Steel Exchange India Ltd FY26 Results

Steel Exchange India Ltd reported a net profit of ₹26.99 crore for the fiscal year 2026, an increase from ₹25.93 crore in FY25. Total income, however, saw a decline to ₹1,066.42 crore from ₹1,163.38 crore in the previous year.

Reader Takeaway: Improved margins offset revenue dip; focus on capex and debt reduction.

What just happened

Steel Exchange India Ltd (SEIL) announced its financial results for FY26, reporting a net profit of ₹26.99 crore. This marks an increase from ₹25.93 crore in FY25. The company's total income for FY26 stood at ₹1,066.42 crore, a decrease from ₹1,163.38 crore in FY25. Revenue from operations was ₹1,059.44 crore.

Why this matters

The increase in net profit, despite lower total income, highlights the company's focus on operational efficiency and cost management. Improved EBITDA margins and reduced finance costs contributed to the bottom line, signaling resilience in profitability.

The backstory

In FY25, SEIL had reported a total income of ₹1,163.38 crore and a net profit of ₹25.93 crore. The company has been working on strategic initiatives to enhance its operational capabilities and financial health.

What changes now

SEIL has raised ₹341.57 crore through a preferential issue of equity warrants. These funds are intended for debt repayment, capital expenditure, and working capital. The company is also installing a new re-heating furnace and has established a logistics subsidiary.

Risks to watch

Performance remains sensitive to raw material costs and broader economic factors. An ongoing land litigation in Bobbili, with a carrying value of ₹4.58 crore, is a notable watch point.

Peer comparison

No direct peer comparison data is available in the filing.

Context metrics (time-bound)

• Total Income: FY26 ₹1,066.42 crore vs. FY25 ₹1,163.38 crore.
• Net Profit: FY26 ₹26.99 crore vs. FY25 ₹25.93 crore.
• EBITDA Margin: FY26 13.16% vs. FY25 12.31%.
• Finance Costs: Reduced by 6.8% YoY to ₹69.46 crore.
• Warrants Issue: ₹341.57 crore raised.
• Net Worth: ₹767.86 crore as of March 31, 2026.
• Debt-to-Equity Ratio: 0.54x.

What to track next

Investors will be watching the commencement of the new re-heating furnace operations in Q2 FY27 and the outcome of the land litigation.