Scan Steels Q4 FY26: Sales up 17%, profit +65%

Stock snapshot as of July 2, 2026

Scan Steels Ltd (BSE: 511672, symbol: SCANSTL) was quoted at ₹41.24 as of July 2, 2026. The company’s market capitalisation was stated at ₹241.68 crore on the same date. The article data also highlights that the stock price is volatile and can change through the day with market conditions. Separately, another quoted price in the provided text puts the stock at ₹39.86, indicating different snapshots at different times. A prior close mentioned in the data is ₹36.86 on May 15, 2026 (BSE). On returns, the stock was reported to have delivered -0.51% over the last 6 months and -1.18% over the last 12 months (as per the same data source).

Valuation indicators: P/E and P/B

The provided data pegs Scan Steels’ P/E ratio at 10.98 and P/B ratio at 0.57. These are commonly used valuation measures, with P/E relating the share price to earnings and P/B comparing market value to book value. The low P/B figure in particular suggests the market value is below reported book value, though the dataset does not provide book value or net worth numbers to validate drivers. Investors typically read such ratios alongside profitability, leverage, and cash flow trends. In Scan Steels’ case, the updates include quarterly swings in profit and EBITDA, which can influence how valuation multiples are interpreted. Since the stock is described as volatile, intraday movements may also impact these metrics.

Consolidated Q4 (March 2026) results: sales, profit, and EBITDA

For the March 2026 quarter, Scan Steels reported consolidated net sales of ₹281.66 crore, up 16.78% year-on-year from ₹241.19 crore in March 2025. Consolidated net profit for the quarter was reported at ₹7.85 crore, up 65.42% from ₹4.74 crore a year earlier. EBITDA stood at ₹15.19 crore for March 2026, up 47.76% from ₹10.28 crore in March 2025. The dataset also states that EPS increased to ₹1.34 in March 2026 from ₹0.81 in March 2025. These figures indicate stronger operating performance and higher profitability in the March quarter compared with the same quarter last year.

Q3 FY26 update: QoQ growth and margins

A separate operating update in the provided text points to strong sequential movement in Q3 FY26. Revenue for Q3 FY26 was stated at ₹191.60 crore, up 44% QoQ. For the first nine months of FY26, revenue was mentioned at ₹556.60 crore, up 2% YoY. Q3 EBITDA was reported at ₹10.40 crore, an 83% QoQ increase, with EBITDA margin improving to 5.4% from 4.3% in Q2. On volumes, TMT sales volume increased 55% QoQ to 42,717 MT, while the text also notes that TMT realisations declined (no value was provided). These operating and margin indicators matter because they help explain whether profit improvements are driven by volume, pricing, cost control, or mix.

Q1 FY26: two reported sets of numbers in the data

The material also includes Q1 FY26 numbers in two forms. One section states that total income for Q1 FY2026 was ₹232.05 crore versus ₹235.94 crore in Q1 FY2025. It also reports net profit of ₹10.04 crore versus ₹14.56 crore and EBITDA of ₹13.43 crore versus ₹18.63 crore, with the Board approving these unaudited results on August 7, 2025. Another part, presented as a company press release on August 8, 2025, states revenue from operations of ₹232.00 crore, EBITDA of ₹19.30 crore, and PAT of ₹10.50 crore, with margins cited at 8.3% (EBITDA) and 4.5% (PAT). The provided dataset does not explain the reason for the difference between EBITDA figures (₹13.43 crore vs ₹19.30 crore). Readers should therefore treat these as separate reported figures from different disclosures, without assuming they are directly comparable.

Q2 FY26 and half-year standalone: income drop and a quarterly loss

For Q2, the provided text includes standalone figures indicating volatility in quarterly performance. Standalone Q2 total income was ₹133.02 crore, compared with ₹232.05 crore in Q1 (as per the same dataset line). The company also reported a standalone Q2 net loss of ₹0.25 crore, versus a Q1 profit of ₹10.04 crore. For the half year, standalone total income was stated at ₹365.07 crore, with net profit of ₹9.79 crore. Another mention of unaudited results for the quarter ended September 30, 2025 reports gross sales of ₹132.96 crore versus ₹139.95 crore in the same period last year, a net loss of ₹0.23 crore for the quarter, and a half-year net profit of ₹9.95 crore. These numbers show that profitability has not been linear across quarters in the available disclosures.

Board meetings and the trading window

The company scheduled a board meeting on May 15, 2026 at 4:00 PM to consider audited standalone and consolidated financial results for Q4 and FY ending March 31, 2026. The dataset also notes an insider trading window closure from April 1, 2026 for designated persons, with reopening 48 hours after declaration of audited results. Another board meeting was scheduled for February 5, 2026 at 4:00 PM to consider and approve unaudited standalone and consolidated results for Q3 and the nine months ended December 31, 2025. Such timelines are relevant because they define the cadence of financial updates and compliance-driven trading restrictions.

Trading suspension and the NCLAT-linked public shareholding issue

A key operational market-related point in the text is that trading in Scan Steels’ equity shares remains suspended due to procedural reasons. The dataset states the company received an NCLAT order on July 15, 2025 regarding increasing public shareholding, and that a listing application is under process with BSE Limited. Beyond these statements, the provided information does not include timelines for resumption or the specific procedural steps pending. Still, the mention is important because a suspension can affect liquidity, price discovery, and investor participation.

Capital and corporate actions: preference shares

The dataset also includes a capital structure update: the board approved the allotment of 20,42,133 Optionally Convertible Redeemable Preference Shares (OCRPS) of ₹10 each, against conversion of 28,31,139 Non-Convertible Redeemable Preference Shares (NCRPS). No additional details are provided on conversion ratios, valuation, or impact on equity shareholding. Without that, the update can only be read as a disclosed corporate action approved by the board. Investors generally track such changes because they can alter the company’s capital mix over time.

Governance changes: directors and auditors

Governance disclosures in the text include director appointments and auditor changes. Mr. Ankur Madaan was re-appointed as Whole-time Director for three years from May 24, 2026 to May 23, 2029. The company appointed three independent directors for five-year terms from August 8, 2025 to August 7, 2030: Mr. Jitendriya Mohanty, Ms. P. Monalisha (Independent Woman Director), and Mrs. Sushama Anuj Yadav (Independent Woman Director). The company also appointed M/s Amarendra Mohapatra & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), with the decision confirmed at the 32nd AGM on September 26 (year referenced as 2025 in the dataset). The AGM also included approval of financial statements and ratification of cost auditors’ remuneration, as per the provided text.

Key figures at a glance

Market impact and what to track next

From the disclosed numbers, Scan Steels reported clear year-on-year improvement in consolidated March 2026 quarter sales, EBITDA, profit, and EPS. At the same time, the dataset also highlights quarter-to-quarter variability in standalone performance during FY26, including a Q2 net loss. For market participants, the most immediate practical factor remains the stated trading suspension and the company’s process with BSE, alongside the NCLAT-linked public shareholding requirement referenced in the text. On the operations side, the Q3 FY26 update points to higher TMT volumes and better margins quarter-on-quarter, while also flagging weaker realisations.

Near-term attention typically centres on scheduled result dates and the company’s disclosures around trading restrictions. In Scan Steels’ case, the May 15, 2026 board meeting for audited FY26 numbers, and the trading window reopening 48 hours after results, are the explicit milestones stated. Any further updates on the listing process and resumption of trading, if announced by the company or exchange, would be another key development to monitor based on the issues described in the provided material.