Steel Exchange India's Q2 FY27 PAT Soars 835% to ₹17.62 Cr on 47% Revenue Jump to ₹343 Cr
Steel Exchange India reported a record Q2 FY27 with PAT soaring 835% YoY to ₹17.62 Cr from ₹2.11 Cr. Revenue surged 47% YoY to ₹343.35 Cr, supported by record Re-Bar production. The company reduced debt by ₹102 Cr and secured a two-notch credit upgrade to IVR BBB+/Stable.
The substantial PAT and revenue growth, coupled with debt reduction, credit rating upgrade, strategic tie-ups, and diversification plans, indicate a significant positive impact on the company's financial health and future prospects.
The company reported significant year-over-year growth in PAT and revenue, achieved record production, reduced debt, and secured a credit rating upgrade, all indicating strong positive performance and outlook.
Steel Exchange India Limited has announced robust financial and operational results for the second quarter ended September 30, 2026 (Q2 FY27). The company reported an 835% year-over-year surge in Profit After Tax (PAT) to ₹17.62 Crore, compared to ₹2.11 Crore in Q2 FY26. This significant increase was driven by operational leverage, record capacity utilization from its Reheating Furnace, and reduced finance costs due to active debt de-leveraging.
Provisional quarterly revenue increased by approximately 47% year-over-year to around ₹343.35 Crore. This growth was supported by an all-time high Re-Bar production of 69,617.42 Metric Tons and an aggregate debt reduction of approximately ₹102 Crore since December 2025. The company also secured a two-notch credit rating upgrade to IVR BBB+ / Stable.
Key operational milestones include the highest-ever quarterly Re-Bar output, enhanced plant capabilities with the operationalization of the upgraded Reheating Furnace, and substantial balance sheet de-leveraging. The company has also fortified its equity capital base through preferential allotment and conversion of warrants. Furthermore, Steel Exchange India Limited has signed a long-term Memorandum of Understanding (MoU) with NMDC Limited for steady iron ore procurement and received approvals for construction in the Amaravati Capital City development, along with a five-year renewal from the Military Engineer Services (MES).
The company is also advancing its diversification into value-added specialty steels under the Central Government’s Production Linked Incentive (PLI) Scheme. Management highlighted the structural profitability breakthrough, attributing the PAT surge to operational debottlenecking and financial restructuring. The company is on track for sustainable, high-return growth.
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STEEL EXCHANGE INDIA LIMITED filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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