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Latest filing: 2026-07-28 18:24
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Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
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29% YoY PAT Growth in Q1 FY27; EBITDA Margins Expand to 9.1% on Improved Product Mix
Scan Steels reported a strong start to FY27 with Net Profit (PAT) rising 29% YoY to ₹13.0 cr. Revenue grew 11% YoY to ₹257.8 cr, driven by an 8% increase in TMT sales volumes and better realizations. Notably, EBITDA margins expanded to 9.1% from 8.3% YoY, despite a sequential revenue dip, reflecting improved operational efficiency from hot charging and a shift toward value-added products. The company is currently executing a strategic capex program to add downstream pipe and galvanizing facilities.
Confidence: HIGH
What changedThe company has demonstrated a significant recovery in margins (9.1% vs 4.9% in the previous quarter) and is pivoting toward a more integrated, value-added product mix.
Why it mattersFor a small-cap steel player, the ability to expand margins in a fragmented market through captive power and integrated operations is a key differentiator for long-term sustainability.
Q1 FY27 Revenue: ₹257.8 crQ1 FY27 PAT: ₹13.0 crEBITDA Margin: 9.1%TMT Sales Volume: 43,692 MTQ1 Revenue vs TTM Revenue: 30.76%
📅 Short termThe sharp recovery in profitability and margins compared to the previous quarter is likely to be viewed positively by the market in the coming weeks.
📈 Long termThe structural shift toward downstream products like pipes and wire rods, supported by captive power, could re-rate the business if execution remains on track.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Cyclicality of steel prices
- Raw material cost volatility
- Execution risk of multi-stage capex
Key Highlights
Net Profit (PAT) increased 29% YoY to ₹13.0 cr in Q1 FY27 compared to ₹10.0 cr in Q1 FY26.
EBITDA margin expanded to 9.1%, up from 8.3% YoY and significantly higher than 4.9% in Q4 FY26.
TMT sales volumes grew 8% YoY to 43,692 MT, supported by the SHRISHTII TMT brand network.
Total production volume reached 121,692 MT, registering an 8% sequential (QoQ) growth.
Revenue of ₹257.8 cr for the quarter represents approximately 31% of the total TTM revenue of ₹838 cr.
👀 What to Watch
Watch for the commissioning timeline of the new MS pipe mill and galvanizing facilities, as these higher-margin products are central to the company's 'Vision 2031' growth strategy.
Scan Steels Q1 PAT Rises 29% YoY to ₹12.96 Cr; Revenue Up 11% to ₹257.79 Cr
Scan Steels reported a strong start to FY27 with a 29.1% YoY increase in net profit to ₹12.96 Cr for the quarter ended June 30, 2026. Revenue from operations grew 11.1% YoY to ₹257.79 Cr, although it saw a sequential decline of 8.5% from the March 2026 quarter. Profitability improved significantly on a sequential basis, with PAT nearly doubling from ₹6.91 Cr in Q4 FY26. The board also confirmed the re-appointment of internal and cost auditors for the 2026-27 fiscal year.
Confidence: HIGH
What changedThe company reported its Q1 FY27 financial results showing strong year-on-year profit growth and re-appointed its internal and cost auditors.
Why it mattersThe results demonstrate improved operational efficiency and margin expansion despite the fragmented nature of the secondary steel industry and a sequential dip in top-line revenue.
Q1 Revenue: ₹257.79 CrQ1 PAT: ₹12.96 CrQ1 Revenue vs TTM Revenue: 30.7%YoY PAT Growth: 29.1%PBT Margin: 6.7%
📅 Short termThe stock may see positive sentiment in the short term due to the significant year-on-year profit growth and strong sequential recovery in net margins.
📈 Long termLong-term value creation depends on the company's ability to scale its value-added branded products (SHRISHTII TMT) and successfully commission the new MS pipe mill to reduce dependence on commodity-grade steel.
⚠ Risk flags
- Raw material price volatility (materials consumed are 67% of revenue)
- Intense competition in the fragmented secondary steel sector
- Regional concentration in Odisha
Key Highlights
Net Profit increased 29.1% YoY to ₹12.96 Cr compared to ₹10.04 Cr in June 2025
Revenue from operations grew 11.1% YoY to ₹257.79 Cr from ₹232.00 Cr
Basic EPS rose to ₹2.13 for the quarter, up from ₹1.71 in the year-ago period
Profit Before Tax (PBT) margin improved to 6.7% compared to 5.8% in Q1 FY26
Cost of materials consumed stood at ₹172.14 Cr, representing 66.8% of revenue
👀 What to Watch
Investors should monitor the sustainability of these improved margins and the execution timeline of the proposed MS pipe mill facility, which is intended to diversify the product mix.
29% PAT Growth in Q1 FY27; Revenue up 11% YoY to ₹257.79 Cr
Scan Steels reported a strong 29.1% YoY increase in net profit to ₹12.96 Cr for the quarter ended June 30, 2026. Revenue from operations grew 11.1% YoY to ₹257.79 Cr, although it saw a sequential decline from ₹281.66 Cr in the March 2026 quarter. Profitability was bolstered by improved operational performance, with Profit Before Tax (PBT) rising to ₹17.31 Cr from ₹13.43 Cr in the year-ago period. The company also confirmed the re-appointment of its internal and cost auditors for FY 2026-27.
Confidence: HIGH
What changedThe company reported its Q1 FY27 financial results showing significant bottom-line growth and re-appointed M/s. P.A. & Associates and M/s. Ray Nayak and Associates as internal and cost auditors respectively.
Why it mattersThe strong YoY profit growth despite a sequential revenue dip suggests improved operational efficiency or a better product mix, which is critical for a company in the fragmented secondary steel sector.
Revenue (Q1 FY27): ₹257.79 CrNet Profit (Q1 FY27): ₹12.96 CrYoY Revenue Growth: 11.1%YoY PAT Growth: 29.1%Q1 Revenue vs TTM Revenue: 30.7%
📅 Short termThe stock may react positively to the strong YoY earnings growth and EPS expansion in the coming weeks.
📈 Long termStructural growth depends on the successful expansion into MS pipe manufacturing and increasing the sales mix of branded products like SHRISHTII TMT.
⚠ Risk flags
- Sequential revenue decline of 8.5% compared to March 2026 quarter
- High sensitivity to raw material costs
- Intense competition in the fragmented secondary steel sector
Key Highlights
Net Profit after tax increased by 29.1% YoY to ₹12.96 Cr from ₹10.04 Cr.
Revenue from operations rose 11.1% YoY to ₹257.79 Cr compared to ₹232.00 Cr in June 2025.
Basic and Diluted EPS improved to ₹2.13 from ₹1.71 in the corresponding quarter last year.
Profit Before Tax (PBT) stood at ₹17.31 Cr, representing a 28.9% growth over the previous year's ₹13.43 Cr.
Cost of materials consumed stood at ₹172.14 Cr, accounting for 66.8% of revenue from operations.
👀 What to Watch
Investors should monitor the sustainability of the improved margins and track the execution timeline of the proposed MS pipe mill facility, which is expected to diversify revenue streams.
29% PAT Growth to ₹12.96 Cr in Q1 FY27; Revenue up 11% YoY
Scan Steels Ltd reported a strong start to FY27 with a 29.1% YoY increase in Net Profit to ₹12.96 Cr, up from ₹10.04 Cr in the same quarter last year. Revenue from operations grew 11.1% YoY to ₹257.79 Cr, accounting for approximately 31% of the company's TTM revenue. Notably, sequential profitability improved significantly, with PAT rising 87.6% compared to the ₹6.91 Cr reported in Q4 FY26. The company also confirmed the re-appointment of its internal and cost auditors for the 2026-27 fiscal year.
Confidence: HIGH
What changedThe company reported its Q1 FY27 financial results, showing a significant improvement in bottom-line performance both YoY and sequentially.
Why it mattersThe strong profit growth despite a sequential revenue dip suggests improved operational efficiency or a better product mix, which is critical for a small-cap player in the competitive secondary steel sector.
Revenue (Q1 FY27): ₹257.79 CrNet Profit (Q1 FY27): ₹12.96 CrYoY Revenue Growth: 11.1%Q1 Revenue vs TTM Revenue: 30.8%EPS (Q1 FY27): ₹2.13
📅 Short termThe stock may see positive momentum in the coming days due to the sharp sequential recovery in profits and double-digit YoY revenue growth.
📈 Long termLong-term value creation depends on the successful execution of the MS pipe mill expansion and the company's ability to scale its branded products (SHRISHTII TMT) outside its core Odisha market.
⚠ Risk flags
- Raw material price volatility
- Intense competition in the fragmented secondary steel sector
- Regional concentration in Odisha
Key Highlights
Net Profit grew 29.1% YoY to ₹12.96 Cr for the quarter ended June 30, 2026
Revenue from operations increased 11.1% YoY to ₹257.79 Cr from ₹232.00 Cr
Sequential PAT surged 87.6% from ₹6.91 Cr in the March 2026 quarter
Paid-up equity share capital increased to ₹60.75 Cr from ₹58.60 Cr in the previous quarter
Cost of materials consumed stood at ₹172.14 Cr, representing 66.8% of revenue
👀 What to Watch
Monitor the sustainability of operating margins as raw material costs remain high, and watch for updates on the planned MS pipe mill facility which is expected to diversify revenue streams.
Scan Steels Q1 FY27 PAT Jumps 29% YoY to ₹12.96 Cr; Margins Expand to 9.1%
Scan Steels reported a strong start to FY27 with a 29.1% YoY increase in net profit to ₹12.96 Cr, despite a sequential revenue decline of 8.5% to ₹257.79 Cr. The company demonstrated significant operational improvement, with EBITDA margins expanding to approximately 9.1% from a TTM average of 5.9%. The board also confirmed the re-appointment of internal and cost auditors for the 2026-27 fiscal year.
Confidence: HIGH
What changedThe company released its Q1 FY27 financial results showing a sharp increase in profitability and re-appointed its statutory audit partners.
Why it mattersFor a secondary steel player with historically thin margins (5.9% OPM), the expansion to 9.1% is a significant positive shift in operational efficiency or pricing power, potentially leading to a valuation re-rating if sustained.
Revenue (Q1 FY27): ₹257.79 CrNet Profit (Q1 FY27): ₹12.96 CrYoY Profit Growth: 29.1%QoQ Profit Growth: 87.6%EBITDA Margin: 9.1%
📅 Short termThe stock is likely to react positively in the short term due to the substantial beat in net profit and margin expansion compared to both YoY and QoQ figures.
📈 Long termStructural growth depends on the successful execution of the MS pipe mill expansion and the company's ability to maintain higher margins amidst volatile raw material costs in the fragmented steel sector.
⚠ Risk flags
- Raw material cost sensitivity (consumed ~67% of revenue)
- Intense competition in the secondary steel sector
- Regional concentration in Odisha
Key Highlights
Net Profit grew 29.1% YoY to ₹12.96 Cr from ₹10.04 Cr in the year-ago period
Revenue from operations increased 11.1% YoY to ₹257.79 Cr
EBITDA margin improved to 9.1% compared to the TTM average of 5.9%
Quarterly EPS rose to ₹2.13 from ₹1.79 in Q1 FY26
Finance costs increased to ₹2.45 Cr from ₹2.01 Cr YoY
👀 What to Watch
Investors should monitor the sustainability of these improved margins in upcoming quarters and track the progress of the proposed MS pipe mill facility, which is intended to diversify the product mix.
