STEEL EXCHANGE INDIA earnings calls.

Steel Exchange India delivered a strong Q4 FY26 turnaround with revenue of ₹2,870 croreCurrent reported value: revenue of ₹2,870 crore. No comparable prior figure is available in the source record., EBITDA of ₹50.1 croreCurrent reported value: EBITDA of ₹50.1 crore. No comparable prior figure is available in the source record. (up 118% QoQ), and PAT of ₹12.37 croreCurrent reported value: PAT of ₹12.37 crore. No comparable prior figure is available in the source record. (up 443% QoQ), driven by operational efficiencies and improved business performance. The EBITDA margin expanded sharply by 788bps to 17.41%Current reported value: 788bps to 17.41%. No comparable prior figure is available in the source record.. Key catalysts include the induction of IMR GroupCurrent reported value: IMR Group. No comparable prior figure is available in the source record. as a strategic investor (₹300 croreCurrent ₹300 crore. Reported change: Expected in 6 months. equity warrants expected within 6 months), which will provide raw material sourcing advantages and enable export expansion to European markets. Management targets doubling production capacityCurrent reported value: doubling production capacity. No comparable prior figure is available in the source record. with the reheating furnace operational from Q2, expecting to reach 70%+ capacity utilization. Debt reduction is underway—from ₹350 crore term debt to ₹250 crore—with refinancing aimed at sub-10% rates. The company holds approximately 400-700 acres of landCurrent reported value: 400-700 acres of land. No comparable prior figure is available in the source record. for manufacturing and logistics expansion, with MoUs for a 1 million tonne green steel plant. Risks include steel price cyclicality, Q1/Q2 monsoon seasonality, and elevated finance costs (approximately ₹7.5 crore quarterly) until debt is further reduced.