New Delhi: Steel Authority of India Limited (SAIL), a Maharatna CPSE, has reported a strong set of audited financial results for the quarter and year ended March 31, 2026.
The company recorded a 50.5% year-on-year jump in net profit, supported by record production, higher sales volumes, and improved operational efficiency.
FY26 Net Profit Rises Sharply on Record Operations
For the full financial year FY26, SAIL reported:
- Net Profit: ₹3,233 crore (up ~50.5%)
- Revenue from Operations: ₹1,10,810 crore (record high)
- Basic EPS: ₹7.83
The strong performance was driven by best-ever crude steel production and sales volumes.
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Record Steel Production and Sales Drive Growth
SAIL achieved its highest-ever operational performance in FY26:
- Crude steel production: 19.43 million tonnes (up 1.4%)
- Sales volume: 19.93 million tonnes (up 11.4%)
Growth was supported by improved market outreach, inventory optimization, and better operational efficiencies.
Q4 FY26 Performance Remains Strong
For the fourth quarter of FY26, the company reported:
- Revenue: ₹30,813 crore
- Net Profit: ₹1,680 crore
Despite global supply chain challenges, SAIL maintained stable production and improved operational productivity.
₹2.35 Dividend Recommended for Shareholders
The Board of Directors has recommended a final dividend of:
- ₹2.35 per equity share (23.50%)
- Face value: ₹10 per share
- Subject to approval at the upcoming AGM
This reflects strong earnings growth and improved financial stability.
Clean Audit Opinion and Strong Balance Sheet
SAIL’s statutory auditors issued an unmodified (clean) audit opinion on the FY26 financial results.
Key financial improvements include:
- Debt-equity ratio reduced to 0.55 (from 0.66)
- Stronger cost control and inventory management
- Decline in overall debt levels
The company continues to strengthen its balance sheet through operational efficiency and financial discipline.
Strategic Focus on Value-Added Steel
Going forward, SAIL aims to:
- Increase production of value-added and special steels
- Benefit from rising domestic infrastructure demand
- Improve operational efficiency and cost optimization
The company remains optimistic about long-term steel demand growth in India.
Board Meeting Details
- Board meeting held on May 15, 2026
- Time: 2:45 PM to 4:00 PM
- Financial results approved for FY26
About 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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