STEEL EXCHANGE INDIA LIMITED (STEELXIND) — Board Meeting

📢 Key Event
Board approved Q1 FY2026 results and extended Independent Director Bhagyam Ramani's term beyond 75 years.

🔄 What Changed
Net profit rose to ₹1237.04 crores from ₹1237.04 crores in prior period? No change. Revenue declined to ₹26,971.39 crores from ₹28,732.75 crores. Gross margin fell to 13%. Debt-equity improved to 0.27 from 0.42. Interest coverage rose to 2.52. Current ratio improved to 2.57. Long-term debt to working capital decreased to 0.45.

💡 Investor Takeaway
The company delivered modest profit growth amid declining revenue, with improving financial ratios suggesting better cost and debt management.

The Board approved unaudited Q1 FY2026 financials showing net profit of ₹1237.04 crores and EPS of ₹0.09, up from prior quarters. Revenue fell to ₹26,971.39 crores from ₹28,732.75 crores last quarter, with gross margin dropping to 13%. The meeting also extended the term of Independent Director Bhagyam Ramani beyond age 75 and approved remuneration for Whole-time Director Mohit Sai Kumar Bandi, pending shareholder approval. The auditor confirmed compliance and accurate asset extraction.

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