STEEL EXCHANGE INDIA LIMITED Q4 FY26 earnings call summary

Earnings call of 28 May 2026, summarised by AI from the filing.

Steel Exchange India Q4 FY26 total income ₹287.70 cr, EBITDA ₹50.10 cr, net profit ₹12.37 cr; IMR Group invests ₹300 cr via warrants.

Key takeaways

1. IMR investment IMR Group joined as strategic investor via ₹300 cr share warrants; balance payment expected in six months.
2. Growth driver Reheating furnace started, enabling 50,000 tons new bars; expansions operational by July end.
3. Risk Steel cyclicality; Q1 end and Q2 may be dull due to monsoon.

Original filing on BSE

STEEL EXCHANGE INDIA LIMITED Q1 FY27 results

As filed: Revenue ₹270 cr (−10% year on year), EBITDA ₹34.2 cr (+10% year on year), PAT ₹15.0 cr (+50% year on year), EBITDA margin 12.7% (+236 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

• Q4 FY26: Revenue ₹287 cr (−1% year on year), EBITDA ₹49.7 cr (+55% year on year), PAT ₹12.4 cr (+147% year on year), EBITDA margin 17.3% (+631 bps). Score 64 of 100, In line with trend. Revenue growth was in line with the company's own trend; EBITDA growth was well above it; profit growth was above it. EBITDA margin rose 631 bps year on year. Tax rate 52%. Share price after the results: +21.3% in 30 days (Nifty 500: +2.1%).
• Q3 FY26: Revenue ₹240 cr (−27% year on year), EBITDA ₹22.5 cr (−44% year on year), PAT ₹2.3 cr (−86% year on year), EBITDA margin 9.3% (−285 bps). Score 15 of 100, Below trend. Revenue growth was well below the company's own trend; EBITDA growth was below it. EBITDA margin fell 285 bps year on year. Tax rate 0%. Share price after the results: −4.8% in 30 days (Nifty 500: −7.8%).
• Q2 FY26: Revenue ₹232 cr (−11% year on year), EBITDA ₹27.0 cr (+4% year on year), PAT ₹2.0 cr (−33% year on year), EBITDA margin 11.6% (+168 bps). Score 24 of 100, Below trend. Revenue and EBITDA growth were below the company's own trend. EBITDA margin rose 168 bps year on year. Other income 50% of PBT. Tax rate 0%. Revenue fell 23% from last quarter. Share price after the results: −9.6% in 28 days (Nifty 500: −0.4%).
• Q1 FY26: Revenue ₹300 cr (+14% year on year), EBITDA ₹31.0 cr (+24% year on year), PAT ₹10.0 cr (+233% year on year), EBITDA margin 10.3% (+86 bps). Score 61 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA growth was below it. EBITDA margin rose 86 bps year on year. Other income 50% of PBT. Tax rate 0%. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: −11.7% in 30 days (Nifty 500: +0.8%).
• Q4 FY25: Revenue ₹291 cr (−7% year on year), EBITDA ₹32.0 cr (−3% year on year), PAT ₹5.0 cr (−75% year on year), EBITDA margin 11.0% (+42 bps). Score 23 of 100, Below trend. Revenue and EBITDA growth were below the company's own trend. EBITDA margin rose 42 bps year on year. Other income 71% of PBT. Tax rate 83%. Revenue fell 11% from last quarter. Share price after the results: −7.5% in 30 days (Nifty 500: +0.3%).
• Q3 FY25: Revenue ₹328 cr (+28% year on year), EBITDA ₹40.0 cr (+74% year on year), PAT ₹16.0 cr, EBITDA margin 12.2% (+321 bps). Score 64 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA growth was in line with it. EBITDA margin rose 321 bps year on year. Tax rate 0%.
• Q2 FY25: Revenue ₹261 cr (−3% year on year), EBITDA ₹26.0 cr (+44% year on year), PAT ₹3.0 cr, EBITDA margin 10.0% (+327 bps). Score 46 of 100, In line with trend. EBITDA margin rose 327 bps year on year. Other income 33% of PBT. Tax rate 0%. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

STEEL EXCHANGE INDIA LIMITED earnings call, investor presentation and press release summaries

• Q4 FY26: Earnings call (28 May 2026)
• Q1 FY26: Earnings call (6 Aug 2025), Results deck (5 Aug 2025)
• Other events: Business update (9 Apr 2026)