Scan Steels Limited held its Board Meeting on July 28, 2026, which commenced at 4:00 PM and concluded at 5:30 PM. The Board considered and approved several matters:
Financial Results Approval
The Board approved the Un-audited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2026 (Q1 FY27), along with the Limited Review Report issued by the Statutory Auditors. The financial results were prepared pursuant to Regulation 33 of the SEBI Listing Regulations, 2015.
Standalone Financial Results (Amount in ₹ Lakhs)
- Revenue from Operations: ₹25,778.84 (Q1 FY27) vs ₹23,200.08 (Q1 FY26) - 11.1% YoY growth
- Other Income: ₹26.20 (Q1 FY27) vs ₹5.15 (Q1 FY26)
- Total Income: ₹25,805.04 (Q1 FY27) vs ₹23,205.23 (Q1 FY26)
- Cost of Materials Consumed: ₹17,213.57 (Q1 FY27) vs ₹15,718.60 (Q1 FY26)
- Purchases of Stock in Trade: ₹3,988.38 (Q1 FY27) vs ₹3,225.24 (Q1 FY26)
- Changes in Inventories: (₹2,469.49) (Q1 FY27) vs (₹2,728.50) (Q1 FY26)
- Employees Benefit Expenses: ₹906.28 (Q1 FY27) vs ₹928.95 (Q1 FY26)
- Finance Cost: ₹245.13 (Q1 FY27) vs ₹201.44 (Q1 FY26)
- Depreciation & Amortization: ₹391.58 (Q1 FY27) vs ₹393.14 (Q1 FY26)
- Other Expenditure: ₹3,798.41 (Q1 FY27) vs ₹4,118.52 (Q1 FY26)
- Profit Before Tax: ₹1,731.18 (Q1 FY27) vs ₹1,342.85 (Q1 FY26) - 29% YoY growth
- Tax Expenses: ₹435.67 (Q1 FY27) vs ₹338.74 (Q1 FY26)
- Net Profit After Tax: ₹1,295.51 (Q1 FY27) vs ₹1,004.11 (Q1 FY26) - 29% YoY growth
- Earnings Per Share (Basic): ₹2.13 (Q1 FY27) vs not specified for Q1 FY26
- Paid-up Equity Share Capital: ₹6,074.65 lakhs (Face Value of ₹10 each)
Consolidated Financial Results (Amount in ₹ Lakhs)
- Revenue from Operations: ₹25,778.84 (Q1 FY27) vs ₹23,200.08 (Q1 FY26)
- Other Income: ₹26.20 (Q1 FY27) vs ₹5.15 (Q1 FY26)
- Total Income: ₹25,805.04 (Q1 FY27) vs ₹23,205.23 (Q1 FY26)
- Share of Profit of Associates: ₹20.48 (Q1 FY27) vs ₹45.64 (Q1 FY26)
- Net Profit After Tax: ₹1,324.99 (Q1 FY27) vs ₹1,049.75 (Q1 FY26) - 26.2% YoY growth
- Total Comprehensive Income: ₹1,324.48 (Q1 FY27) vs ₹1,076.56 (Q1 FY26)
- Earnings Per Share (Basic): ₹2.18 (Q1 FY27) vs ₹1.79 (Q1 FY26)
- Paid-up Equity Share Capital: ₹6,074.65 lakhs (Face Value of ₹10 each)
Auditor Appointments
Internal Auditor: The Board, based on the recommendation of the Audit Committee, approved the re-appointment of M/s. P.A. & Associates, Chartered Accountants (FRN: 313085E), as Internal Auditor for FY 2026-2027. The firm is registered with ICAI and provided consent for reappointment dated May 15, 2026.
Cost Auditor: The Board, based on the recommendation of the Audit Committee, approved the re-appointment of M/s. Ray Nayak and Associates, Cost Accountants (FRN: 000241), as Cost Auditor for FY 2026-2027. The firm provided consent-cum-declaration dated July 15, 2026.
Other Disclosures
- The company is engaged in only one segment: Steel Manufacturing
- The figures for the quarter ended March 31, 2026, are balancing figures between audited full-year figures and published nine-month figures
- The company has investments in two private limited associate entities: RPSG Agro Commodity Pvt. Ltd. and Shristi Resorts & Multiplex Pvt. Ltd.
- On May 27, 2026, the company made an investment in a public limited company classified as an associate, but commercial operations had not commenced as of June 30, 2026
- No share of profit/loss was recognized from the new associate for Q1 FY27
- The results are available on the company's website (www.scansteels.com) and BSE website
- There are no outstanding defaults on loans and debt securities
- The disclosure includes required annexures pursuant to SEBI regulations