Q1 Profits Shine: Steel Exchange India Crosses ₹10 Cr Mark

Q1 Profits Shine: Steel Exchange India Crosses ₹10 Cr Mark

SEIL Profit Jumps Sharply in June Quarter

Steel Exchange India Ltd (SEIL) reported a big increase in its profit for the April–June 2025 quarter. The company earned ₹10.23 crore in net profit, compared to ₹2.58 crore in the same quarter last year. This jump was mainly due to higher income.

Total Income Rises by Over 14%

SEIL’s total income for the June quarter stood at ₹304.95 crore, up by 14.53% from ₹266.26 crore in the same period last year. The rise in income helped boost the company’s overall performance.

Big Contract from RINL Boosts Business

In this quarter, SEIL also received a large order worth up to ₹210 crore from Rashtriya Ispat Nigam Ltd (RINL), a government-owned steel company. The contract is for converting 1.2 lakh tonnes of billets into TMT rebars (used in construction).

Strong Growth in Andhra Pradesh

SEIL’s Joint Managing Director, Suresh Kumar Bandi, said that winning approvals for major infrastructure projects in Andhra Pradesh shows the company’s strong reputation and the trust in its quality.

About SEIL and RINL

SEIL is part of the Vizag Profiles Group and runs an integrated steel plant and power unit in Vizianagaram, near Visakhapatnam.
RINL, which operates under the Ministry of Steel, is one of India’s top six steel producers and runs a 7.5 million tonne steel plant in Visakhapatnam, Andhra Pradesh.