Steel Exchange India Share Price Jumps 3% After Q4FY26 Profit Surges 443% QoQ Amid Margin Expansion

On Tuesday, the Indian equity benchmarks traded marginally higher during the morning session, with the benchmark Nifty 50 index rising 0.20 per cent to 24,080.55. Smallcap steel and metal stocks remained in focus following quarterly earnings announcements and operational updates. In this segment, Steel Exchange India share price gained 2.60 per cent to Rs 10.64 after the company reported a sharp sequential rise in profitability during Q4FY26.

Steel Exchange India Q4FY26 Performance

Steel Exchange India Limited reported consolidated total income of Rs 287.70 crore during Q4FY26 as against Rs 240.86 crore reported in Q3FY26, registering a sequential growth of around 19.45 per cent.

EBITDA more than doubled during the quarter to Rs 50.10 crore compared to Rs 22.97 crore reported in Q3FY26, reflecting a rise of around 118.12 per cent QoQ.

EBITDA margin improved sharply to 17.41 per cent during Q4FY26 from 9.54 per cent reported in the previous quarter, expanding by 788 basis points.

Net profit for Q4FY26 stood at Rs 12.37 crore as against Rs 2.28 crore reported in Q3FY26, registering a strong growth of around 442.80 per cent QoQ. Net profit margin improved to 4.30 per cent compared to 0.95 per cent reported in the preceding quarter.

Steel Exchange India FY26 Performance

For the financial year ended March 31, 2026, Steel Exchange India reported total income of Rs 1,066.42 crore compared to Rs 1,163.38 crore reported in FY25.

EBITDA during FY26 stood at Rs 138.03 crore as against Rs 143.61 crore reported in the previous financial year. However, EBITDA margin improved to 12.94 per cent from 12.34 per cent reported in FY25.

Net profit for FY26 increased to Rs 26.99 crore from Rs 25.93 crore reported in FY25, while net profit margin improved to 2.53 per cent from 2.23 per cent.

Defence And Infrastructure Approval

During FY26, the company secured a five-year renewal of MES approval under the Ministry of Defence for supply of TMT bars, strengthening its eligibility for defence and government infrastructure projects.

Capital Infusion And Debt Reduction

The company received Rs 85 crore upfront through allotment of convertible warrants as part of a Rs 350 crore preferential issue approved by the Board.

The investment was made by India Coke and Power Private Limited, IMR Steel Private Limited and other investors. Additionally, around 2.83 crore existing warrants were converted into equity shares following receipt of approximately Rs 29.92 crore.

Steel Exchange India also redeemed Rs 43.19 crore towards non-convertible debentures during the year. Including earlier repayments, total debt reduction stood at around Rs 68.16 crore, with the company stating that over 20 per cent of long-term debt has been repaid since October 2025.

Management Commentary

Commenting on the financial performance, the management of Steel Exchange India Limited stated: “FY26 was an important year for Steel Exchange India Limited as we continued to strengthen our operational capabilities, improve financial flexibility, and build a stronger platform for long-term growth.The management further added that the company remains focused on improving efficiencies, optimising product mix, strengthening profitability and expanding into specialty and green steel along with Logistics infrastructure development.

Leadership Appointments

During the year, the company appointed Mr Anirudh Misra as Additional Non-Executive and Non-Independent Director, subject to shareholder approval.

The company also appointed Mr Vankina Sri Rakesh as Chief Financial Officer and Key Managerial Personnel, while Mr Suresh Kumar Bandi was designated as Whole-Time Director and Joint Managing Director – Finance.

Steel Exchange India Stock Performance

Steel Exchange India Ltd was trading at Rs 10.74 on Tuesday morning, up 3.07 per cent from the previous close of Rs 10.42.

The stock has delivered returns of around 25.24 per cent over the past one year, while its two-year and three-year returns stood at negative 19.22 per cent and negative 30.02 per cent, respectively. The stock’s 52-week high and low stood at Rs 11.55 and Rs 7, respectively.

About Steel Exchange India

Steel Exchange India Limited (SEIL), the flagship company of the Vizag Profiles Group established in 1999, manufactures TMT rebars under the “SIMHADRI TMT” brand.

The company operates an integrated steel manufacturing facility near Visakhapatnam, Andhra Pradesh, comprising sponge iron, billet and rolling mill operations supported by a 60 MW captive thermal power plant. SEIL primarily caters to domestic infrastructure and Construction markets.

What are your views on Steel Exchange India’s Q4FY26 profitability improvement and debt reduction initiatives? Share your thoughts in the comments below.
Disclaimer: This article is for informational purposes only and not investment advice.