STEELXIND Q1 FY27 Net Profit Surges 47% YoY to ₹15.03 Cr; Net Worth Hits ₹672.76 Cr
Steel Exchange India Limited reported Q1 FY27 results with Net Profit up 47% YoY to ₹15.03 Crore. Total Income was ₹27,070.92 Lakhs. The company raised ₹14,089.50 Lakhs via warrants and ₹3,989.99 Lakhs from warrant conversion, expanding Net Worth to ₹672.76 Crore. Debt-Equity ratio improved to 0.27x.
The substantial increase in net profit, significant capital infusion, and deleveraging demonstrate a strong positive impact on the company's financial health and market position.
The company reported a significant year-on-year increase in net profit (47%), expansion in net worth, and a reduction in debt, indicating strong financial performance and strategic capital management.
Steel Exchange India Limited (SEIL) announced its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The company reported a Total Income of ₹27,070.92 Lakhs for the quarter. SEIL's Net Profit saw a significant year-on-year increase of 46.89%, reaching ₹1,502.56 Lakhs (₹15.03 Crore) from ₹1,022.88 Lakhs in Q1 FY26. Sequentially, Net Profit grew by 21.46% from ₹1,237.04 Lakhs in Q4 FY26.
The company successfully raised capital through preferential allotments, receiving ₹14,089.50 Lakhs from Convertible Equity Share Warrants and an additional ₹3,989.99 Lakhs from the conversion of 2,82,97,870 Equity Shares upon warrant conversion. This capital infusion boosted the company's Net Worth to an all-time high of ₹67,276.25 Lakhs (₹672.76 Crore). Consequently, finance costs decreased to ₹1,398.16 Lakhs from ₹1,889.06 Lakhs in Q1 FY26, contributing to improved profitability. The Interest Service Coverage Ratio stood at 2.52x, and the Asset Coverage Ratio was 3.77x.
Key financial highlights for Q1 FY27 include a Net Profit Margin of 5.57% (up from 3.41% YoY), Basic & Diluted EPS of ₹0.12 (up 33.33% YoY), and a Debt-Equity Ratio of 0.27x (down from 0.48x YoY). The management stated that the performance validates the company's structural transition towards an efficient, low-debt platform, positioning it to capitalize on India's infrastructure growth. The increased equity inflows are expected to support sustainable expansion and maximize shareholder value.
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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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