New Delhi: Steel Authority of India Limited (SAIL), a Maharatna Central Public Sector Enterprise (CPSE), has reported a strong financial performance for the quarter ended June 30, 2026 (Q1 FY27).
The company’s standalone net profit increased by 138.65% year-on-year to ₹1,636 crore, compared with ₹685.48 crore in Q1 FY26.
On a consolidated basis, SAIL reported a net profit of ₹1,644.05 crore, registering a growth of around 121% compared with ₹744.58 crore in the same period last year.
The improvement was supported by higher profitability, better cost management, and operational efficiency despite a challenging global steel environment.
Key Highlights of SAIL Q1 FY27 Results
Top Financial Highlights:
- Standalone Net Profit: ₹1,636 crore
- Q1 FY26: ₹685 crore
- Growth: 138.65%
- Consolidated Net Profit: ₹1,644.05 crore
- Q1 FY26: ₹744.58 crore
- Growth: 121%
- EBITDA: ₹4,356 crore
- Q1 FY26: ₹2,925 crore
- Growth: 49%
- Revenue from Operations: ₹26,245.64 crore
- Q1 FY26: ₹25,921.46 crore
- Growth: 1.25%
- Operating Margin: 16.60%
- Q1 FY26: 11.29%
- Net Profit Margin: 6.23%
- Q1 FY26: 2.64%
- Debt-Equity Ratio: Improved to 0.54 from 0.64 YoY
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Standalone Financial Performance Snapshot
SAIL recorded steady growth across key financial parameters during Q1 FY27.
Standalone Results:
- Total Income: ₹26,449.15 crore
- Q1 FY26: ₹26,082.32 crore
- EBITDA: ₹4,356 crore
- Growth of 49% year-on-year
- Profit Before Tax (after exceptional items): ₹2,158.79 crore
- Q1 FY26: ₹889.76 crore
- Growth: 143%
- Basic EPS: ₹3.96
The company’s improved margins reflected stronger operational efficiency and better cost management.
Consolidated Performance of SAIL
The consolidated financial results for Q1 FY27 were:
- 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
- Basic EPS: ₹3.98
Plant-Wise Performance: Bhilai, Rourkela and Bokaro Lead Contribution
SAIL’s major steel plants contributed significantly to revenue and profitability during the quarter.
Segment Performance (Standalone):
Bhilai Steel Plant
- Revenue: ₹7,485.33 crore
- Profit Before Tax (PBT): ₹838.38 crore
Rourkela Steel Plant
- Revenue: ₹7,263.23 crore
- Profit Before Tax (PBT): ₹857.84 crore
Bokaro Steel Plant
- Revenue: ₹7,204.82 crore
- Profit Before Tax (PBT): ₹844.90 crore
IISCO Steel Plant
- Revenue: ₹2,771.02 crore
- Profit Before Tax (PBT): ₹270.41 crore
Durgapur Steel Plant
- Revenue: ₹2,731.39 crore
- Profit Before Tax (PBT): ₹168.98 crore
Others
- Revenue: ₹776.87 crore
- Profit Before Tax (PBT): Not Reported
Total Segment Performance:
- Total Segment Revenue: ₹29,100.27 crore
- Total Segment Profit Before Tax: ₹2,795.78 crore
Operational Performance: Steel Production Moderates Due to Planned Maintenance
During Q1 FY27, SAIL’s crude steel production stood at 4.76 million tonnes, compared with 4.85 million tonnes in the same quarter last year.
Sales volume stood at 4.16 million tonnes, compared with 4.55 million tonnes in Q1 FY26.
The company said production and sales volumes were impacted due to scheduled repairs and maintenance activities undertaken during the quarter amid global supply chain challenges.
SAIL Improves Financial Strength and Key Ratios
The company continued to strengthen its balance sheet during the quarter.
Key Financial Ratios:
- Debt-Equity Ratio: 0.54
- Q1 FY26: 0.64
- Debt Service Coverage Ratio: 1.66
- Interest Service Coverage Ratio: 4.80
- Q1 FY26: 2.04
- Net Worth: ₹59,719.72 crore
- Q1 FY26: ₹56,224.27 crore
- Total Debt to Total Assets: 0.23
- Inventory Turnover: 103 days
- Q1 FY26: 117 days
Board Decisions and Important Disclosures
SAIL’s Board approved the Q1 FY27 financial results based on the recommendation of the Audit Committee.
Key Updates:
- The company recorded an exceptional item of ₹144.01 crore towards Voluntary Retirement Scheme (VRS) compensation.
- An incremental impact of ₹92.38 crore was recognised due to new labour codes during Q1 FY27.
- The cumulative impact of labour codes stood at ₹229.31 crore.
- SAIL reported no outstanding defaults.
- Total financial indebtedness stood at ₹21,728.56 crore.
- The company had no listed non-convertible debt securities as of June 30, 2026.
SAIL Board Compliance Update
SAIL disclosed that it currently has only one Independent Director on its Board, which is not in compliance with applicable requirements under SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations.
Management View: SAIL Confident of Sustained Growth
SAIL Chairman and Managing Director Dr. Ashok Kumar Panda said the domestic steel industry has shown resilience despite global uncertainties.
He highlighted that improved operational efficiency, cost management, and focused marketing strategies helped the company deliver strong profitability in Q1 FY27.
SAIL remains focused on strengthening manufacturing capabilities and benefiting from sustained domestic steel demand.
About Steel Authority of India Limited (SAIL)
Steel Authority of India Limited (SAIL) is one of India’s largest state-owned steel-making companies and a Maharatna PSU under the Government of India. It operates integrated steel plants across the country and plays a key role in supplying steel for infrastructure, construction, and industrial development projects nationwide.
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