Steel Exchange India Limited 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 enclosed a press release detailing the company's Q1 FY27 financial performance.

Financial Performance Overview

The company approved standalone and consolidated un-audited financial results for the first quarter ended June 30, 2026. Key financial highlights include:

  • Total Income: ₹27,070.92 Lakhs (₹270.71 crore) for Q1 FY27
  • Net Profit: ₹1,502.56 Lakhs (₹15.03 crore) for Q1 FY27, representing a 46.89% year-over-year increase from ₹1,022.88 Lakhs in Q1 FY26
  • Sequential Growth: Net profit increased 21.46% quarter-over-quarter from ₹1,237.04 Lakhs in Q4 FY26
  • Net Profit Margin: Improved to 5.57% in Q1 FY27 from 3.41% in Q1 FY26, a 216 basis point improvement
  • Basic & Diluted EPS: ₹0.12 for Q1 FY27, representing a 33.33% increase from ₹0.09 in Q1 FY26

Capital Raising Activities

The company successfully executed preferential allotments resulting in significant capital infusion:

  • Received ₹14,089.50 Lakhs upon allotment of Convertible Equity Share Warrants
  • Allotted 2,82,97,870 Equity Shares upon successful conversion of warrants, bringing in a premium amount of ₹3,989.99 Lakhs
  • Total capital raised through these activities: ₹18,079.49 Lakhs (₹180.79 crore)

Balance Sheet Strengthening

The capital infusion contributed to substantial balance sheet improvements:

  • Net Worth: Expanded to ₹67,276.25 Lakhs (₹672.76 crore), described as an all-time high
  • Debt-Equity Ratio: Improved to 0.27x in Q1 FY27 from 0.48x in Q1 FY26 and 0.42x in Q4 FY26
  • Finance Costs: Reduced sharply to ₹1,398.16 Lakhs from ₹1,889.06 Lakhs in Q1 FY26
  • Interest Service Coverage Ratio: Stood at 2.52x
  • Asset Coverage Ratio: Improved to 3.77x from 2.91x previously
  • Current Ratio: Improved to 2.57x

Comparative Financial Performance

| Particulars (₹ Lakhs) | Q1 FY27 (Unaudited) | Q4 FY26 (Audited) | Q1 FY26 (Unaudited) | YoY Growth (%) |

| Total Income | 27,070.92 | 28,769.89 | 30,495.19 | -11.23% |

| Total Expenses | 25,568.36 | 26,207.45 | 29,472.31 | -13.25% |

| Net Profit | 1,502.56 | 1,237.04 | 1,022.88 | 46.89% |

Management Commentary

Company management stated that the Q1 FY27 performance validates their structural transition towards an efficient, low-debt corporate platform. They highlighted improved net profit margins and radically lowered leverage to 0.27x, positioning the company to capitalize on India's infrastructure push. The equity inflows were noted to strengthen liquid resources for sustainable long-term expansion while maximizing value for shareholders.

Company Background

Steel Exchange India Limited (SEIL) is described as one of South India's premier integrated steel manufacturers, part of the Vizag Profiles Group. The company manufactures TMT rebars under the brand 'SIMHADRI TMT' and operates an Integrated Steel Plant & Power Unit in Vizianagaram District, Near Visakhapatnam. The facilities include sponge iron, billet, rolling mill, and power generation capacities, enabling complete backward and forward integration for long steel production.

The company has a supply track record to projects of Armed Forces and critical infrastructure projects. They are planning to diversify into specialty steels under the PLI scheme to support import substitution.

For FY26, the company reported Total Income of ₹1,066.42 crore, EBITDA of ₹138.03 crore and Net Profit of ₹26.99 crore.