Steel Exchange India Q1 FY27 Net Profit Surges 47% to ₹15.03 Cr

Steel Exchange India Limited announced a strong performance for Q1 FY27, with Net Profit increasing by 46.89% year-on-year to ₹15.03 Crore (₹1,502.56 Lakhs). This growth was driven by operational efficiencies and a significant reduction in finance costs, which fell from ₹1,889.06 Lakhs in Q1 FY26 to ₹1,398.16 Lakhs. The company's Net Worth expanded to an all-time high of ₹672.76 Crore (₹67,276.25 Lakhs) following preferential allotments and equity share conversions, totaling ₹14,089.50 Lakhs and ₹3,989.99 Lakhs respectively. The Debt-Equity Ratio improved to 0.27x from 0.48x, reflecting successful deleveraging and a strategic focus on capital optimization. Total Income for the quarter stood at ₹27,070.92 Lakhs.