Scan Steels FY26 PAT Up 2% to ₹220 Mn; Capex Plans Underway

Scan Steels Ltd announced its Q4 and FY26 financial results, highlighting improved margins and a surge in cash flow from operations. The company's PAT margin expanded to 2.8% in Q4FY26 from 2% in Q4FY25, and cash flow from operations increased fivefold to ₹371 Mn in FY26. Scan Steels is undertaking capex to increase TMT production capacity at Unit 2 to 200,000 TPA by December 2026, funded through internal accruals. Additionally, a pipe mill and galvanizing facility are being set up at Unit 1, expected to commence commercial production by Q2 of FY28.