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

Steel Exchange India Limited announced stellar Q1 FY27 results, with Net Profit surging 46.89% year-on-year to ₹1,502.56 Lakhs (₹15.03 Crore). This significant growth was driven by operational cost efficiencies and lower finance costs, which dropped to ₹1,398.16 Lakhs from ₹1,889.06 Lakhs in Q1 FY26. The company's Net Worth expanded to an all-time high of ₹67,276.25 Lakhs (₹672.76 Crore) due to successful preferential allotments and equity share conversions, strengthening its balance sheet and reducing leverage risk. The Debt-Equity Ratio improved to 0.27x from 0.48x, reflecting aggressive deleveraging and a disciplined capital optimization plan. Management highlighted the structural transition towards an efficient, low-debt corporate platform, positioning the company to capitalize on India's infrastructure growth.