Key Highlights
- Steel Exchange India reported provisional consolidated revenue of approximately ₹340 crore in Q2 FY27.
- Revenue increased by approximately 45% year-on-year and 25% quarter-on-quarter.
- Quarterly Re-Bar production reached a record 69,465 MT.
- September 2026 production touched a record 25,095.035 MT.
- Operationalisation of the Reheating Furnace improved manufacturing yields and capacity utilisation.
- The company is expanding into specialty steels under the Production Linked Incentive scheme.
- The company continues to focus on capacity utilisation and operational efficiency.
Steel Exchange India Limited, which operates under the SIMHADRI TMT brand, reported provisional consolidated revenue of approximately ₹340 crore for the second quarter of FY27. The company said revenue increased by around 45% year-on-year and 25% quarter-on-quarter, supported by higher production volumes and improved operational efficiency.
The company shared the business update with the stock exchanges ahead of the announcement of its financial results.
Record Re-Bar Production Supports Revenue Growth
Steel Exchange India recorded its highest-ever quarterly Re-Bar production of 69,465 metric tonnes (MT) during Q2 FY27. The company said the increase in production contributed to economies of scale and improved operating leverage.
The company also reported its best-ever monthly production in September 2026, when output reached 25,095.035 MT. The September production figure reflects the company’s continued focus on improving manufacturing productivity and capacity utilisation.
Operational Efficiency Improves
According to the company, the operationalisation of its Reheating Furnace (RHF) has contributed to improvements in manufacturing yields and capacity utilisation.
The development is part of the company’s broader efforts to strengthen operational efficiency and improve production performance.
Focus on Value-Added Steel Products
Steel Exchange India is also expanding into specialty steel products under the Production Linked Incentive (PLI) scheme. The company said the initiative is aimed at developing higher-margin revenue streams and supporting import substitution.
The company’s business update indicates that increased production, improved operational performance and diversification into value-added steel products are among the key areas supporting its ongoing business turnaround.
Steel Exchange India Q2 FY27 Business Highlights
- Provisional consolidated revenue stood at approximately ₹340 crore.
- Revenue increased by approximately 45% year-on-year.
- Revenue grew by approximately 25% quarter-on-quarter.
- Quarterly Re-Bar production reached a record 69,465 MT.
- September 2026 production reached a record 25,095.035 MT.
- Reheating Furnace operations contributed to improved yields and capacity utilisation.
- The company is pursuing specialty steel opportunities under the PLI scheme.
- Steel Exchange India continues to focus on improving capacity utilisation and operational efficiency.
The Q2 FY27 business update highlights a rise in revenue and production volumes, with the company continuing to focus on operational improvements and value-added steel products as part of its growth strategy.
