Audited Finncial Results 31.03.2026
STEELXIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Steel Exchange India Limited reported FY2026 revenue of ₹1,05,944 lakhs, down 7.4% from ₹1,14,402 lakhs in FY2025. Net profit increased slightly to ₹2,699 lakhs vs ₹2,593 lakhs. The company appointed Mr. Vankina Sri Rakesh as new CFO ( Chartered Accountant with 40 years experience) and gave additional finance oversight to existing Joint MD Mr. Suresh Kumar Bandi (now titled Joint MD & Director Finance). Mr. Anirudh Misra, founder of IMR Group with 40 years in metals/mining, was appointed as Additional Non-Executive Director subject to shareholder approval. Key concern: auditors flagged a DSCR (Debt Service Coverage Ratio) covenant breach on NCDs. NCD outstanding reduced significantly from ₹34,026 lakhs to ₹19,501 lakhs.
Revenue decline reflects challenging steel/power sector conditions. DSCR covenant breach is a credit concern for NCD holders. New experienced CFO and director appointments strengthen the finance team. Positive debt reduction reduces financial risk.