Steel Exchange India Q2 FY27 Revenue Touches ₹340 Crore, Rising 45% YoY On Strong Demand And Higher Manufacturing Output
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Steel Exchange India reported ₹340 crore Q2 FY27 revenue, up 45% YoY, with record Re-Bar production of 69,465 MT. Read more for details.
Steel Exchange India reported provisional consolidated revenue of around ₹340 crore for Q2 FY27, up nearly 45% year-on-year (YoY) and 25% from the previous quarter. The company attributed the growth to stronger demand and higher production.
Re-Bar production reached a quarterly high of 69,465 metric tonnes. Production in September 2026 stood at 25,095.035 metric tonnes, making it the company’s highest monthly output so far.
The higher production helped Steel Exchange India improve capacity utilisation and operating leverage during the quarter, supporting the increase in revenue.
Despite the positive news, Steel Exchange India’s share price was trading at ₹10.81, or 0.83% lower, on the National Stock Exchange (NSE) at 10:43 AM on Thursday.
What Helped Steel Exchange India's Revenue Grow?
Steel Exchange India's revenue increased alongside stronger manufacturing volumes during the quarter. The company said its record Re-Bar output helped create economies of scale and improve operating leverage.
Another factor was the operationalisation of its Reheating Furnace (RHF). The company said the facility has improved manufacturing yields and capacity utilisation. These changes have helped support production as the company works to improve its overall operations.
Steel Exchange India manufactures TMT rebars under the SIMHADRI TMT brand. Its integrated steel plant near Visakhapatnam has facilities for sponge iron, billet, rolling and power generation, allowing the company to handle multiple stages of steel production.
What Is Steel Exchange India Planning Next?
The company plans to focus on capacity utilisation and operational efficiency in the coming periods. It is also expanding into specialty steels under the Production Linked Incentive (PLI) scheme.
According to the company, Steel Exchange India Re-Bar production has been a key part of the recent improvement, while its move into specialty steels could open up higher-value revenue opportunities and support import substitution.
The company said it remains focused on building a sustainable base for long-term growth. However, the Q2 FY27 figures are provisional and unaudited and remain subject to review by the statutory auditors and approval by the Board of Directors.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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