Results - Announcements
Scan Steels Ltd share price gained 4.99% to Rs 45.48 after the company's net profit expanded by 12.11% to Rs 14.53 crore, while revenue from operations nosedived 33.88% to Rs 170.44 crore in Q3FY26 over Q2FY26.
The market capitalization of Iron & Steel industry group stocks on BSE stood at Rs 8.46 lakh crore, easing 7.84%. It has marginally improved by 7.97% over last one week and moved up slightly by 0.33% in last one month while the market capitalization of Scan Steels Ltd has edged up by 12.02% and 26.32% in the same period respectively.
Profit before tax (PBT) of Scan Steels Ltd stood at Rs 19.4 crore in Q3 FY26, tanking 5488.89% year-on-year, and improving 12.07% quarter-on-quarter. EBITDA came in at Rs 2 crore, tumbling by 67.26% YoY and crashing by 92.06% sequentially.
Total expenses plunged by 32.62% to Rs 160.57 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 112.87 crore, slumping by 34.43% YoY, while employee benefits expense was at Rs 9.94 crore, registering a growth of 9.71% YoY.
For the TTM ended FY26, revenue from operations inched higher 6.22% to Rs 838.26 crore, while net profit grew slightly 1.07% to Rs 19.81 crore, compared to previous TTM. EBITDA jumped by 3978% to Rs 47.48 crore, and PBT saw a minor gain of 1.69% to Rs 26.53 crore compared to previous TTM.
The company's consolidated net cash flow from operating activities stood at Rs 37.09 crore in FY26, as against Rs 6.99 crore in FY25.
Scan Steels Ltd surged by 18.47% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 4.80% during the same period.