New Delhi: Steel Authority of India Limited (SAIL) reported a sharp improvement in its financial performance for the second quarter of FY 2026-27, with standalone net profit rising more than 315% year-on-year to ₹1,773.73 crore. The company announced its unaudited financial results for the quarter and half-year ended September 30, 2026, on October 27, 2026.
SAIL’s revenue from operations increased by nearly 20% to ₹31,997.51 crore in Q2 FY27, compared with ₹26,703.94 crore in the corresponding quarter of the previous financial year. For the first half of FY27, the company’s net profit more than tripled to ₹3,409.73 crore, while revenue from operations reached ₹58,243.15 crore.
The strong financial performance was supported by higher sales volumes, an improved product mix and continued cost optimisation measures.
SAIL Q2 FY27 Financial Results
SAIL recorded substantial year-on-year growth in revenue, operating earnings and profitability during the July-September quarter.
Key standalone financial highlights for Q2 FY27 include:
- Revenue from operations: ₹31,997.51 crore, compared with ₹26,703.94 crore in Q2 FY26, an increase of nearly 20%.
- Net profit: ₹1,773.73 crore, up from ₹426.79 crore in the corresponding quarter last year, marking growth of approximately 315.5%.
- Earnings per share (EPS): ₹4.29 in Q2 FY27, compared with ₹1.03 in Q2 FY26.
The improvement in profitability reflects stronger operating performance and better earnings compared with the year-ago quarter.
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SAIL H1 FY27 Results: Net Profit More Than Triples
SAIL also reported strong financial growth for the first half of FY27, covering the six months ended September 30, 2026.
The company’s standalone net profit rose to ₹3,409.73 crore in H1 FY27 from ₹1,112.27 crore in H1 FY26, representing more than threefold growth.
Revenue from operations increased to ₹58,243.15 crore during the first half, compared with ₹52,625.40 crore in the corresponding period of the previous financial year.
Other key H1 FY27 financial figures include:
- Net profit: ₹3,409.73 crore, compared with ₹1,112.27 crore in H1 FY26.
- Revenue from operations: ₹58,243.15 crore, against ₹52,625.40 crore a year earlier.
- Basic EPS (not annualised): ₹8.25, compared with ₹2.69 in H1 FY26.
The half-year results highlight the company’s improved profitability amid higher revenue and continued efforts to strengthen operational efficiency.
SAIL Q2 FY27 Financial Performance at a Glance
The following figures are based on the financial performance data provided for the quarter and half-year ended September 30, 2026.
- Q2 FY27 revenue from operations: ₹31,997.51 crore
- Q2 FY26 revenue from operations: ₹26,703.94 crore
- Q2 FY27 net profit: ₹1,773.73 crore
- Q2 FY26 net profit: ₹426.79 crore
- H1 FY27 revenue from operations: ₹58,243.15 crore
- H1 FY26 revenue from operations: ₹52,625.40 crore
- H1 FY27 net profit: ₹3,409.73 crore
- H1 FY26 net profit: ₹1,112.27 crore
EBITDA Rises 61% in Q2 FY27
According to the additional financial performance figures provided, SAIL’s revenue for Q2 FY27 stood at ₹31,766 crore, compared with ₹26,524 crore in Q2 FY26.
The company’s EBITDA increased to ₹4,561 crore from ₹2,829 crore in the year-ago quarter, marking a rise of approximately 61.2%. Profit before tax (PBT) also increased significantly to ₹2,356 crore from ₹553 crore, a growth of around 326%.
The reported EBITDA margin improved to approximately 14.36%, compared with 10.67% in Q2 FY26, based on the revenue figures of ₹31,766 crore and ₹26,524 crore, respectively.
These figures indicate an improvement in operating earnings and profitability during the quarter.
SAIL Production and Sales Performance in H1 FY27
SAIL’s operational performance during the first half of FY27 showed a marginal increase in crude steel production, while saleable steel production was slightly lower than in the corresponding period of the previous year.
Key operational figures for H1 FY27 include:
- Crude steel production: 9.6 million tonnes (MT), compared with 9.5 MT in H1 FY26.
- Saleable steel production: 9.4 MT, against 9.6 MT in H1 FY26.
- Domestic sales volume: 9.180 MT during H1 FY27.
- Exports: 0.146 MT during H1 FY27.
The company continues to focus on capacity utilisation, operational efficiency and value-added products to support its business performance.
Indian and Global Steel Industry Trends
The broader Indian steel industry recorded growth during the first half of FY27. According to the sector data provided, India’s crude steel production increased by 3% year-on-year, while steel consumption grew by approximately 8%.
Global crude steel production recorded a slight decline during the period. China’s crude steel production fell by 3.1% during January-August 2026, while production in the rest of the world increased by 2.2%.
These industry trends provide the wider market context for SAIL’s production, sales and financial performance.
Exceptional Items and Board Meeting Details
SAIL’s exceptional items for the first half of FY27 included ₹216.70 crore towards voluntary retirement compensation.
The company’s Board meeting on October 27, 2026, commenced at 4:00 PM and concluded at 6:25 PM. The unaudited financial results were reviewed by the Statutory Auditors and recommended by the Audit Committee.
SAIL continues to prioritise operational efficiency, capacity utilisation and the development of value-added steel products while maintaining a focus on financial strength.
About Steel Authority of India Limited (SAIL)
Steel Authority of India Limited (SAIL) is one of India’s largest steel-making companies and a public sector undertaking under the Ministry of Steel, Government of India. The company operates integrated steel plants and produces a wide range of steel products for sectors such as infrastructure, construction, engineering, railways and manufacturing. SAIL plays an important role in supporting India’s domestic steel requirements and industrial development.
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