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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 lakhs; 8.04 Cr Warrants Converted

RESULTS ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 04 Nov 2026, 01:14 PM IST  ·  BSE ID: 7202ea54-8300-4e42-b109-2cfa2d26d66f
View Original BSE Filing (PDF)
💡
In Simple Terms
Steel Exchange India reported higher profits and revenue for the latest quarter, and converted over 8 crore warrants into new shares.
🤖 AI Summary
  • Standalone net profit for Q2 FY27 increased to Rs. 1,762.34 lakhs from Rs. 211.28 lakhs in Q2 FY26.
  • Total standalone revenue from operations reached Rs. 34,315.75 lakhs for Q2 FY27, up from Rs. 23,176.30 lakhs in Q2 FY26.
  • Board approved conversion of 8,04,23,279 warrants into equity shares at Rs. 9.45 per share.
  • Issued and paid-up share capital increased from Rs. 1,27,55,18,412 to Rs. 1,35,59,41,691 post warrant conversion.
  • Segment results for Steel showed a profit of Rs. 3,056.16 lakhs for Q2 FY27.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Net Profit for Q2 FY27
Rs. 1,762.34 lakhs
734.13%
Revenue from Operations for Q2 FY27
Rs. 34,315.75 lakhs
47.98%
Warrants Converted
8,04,23,279
New Paid-up Equity Share Capital
Rs. 1,35,59,41,691
Basic EPS for Q2 FY27
Rs. 0.14
600.00%
🏢 How This Affects the Company
📈
Business Impact
The Steel segment's revenue from operations increased to Rs. 33,868.02 lakhs in Q2 FY27 from Rs. 22,684.46 lakhs in Q2 FY26, indicating growth in its core business.
💰
Financial Impact
The conversion of 8,04,23,279 warrants at Rs. 9.45 per share increased the company's issued, subscribed, and paid-up share capital from Rs. 1,27,55,18,412 to Rs. 1,35,59,41,691.
⚙️
Operational Impact
The company availed a Working Capital Term Loan of Rs. 1,119.00 lakhs under the ECLGS framework, which provides additional operational liquidity.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by existing shareholders based on this filing.
👤
Who Is Affected
Shareholders will see an increase in the total number of outstanding equity shares as 8,04,23,279 new shares are allotted, diluting existing shareholding proportionately. The paid-up capital increased from Rs. 1,27,55,18,412 to Rs. 1,35,59,41,691.
🔍
Management Signal
The conversion of warrants indicates management's intent to strengthen the equity base and utilize funds for company operations, as detailed in the initial warrant issue terms.

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

👁 Watch List - track these upcoming events
Q3 FY27 results – observe sustained revenue and profit growth.
Details on utilization of funds raised from warrant conversion.
Performance of the Power and Logistics segments in future reports.
MEDIUM RISK While results improved, the Power segment continues to report losses, and future performance relies on effective capital deployment.
💡 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. Total revenue from operations rose to Rs. 34,315.75 lakhs. The company also completed the conversion of 8,04,23,279 warrants at an issue price of Rs. 9.45 per share.
⚖️ Strengths & Concerns

✅ Positives

  • Standalone net profit for Q2 FY27 grew to Rs. 1,762.34 lakhs compared to Rs. 211.28 lakhs in Q2 FY26.
  • Total revenue from operations increased to Rs. 34,315.75 lakhs in Q2 FY27 from Rs. 23,176.30 lakhs in Q2 FY26, a 47.98% YoY increase.

⚠️ Concerns

  • The Power segment reported a segment result loss of Rs. (34.40) lakhs for Q2 FY27 and Rs. (101.84) lakhs for the half-year ended 30.09.2026.
  • Other income for Q2 FY27 was Rs. 19.38 lakhs, a decrease from Rs. 114.86 lakhs in Q2 FY26.
📅 Company Track Record
Steel Exchange India reported a Q2 FY27 net profit of Rs. 1,762.34 lakhs. In Q2 FY26, the company reported a net profit of Rs. 211.28 lakhs. The earlier filing on 2026-11-04 also mentioned the conversion of 8.04 Cr warrants.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was Steel Exchange India's standalone net profit for Q2 FY27?
Steel Exchange India reported a standalone net profit of Rs. 1,762.34 lakhs for the quarter ended 30th September 2026 (Q2 FY27).
What was Steel Exchange India's total revenue from operations for Q2 FY27?
For Q2 FY27, Steel Exchange India recorded total standalone revenue from operations of Rs. 34,315.75 lakhs.
How many warrants were converted into equity shares by Steel Exchange India?
The Board approved the conversion of 8,04,23,279 warrants into equity shares of face value Rs. 1/- each at an issue price of Rs. 9.45 per share.
What is the updated 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 to Rs. 1,35,59,41,691, comprising 1,35,59,41,691 equity shares.
What were the segment results for Steel Exchange India's Steel business in Q2 FY27?
The Steel business segment of Steel Exchange India reported a profit before finance cost, exceptional items, and tax of Rs. 3,056.16 lakhs for 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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