Steel Exchange India Q2 FY27 Revenue at ₹340 Crore, Up 45% YoY
Steel Exchange India reported provisional Q2 FY27 revenue of ₹340 Crore, up 45% YoY and 25% QoQ. The company achieved record Re-Bar production of 69,465 MT and saw its best-ever monthly output in September 2026. Diversification into specialty steels under the PLI scheme is also underway.
The strong revenue growth and record production are positive indicators for the company's performance. However, the figures are provisional and subject to auditor review and board approval, tempering the immediate impact.
The company reported significant year-over-year and quarter-over-quarter revenue growth, driven by record production volumes and operational efficiencies. Diversification into specialty steels also presents a positive outlook.
Steel Exchange India Limited has announced a provisional business update for the second quarter of fiscal year 2027 (Q2 FY27), reporting consolidated revenue of approximately ₹340 Crore. This represents a significant year-over-year increase of around 45% and a quarter-over-quarter growth of approximately 25%.
The company attributed this strong performance to record Re-Bar production, with the highest-ever quarterly output of 69,465 MT. Furthermore, September 2026 marked the best-ever production month, with output reaching 25,095.035 MT. The operationalization of the Reheating Furnace (RHF) has led to structural improvements in manufacturing yields and capacity utilization.
Looking ahead, Steel Exchange India Limited remains focused on enhancing capacity utilization, strengthening operational efficiencies, and building a sustainable platform for long-term growth. The company is also diversifying into specialty steels under the PLI scheme, aiming to open up higher-margin revenue streams and support import substitution under the Atmanirbhar Bharat initiative.
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