Steel Exchange India Q4 FY26 Net Profit Surges 443% QoQ to ₹12 Cr; Board Strengthened
Steel Exchange India Limited reported a Q4 FY26 net profit of ₹12.37 crore, up 443% QoQ. Total income rose 19.45% to ₹287.70 crore. Key appointments include Anirudh Misra as Director and Vankina Sri Rakesh as CFO. The company secured ₹85 crore via warrants and reduced debt by ₹43.19 crore.
The substantial increase in quarterly profit, combined with strategic board appointments and significant debt reduction, indicates a strong positive impact on the company's financial health and future prospects.
The company reported a significant surge in net profit, strong revenue growth, and strategic leadership appointments. Debt reduction and capital infusion also contribute positively.
Steel Exchange India Limited has announced its audited financial results for the fourth quarter and full year ended March 31, 2026. The company reported a significant surge in net profit for Q4 FY26, reaching approximately ₹12.37 crore, marking a substantial increase of 442.80% compared to the previous quarter's ₹2.28 crore. Total income for the quarter stood at ₹287.70 crore, a 19.45% increase from Q3 FY26. EBITDA also saw a notable rise of 118.12% to ₹50.10 crore in Q4 FY26.
For the full fiscal year FY26, the company's net profit was ₹26.99 crore, a slight increase from ₹25.93 crore in FY25, while total income was ₹1066.42 crore compared to ₹1163.38 crore in the previous year.
The company also announced strategic leadership enhancements. Mr. Anirudh Misra has been appointed as Additional Non-Executive & Non-Independent Director, subject to shareholder approval. Mr. Vankina Sri Rakesh has been appointed as the Chief Financial Officer (CFO). Additionally, Mr. Suresh Kumar Bandi, Whole-Time Director, has been assigned further responsibilities as Joint Managing Director & Director – Finance.
Recent business highlights include a 5-year renewal of MES approval from the Ministry of Defence for TMT bar supplies. The company also secured capital infusion, receiving ₹85 crore upfront via convertible warrants as part of a ₹350 crore preferential issue. Furthermore, Steel Exchange India Limited redeemed ₹43.19 crore towards NCDs, contributing to a total debt reduction of approximately ₹68.16 crore since October 2025, with a stated aim to become debt-free.
Management expressed optimism, highlighting a focus on operational capabilities, financial flexibility, and long-term growth. They emphasized improvements in efficiencies, product mix, and profitability, alongside balance sheet strengthening through capital infusion and debt reduction. Future plans include expansion into specialty and green steel, along with logistics infrastructure development.
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