of 10.47%. The steel segment showed 14.86% YoY growth, while the power segment declined by 19.93%. The company maintained a stable debt-equity ratio of 0.48 and improved its interest service coverage ratio to 2.13. SEIL deferred a decision on a proposed ₹150.00 crore rights issue for future consideration.
28Jul 25
Steel Exchange India to Hold Board Meeting for Q1 FY2026 Results and Rights Issue Re-approval
Steel Exchange India Limited (SEIL) has scheduled a board meeting for August 4, 2025, to approve Q1 FY2026 unaudited financial results and reconsider a Rs 150 crore rights issue. The reconsideration is due to SEBI's new simplified regulations for rights issues introduced on March 3, 2025. The company has closed its trading window from July 1, 2025, until 48 hours after the Q1 results declaration.
21Jul 25
Steel Exchange India Secures ₹210 Crore Order, Boosting Market Position
Steel Exchange India has won a significant order worth ₹210.00 crore, showcasing its competitive strength in the steel industry. The company, with a market capitalization of ₹1,300.00 crore, expects this order to potentially boost its revenue stream and order book. While specific details about the order remain undisclosed, it demonstrates the company's ability to secure large-scale projects in the current market landscape.
19May 25
Steel Exchange India's Q4 Net Profit Drops to ₹48 Crore Amid Revenue Decline
Steel Exchange India Ltd. has released its Q4 financial results, showing a significant decline in performance. Net profit fell by 75.76% year-over-year to ₹48.00 crore from ₹198.00 crore. Revenue decreased by 6.45% to ₹290.00 crore from ₹310.00 crore in the same quarter last year. The company also experienced a sequential decline in profit from ₹159.00 crore in the previous quarter.
22Apr 25
Steel Exchange India's 'Simhadri TMT' Rebars Gain Approvals for Major Infrastructure Projects
Steel Exchange India Limited (SEIL) has obtained significant approvals for its 'Simhadri TMT' steel rebars. NHAI approved the rebars for use in the Bengaluru-Vijayawada Economic Corridor project. The Andhra Pradesh Maritime Board also approved 'Simhadri TMT' for two port projects: the Machilipatnam Greenfield Port and the Mulapeta Greenfield Port. These approvals open up substantial markets for SEIL in major infrastructure projects, recognize the quality of their products, and could potentially lead to increased demand and revenue growth.
21Apr 25
Steel Exchange India's 'Simhadri TMT' Rebars Approved for Major Port Projects in Andhra Pradesh
Andhra Pradesh Maritime Board (APMB) has approved Steel Exchange India Limited's 'Simhadri TMT' steel rebars for use in two major greenfield port projects: Machilipatnam Port in Krishna District and Mulapeta Port in Srikakulam District. The projects are being executed by Megha Engineering & Infrastructures Limited and Vishwa Samudra Ports (JV) respectively. This approval opens significant opportunities for SEIL in the infrastructure sector and demonstrates the quality of their products.
19Mar 25
Steel Exchange India Boosts Production Capacity with Major Plant Expansion
Steel Exchange India Limited (SEIL) has completed a significant expansion of its integrated steel plant in Vijayanagaram District. The billet production mill capacity has increased by 44.80% to 362,000 TPA, while the rolling bar mill capacity has risen by 58.67% to 357,000 TPA. This expansion is expected to save up to Rs 3,000 per ton for certain sizes previously processed externally. The project, financed through term loans and internal accruals, commenced commercial production on March 18, 2025.
03Mar 25
Steel Exchange India Shares Surge 8% as Promoter Reshuffles Pledge
Steel Exchange India Ltd. (SEIL) saw its stock price jump 8.03% to ₹8.47 in intraday trading following news of a pledge restructuring by its promoter, Vizag Profiles Private Limited. The restructuring involved releasing and re-pledging 50,00,000 shares, representing 0.42% of SEIL's total share capital. This move, while involving a small portion of ownership, was viewed positively by the market, potentially indicating improved financial flexibility or investor confidence in the company's management.