| Metric | Value (₹ Cr) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 132.96 | 42.7% | 5.0% |
| Total Income | 133.02 | 42.7% | 5.9% |
| Expenditure | 133.38 | 39.0% | 6.9% |
| PBT | -0.36 | 102.6% | 81.6% |
| Net Profit | 0.19 | 98.2% | 122.7% |
| OPM | 4.27% | 4.26pp | 10.83pp |
| NPM | 0.14% | 4.38pp | 1.10pp |
| EPS | 0.03 | 98.3% | 117.7% |
Scan Steels' Q2FY26 EBITDA Surges 132% YoY; Strong Capex Plan to Drive Future Growth
31 Oct 2025 · 31 Oct 2025, 09:52 pm
Summary
Scan Steels Limited, an integrated steel plant with 30 years of experience in steel making, has announced its Q2 & H1FY26 financial results. Despite external challenges, the company recorded higher production volumes and a 132% YoY growth in EBITDA for Q2FY26. New projects are expected to enhance cost efficiency, operational performance, and diversification, laying the foundation for sustainable and scalable growth.
Key Highlights
- 1
In H1FY26, overall production volumes trended upward, while in Q2FY26, Sponge Iron output increased, but Billet and TMT production saw a slight decline.
- 2
Sales volumes witnessed a temporary dip in H1FY26 and Q2FY26 due to the early onset of the monsoon in Odisha. However, with improving conditions, management remains optimistic about a strong rebound from Q3FY26 onwards.
- 3
Realization for both Billets and TMT showed a drop in both Q2 & H1FY26.
- 4
In Q2 and H1FY26, revenue witnessed a marginal decline, primarily due to lower realizations and reduced sales volumes. However, performance is expected to improve from Q3FY26 onwards.
- 5
In line with its focus on operational efficiency, the company achieved cost savings driven by process improvements and efficiencies realized through the installation of a hot charging rolling mill, leading to improved Gross profit Margins in both Q2 & H1FY26.
- 6
In Q2FY26, EBITDA and PAT saw a marked improvement, supported by cost optimization measures and enhanced operational efficiencies. However, in H1FY26, profitability decreased.
Management Comments
Mr. Rajesh Gadodia
Chairman
‘m pleased to share that despite external challenges such as the early onset of the monsoon and lower realizations, Scan Steel has maintained its resilience, recording higher production volumes on a half-yearly basis and a 132% YoY growth in EBITDA for the quarter. This improvement in profitability reflects the positive impact of cost optimization initiatives and operational efficiencies achieved through the commissioning of the hot charging rolling mill. New projects are poised to enhance cost efficiency, operational performance, and diversification, laying the foundation for sustainable and scalable growth. Combined with strategic investments, ESG commitment, and stakeholder confidence, the Company is moving forward on a path of responsible and enduring value creation.
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