Q2 FY27 update: ~₹340 crore provisional revenue, record 69,465 MT Re-bar output

Steel Exchange India shared a provisional Q2 FY27 business update: revenue of approximately ₹340 crore, up ~45% YoY and ~25% QoQ, with highest-ever quarterly Re-bar production of 69,465 MT.

Thu 8 Oct 2026

Provisional Revenue

approximately ₹340 crore, up ~45% YoY and ~25% QoQ

Quarterly Re-bar Production

highest-ever 69,465 MT

September 2026 Output

best-ever 25,095.035 MT

The headline

Steel Exchange India Limited, the company behind the SIMHADRI TMT brand, shared a business update for Q2 FY27 with the stock exchanges ahead of its financial results. The company describes the quarter as showing strong momentum, driven by record production and improving operating efficiencies, and calls it a significant step forward in its turnaround journey.

The numbers in the update

• Provisional consolidated revenue of approximately ₹340 crore, described as up about 45% year-on-year and about 25% quarter-on-quarter.
• Highest-ever quarterly Re-Bar production of 69,465 MT.
• Best-ever monthly production of 25,095.035 MT in September 2026.

The company attributes the revenue growth to strong demand and execution.

What supported the quarter

• Record Re-Bar volumes, which the company says drive economies of scale and operating leverage.
• The Reheating Furnace (RHF) has been operationalised, which the company says has structurally improved manufacturing yields and capacity utilisation.
• Diversification into specialty steels under the PLI scheme, which the company says opens higher-margin revenue streams and supports import substitution under Atmanirbhar Bharat.

How to read it

This is a business update shared ahead of the financial results, and it carries the company's own commentary on the quarter. Going forward, the company says it remains focused on improving capacity utilisation, strengthening operational efficiencies and building a sustainable platform for long-term growth.

Keep in mind

The figures in the update are provisional and unaudited, and remain subject to review by the Statutory Auditors and approval by the Board of Directors.

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