Market Performance
Steel Exchange share price witnessed a sharp rise of 5.08% during Tuesday’s trading session on the BSE, reaching an intraday high of ₹10.96 per share.
- 1-Month Gain: 5%
- 3-Month Gain: 31%
- 6-Month Gain: 6%
- Year-to-Date (YTD): Up 4%
- 1-Year Performance: Down 19%
- 3-Year Performance: Down 33%
- 5-Year Return: Multibagger gain of 267%
As of 12:40 PM, the stock was trading at ₹10.55, up 1.15% on the day.
Main News
The recent surge in Steel Exchange share price came after the company announced its Q1 FY26 financial results, showing a substantial improvement across all major financial metrics.
The company’s performance reflects higher operational efficiency and growing demand for its products, especially SIMHADRI TMT bars.
Company Details
Steel Exchange India Ltd. is a notable player in the iron and steel manufacturing sector. The company continues to focus on expanding its product reach and operational capacity, especially in Andhra Pradesh, where it has received key infrastructure project approvals.
Financial Highlights
Revenue
- Q1 FY26 Revenue: ₹304.95 crore
- Q1 FY25 Revenue: ₹266.26 crore
- YoY Growth: 14.53%
EBITDA
- Q1 FY26 EBITDA: ₹36.35 crore
- Q1 FY25 EBITDA: ₹27.40 crore
- YoY Growth: 32.66%
EBITDA Margins
- Q1 FY26 EBITDA Margin: 11.92%
- Q1 FY25 EBITDA Margin: 10.29%
- Improvement: +163 basis points
Net Profit
- Q1 FY26 Net Profit: ₹10.23 crore
- Q1 FY25 Net Profit: ₹2.58 crore
- YoY Growth: 296.30%
Summary
Steel Exchange India delivered a robust financial performance in the first quarter of FY26, marked by a 296% jump in net profit and a solid 32.66% rise in EBITDA. The company’s focus on operational efficiency and increasing market demand for its SIMHADRI TMT products contributed to this growth. Following the results, Steel Exchange share price gained over 5%, reflecting investor optimism.
The stock’s long-term performance showcases multibagger returns over a 5-year period, even though short-term fluctuations persist.
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