Un-audited Financial Results & Statements for the Quarter and half year ended September 30, 2025.
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Scan Steels reported weak Q2 FY26 standalone results with revenue of Rs 13,295.69 lakhs, down about 5% year-on-year from Rs 13,994.70 lakhs and sharply lower sequentially from Rs 23,200.08 lakhs in Q1 FY26. The company slipped into a small standalone net loss of Rs 24.73 lakhs in Q2 FY26 versus a loss of Rs 134.69 lakhs in Q2 FY25, with basic EPS of (Rs 0.04). For the half year, standalone revenue fell to Rs 36,495.77 lakhs (vs Rs 37,349.97 lakhs, a 2.3% decline) and net profit dropped about 26% to Rs 979.38 lakhs (vs Rs 1,322.28 lakhs). On a consolidated basis, H1 PAT was Rs 1,049.75 lakhs including Rs 89.43 lakhs share from associates. Short-term borrowings rose sharply to Rs 10,171.78 lakhs from Rs 6,192.24 lakhs, while cash balances fell to Rs 446.10 lakhs. Operating cash flow remained positive at Rs 1,823.62 lakhs. Auditor Das Pattnaik & Co issued an unmodified limited review report.
Investors should note the steep sequential revenue fall, a return to quarterly loss, rising short-term debt and depleting cash — signs of working capital and demand pressure. However, full-year profitability and positive operating cash flow still provide some cushion; near-term sentiment may stay cautious.