SAIL Q1 FY27 Results: Net Profit Surges 138% YoY to ₹1,636 Cr, Revenue at ₹26,246 Cr

New Delhi, July 24, 2026: Steel Authority of India Limited (SAIL), a Maharatna CPSE, has reported stellar standalone financial results for the quarter ended June 30, 2026 (Q1 FY27), with net profit surging over 138% year-on-year to ₹1,636 crore. On a consolidated basis, net profit stood at ₹1,644 crore.

Top 5 Key Highlights

• Net Profit Up 138% YoY: Standalone PAT jumps to ₹1,636 crore from ₹685 crore in Q1 FY26.

• EBITDA Surges: Standalone EBITDA rises to ₹4,356 crore in Q1 FY27 from ₹2,925 crore in Q1 FY26.

• Revenue Crosses ₹26,000 Cr: Standalone revenue from operations at ₹26,246 crore, up from ₹25,921 crore YoY.

• Margin Expansion: Operating margin improves to 16.60% from 11.29% YoY.

• Debt-Equity Ratio Improves: Standalone debt-equity ratio improves to 0.54 from 0.64 YoY.

Standalone Performance Snapshot

• Revenue from Operations: ₹26,245.64 crore (vs ₹25,921.46 crore YoY, up 1.25%)

• Total Income: ₹26,449.15 crore (vs ₹26,082.32 crore YoY)

• EBITDA: ₹4,356 crore (vs ₹2,925 crore YoY, up 49%)

• Profit Before Tax (after exceptional items): ₹2,158.79 crore (vs ₹889.76 crore YoY, up 143%)

• Net Profit: ₹1,636.00 crore (vs ₹685.48 crore YoY, up 138.65%)

• EPS (Basic): ₹3.96 (not annualised)

• Operating Margin: 16.60% (vs 11.29% YoY)

• Net Profit Margin: 6.23% (vs 2.64% YoY)

Consolidated Performance Snapshot

• Revenue from Operations: ₹26,245.67 crore

• Total Income: ₹26,451.21 crore

• Profit Before Tax: ₹2,186.68 crore

• Net Profit: ₹1,644.05 crore (vs ₹744.58 crore YoY, up 121%)

• EPS (Basic): ₹3.98

Segment-Wise Performance (Standalone)

Operational Performance

• Crude Steel Production: 4.76 Million Tonnes (vs 4.85 MT YoY)

• Sales Volume: 4.16 Million Tonnes (vs 4.55 MT YoY)

• Reason for Volume Moderation: The company advanced scheduled repairs and maintenance during the quarter due to global supply chain disruptions.

Key Ratios (Standalone)

Board Decisions & Key Disclosures

• Exceptional Items: The company recorded ₹144.01 crore as exceptional item towards Voluntary Retirement Scheme (VRS) compensation.

• New Labour Codes Impact: ₹92.38 crore incremental impact recognized in Q1 FY27 (cumulative ₹229.31 crore).

• Board Composition: SAIL currently has only one Independent Director, which is not in compliance with SEBI LODR Regulations. The results have been approved by the Board on the recommendation of the Audit Committee.

• No Outstanding Defaults: Total financial indebtedness stands at ₹21,728.56 crore with no defaults.

• No Listed Bonds Outstanding: The company has no listed non-convertible debt securities as on June 30, 2026.

Management Commentary

Dr. Ashok Kumar Panda, Chairman & Managing Director, SAIL, said: "Amid global uncertainties, the domestic steel industry demonstrated resilience backed by sustained demand in domestic steel consumption. SAIL, through enhanced operational efficiencies, prudent cost management and focused marketing initiatives, has delivered a significantly profitable first quarter in FY27. The company remains confident of leveraging robust manufacturing capabilities and continues to strengthen performance while capitalizing on the sustained domestic steel demand."

Stock Impact

Strong earnings with 138% PAT growth and margin expansion could boost investor sentiment for SAIL stock. The company's improved debt-equity ratio and operating efficiency remain key positives.