Steel Exchange India Posts 296% YoY Growth in Q1 Net Profit on Strong Operating Performance

PNN

Mumbai (Maharashtra) [India], August 5: Steel Exchange India Limited (NSE: INE503B01021, BSE: 534748), one of the leading integrated steel manufacturers in South India and a trusted name in TMT rebars under the brand 'SIMHADRI TMT', has announced its unaudited financial results for Q1 FY26.

Q1 FY26 Key Financial Highlights

* Total Income of ₹ 304.95 Cr, YoY growth of 14.53%

* EBITDA of ₹ 36.35 Cr, YoY growth of 32.66%

* EBITDA Margin of 11.92%, YoY expansion of 163 BPS

* Net Profit of ₹ 10.23 Cr, YoY growth of 296.30%

* Net Profit Margin of 3.35%, YoY expansion of 238 BPS

Recent Business Highlights:

* SIMHADRI TMT rebars approved for two major AP port projects - Machilipatnam (Megha Engineering) and Mulapeta (Vishwa Samudra JV).

* Incorporated a wholly owned subsidiary SEIL Infra Logistics Ltd on June 29, 2025, to unlock value from non-core assets and drive focus on infra & logistics.

* Received a contract for a value up to ₹ 210 Cr from RINL for conversion of 1.2 LTPA billets to Vizag Steel TMT rebars.

Commenting on the performance Mr. Suresh Kumar Bandi, Joint Managing Director, Steel Exchange India Limited said, "We're encouraged by the momentum seen in the first quarter of the year. The performance reflects growing demand for our SIMHADRI TMT products and the impact of our continued focus on operational efficiency. Winning approvals for key infrastructure projects in Andhra Pradesh reaffirm the strength of our brand and the trust placed in our quality. At the same time, we are progressing on strategic initiatives such as the creation of our infra-logistics subsidiary, which will help us unlock further value from our ecosystem. With these developments, we remain optimistic about building on this foundation through the rest of the year."

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