Steel Exchange India Reports Q1 FY27 Results: Net Profit Rises 46.9% YoY to ₹1,502.56 Lakh

Steel Exchange India Limited (CIN: L74100TG1999PLC031191) has officially announced its unaudited consolidated financial results for the first quarter ended June 30, 2026 (Q1 FY27). The Hyderabad-headquartered steel, power, and logistics enterprise posted a 46.9% year-on-year (YoY) increase in net profit to ₹1,502.56 lakh, driven by improved operational efficiencies and a noticeable reduction in finance costs, despite a moderate dip in top-line revenue.

Key Financial Highlights (Q1 FY27 vs Q1 FY26 & Q4 FY26)

Revenue from Operations: Consolidated gross sales and revenue from operations stood at ₹26,971.39 lakh for Q1 FY27. This represents a 10.1% YoY decline from ₹29,999.89 lakh reported in Q1 FY26 and a sequential moderation of 6.1% compared to ₹28,732.75 lakh in Q4 FY26. Total revenue for the full previous fiscal (FY26) was recorded at ₹1,05,943.99 lakh.

Total Income: Total income for the quarter came in at ₹27,070.92 lakh, including ₹99.53 lakh in other income, compared to ₹30,495.19 lakh in Q1 FY26 and ₹28,769.89 lakh in Q4 FY26.

Profit Before Tax (PBT): PBT grew by 46.9% YoY to ₹1,502.56 lakh in Q1 FY27 compared to ₹1,022.88 lakh in Q1 FY26. On a sequential basis, PBT stood lower than the ₹2,562.44 lakh posted in Q4 FY26.

Net Profit / Total Comprehensive Income: Net profit for the period reached ₹1,502.56 lakh, matching the PBT as no tax expenses were recorded for the quarter. This marks a substantial growth over ₹1,022.88 lakh in Q1 FY26 and ₹1,237.04 lakh in Q4 FY26. Total comprehensive income attributable to owners also stood at ₹1,502.56 lakh.

Earnings Per Share (EPS): Basic and diluted EPS (face value ₹1/- per share) expanded to ₹0.12 for the quarter, up from ₹0.09 in Q1 FY26 and ₹0.10 in Q4 FY26 (un-annualised).

Expense Analysis & Cost Efficiencies

Total consolidated expenses for Q1 FY27 declined 13.2% YoY to ₹25,568.36 lakh compared to ₹29,472.31 lakh in Q1 FY26 and ₹26,207.45 lakh in Q4 FY26.

Key expense breakdowns include:

Raw Materials Consumed: Stood at ₹20,251.30 lakh (vs ₹19,600.92 lakh in Q1 FY26 and ₹18,619.75 lakh in Q4 FY26).

Purchases of Finished & Semi-Finished Products: Dropped significantly to ₹309.39 lakh (vs ₹60.98 lakh in Q1 FY26 and ₹5,974.48 lakh in Q4 FY26).

Changes in Inventories: Showed a credit/adjustment of (₹676.35) lakh (vs a positive change of ₹3,628.18 lakh in Q1 FY26).

Finance Costs: Reduced markedly by 26.0% YoY to ₹1,398.16 lakh compared to ₹1,889.06 lakh in Q1 FY26 and ₹1,758.55 lakh in Q4 FY26, highlighting lower interest burden and improved balance sheet health.

Employee Benefits Expense: Stood at ₹1,189.03 lakh (vs ₹1,095.23 lakh in Q1 FY26).

Depreciation & Amortisation: Amounted to ₹623.21 lakh (vs ₹722.87 lakh in Q1 FY26).

Other Expenses: Totaled ₹2,425.47 lakh (vs ₹2,381.38 lakh in Q1 FY26).

Segment-Wise Performance

Steel Exchange India operates across three primary business segments: Steel, Power, and Logistics.

1. Segment Revenue

Steel Segment: Revenue generated stood at ₹26,582.16 lakh in Q1 FY27 (vs ₹29,486.49 lakh in Q1 FY26 and ₹28,265.76 lakh in Q4 FY26).

Power Segment: Revenue advanced to ₹2,640.06 lakh (vs ₹2,573.96 lakh in Q1 FY26 and ₹2,583.55 lakh in Q4 FY26).

Logistics Segment: Revenue surged YoY to ₹162.83 lakh (vs ₹64.38 lakh in Q1 FY26 and ₹186.07 lakh in Q4 FY26).

Inter-segment Deductions: Total inter-segment revenue eliminated was ₹2,413.67 lakh, leaving net revenue from operations at ₹26,971.39 lakh.

2. Segment Results (Profit/Loss Before Finance Cost & Tax)

Steel Business: Contributed ₹2,810.39 lakh in segment profit for Q1 FY27 (vs ₹2,844.13 lakh in Q1 FY26 and ₹4,234.86 lakh in Q4 FY26).

Power Business: Reported a loss of (₹67.44) lakh (vs a profit of ₹11.22 lakh in Q1 FY26 and a loss of ₹92.38 lakh in Q4 FY26).

Logistics Business: Generated a profit of ₹157.77 lakh, up nearly 3x from ₹56.59 lakh in Q1 FY26 (vs ₹178.50 lakh in Q4 FY26).

Total segment profit before finance costs and tax stood at ₹2,900.72 lakh (vs ₹2,911.94 lakh in Q1 FY26). After deducting finance costs of ₹1,398.16 lakh, the profit before tax reached ₹1,502.56 lakh.

Capital Employed & Balance Sheet Summary

Segment Assets: Total consolidated assets expanded to ₹1,48,041.10 lakh as of June 30, 2026 (up from ₹1,29,759.78 lakh in Q1 FY26 and ₹1,35,330.59 lakh in Q4 FY26). The Steel business holds the largest share of assets at ₹1,22,750.83 lakh, followed by Power at ₹20,861.51 lakh and Logistics at ₹4,428.77 lakh.

Segment Liabilities: Total consolidated liabilities reduced YoY to ₹32,758.47 lakh (down from ₹37,591.88 lakh in Q1 FY26; compared to ₹31,639.76 lakh in Q4 FY26).

Equity Base: Paid-up equity share capital stood at ₹12,755.18 lakh (face value ₹1/- per share) as of June 30, 2026, compared to ₹11,976.33 lakh in Q1 FY26 and ₹12,472.21 lakh in Q4 FY26.

Source : Equity Bulls

Keywords

SteelExchangeIndia Q1FY27 Q1FY2027 ResultUpdate