Press Release / Media Release regarding Q2 and H1FY26 Financial & Operational Performance issued by the Company on October 31, 2025.
SCANSTL · price
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Scan Steels Ltd, an integrated steel maker based in Odisha, announced its Q2 and H1FY26 results on October 31, 2025. Q2FY26 EBITDA jumped 132% year-on-year to Rs. 57 Mn, driven by cost savings from a newly commissioned hot charging rolling mill that improved gross margins to 36.7%. However, revenue dipped 5% YoY in Q2 to Rs. 1,330 Mn due to lower sales volumes and weaker realizations for Billets and TMT, blamed on an early monsoon in Odisha. H1FY26 revenue fell 2% YoY to Rs. 3,650 Mn while H1FY26 PAT declined 26% to Rs. 98 Mn. Production volumes were healthy in H1FY26 (Sponge Iron +13%, Billets +12%, TMT +17% YoY), and management expects a strong rebound from Q3FY26 onwards.
The sharp Q2 EBITDA growth signals improving operational efficiency, but the weak top line, declining H1 profits, and negative Q2 PAT may cap near-term stock momentum. The Rs. 3,370 Mn capex plan for a captive power plant, induction furnaces, and a pipe mill could be a positive long-term growth catalyst but adds execution risk.