Scan Steels Limited submitted its Q2 and H1 FY 2026-27 financial and operational performance results to BSE Limited pursuant to Regulation 30 of SEBI Listing Regulations.

Financial Performance Highlights

Q2 FY27 Performance (Quarter ended September 30, 2026):

  • Revenue: ₹170.4 crore, up 28% YoY from ₹133.0 crore in Q2FY26
  • COGS: ₹111.0 crore, up 32% YoY from ₹84.1 crore in Q2FY26
  • Gross Profit: ₹59.5 crore, up 22% YoY from ₹48.8 crore in Q2FY26
  • Gross Margin: 34.9% compared to previous period
  • EBITDA: ₹13.8 crore, up 143% YoY from ₹5.7 crore in Q2FY26
  • EBITDA Margin: 8.1% compared to 4.3% in Q2FY26
  • Profit Before Tax: ₹19.4 crore compared to loss of ₹0.4 crore in Q2FY26
  • Profit After Tax: ₹14.5 crore compared to loss of ₹0.2 crore in Q2FY26
  • PAT Margin: 8.5% compared to -0.2% in Q2FY26
  • Adjusted PAT (excluding other income): ₹2.6 crore compared to loss of ₹0.3 crore in Q2FY26
  • Diluted EPS: ₹2.46 compared to ₹0.03 in Q2FY26

H1 FY27 Performance (Half year ended September 30, 2026):

  • Revenue: ₹428.2 crore, up 17% YoY from ₹365.0 crore in H1FY26
  • COGS: ₹298.3 crore, up 21% YoY from ₹246.3 crore in H1FY26
  • Gross Profit: ₹129.9 crore, up 10% YoY from ₹118.6 crore in H1FY26
  • Gross Margin: 30.3% compared to 32.5% in H1FY26
  • EBITDA: ₹37.2 crore, up 49% YoY from ₹25.0 crore in H1FY26
  • EBITDA Margin: 8.7% compared to 6.9% in H1FY26
  • Profit Before Tax: ₹36.7 crore, up 181% YoY from ₹13.1 crore in H1FY26
  • Profit After Tax: ₹27.5 crore, up 181% YoY from ₹9.8 crore in H1FY26
  • PAT Margin: 6.4% compared to 2.7% in H1FY26
  • Adjusted PAT (excluding other income): ₹15.3 crore, up 58% YoY from ₹9.7 crore in H1FY26
  • Diluted EPS: ₹4.64 compared to ₹1.82 in H1FY26
  • Cash Flow from Operations: Inflow of ₹5.0 crore compared to outflow of ₹20.6 crore in H1FY26

Operational Performance Highlights

Production Volumes:

  • Q2FY27 Sponge Iron: 33,190 MT, up 1% YoY from 32,820 MT in Q2FY26
  • Q2FY27 Billets: 39,258 MT, up 6% YoY from 36,871 MT in Q2FY26
  • Q2FY27 TMT: 38,615 MT, up 16% YoY from 33,225 MT in Q2FY26
  • H1FY27 Sponge Iron: 66,680 MT, up 2% YoY from 65,500 MT in H1FY26
  • H1FY27 Billets: 78,470 MT, down 8% YoY from 84,840 MT in H1FY26
  • H1FY27 TMT: 87,605 MT, up 10% YoY from 79,904 MT in H1FY26

Sales Volumes:

  • Q2FY27 Billets: 3,655 MT, up 361% YoY from 793 MT in Q2FY26 (marked as captive consumption)
  • Q2FY27 TMT: 29,912 MT, up 8% YoY from 27,621 MT in Q2FY26
  • H1FY27 Billets: 3,655 MT, up 41% YoY from 2,593 MT in H1FY26
  • H1FY27 TMT: 73,604 MT, up 8% YoY from 67,982 MT in H1FY26

Strategic Updates

The company continues to advance its strategic expansion program across three key themes:

1. Expansion of billets capacity

2. Addition of downstream Pipe/Galvanizing/Wire Rod facilities

3. Development of an integrated steel ecosystem

These initiatives aim to enhance value addition, strengthen operational capabilities, and build a future-ready manufacturing platform as part of the company's Vision 2031.

Management Commentary

Mr. Rajesh Gadodia, Chairman, stated that the strong H1FY27 performance was supported by operational efficiencies and disciplined cost management. He highlighted that integrated manufacturing operations continued to perform well, with TMT production increasing 10% and TMT sales growing 8% YoY in H1FY27, reflecting the strength of the SHRISHTII TMT franchise and extensive distribution network.