Visakhapatnam, India: Steel Exchange India Limited (NSE: STEELXIND | BSE: 534748), one of South India’s leading integrated steel manufacturers and the company behind the SIMHADRI TMT brand, has shared a business update for Q2 FY27 with the stock exchanges ahead of its financial results. The update points to strong momentum, powered by record production and improving operating efficiencies – a significant step forward in the Company’s turnaround journey.

Key Business Highlights – Q2 FY27 (Provisional):

  • Robust Revenue Growth: Provisional consolidated revenue of approximately ₹340 Crore, up ~45% YoY and ~25% QoQ, on the back of strong demand and execution.
  • Record Volumes: Highest-ever quarterly Re-Bar production of 69,465 MT, driving economies of scale and operating leverage.
  • Best-ever Month: Production touched a record 25,095.035 MT in September 2026, reflecting continuous productivity gains.
  • Higher Yields: Operationalisation of the Reheating Furnace (RHF) has structurally improved manufacturing yields and capacity utilisation.
  • Value-Added Growth: Diversification into specialty steels under the PLI scheme opens up higher-margin revenue streams and supports import substitution under Atmanirbhar Bharat.

Business Momentum: Q2 FY27 marks another important milestone in the Company’s turnaround. The sharp rise in revenue points to sustained improvement in underlying business performance, while record Re-Bar output underlines the growing momentum across manufacturing operations. Going forward, the Company remains focused on improving capacity utilisation, strengthening operational efficiencies and building a sustainable platform for long-term growth. Note: figures above are provisional and unaudited, and remain subject to review by the Statutory Auditors and approval by the Board of Directors.