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Visakhapatnam (Andhra Pradesh) [India], May 26: Steel Exchange India Limited (NSE: STEELXIND, BSE: 534748), one of the leading integrated steel manufacturers in South India and a trusted name in TMT rebars under the brand ‘SIMHADRI TMT’, has reported its Audited financials for Q4 FY26 & FY26. 

Q4 FY26 Standalone Key Financial Highlights*

• Total Income of ₹287.70 Cr, QoQ growth of 19.45%
• EBITDA of ₹0.10 Cr, QoQ growth of 118.12%
• EBITDA Margin of 17.41%, QoQ growth of 788 Bps
• Net Profit of ₹ 12.37 Cr, QoQ growth of 442.80%
• Net Profit Margin of 4.30%, QoQ growth of 335 Bps

*Q3 FY26 Unaudited Figures

FY26 Standalone Key Financial Highlights

• Total Income of ₹ 1,066.42 Cr
• EBITDA of ₹ 138.03 Cr
• EBITDA Margin of 12.94%
• Net Profit of ₹ 26.99 Cr
• Net Profit Margin of 2.53%

Strengthening Leadership & Strategic Oversight:

• Board Strengthening: Mr. Anirudh Misra appointed as Additional Non-Executive & Non-Independent Director (subject to shareholder approval), a seasoned industry leader with extensive experience in metals, mining, and global commodities trade. As the Founder of IMR Group, he has built a globally recognized commodities trading and mining enterprise, driving international expansion, strategic growth, and large-scale business transformation across markets, bringing a strong global perspective and strategic depth to the Company.

• Leadership Enhancement: Appointment of Mr. Vankina Sri Rakesh as Chief Financial Officer (CFO) and Key Managerial Personnel, a seasoned finance professional with over four decades of experience, strengthening financial strategy and governance framework.

• Strengthened Financial Oversight: Mr. Suresh Kumar Bandi, Whole-Time Director designated as Joint Managing Director & Director, has been assigned additional responsibility for the finance function of the Company and will serve as “Whole-Time Director designated as Joint Managing Director & Director – Finance,” reinforcing leadership bandwidth and enhancing focus on financial discipline and capital management.

Commenting on the financial performance, the management of Steel Exchange India Limited said: “FY26 was an important year for Steel Exchange India Limited as we continued to strengthen our operational capabilities, improve financial flexibility, and build a stronger platform for long-term growth. During the year, we remained focused on improving efficiencies, optimizing product mix, and strengthening profitability across the business. We also made significant progress towards balance sheet strengthening through capital infusion, debt reduction, and improvement in our credit profile, which further enhances our growth potential going forward. 

At the same time, our planned expansion into specialty and green steel, along with logistics infrastructure development, reflects our long-term vision to strengthen our integrated steel platform and capture emerging opportunities across the sector. Going forward, we remain focused on disciplined execution, operational excellence, and sustainable growth.”

Recent Key Business Highlights

MES Approval Renewal

• Secured 5-year renewal of MES approval under the Ministry of Defence for TMT bar supplies.
• Reinforces eligibility for government and defence infrastructure projects.
• Strengthens presence in high-entry-barrier institutional infrastructure segments.

Capital Infusion and Strengthening

• Investment from India Coke and Power Private Limited and IMR Steel Private Limited
• (IMR Group) and other Investors
• Received ₹85 crore upfront via allotment of convertible warrants
• As Part of the ₹350 crore preferential issue approved by the Board
• 2.83 Cr existing warrants converted into equity shares post receipt of ~₹29.92 Cr

Debt Reduction 

• Redeemed ₹43.19 crore towards NCDs in a single tranche (~13% of total debt)
• Follows ₹24.97 crore repayment over last two quarters, taking total reduction to ~₹68.16 crore
• Repaid over 20% of long-term debt since October 2025, marking progress towards becoming debt-free in the near future

About Steel Exchange India Limited

Steel Exchange India Limited (SEIL), part of the Vizag Profiles Group, is a leading manufacturer of TMT rebars under the brand ‘SIMHADRI TMT’. Founded in 1999, the Company has grown from a steel trading and online platform into one of the most trusted integrated steel manufacturers in Andhra Pradesh and Telangana.

SEIL operates an Integrated Steel Plant & Power Unit in Vizianagaram Dist, Near Visakhapatnam.  These facilities house sponge iron, billet, rolling mill, and power generation capacities, enabling complete backward and forward integration for long steel production.

With a strong brand presence and supply track record to the Armed Forces and critical infrastructure projects, SEIL is known for quality and reliability. In line with the ‘Atmanirbhar Bharat’ vision, the Company is diversifying into specialty steels under the PLI scheme to support import substitution and expand its value-added offerings.

For FY26, the company has reported Total Income of ₹1,066.42 Cr, EBITDA of ₹138.03 Cr, and Net Profit of ₹26.99 Cr.

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Chennai (Tamil Nadu) [India], May 26: SEPC Limited (NSE: SEPC | BSE: 532945), a leading EPC player with strong execution capabilities across water & wastewater, infrastructure, and industrial segments, announced its unaudited financial results for Q4 and FY26, marking a year of robust operational progress.

 Key Financial Highlights

Q4 FY26 Consolidated Key Financial Highlights
 • Total Income of ₹ 288.95 Cr, YoY growth of 129.12%
 • EBITDA of ₹ 25.32 Cr, YoY growth of 7.30%
 • Net Profit of ₹ 13.73 Cr, YoY growth of 37.00%
 • Net Profit Margin of 4.75%, YoY decline of 320 Bps
 • Diluted EPS of ₹ 0.07, YoY growth of 16.67%

FY26 Consolidated Key Financial Highlights
 • Total Income of ₹ 1,085.84 Cr, YoY growth of 68.08%
 • EBITDA of ₹ 108.92 Cr, YoY growth of 10.09%
 • Net Profit of ₹ 53.54 Cr, YoY growth of 115.53%
 • Net Profit Margin of 4.93%, YoY growth of 109 Bps
 • Diluted EPS of ₹ 0.30, YoY growth of 87.50%

Commenting on the performance Mr. Venkataramani Jaiganesh, Managing Director of SEPC Limited, said: “FY26 has been a defining year for SEPC, marked by strong execution, disciplined delivery, and a clear strategic focus on scaling high-value opportunities. The robust growth in total income and the more than doubling of net profit reflect the strength of our operating model and our ability to consistently deliver across complex infrastructure projects.

During the year, we have made meaningful progress in diversifying our project portfolio across water and wastewater management, industrial infrastructure, and mining, while also strengthening our presence in both domestic and international markets. Our strategic acquisition initiatives further enhance our technical capabilities and expand our global footprint, positioning us to capture larger and more complex opportunities.

We continue to benefit from a favourable industry environment, supported by increased government spending on infrastructure, rising investments in water management, and a strong push towards sustainable development. This provides a multi-year visibility for growth, particularly in EPC segments where execution capability and scale are critical differentiators.

Our focus remains on improving project execution efficiency, optimizing cost structures, and selectively bidding for projects with better margin profiles. At the same time, we are strengthening our order book quality, which will support sustainable revenue growth and margin expansion going forward.

With a healthy pipeline, improved operational discipline, and a diversified business mix, we are confident of maintaining this growth momentum. SEPC is well-positioned to capitalize on emerging opportunities and deliver consistent value to all stakeholders in the years ahead.”

Key Business Highlights

About SEPC Limited

SEPC Limited (formerly Shriram EPC Limited) is a well-established EPC company offering turnkey solutions across Water & Wastewater, Roads, Industrial Infrastructure, and Mining sectors. The company specializes in the design, procurement, construction, and commissioning of large and complex infrastructure projects across India.

SEPC serves a wide range of clients, including Central and State Government agencies, and continues to play a key role in India’s infrastructure development.

In FY26, the Company delivered Total Income of ₹1,085.8 Cr, EBITDA of ₹108.9 Cr, and Net Profit of ₹53.5 Cr, against Total Income of ₹646.0 Cr in FY25, with Net Profit more than doubling over the previous year.

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Gurugram (Haryana) [India], May 26: Warivo Electric’s latest dealer meet felt less like a routine product event and more like the kind of gathering where a company quietly signals that it is preparing for a bigger league. More than 350 dealers from 19 states travelled to attend the event on 16th May 2026, where the company introduced four upcoming electric scooters: CRX High Speed, Majesty, Panzer, and Edge Sports. The atmosphere inside the venue carried equal parts excitement, curiosity, and business calculation. Dealers were not just looking at new launches; they were trying to understand where the brand sees itself over the next few years in India’s increasingly crowded EV market.

The Biggest Attraction: CRX High Speed

The biggest crowd naturally formed around the CRX High Speed. Even before the official presentation ended, dealers had already gathered around the scooter, checking the seating comfort, inspecting the design details, and discussing its positioning in the premium category. The scooter comes with a 75 km/h top speed, a TFT display, 42-liter boot space, and a long 830 mm seat aimed at improving comfort for daily riders.

What worked in its favour instantly was that it did not look built only for specification sheets. The design carried a sharper and more mature identity compared to many scooters currently fighting for attention in the market. Several dealers present at the event privately admitted they see stronger demand now for EVs that feel aspirational rather than merely economical.

That shift in customer thinking was a recurring conversation throughout the day. A few years ago, buyers entering the EV category mainly asked about range and pricing. Dealers now say customers walk in asking about styling, technology, comfort, and whether the product “feels premium enough” to replace their petrol scooter entirely. Warivo Electric appears to be responding directly to that shift.

Majesty, Panzer and Edge Sports Expand the Portfolio

Majesty and Panzer, the other two major launches of the evening, took a different route. Instead of sporty positioning, both scooters leaned heavily toward practicality, durability, and stronger road presence. Dealers from smaller cities seemed especially optimistic about these models, pointing out that reliability and sturdier construction still influence purchase decisions heavily outside metro markets.

Edge Sports, meanwhile, was clearly aimed at younger buyers a scooter built more around styling and everyday urban usage.

Beyond Product Launches: A Larger Business Push

But the launches were only one part of the larger picture.

Behind the stage presentations and product reveals, the event also carried an unmistakable business message: Warivo Electric is now pushing aggressively toward expansion.

Executives spent considerable time discussing dealership growth, service reach, and future manufacturing plans with partners attending the meet. The company intends to expand deeper into both urban and regional markets, while simultaneously strengthening after-sales infrastructure, an area that has become increasingly important as the EV sector matures.

One announcement that drew serious attention from dealers was the company’s plan to establish an in-house lithium battery manufacturing facility.

In India’s EV business today, battery sourcing has become one of the biggest long-term concerns for manufacturers. Delays, dependency on suppliers, and pricing fluctuations continue to affect operations across the industry. Dealers present at the event viewed Warivo’s localisation plans as a sign that the company is trying to build stronger operational control before scaling further.

The company also confirmed that work is underway on a metal-body electric scooter, which is expected to focus on durability and premium positioning.

Leadership Commentary

Speaking during the event, Chief Marketing Officer Yuvraj Garg said Warivo Electric recorded 2.5x growth during the previous financial year and is now targeting 500 dealerships across India.

“Warivo Electric has witnessed an impressive 2.5x growth in the last financial year, reflecting the strong trust and confidence our dealers and customers have shown in the brand. With an aggressive expansion strategy in place, we are now targeting 500 dealerships across India in the current financial year,” he said.

He added that the newly unveiled lineup is expected to strengthen the company’s position in the Indian EV market over the coming months.

Industry Outlook

What stood out most during the gathering, however, was not only the scale of the event but the confidence among the dealer network itself. Conversations throughout the venue suggested that the market has moved beyond asking whether electric vehicles are the future. For most businesses present there, that debate already feels over.

The real question now is which brands will survive the next phase when competition becomes sharper, margins tighter, and customers more demanding.

Warivo Electric, at least for now, appears determined to ensure it remains part of that conversation.

Nilay Joshi -Executive Director, Sarda Energy & Minerals Limited

New Delhi [India], May 26: Sarda Energy & Minerals Ltd (SEML) reported a 53 percent rise in consolidated net profit for the March quarter at Rs 155 crore, compared with Rs 101 crore in the year-ago period. For the full financial year 2025-26, profit after tax rose 58 percent to Rs 1,109 crore from Rs 702 crore in the previous fiscal. Total income increased 23 percent year-on-year to Rs 5,928 crore.

Speaking during the earnings call on Monday, the management said FY26 marked a strategic inflection point for the company, with EBITDA crossing the Rs 2,000 crore mark for the first time, driven by increased contribution from the energy segment. The company said in its analyst presentation that it is working towards doubling its EBITDA by FY30.

According to the management, over the last five years Sarda Energy has transformed itself from a mid-sized cyclical commodity-linked metals business into a more diversified and integrated energy and mining company.

The company said that in FY21, earnings were largely driven by steel and ferro alloy cycles, with profitability exposed to volatility in commodity prices and raw material costs. Since then, it has diversified through investments across thermal power, hydro power and coal mining.

Key milestones in this transition include the acquisition and integration of SKS Power’s 2×300 MW thermal power assets, operationalisation of the 113 MW hydro power project in Sikkim and the commencement and scale-up of coal mining operations at Gare Palma IV/7.

“This transformation is reflected in our financial and operating performance. Over FY21 to FY26, revenue grew at a CAGR of 21 percent to approximately Rs 5,928 crore, EBITDA tripled at a CAGR of 25 percent to Rs 2,025 crore, while profit after tax also recorded a threefold increase at a CAGR of 24 percent to Rs 1,109 crore,” the management said.

During the same period, the company’s energy capacity increased nearly fivefold to 929 MW. The management added that supported by strong liquidity, an improved credit profile and a net debt-free balance sheet, Sarda Energy remains well positioned for long-term sustainable value creation.

The company also reported its highest-ever thermal and hydro power generation in FY26, along with record production across iron ore pellets, sponge iron, HB wire and coal mining operations. SEML operates across power generation, mining, steel and ferro alloys.

Mumbai (Maharashtra) [India], May 26: Repono Limited (BSE- REPONO | 544463 | INE15WN01014), a 360-degree warehousing and liquid terminal solutions provider to India’s oil and petrochemical sector, has announced its Un-audited financial results for H2 FY26 & FY26.

H2 FY26 Standalone Key Financial Highlights

• Total Income of ₹ 35.73 Cr, YoY growth of 22.08%
• EBITDA of ₹ 5.67 Cr, YoY growth of 31.96%
• EBITDA Margin of 15.87%, YoY growth of 119 Bps
• Net Profit of ₹ 3.53 Cr, YoY growth of 42.90%
• Net Profit Margin of 9.88%, YoY growth of 144 Bps
• EPS of ₹ 3.21, YoY decline of 2.73%

FY26 Standalone Key Financial Highlights

• Total Income of ₹ 66.45 Cr, YoY growth of 28.80%
• EBITDA of ₹ 11.15 Cr, YoY growth of 29.49%
• EBITDA Margin of 16.78%, YoY growth of 9 Bps
• Net Profit of ₹ 6.58 Cr, YoY growth of 29.03%
• Net Profit Margin of 9.90%, YoY growth of 2 Bps
• EPS of ₹ 7.06, YoY growth of 3.82%

Commenting on the financial performance, Mr. Dibyendu Deepak, Managing Director Repono Limited said:“FY26 marked a year of steady operational progress and strategic expansion for Repono Limited. Increasing demand for specialized warehousing, liquid terminal infrastructure, and integrated supply chain consulting across the oil and petrochemical sector continues to create significant long- term opportunities for the industry. During the year, we strengthened our business platform through strategic initiatives including subsidiary incorporation and joint venture expansion, which will support our growing presence across warehousing, logistics, and terminal operations. Supported by healthy business momentum and improving operational scale, we remain focused on strengthening execution capabilities, expanding service offerings, and building a scalable platform to drive sustainable long-term growth”

Recent Key Business Highlights

Incorporation of Step-Down Subsidiary 

• Repono Mathura Terminals Private Limited
• Strengthens presence in warehousing segment

Joint Venture Formation 

• JV formation in Saudi Arabia 
• Golden Wing Trading Company; Repono to hold 51% stake 
• Expands into petrochemical warehousing, liquid terminal and container handling services

About Repono Limited

Repono Limited (The Company, Repono) is a specialized service provider offering 360-degree warehousing and liquid terminal solutions to India’s oil and petrochemical sector. Its services span consultancy, engineering, operations and maintenance (O&M), and value-added services, catering to top public and private sector enterprises.

Repono is a trusted O&M partner in the oil value chain, managing storage assets from crude oil and refined fuels to ethanol, petrochemical warehouses, specialty chemical terminals, and Lube oil plants. Repono has entered in the international market by establish a Joint Venture company in Saudi Arabia.

In FY26, The Company achieved a Total Income of ₹66.45 Cr, EBITDA of ₹ 11.15 Cr & PAT of ₹ 6.58 Cr.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.