Steel Authority of India Limited (SAIL) is one of the largest steel-making companies in India and one of the Maharatnas of the countrys Central Public Sector Enterprises. SAIL produces iron and steel at five integrated plants and three special steel plants, located principally in the eastern and central regions of India and situated close to domestic sources of raw materials. SAIL manufactures and sells a broad range of steel products.
Q2 FY26 Earnings Results:
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Revenue from Operations: ₹26,704 crore, up 3% QoQ.
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Net Profit (PAT): ₹419 crore, down 44% from previous quarter ₹745 crore.
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EBITDA: ₹2,528 crore, down 8.7% QoQ.
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EBITDA Margin: 9.5%, down from 10.7% QoQ.
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Gross steel production and sales volume remained steady with a 16.7% sales volume growth year-on-year.
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Debt reduced by ₹3,384 crore to ₹26,427 crore.
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Commitment to green steel initiatives including hydrogen-based steelmaking and carbon capture.
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Shares closed 4.32% higher despite profit decline.
Management Commentary and Strategic Decisions:
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SAIL emphasized operational efficiency and cost optimization despite margin pressures.
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Strong first-half FY26 performance with 32% rise in PAT to ₹1,112 crore.
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Focus on sustainable profitability, product diversification, and digitalization.
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Planned capital expenditure of over ₹7,500 crore for FY26 and ₹10,000 crore for FY27.
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Commits to reducing debt and improving debt-to-equity ratio by year-end.
Q1 FY26 Earnings Results:
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Revenue from Operations: ₹25,922 crore, up 8% YoY.
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Profit After Tax (PAT): ₹745 crore, up significantly from ₹81.8 crore in Q1 FY25.
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EBITDA: ₹2,925 crore.
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Strong operational efficiency and government safeguard duties supported growth.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.