How did Scan Steels' Q1 performance compare to the previous quarter?

Q1 net profit was ₹12.96 cr, up from ₹7 cr in the March 2026 quarter; revenue was ₹257.79 cr, down from ₹282 cr in Q4. So sequential revenue declined but profit improved.

What is the significance of the ₹850 cr capex plan?

It is nearly 3.7 times the company's current market cap of ₹241 cr, indicating a massive capacity expansion. Execution and funding are key.

What are the other key financial metrics?

Trailing P/E is 11, ROE is 5.1%, and debt/equity is low at 0.15.

Were there any extraordinary items in Q1?

The filing shows no exceptional items; profit growth appears operational.

What do the auditor reappointments mean?

They are routine annual reappointments with no change in auditor quality or scope.

Earnings · Steel & Iron Products · Micro cap

Scan Steels Q1 profit rises 29% YoY to ₹12.96 cr; revenue up 11%

Mild growth but the ₹850 cr capex plan remains the bigger story for the micro-steel maker.

— 3 earlier stories on Scan Steels Ltd. →

SCANSTL By Tipsheet Editorial 28 Jul 2026 · 6:13 PM IST Verify on BSE · NSE

Mkt cap₹241 cr

P/E10.97×

ROE5.12%

Debt / eq.0.15

₹12.96 cr Q1 net profit, up 29% YoY

What's new

Net profit rose to ₹12.96 crore from ₹10.04 crore a year earlier.
Revenue from operations grew to ₹257.79 crore (₹232 crore).
Board reappointed internal and cost auditors for FY27 — routine.

Why this matters

Moderate single-quarter growth, but with a market cap of just ₹241 crore, the ₹850 crore capex plan (373% of market cap) dwarfs this quarter's numbers. The profit trajectory is positive, but the investment case hinges on capacity expansion execution.

What we're watching

Whether the ₹850 cr capex stays on track.
Next quarter's margin trajectory.
Any debt build-up given low debt/equity (0.15).

The full read

Scan Steels posted a 29% YoY jump in standalone net profit to ₹12.96 crore for the June 2026 quarter, with revenue climbing 11% to ₹257.79 crore. The numbers are solid but unspectacular for a company whose real story is the ₹850 crore capex plan, nearly four times its market cap. That expansion will determine whether this micro-steel maker can break out of single-digit ROE (5.1%). For now, growth is ticking along, debt is low (D/E 0.15), and the board has stuck with routine auditor reappointments. No surprises. The capex execution is what changes the narrative.

Questions answered

How did Scan Steels' Q1 performance compare to the previous quarter?: Q1 net profit was ₹12.96 cr, up from ₹7 cr in the March 2026 quarter; revenue was ₹257.79 cr, down from ₹282 cr in Q4. So sequential revenue declined but profit improved.
What is the significance of the ₹850 cr capex plan?: It is nearly 3.7 times the company's current market cap of ₹241 cr, indicating a massive capacity expansion. Execution and funding are key.
What are the other key financial metrics?: Trailing P/E is 11, ROE is 5.1%, and debt/equity is low at 0.15.
Were there any extraordinary items in Q1?: The filing shows no exceptional items; profit growth appears operational.
What do the auditor reappointments mean?: They are routine annual reappointments with no change in auditor quality or scope.

Mentioned: ₹850 cr capex plan · ₹12.96 cr profit

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Scan Steels Ltd.

Steel

₹244 cr

P/E 11.06×

Latest quarter · Mar 2026

Sales₹282 cr

Net profit₹7 cr

Op. margin+4.9%

EPS₹1.34

Strength & growth

Debt / equity0.15×

Current ratio1.85×

Sales CAGR+8.7%

EPS CAGR+15.1%

Story so far

All notes on SCANSTL →

28 Jul 2026 · 6:13 PM IST Scan Steels Q1 profit rises 29% YoY to ₹12.96 cr; revenue up 11%
today Scan Steels Q1 results were already out. This press release adds nothing new.
today Scan Steels Q1 profit up 29% YoY; focus stays on ₹850 cr capex plan
39d ago Scan Steels eyes ₹850 cr capex to nearly quadruple capacity