STEEL EXCHANGE INDIA LIMITED has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Steel Exchange India Limited reported audited financial results for Q4 and FY ended March 31, 2026. Revenue from operations declined to Rs 1,05,944 lakhs from Rs 1,14,402 lakhs in the previous year, while net profit improved to Rs 2,699 lakhs from Rs 2,593 lakhs. Operating EBITDA margin improved from 10% to 12% year-on-year. The company appointed Mr. Vankina Sri Rakesh as new CFO (Chartered Accountant with 40+ years experience) and Mr. Anirudh Misra as Additional Non-Executive Director (Founder of IMR Group with 40+ years in metals and mining). Mr. Suresh Kumar Bandi was given additional responsibility as Director-Finance alongside his existing role as Joint Managing Director. The audit report was issued with unmodified opinion and the company declared compliance with all financial covenants except DSCR.
Revenue declined year-on-year but profitability improved with better margins, suggesting operational efficiency gains. New leadership appointments bring experienced professionals which could support future growth, though the DSCR covenant breach noted by auditors warrants monitoring.