{"id":178995,"date":"2026-02-02T07:04:16","date_gmt":"2026-02-02T12:04:16","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=178995"},"modified":"2026-02-02T07:04:19","modified_gmt":"2026-02-02T12:04:19","slug":"steel-authority-of-india-q3-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/steel-authority-of-india-q3-fy26-earnings-results\/","title":{"rendered":"Steel Authority of India Q3 FY26 Earnings Results"},"content":{"rendered":"\n<p>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.<\/p>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q3 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: Consolidated \u20b927,371 cr, +11.7% YoY vs \u20b924,526 cr; standalone \u20b927,371 cr (+11.7% YoY); 9M consolidated \u20b979,997 cr (+10% YoY vs \u20b972,658 cr), driven by 16.3% sales volume growth and stable realisations.<\/li>\n\n\n\n<li>EBITDA: Q3 \u20b92,630 cr (+10.1% YoY vs \u20b92,389 cr); 9M EBITDA \u20b97,500 cr (EBITDA\/t \u20b97,000); margin resilient amid cost pressures.<\/li>\n\n\n\n<li>PAT: Standalone \u20b9442 cr (+251% YoY vs \u20b9126 cr), EPS \u20b91.07; consolidated 9M \u20b91,537 cr (+37% YoY vs \u20b91,121 cr); auditors flagged entry tax\/DVC refunds\/water charges treatments.<\/li>\n\n\n\n<li>Other key metrics: 9M debt down \u20b95,000 cr; sales volume +16.3%; capex on track.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:31px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary &amp; Strategic Decisions<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/717ec8c7-82fb-4f79-a73e-8953054ef94f.pdf\" target=\"_blank\" rel=\"noopener\">Operational excellence with volume<\/a>\/pricing balance; debt reduction supports ROE; strong 9M turnaround.<\/li>\n\n\n\n<li>Strategic moves: Board approved unaudited results; focus on cost optimisation, capacity expansion.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-14-839x1024.png\" alt=\"\" class=\"wp-image-178997\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-14-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-14-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-14-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-14-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/image-14.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q2 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: Consolidated \u20b926,704 cr (+8.2% YoY vs \u20b924,675 cr); standalone similar.<\/li>\n\n\n\n<li>EBITDA: \u20b92,528 cr (\u22128.7% QoQ), margin 9.5%; H1 EBITDA \u20b95,754 cr (11% margin).<\/li>\n\n\n\n<li>PAT: Consolidated \u20b9419 cr (\u221253% YoY vs \u20b9897 cr); H1 PAT \u20b91,112 cr (+32% YoY).<\/li>\n\n\n\n<li>Other key metrics: H1 revenue \u20b952,254 cr (+8% YoY).<\/li>\n<\/ul>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary Q2<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue growth on volumes; profitability impacted by costs.<\/li>\n\n\n\n<li>Strategic moves: Debt reduction, operational improvements.<\/li>\n<\/ul>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,5753],"tags":[14459],"class_list":["post-178995","post","type-post","status-publish","format-standard","hentry","category-infographics","category-industrials","tag-steel-and-iron"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":171966,"url":"https:\/\/alphastreet.com\/india\/sail-q2-fy26-earnings-results\/","url_meta":{"origin":178995,"position":0},"title":"SAIL Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"October 30, 2025","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Steel Authority of India Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Steel-Authority-of-India-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Steel-Authority-of-India-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Steel-Authority-of-India-Q2-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Steel-Authority-of-India-Q2-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Steel-Authority-of-India-Q2-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Steel-Authority-of-India-Q2-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":178538,"url":"https:\/\/alphastreet.com\/india\/vedanta-q3-fy26-earnings-results\/","url_meta":{"origin":178995,"position":1},"title":"Vedanta Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 30, 2026","format":false,"excerpt":"Vedanta Ltd is a diversified natural resource group engaged in exploring, extracting and processing minerals and oil & gas. The group engages in the exploration, production and sale of zinc, lead, silver, copper, aluminium, iron ore and oil & gas. It has presence across India, South Africa, Namibia, Ireland, Liberia\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-130.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-130.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-130.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-130.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-130.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-130.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":177674,"url":"https:\/\/alphastreet.com\/india\/shyam-metalics-q3-fy26-earnings-results\/","url_meta":{"origin":178995,"position":2},"title":"Shyam Metalics Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 26, 2026","format":false,"excerpt":"Shyam Metalics is primarily engaged in the manufacturing of steel and allied products including pellets, sponge iron, TMT and long products, ferro alloys and generation of power. Q3 FY26 Earnings Results Revenue from Operations: \u20b94,421 Crore, +17.7% YoY, -1.0% QoQ EBITDA: \u20b9539 cr, +6.3% YoY, -11.5% QoQ, operating EBITDA \u20b9487\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Shyam Metalics Q3 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-62.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-62.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-62.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-62.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-62.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-62.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":169645,"url":"https:\/\/alphastreet.com\/india\/tata-steel-q1-fy26-results-analysis-navigating-the-green-transition\/","url_meta":{"origin":178995,"position":3},"title":"Tata Steel Q1 FY26 Results Analysis &#8211; Navigating the Green Transition","author":"Chirag Gupta","date":"August 1, 2025","format":false,"excerpt":"Executive Summary Tata Steel delivered a bifurcated Q1 FY26 performance, with resilient India operations (65% of group's\u00a0 EBITDA) offsetting continued European struggles. While consolidated revenues declined 5% QoQ to \u20b953,178 crore due to blast furnace maintenance, EBITDA\/ton improved sharply to \u20b910,470 (up 34% QoQ) through cost optimization. The company remains\u2026","rel":"","context":"In &quot;AlphaCall&quot;","block_context":{"text":"AlphaCall","link":"https:\/\/alphastreet.com\/india\/category\/alphacall\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AlphaCall-Thumbnail.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AlphaCall-Thumbnail.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AlphaCall-Thumbnail.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AlphaCall-Thumbnail.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AlphaCall-Thumbnail.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":179307,"url":"https:\/\/alphastreet.com\/india\/thermax-q3-fy26-earnings-results\/","url_meta":{"origin":178995,"position":4},"title":"Thermax Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"February 3, 2026","format":false,"excerpt":"Thermax Limited offers solutions to energy, environment and chemical sectors. The Company\u2019s portfolio includes boilers and heaters, absorption chillers\/ heat pumps, power plants, solar equipment, air pollution control equipment\/system, water and waste recycle plant, ion exchange resins and performance chemicals and related services.\u00a0 Q3 FY26 Earnings Results Revenue from Operations:\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":178529,"url":"https:\/\/alphastreet.com\/india\/usha-martin-q3-fy26-earnings-results\/","url_meta":{"origin":178995,"position":5},"title":"Usha Martin Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 30, 2026","format":false,"excerpt":"Usha Martin Ltd is primarily engaged in manufacture and sale of steel wires, strands, wire ropes, cords, related accessories, etc. It is also involved in sale of other products such as wire drawing and allied machines. Q3 FY26 Earnings Results Revenue from Operations: \u20b9917 cr, +6.6% YoY vs \u20b9861 cr,\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=178995"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178995\/revisions"}],"predecessor-version":[{"id":178999,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/178995\/revisions\/178999"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=178995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=178995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=178995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}