Steel Exchange India Limited has submitted a regulatory filing to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015. The filing contains a business update press release for Q2 FY27 with provisional financial and operational performance metrics.
Key Quantitative Figures
- Provisional consolidated revenue: Approximately ₹340 crore
- Year-over-year revenue growth: ~45% increase
- Quarter-over-quarter revenue growth: ~25% increase
- Record quarterly re-bar production: 69,465 MT
- Record monthly production (September 2026): 25,095.035 MT
Operational Highlights
- Achieved highest-ever quarterly re-bar production driven by strong demand and execution
- September 2026 marked the best-ever monthly production performance
- Operationalization of Reheating Furnace (RHF) has structurally improved manufacturing yields and capacity utilization
- Company is diversifying into specialty steels under the PLI scheme to open higher-margin revenue streams
- Supports import substitution under Atmanirbhar Bharat initiative
Business Context
The Q2 FY27 performance represents another important milestone in the Company's turnaround journey. The sharp revenue growth indicates sustained improvement in underlying business performance, while record re-bar output demonstrates growing momentum across manufacturing operations.
Important Notes
All figures mentioned are provisional and unaudited, and remain subject to review by the Statutory Auditors and approval by the Board of Directors.
Company Background
Steel Exchange India Limited (SEIL) is part of the Vizag Profiles Group and manufactures TMT rebars under the brand 'SIMHADRI TMT'. Founded in 1999, the company has evolved from steel trading into an integrated steel manufacturer with operations in Andhra Pradesh and Telangana. The company operates an Integrated Steel Plant & Power Unit in Vizianagaram District, near Visakhapatnam, with sponge iron, billet, rolling mill, and power generation capacities.
Forward-Looking Statements
The document contains forward-looking statements subject to risks and uncertainties including government actions, political or economic developments, technological risks, and other factors that could cause actual results to differ materially from expectations.