Steel Exchange India Q2 FY27 PAT Soars 9x to ₹18 Cr
Steel Exchange India Limited announced record Q2 FY27 results, with Profit After Tax (PAT) surging 835% YoY to ₹17.62 Crore (₹2.11 Crore in Q2 FY26). Revenue from operations increased by 47% YoY to approximately ₹343.35 Crore. Key drivers included record Re-Bar production of 69,617.42 MT, operationalization of a new Reheating Furnace, and a significant debt reduction of approximately ₹102 Crore since December 2025. The company also secured a two-notch credit rating upgrade to IVR BBB+ / Stable. Strategic initiatives include a long-term MoU with NMDC for iron ore supply and advancements in specialty steel under the PLI scheme. The company also received approvals for construction in Amaravati and a renewal from the Ministry of Defence.
Key Highlights
- PAT surged 835% YoY to ₹17.62 Cr in Q2 FY27.
- Revenue grew 47% YoY to ~₹343.35 Cr, driven by record Re-Bar output.
- Total debt reduced by ~₹102 Cr, leading to a credit rating upgrade.
- Secured long-term iron ore supply with NMDC.
- Advancing specialty steel diversification under PLI scheme.
Price Impact
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