STEEL EXCHANGE INDIA LIMITED has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
STEELXIND · price
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On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.8 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Steel Exchange India reported its Q1 FY26 (quarter ended June 30, 2025) standalone unaudited results. Revenue from operations rose to ₹29,999.89 lakhs from ₹26,403.75 lakhs in Q1 FY25, a growth of about 14% year-on-year. Net profit jumped sharply to ₹1,022.88 lakhs from ₹258.11 lakhs, a nearly 4x increase, helped by lower raw material costs and inventory adjustments. Operating EBITDA margin expanded to 12% from 9% in the same quarter last year, and net profit margin improved to 3% from 1%. The Board deferred its proposed ₹150 crore rights issue, saying the amount may be insufficient and a fresh assessment of funding needs is required. The Board also approved the re-appointment of Mr. Suresh Kumar Bandi as Joint Managing Director for another 3 years. The auditor issued a clean, unmodified limited review opinion.
Strong operational performance with a major jump in profit and improving margins is positive for shareholders, but the deferral of the ₹150 crore rights issue introduces some uncertainty around the company's capital-raising plans. The clean audit report and easing debt-equity ratio (0.48) are supportive signals, though the lower debt service coverage ratio (0.84 vs 1.49) is worth watching.