Steel Exchange India Limited has released the transcript of its Q4 FY26 Earnings Conference Call, which was held on May 28, 2026. The call featured management including Mr. Bandi Suresh Kumar (Joint Managing Director), Mr. Bandi Mohit Sai Kumar (Whole-Time Director), Mr. Brahmaiah Telaprolu (Group Financial Advisor), and Mr. V. S. Rakesh (GM Corporate Finance). During the call, the management highlighted strong sequential improvement in Q4 FY26 financial performance. Total income rose to ₹287.70 crores from ₹240.86 crores in Q3 FY26, a 19.45% increase. EBITDA saw a significant jump of 118.12% sequentially to ₹50.10 crores, with margins improving to 17.41%. Net profit for the quarter was ₹12.37 crores, a 442.80% increase from the previous quarter's ₹2.28 crores, with net profit margins at 4.30%. For the full year FY26, the company reported total income of ₹1,066.42 crores, EBITDA of ₹138.03 crores, and net profit of ₹26.99 crores. The company also made progress in strengthening its balance sheet by infusing capital and reducing debt by approximately ₹68 crores over the last two quarters, including redeeming ₹43.19 crores towards NCD obligations. The company discussed strategic initiatives including the upcoming investment of ₹300 crores from IMR Group as a strategic investor through equity warrants, expected within the next six months. This investment is anticipated to aid in raw material sourcing and scaling up operations, including potential expansion into green steel manufacturing and European markets. Mr. Anirudh Misra has joined the board, bringing international experience. Future plans include expanding trading operations into other states, acquiring conversion units, and potentially establishing a 1 million ton green steel plant. The company is also developing a logistics park in Vishakhapatnam, with MOUs signed for acquiring additional land. Management expects capacity utilization to increase to over 70% in the current year, with new capex expected to reflect in the books from the second quarter onwards. The company anticipates that pledged shares will be released once debt is significantly reduced through refinancing and the incoming funds from IMR Group.
