SEIL repays additional Rs 15 Cr term loan; debt reduction crosses Rs 86 Cr since October 2025
STEELXIND · price
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Steel Exchange India repaid an additional Rs 15 crore towards its term loan, about 5.5% of total outstanding debt. This takes cumulative debt reduction to roughly Rs 86 crore since October 2025, including an earlier NCD redemption of Rs 43.19 crore and Rs 28 crore repaid in prior quarters. The company has now cut its long-term debt by about 25% in roughly 8 months, supported by strong operating cash flows and equity inflow. FY26 total income stood at Rs 1,067 crore, EBITDA at Rs 138 crore, and net profit at Rs 27 crore. Management targets becoming debt-free in the near term.
Positive for shareholders. Lower debt reduces finance costs, improves earnings quality, and strengthens the balance sheet. Likely to boost investor sentiment.