STEELXIND

STEEL EXCHANGE INDIA: Q1 PAT JUMPS 47%, NET WORTH RISES TO ₹673 CRORE 📈🏗️ • 💰 Steel Exchange India reported Q1 FY27 net profit of ₹15.03 crore, up 46.89% YoY, while net profit margin improved to 5.57% from 3.41% last year. • 💵 The company's net worth increased to ₹672.76 crore, supported by preferential allotments and warrant conversions, strengthening its balance sheet. • 📉 Debt-to-equity ratio improved to 0.27x from 0.48x YoY, while finance costs declined significantly, reflecting successful deleveraging. • ⚙️ The company also improved its Asset Coverage Ratio to 3.77x and reiterated its focus on becoming net debt-free, while positioning itself to benefit from India's infrastructure growth. 🟢 Impact: Positive (Strong profit growth, lower leverage and a strengthened balance sheet improve financial stability and support long-term growth.)