Steel Exchange India Posts 296% YoY Growth in Q1 Net Profit on Strong Operating Performance

Mumbai (Maharashtra) [India], August 5: Steel Exchange India Limited (NSE: INE503B01021, BSE:  534748), one of the leading integrated steel manufacturers in South India and a trusted name in TMT rebars under the brand ‘SIMHADRI TMT’, has announced its unaudited financial results for Q1 FY26.

Q1 FY26 Key Financial Highlights

  • Total Income of ₹ 304.95 Cr, YoY growth of 14.53%
  • EBITDA of ₹ 36.35 Cr, YoY growth of 32.66%
  • EBITDA Margin of 11.92%, YoY expansion of 163 BPS
  • Net Profit of ₹ 10.23 Cr, YoY growth of 296.30%
  • Net Profit Margin of 3.35%, YoY expansion of 238 BPS

Recent Business Highlights: 

  • SIMHADRI TMT rebars approved for two major AP port projects – Machilipatnam (Megha Engineering) and Mulapeta (Vishwa Samudra JV).
  • Incorporated a wholly owned subsidiary SEIL Infra Logistics Ltd on June 29, 2025, to unlock value from non-core assets and drive focus on infra & logistics.
  • Received a contract for a value up to ₹ 210 Cr from RINL for conversion of 1.2 LTPA billets to Vizag Steel TMT rebars.

Commenting on the performance Mr. Suresh Kumar Bandi, Joint Managing DirectorSteel Exchange India Limited said, “We’re encouraged by the momentum seen in the first quarter of the year. The performance reflects growing demand for our SIMHADRI TMT products and the impact of our continued focus on operational efficiency. Winning approvals for key infrastructure projects in Andhra Pradesh reaffirm the strength of our brand and the trust placed in our quality. At the same time, we are progressing on strategic initiatives such as the creation of our infra-logistics subsidiary, which will help us unlock further value from our ecosystem. With these developments, we remain optimistic about building on this foundation through the rest of the year.”

If you have any objection to this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 24 hours.

Business

Bulkcorp International Limited Commissions Solar Power Plant as Part of Sustainability Initiative

Ahmedabad (Gujarat) [India], August 27: Bulkcorp International Limited (NSE – BULKCORP), one of the leading manufacturers of food-grade FIBCs (Flexible Intermediate Bulk Containers), announced the successful commissioning of its solar power project, Project Urja, in Banaskantha, Gujarat. The project underscores the company’s commitment to sustainability and responsible utilisation of funds raised through its IPO in […]

Read More
Business

Globe Civil Projects Crosses Rs 1,000 Cr Order Book Milestone

Globe Civil Projects Limited (NSE – GLOBECIVIL | BSE – 544424) is pleased to announce that its consolidated order book has crossed ₹1,000 Cr, marking a significant milestone in the company’s growth journey. The order book is well-diversified across institutional, healthcare, and government infrastructure projects. Marquee clients include CPWD, NBCC, and TCIL, many of which are repeat orders, […]

Read More
Business

Art exhibition Past Forward organised by Dali by Comdez concludes

New Delhi [India], August 23:  The engaging five-day kaleidoscope of colours, forms and creativity woven around themes like memory, time and much more. Titled Past Forward, Dali by COMDEZ’s fiesta of art that was on view from  July 12 to 16, 202,5, at the India Habitat Centre’s Open Palm Court, attracted a healthy turnout of […]

Read More