Steel Exchange India Limited Releases Q1 2026 Un-Audited Results; Approves Director Tenure and Reviews Finances
Steel Exchange India Limited has released its standalone and consolidated un-audited financial results for the quarter ended June 30, 2026. The company's Board of Directors reviewed and approved these results alongside various corporate decisions, including management appointments and director tenure approvals.Financial Performance Highlights
The company reported the following key figures in its standalone results:| Particulars | Qended 30.06.2026 (Unaudited) | Qended 31.03.2026 (Audited) | Qended 30.06.2025 (Unaudited) | Year ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Total Revenue from Operations | 29,999.89 | 28,732.75 | 105,943.99 | 105,943.99 |
| Total Income [1+2] | 99.53 | 37.14 | 495.30 | 697.85 |
| Total Expenses | 27,070.92 | 28,769.89 | 106,641.84 | 106,641.84 |
| Net Profit / (Loss) for the period | N/A | 1,237.04 | 2,699.10 | 2,699.10 |
| Total Comprehensive Income | N/A | 10.04 | 10.04 | 10.04 |
In the consolidated results, Steel Exchange India Limited reported:
| Particulars | Qended 30.06.2026 (Unaudited) | Qended 31.03.2026 (Audited) | Qended 30.06.2025 (Unaudited) | Year ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Total Revenue from Operations | 2,413.67 | 2,302.63 | 8,267.71 | 105,943.99 |
| Profit / (Loss) before tax | 1,398.16 | 1,758.55 | 6,946.39 | 6,946.39 |
Segmental Performance Review
The company's business is divided into Steel, Power, and Logistics segments. The results for the quarter ended June 30, 2026, are as follows:| Business Segment | Qended 30.06.2026 (Profit before FC/Exceptions/Tax) | Qended 31.03.2026 | Qended 30.06.2025 |
|---|---|---|---|
| Steel | 1,398.16 | 1,758.55 | 6,946.39 |
| Power | (67.44) | (92.38) | 11.22 |
| Logistics | 157.77 | 178.50 | 56.59 |
Financial Ratios and Metrics
Key financial metrics provide insight into the company's stability and operational efficiency:| Metric | Qended 30.06.2026 (Unaudited) | Qended 31.03.2026 (Audited) |
|---|---|---|
| Debt Equity Ratio (Total Borrowings/Total Equity) | 0.27 | 0.42 |
| Current Ratio (Assets / Liabilities) | 2.57 | 2.26 |
| Operating EBITDA Margin (%) | 13% | 12% |
| Net Profit Margin (%) | 6% | 3% |
Corporate Governance and Capital Actions
The Board meeting held on July 20, 2026, approved several significant matters:- Director Tenure: The Board approved the continuation of Ms. Bhagyam Ramani as a Non-Executive Independent Director beyond the age of 75 years until the completion of her balance current first term of office.
- Remuneration Approval: Approved the remuneration to Mr. Mohit Sai Kumar Bandi, Whole-time Director, for the remaining two years of his tenure, subject to member approval.
- Financing Activities: The company reported that in April 2026, it allotted 28,297,870 Equity Shares on the conversion of share warrants to Gunakala Vijayalakshmi for an amount of 3,398.99 lakhs. Separately, during the quarter, 361,460,300 Convertible Equity Share Warrants were issued at a premium, generating revenue of 14.089.50 lakhs.
- Credit Status: It was noted that 3,828,14.06% of the listed Non-Convertible Debentures (NCDs), valued at 0.10 lakh each, are stated at a reduced face value of 0.3 lakh each as of June 30, 2026, following partial payment to NCD holders.
- Subsidiary: SEIL Infra Logistics Limited was incorporated on June 29, 2025, and the company invested 2.5 lakhs in this wholly-owned subsidiary during the quarter, though the subsidiary has not commenced commercial operations.
Key Personnel Disclosure
The Board also authorized specific Key Managerial Persons (KMPs) for disclosure purposes:| Name | Designation |
|---|---|
| Mr. Satish Kumar Bandi | Managing Director |
| Mr. Vankina Sri Rakesh | Chief Financial Officer |
| Mr. Raveendra Babu M | Company Secretary & Compliance Officer |
Asset Security and Utilization of Funds
A certificate confirming the book value of assets in relation to secured non-convertible debentures was issued by Pavuluri & Co. The total book value of assets stood at 1,331.85 lakh for the relevant debt securities, resulting in a Security Cover Ratio of 3.81 times.Regarding fund utilization, two statements were released: one pertaining to the preferential issue (conversion of warrants into Equity Shares) raising Rs 3990.00 Lakhs and another concerning the issuance of Convertible Warrants, which raised Rs 34158.00 Lakhs. Both statements confirmed that there was no deviation in the use of funds against the original objects for these specific issuances.
STEELXIND Stock Price Movement
Shares of Steel Exchange India Limited shed 2.58% in post-market trading, settling at ₹12.00 today.The stock traded within a range bounded by a day high of ₹12.45 and a low of ₹11.70, with total volume reaching 3.61 million shares.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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