STEEL EXCHANGE INDIA LIMITED Q1 FY26 earnings call summary

Earnings call of 6 Aug 2025, summarised by AI from the filing.

Steel Exchange India reported Q1 FY26 net profit of ₹10.23 cr, up 296.3%, and guides FY26 revenue of ₹1,400-1,500 cr and EBITDA of ₹170-180 cr.

Key takeaways

1. FY26 guidance Top line ₹1,400-1,500 cr; EBITDA ₹170-180 cr.
2. RINL contract Awarded up to ₹210 cr contract to convert 1.2 lakh tons per annum billets; operational by December 2025.
3. Capacity expansion SMS capacity increased to 3.6 lakh tons and rebar to 3.57 lakh tons, driving volume growth.

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)