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.
Q3 FY26 Earnings Results
- Revenue from Operations: Consolidated ₹27,371 cr, +11.7% YoY vs ₹24,526 cr; standalone ₹27,371 cr (+11.7% YoY); 9M consolidated ₹79,997 cr (+10% YoY vs ₹72,658 cr), driven by 16.3% sales volume growth and stable realisations.
- EBITDA: Q3 ₹2,630 cr (+10.1% YoY vs ₹2,389 cr); 9M EBITDA ₹7,500 cr (EBITDA/t ₹7,000); margin resilient amid cost pressures.
- PAT: Standalone ₹442 cr (+251% YoY vs ₹126 cr), EPS ₹1.07; consolidated 9M ₹1,537 cr (+37% YoY vs ₹1,121 cr); auditors flagged entry tax/DVC refunds/water charges treatments.
- Other key metrics: 9M debt down ₹5,000 cr; sales volume +16.3%; capex on track.
Management Commentary & Strategic Decisions
- Operational excellence with volume/pricing balance; debt reduction supports ROE; strong 9M turnaround.
- Strategic moves: Board approved unaudited results; focus on cost optimisation, capacity expansion.
Q2 FY26 Earnings Results
- Revenue from Operations: Consolidated ₹26,704 cr (+8.2% YoY vs ₹24,675 cr); standalone similar.
- EBITDA: ₹2,528 cr (−8.7% QoQ), margin 9.5%; H1 EBITDA ₹5,754 cr (11% margin).
- PAT: Consolidated ₹419 cr (−53% YoY vs ₹897 cr); H1 PAT ₹1,112 cr (+32% YoY).
- Other key metrics: H1 revenue ₹52,254 cr (+8% YoY).
Management Commentary Q2
- Revenue growth on volumes; profitability impacted by costs.
- Strategic moves: Debt reduction, operational improvements.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.