Steel Exchange India Q3 FY26: Net profit falls 86%

Key takeaway from the latest quarter

Steel Exchange India Ltd (NSE: STEELXIND) reported a sharp year-on-year decline in profitability in its latest reported quarter (Q3 FY26). The company’s revenue from operations fell 26.60% YoY to ₹240.35 crore. Net profit also dropped steeply, down 85.60% YoY to ₹2.28 crore. The earnings update is marked to an earnings date of 14 February 2026 in the provided data.

The same data set also shows quarter-on-quarter movement for select lines, indicating a mixed picture. While net profit is shown slightly higher QoQ versus the prior quarter, gross profit is shown lower on both QoQ and YoY basis. Investors tracking STEELXIND typically watch these operating and profit numbers closely because even small changes in margins can materially affect net results in steel-related businesses.

Earnings date and quarter identifiers in the data

The dataset highlights “Last Earnings Date: Q0 FY25-26 | 14th, Feb, 2026”, alongside quarterly performance indicators for revenue, gross profit, and net profit. Separately, it also describes “Q3FY26 financial results” and provides a detailed year-on-year comparison table for net profit (₹227.90 lakhs vs ₹1,586.47 lakhs).

The net profit line item is consistent across these references: ₹227.90 lakhs equals ₹2.279 crore, which matches the “₹ 2.28 Cr” figure shown under “Net Profit - Last Quarter” with a “Last updated on: Mar 30, 2026” stamp.

What the company reported for Q3 FY26

Steel Exchange India’s Q3 FY26 results, as stated in the text, showed declines across key metrics. Revenue from operations fell 26.60% YoY to ₹24,035.05 lakhs (₹240.35 crore). Net profit declined 85.60% YoY to ₹227.90 lakhs (₹2.28 crore).

In the snapshot data, revenue is also shown as “240” with YoY change of -26.61% and QoQ change of 3.71%. Gross profit is shown as “15” with QoQ change of -23.52% and YoY change of -53.82%. Net profit is shown as “2” with QoQ change of 7.58% and YoY change of -85.69%.

Net profit for Q0 FY25-26: the figure investors asked for

The question in the provided text asks: “What is the net profit reported by Steel Exchange India Ltd. in Q0 FY25-26”. The response included in the same text says the company reported a net profit of “Rs 2.”

Supporting figures in the dataset specify “Net Profit - Last Quarter: ₹ 2.28 Cr.” This is also consistent with the Q3 FY26 net profit listed as ₹227.90 lakhs. Taking the numbers together, the net profit for the referenced quarter is ₹2.28 crore (often rounded to ₹2 crore in a simplified snapshot).

Quarter-on-quarter view: Q2 FY26 to Q3 FY26

The dataset also provides Q2 FY26 and QoQ comparisons. Q2 FY26 net profit is listed as ₹211.28 lakhs (₹2.11 crore), with a sharp QoQ decline versus ₹1,022.88 lakhs (₹10.23 crore).

For the subsequent quarter, the “Dec ’25” net profit is shown as ₹2.28 crore compared with the “Sep ’25” net profit of ₹2.11 crore. This aligns with the snapshot’s positive QoQ net profit change (7.58%) and the separate note of QoQ growth (8.06%) comparing Dec ’25 to Sep ’25.

A longer arc: Q1 FY26 showed stronger profitability

The same source material includes commentary and a separate Q1 FY26 results summary. It states the company reported total income of ₹304.95 crore in Q1 FY26, up 14.53% YoY versus ₹266.26 crore in the same quarter last year. EBITDA for Q1 FY26 is listed at ₹36.35 crore, up 32.66% YoY, and EBITDA margin improved to 11.92% from 10.29%.

Net profit in Q1 FY26 is stated as ₹10.23 crore, significantly higher than ₹2.58 crore in Q1 FY25, representing 296.3% YoY growth. The net profit margin is stated at 3.35% versus 0.97%, with an expansion of 238 basis points.

Summary table: latest quarter snapshot (normalised to ₹ crore)

Net profit comparison table across periods mentioned

Market impact: what these numbers signal

The year-on-year decline in Q3 FY26 net profit to ₹2.28 crore from ₹15.86 crore highlights how quickly profitability can compress when operating conditions change. Revenue contraction to ₹240.35 crore also suggests a weaker top-line quarter versus the prior year as per the provided figures.

At the same time, the dataset shows net profit rose modestly sequentially from ₹2.11 crore in Sep ’25 to ₹2.28 crore in Dec ’25. That QoQ movement indicates the quarter was not uniformly weaker than the immediately preceding one, even though year-on-year comparisons remained sharply negative.

Additional business context included in the source text

The provided material also includes a standalone March 2025 data point: net sales at ₹291.42 crore, down 6.64% YoY (dated 20.05.2025). Separately, the Q1 FY26 summary attributes performance to “healthy execution, low raw material prices and customer demand.”

An excerpt of management commentary also mentions expectations of “additional revenue” from Q4 onwards. It further references an expected “top line” range of 1,400 to 1,500 and an expected range of 170 to 180 for another metric, as stated in the transcript text.

Conclusion

Steel Exchange India’s latest reported quarter shows revenue down 26.6% YoY to ₹240.35 crore and net profit down 85.6% YoY to ₹2.28 crore, even as net profit edged up versus the previous quarter. The next key watchpoints from the same source material are how subsequent quarters reflect the company’s expectation of incremental revenue contribution from Q4 onwards and any future updates accompanying upcoming results releases.