STEEL EXCHANGE INDIA LIMITED has informed the Exchange about Transcript

Steel Exchange India reported a strong Q1 FY26, with total income up 14.5% YoY at Rs. 304.95 crores, EBITDA up 32.7% at Rs. 36.35 crores (margin improved 163 bps to 11.92%), and net profit jumping 296% YoY to Rs. 10.23 crores. The company secured a Rs. 210 crore contract from RINL to convert 1.2 lakh tonnes of billets into TMT bars annually, expected to add Rs. 27 crores in incremental EBITDA once operational by December 2025. Management guided FY26 top line of Rs. 1,400-1,500 crores and EBITDA of Rs. 170-180 crores, with EBITDA per ton expected to rise from Rs. 6,660 to Rs. 7,500. The company also incorporated SEIL Infra Logistics Ltd as a wholly-owned subsidiary to monetize ~200 acres of surplus land via logistics, residential, and affordable housing projects, targeting Rs. 14-15 crores annual net profit from leasing alone. A rights issue of up to Rs. 200 crores is planned, with Rs. 75 crores earmarked for debt reduction alongside refinancing of Rs. 340 crores debt at 18.75% to 13.25%.