Scan Steels Ltd — Updates, 17-05-2025: Company Update

Scan Steels Ltd has announced a board meeting on the approval of audited standalone and consolidated financial results for the quarter and year ended March 31, 2025. The company reported gross sales of ₹241.19 Cr for the quarter and ₹789.20 Cr for the year in standalone operations, with a net profit of ₹3.58 Cr for the quarter and ₹19.60 Cr for the year. Consolidated net profit stood at ₹4.74 Cr for the quarter and ₹21.65 Cr for the year. The board approved the re-appointment of Amarendra Mohapatra & Associates as Secretarial Auditor and P.A. & Associates as Internal Auditor for FY 2025-26. The statutory auditor issued an unmodified opinion. Operationally, the company showed stable revenue with moderate profitability, while continuing to reduce borrowings and maintain solid asset backing. Related party transactions and investments in associates were disclosed but are not material to the group's financials.