Steel Exchange India Limited, a prominent integrated steel manufacturer in South India, has reported a significant increase in its net profit for the fourth quarter of FY26. The company’s net profit surged by approximately 443% quarter-on-quarter to reach ₹12.37 crore. This impressive growth was highlighted in the company’s audited financial results for Q4 FY26 and the full fiscal year.
The company reported a total income of ₹287.70 crore for Q4 FY26, marking a 19.45% increase from the previous quarter’s ₹240.86 crore. The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) also saw a substantial rise of 118.12%, reaching ₹50.10 crore compared to ₹22.97 crore in Q3 FY26. The EBITDA margin improved by 788 basis points to 17.41%.
For the full fiscal year FY26, Steel Exchange India Limited recorded a total income of ₹1,066.42 crore, a slight decrease from ₹1,163.38 crore in FY25. The company’s EBITDA for FY26 stood at ₹138.03 crore, with an EBITDA margin of 12.94%. The net profit for the year was ₹26.99 crore, reflecting a net profit margin of 2.53%.
In addition to the financial performance, the company announced several strategic leadership changes. Mr. Anirudh Misra has been appointed as an Additional Non-Executive & Non-Independent Director, bringing his extensive experience in metals and global commodities trade to the board. Mr. Vankina Sri Rakesh has joined as the Chief Financial Officer, enhancing the company’s financial strategy with his four decades of experience.
The company also made strides in debt reduction, redeeming ₹43.19 crore towards non-convertible debentures in a single tranche, which accounts for approximately 13% of its total debt. This follows a repayment of ₹24.97 crore over the last two quarters, bringing the total debt reduction to about ₹68.16 crore.
Steel Exchange India Limited continues to focus on strengthening its operational capabilities and financial flexibility, with plans to expand into specialty and green steel sectors. The company aims to capture emerging opportunities and enhance its integrated steel platform.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).