Press Release regarding Q3 and Nine Months ended on December 31, 2025 (Q3 & 9MFY26) - Financial & Operational Performance.
SCANSTL · price
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Awaiting price reaction for this filing.
Scan Steels reported Q3FY26 revenue of Rs. 191.6 crore, up 44% sequentially and 10% year-on-year, driven by sharply higher TMT sales volumes (up 55% QoQ) and improved production utilization. Quarterly EBITDA jumped 83% QoQ to Rs. 10.4 crore, with margins expanding from 4.3% to 5.4%, supported by cost optimization and the new hot charging rolling mill. Profit after tax surged to Rs. 3.1 crore from just Rs. 0.2 crore in Q2FY26. However, 9MFY26 PAT declined 20% YoY to Rs. 12.9 crore due to lower realizations across the period. The company also announced the acquisition of Bindals Sponge Industries under the NCLT resolution plan in consortium with Kalinga Allied Industries, involving a total Rs. 60 crore infusion. Capex plans include new induction furnaces, a 30 MW captive power plant, and a 72,000 TPA pipe mill.
Strong quarterly execution and margin expansion are positive for the stock, though the 9-month profit decline shows ongoing pricing headwinds. The Bindals acquisition and capacity expansion could unlock future growth but add execution and integration risk.