| Scrip Code | 534748 |
|---|---|
| NSE Symbol | STEELXIND |
| MSEI Symbol | NOTLISTED |
| ISIN | INE503B01021 |
| Name of company | STEEL EXCHANGE INDIA LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 14-02-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 09-02-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 14-02-2026 11:45:00 |
| End date and time of board meeting | 14-02-2026 13:45:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No |
| No. of times funds raised during the quarter | |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| Not Applicable | |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 24,035.05 | 77,211.24 | |
| Other income | 50.55 | 660.71 | |
| Total income | 24,085.60 | 77,871.95 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 15,868.69 | 54,675.02 |
| (b) | Purchases of stock-in-trade | 366.83 | 1,156.07 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 2,165.53 | 3,117.39 |
| (d) | Employee benefit expense | 1,110.80 | 3,304.88 |
| (e) | Finance costs | 1,371.07 | 5,187.85 |
| (f) | Depreciation, depletion and amortisation expense | 697.76 | 2,143.57 |
| (f) | Other Expenses | ||
| 1 | Impairment allowance for doubtful debts and other receivables | 37.26 | 201.73 |
| 2 | Other expenses | 2,239.76 | 6,623.37 |
| Total other expenses | 2,277.02 | 6,825.10 | |
| Total expenses | 23,857.70 | 76,409.88 | |
| 3 | Total profit before exceptional items and tax | 227.90 | 1,462.07 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 227.90 | 1,462.07 |
| 6 | Tax expense | ||
| 7 | Current tax | 0.00 | 0.00 |
| 8 | Deferred tax | 0.00 | 0.00 |
| 9 | Total tax expenses | 0.00 | 0.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 227.90 | 1,462.07 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 227.90 | 1,462.07 |
| 17 | Other comprehensive income net of taxes | 0.00 | 0.00 |
| 18 | Total Comprehensive Income for the period | 227.90 | 1,462.07 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 12,472.21 | 12,427.21 | |
| Face value of equity share capital | 1 | 1 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 0.02 | 0.12 | |
| Diluted earnings (loss) per share from continuing operations | 0.02 | 0.12 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 0.02 | 0.12 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 0.02 | 0.12 | |
| 24 | Debt equity ratio | 0.4500 | 0.4500 |
| 25 | Debt service coverage ratio | 1.00 | 0.7600 |
| 26 | Interest service coverage ratio | 1.900 | 1.8600 |
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | (1) The above financial results for the quarter and nine moths ended 31st Dec, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 14.02.2026 and a limited review of the same was carried out by the Statutory Auditors of the Company. (2) Considering the requirements under Indian Accounting Standard (Ind AS) 108 on Operating Segments, the Company has identified sale of Steel and Power as primary business segments and accordingly the disclosures have been made. As per this standard the Company has reported segment information as described below: (a) The steel segment includes production and marketing operations of Sponge iron, Billets & Rebars (TMT). (b) The power segment includes generation and marketing operations of Thermal based power. (3) During the quarter, 3,828, 18.75 % Listed, rated, redeemable, secured, Non-Convertible Debentures (NCDs) of Rs 10,00,000 each (issue price) held by Neo Special Credit Opportunities Fund and True North Credit Opportunities Fund-I amounting to Rs198.56 Crs, having a reduced face value of Rs. 5,18,700 each were taken over by Kotak Credit Opportunities Fund on 07.10.2025 with modified terms including reduction in interest rate to 14.06%. (4) During the quarter, the company received a working capital demand loan of Rs. 1000 lakhs from Oxyzo Financial Services Ltd.at an interest rate of 12.00% p.a. (5) SEIL Infra Logistics Limited, a wholly owned subsidiary of Steel Exchange India Limited, was incorporated on June 29, 2025. As of the reporting date, the company has not commenced its business operations. Consequently, consolidation of its financials has not been undertaken for the current quarter. (6) The Government of India has enacted the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (‘Labour Codes’). The Company is in the process of evaluating the impact of the said Labour Codes on its financial statements, including employee benefit expenses and related liabilities. As on the date of approval of these financial results, the Company is unable to reasonably estimate the financial impact, if any.The implementation of these codes is subject to the notification of rules by the respective State Governments. The Company shall implement the Labour Codes with effect from 1st April 2026, or such other date as may be notified by the appropriate authorities and will account for the impact, if any, in the period in which the same becomes effective. (7) Other income includes interest, lease rentals received, gain on sale of property, plant and equipment and miscellaneous income. (8) Previous period/quarter figures have been re arranged/regrouped where ever considered necessary. |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | Steel | 23,829.54 | 76,000.49 | ||||
| 2 | Power | 2,075.47 | 7,039.92 | ||||
| Total Segment Revenue | 25,905.01 | 83,040.41 | |||||
| Less: Inter segment revenue | 1,869.96 | 5,829.17 | |||||
| Revenue from operations | 24,035.05 | 77,211.24 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Steel | 1,853.18 | 6,980.11 | ||||
| 2 | Power | (254.21) | (330.19) | ||||
| Total Profit before tax | 1,598.97 | 6,649.92 | |||||
| i. Finance cost | 1,371.07 | 5,187.85 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | 0.00 | 0.00 | |||||
| Profit before tax | 227.90 | 1,462.07 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Steel | 1,13,559.28 | 1,13,559.28 | ||||
| 2 | Power | 21,474.05 | 21,474.05 | ||||
| Total Segment Asset | 1,35,033.33 | 1,35,033.33 | |||||
| Un-allocable Assets | 0.00 | 0.00 | |||||
| Net Segment Asset | 1,35,033.33 | 1,35,033.33 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Steel | 31,909.19 | 31,909.19 | ||||
| 2 | Power | 574.46 | 574.46 | ||||
| Total Segment Liabilities | 32,483.65 | 32,483.65 | |||||
| Un-allocable Liabilities | 0.00 | 0.00 | |||||
| Net Segment Liabilities | 32,483.65 | 32,483.65 | |||||
| Disclosure of notes on segments | Textual Information(2) | ||||||
| Textual Information(2) | (1) The above financial results for the quarter and nine moths ended 31st Dec, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 14.02.2026 and a limited review of the same was carried out by the Statutory Auditors of the Company. (2) Considering the requirements under Indian Accounting Standard (Ind AS) 108 on Operating Segments, the Company has identified sale of Steel and Power as primary business segments and accordingly the disclosures have been made. As per this standard the Company has reported segment information as described below: (a) The steel segment includes production and marketing operations of Sponge iron, Billets & Rebars (TMT). (b) The power segment includes generation and marketing operations of Thermal based power. (3) During the quarter, 3,828, 18.75 % Listed, rated, redeemable, secured, Non-Convertible Debentures (NCDs) of Rs 10,00,000 each (issue price) held by Neo Special Credit Opportunities Fund and True North Credit Opportunities Fund-I amounting to Rs198.56 Crs, having a reduced face value of Rs. 5,18,700 each were taken over by Kotak Credit Opportunities Fund on 07.10.2025 with modified terms including reduction in interest rate to 14.06%. (4) During the quarter, the company received a working capital demand loan of Rs. 1000 lakhs from Oxyzo Financial Services Ltd.at an interest rate of 12.00% p.a. (5) SEIL Infra Logistics Limited, a wholly owned subsidiary of Steel Exchange India Limited, was incorporated on June 29, 2025. As of the reporting date, the company has not commenced its business operations. Consequently, consolidation of its financials has not been undertaken for the current quarter. (6) The Government of India has enacted the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (‘Labour Codes’). The Company is in the process of evaluating the impact of the said Labour Codes on its financial statements, including employee benefit expenses and related liabilities. As on the date of approval of these financial results, the Company is unable to reasonably estimate the financial impact, if any.The implementation of these codes is subject to the notification of rules by the respective State Governments. The Company shall implement the Labour Codes with effect from 1st April 2026, or such other date as may be notified by the appropriate authorities and will account for the impact, if any, in the period in which the same becomes effective. (7) Other income includes interest, lease rentals received, gain on sale of property, plant and equipment and miscellaneous income. (8) Previous period/quarter figures have been re arranged/regrouped where ever considered necessary. |
|---|
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| Total Amount of items that will not be reclassified to profit and loss | |||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | ||
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | ||
| 5 | Total Other comprehensive income | ||