Steel Exchange India posts 296% profit surge

Steel Exchange India Limited reported a 296.30% year-over-year increase in net profit to ₹10.23 crore for Q1 FY26. Total income grew 14.53% to ₹304.95 crore, while EBITDA increased 32.66% to ₹36.35 crore.

The company secured approval of SIMHADRI TMT rebars for two major Andhra Pradesh port projects and won a ₹210 crore contract from RINL for billet conversion.

SEIL also established wholly-owned subsidiary SEIL Infra Logistics Ltd to focus on infrastructure and logistics operations.