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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Steel Exchange India Ltd

Steel Exchange India Q2 FY27 Net Profit Rs. 1,762.34 Lakh

RESULTS ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 04 Nov 2026, 01:00 PM IST  ·  BSE ID: 2545f4a2-f526-405a-a150-82763e229cd9
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported its financial results and issued new shares by converting warrants held by some investors.
🤖 AI Summary
  • Steel Exchange India's Board approved unaudited financial results for Q2 FY27 and half year ended 30 September 2026.
  • 8,04,23,279 warrants were converted into equity shares at Rs. 9.45/- per share for non-promoter groups.
  • M/s India Coke and Power Private Limited converted 6,63,13,932 warrants; M/s IMR Steel Private Limited converted 1,41,09,347 warrants.
  • The conversion increased the paid-up share capital from Rs. 1,27,55,18,412/- to Rs. 1,35,59,41,691/-.
  • The newly allotted equity shares rank pari passu with existing equity shares.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Standalone Revenue from operations Q2 FY27
34,315.75 Lakhs
Standalone Net Profit Q2 FY27
1,762.34 Lakhs
Standalone Revenue from operations Half Year FY27
61,287.14 Lakhs
Standalone Net Profit Half Year FY27
3,264.91 Lakhs
Warrants converted
8,04,23,279
Conversion price per share
Rs. 9.45/-
Post-conversion Paid-up share capital
Rs. 1,35,59,41,691/-
Pre-conversion Paid-up share capital
Rs. 1,27,55,18,412/-
🏢 How This Affects the Company
💰
Financial Impact
The conversion of warrants at Rs. 9.45/- per equity share resulted in an increase in the company's issued, subscribed, and paid-up share capital from Rs. 1,27,55,18,412/- to Rs. 1,35,59,41,691/-.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from existing shareholders based on this filing.
👤
Who Is Affected
Shareholders will see an increase in the total issued, subscribed, and paid-up equity shares from 1,27,55,18,412 to 1,35,59,41,691 due to warrant conversion by non-promoter warrant holders.
🔍
Management Signal
The Board's approval of warrant conversion indicates a commitment to expanding the equity base and potentially realizing funds from these preferential allotments.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Q3 FY27 financial results — assess sustained revenue and profit growth.
Update on remaining warrant conversions — monitor changes in equity base.
Segment-wise performance for Power and Logistics — observe profitability trends.
MEDIUM RISK The Power segment continues to report losses, indicating operational challenges in that business area.
💡 Investor Takeaway
Steel Exchange India reported a standalone net profit of Rs. 1,762.34 lakhs for Q2 FY27, a significant increase from Rs. 211.28 lakhs in Q2 FY26. Revenue from operations also rose to Rs. 34,315.75 lakhs in Q2 FY27 from Rs. 23,176.30 lakhs in Q2 FY26. The conversion of 8,04,23,279 warrants increased the paid-up share capital.
⚖️ Strengths & Concerns

✅ Positives

  • Standalone net profit for Q2 FY27 was Rs. 1,762.34 lakhs, an increase from Rs. 211.28 lakhs in Q2 FY26.
  • Standalone revenue from operations for Q2 FY27 reached Rs. 34,315.75 lakhs, up from Rs. 23,176.30 lakhs in Q2 FY26.

⚠️ Concerns

  • The Power segment reported a loss of Rs. (34.40) lakhs for Q2 FY27 and a loss of Rs. (101.84) lakhs for the half year ended 30 September 2026.
  • The total balance warrants remaining for conversion from M/s India Coke and Power Private Limited and M/s IMR Steel Private Limited stands at 23,70,37,021.
❓ Frequently Asked Questions
What was Steel Exchange India's standalone net profit in Q2 FY27?
Steel Exchange India reported a standalone net profit of Rs. 1,762.34 lakhs for the quarter ended 30 September 2026 (Q2 FY27), compared to Rs. 211.28 lakhs in the same quarter of the previous year.
What was Steel Exchange India's standalone revenue from operations in Q2 FY27?
Standalone revenue from operations for Steel Exchange India in Q2 FY27 was Rs. 34,315.75 lakhs, an increase from Rs. 23,176.30 lakhs reported in Q2 FY26.
How many warrants were converted into equity shares by Steel Exchange India?
Steel Exchange India approved the conversion of 8,04,23,279 warrants into equity shares, allotted to non-promoter group warrant holders at an issue price of Rs. 9.45/- per equity share.
What is the new paid-up share capital of Steel Exchange India after the warrant conversion?
Following the warrant conversion, the issued, subscribed, and paid-up share capital of Steel Exchange India increased from Rs. 1,27,55,18,412/- to Rs. 1,35,59,41,691/-.
Which segments reported results for Steel Exchange India?
Steel Exchange India reported results for three business segments: Steel, Power, and Logistics. The Steel segment's revenue was Rs. 33,868.02 lakhs in Q2 FY27.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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