Scan Steels has announced its Q1 FY26 financial results, with EBITDA surging 114% QoQ to 19.3 Cr and Profit After Tax jumping 119% QoQ to 10.5 Cr.

Despite a slight revenue dip to 232 Cr, the company achieved a 27% YoY volume growth, driven by an 80% YoY increase in billet/ingot sales.

For future growth, the company is installing new induction furnaces, a captive oxygen plant, and a 30 MW captive power plant at Unit-II by FY26-FY27. A 2,337 Cr investment for a 72,000 TPA pipe mill at Unit-I is also underway, scheduled for FY27, aimed at reducing power costs by 25-30% and enhancing operational efficiencies.