Scan Steels Ltd Reports Q1 Results; Re-appoints Key Auditors for FY 2026-2027
Scan Steels Ltd announced its unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. The results were approved by the company's Board of Directors during a meeting held on July 28, 2026. In addition to the financial performance update, the Board also approved the re-appointment of key professional service providers.The company reported that its Total Income for the quarter stood at Rs. 25,805.04 Lakhs, with Net Profit after Tax reaching Rs. 1,295.51 Lakhs. The results reflect a significant portion of revenue from operations and other income, while total expenses were recorded at Rs. 24,073.86 Lakhs.
The Board also approved the re-appointment of M/s P.A. & Associates, Chartered Accountants, as the Internal Auditor for the Financial Year (FY) 2026-2027, following a recommendation from the Audit Committee. Furthermore, M/s Ray Nayak and Associates, Cost Accountants, were re-appointed as the Cost Auditor for FY 2026-2027.
Q1 Performance Overview (Quarter Ended June 30, 2026)
The company's financial performance is detailed across both standalone and consolidated statements. Key figures from the Statement of Profit and Loss are presented below:| Particular | Metric | Quarter Ended 30.06.2026 (Unaudited) | Quarter Ended 31.03.2026 (Audited) | Quarter Ended 30.06.2025 (Unaudited) | Financial Year Ended 31.03.2026 (Audited) |
|---|---|---|---|---|---|
| Gross Sales / Revenue from operations | Amount in Lacs | 25,778.84 | 28,166.07 | 23,200.08 | 83,825.63 |
| Total Income (a+b) | Amount in Lacs | 25,805.04 | 28,317.86 | 23,205.23 | 83,988.12 |
| Total Expenses (a to g) | Amount in Lacs | 24,073.86 | 27,387.06 | 21,862.39 | 81,335.51 |
| Net Profit / (Loss) for the period After Tax | Amount in Lacs | 1,295.51 | 691.37 | 1,004.11 | 1,980.53 |
Professional Appointments Details
The Board meeting approved the appointments of specialized firms as detailed in the respective disclosures:| Role | Firm Name | Appointment Term | Key Details |
|---|---|---|---|
| Internal Auditor | M/s P.A. & Associates, Chartered Accountants | FY 2026-2027 | Registered with Institute of Chartered Accountants of India (FRN: 313085E). The firm provides professional services in taxation, accounts, and audit. |
| Cost Auditor | M/s Ray Nayak and Associates, Cost Accountants | FY 2026-2027 | Registered with the Institute of Cost Accountants of India (FRN: 000241). The firm specializes in cost auditing and cost records maintenance. |
The results for both standalone and consolidated entities reflect revenue streams that are consistent across the reporting periods, with both forms showing Total Income at Rs. 25,805.04 Lakhs for the quarter ended June 30, 2026. The company operates in a single segment: Steel Manufacturing.
SCANSTL Stock Price Movement
Scan Steels Limited shares today closed strongly, climbing by 3.58% to settle at ₹50.51 after the close. The stock saw a solid trading session, logging a volume of 374,679 shares as it continued its strong run toward its annual high marks.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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