Steel Exchange India Q2 FY27 Revenue Rises 45% To ₹340 Crore On Record Re-Bar Production
Mumbai: Steel Exchange India Limited announced on October 8, 2026, that its provisional consolidated revenue for the second quarter of financial year 2027 reached approximately ₹340 crore. The company attributed the growth to robust demand and execution, along with record re-bar production. Production Volumes The company achieved its highest-ever quarterly re-bar production of 69,465 metric…
Steel Exchange India Limited disclosed on October 8, 2026, that its provisional consolidated revenue for the second quarter of financial year 2027 rose to around ₹340 crore. This significant increase was credited to strong demand, successful execution, and a record re-bar production volume. The company reached its highest-ever quarterly re-bar production of 69,465 metric tonnes during Q2 FY27, which facilitated economies of scale and operating leverage.
In September 2026, monthly production hit an all-time high of 25,095.035 metric tonnes, indicating continuous productivity gains. The company also reported a net profit of ₹15.03 crore in Q1 FY27 and total revenue of ₹269.71 crore. Steel Exchange India is strategically diversifying into specialty steels under the Production Linked Incentive (PLI) scheme, aiming to generate higher-margin revenue and ensure import substitution under Atmanirbhar Bharat.
The Q2 FY27 results signify a pivotal moment in the company's turnaround, as it continues to prioritize enhancing capacity utilization, reinforcing operational efficiencies, and establishing a robust foundation for sustained growth. Please note that these figures are provisional and unaudited, pending review by statutory auditors.
This report is derived from the company's exchange filings and intended for informational purposes only. Potential investors are advised to conduct thorough risk assessments before making any investment decisions.
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