Steel Authority of India Limited (SAIL) announced its financial results for the quarter and half-year ended September 30, 2026. The company reported a remarkable ~315% increase in Profit After Tax (PAT) for Q2 FY’27, reaching ₹1,774 crore. Revenue from operations also saw a significant rise of 20% year-on-year. These results reflect resilient performance and improved profitability, driven by robust production and cost optimization.
SAIL Reports Strong Financial Performance for Q2 and H1 FY’27
Steel Authority of India Limited (SAIL) today announced its financial results for the quarter and half-year ended September 30, 2026 (Q2 and H1 FY’27), highlighting a period of strong financial performance and enhanced profitability.
Key Financial Highlights
For the second quarter (Q2) of FY’27, SAIL’s Profit After Tax (PAT) surged by approximately 315% compared to the previous year, reaching ₹1,774 crore. This significant jump in profitability is attributed to a 5% growth in sales volume, increased outreach to retail and other consumers, and successful cost optimization measures. Revenue from operations for the quarter stood at ₹31,998 crore, marking a substantial increase.
In the first half (H1) of FY’27, SAIL demonstrated robust growth with PAT rising to ₹3,410 crore. Revenue from operations for the half-year period was ₹58,243 crore. The company also reported improved operational resilience and financial prudence amidst global market volatility.
Operational Performance and Debt Reduction
SAIL’s operational performance was further bolstered by robust production and improvements in the usage of raw materials. The company achieved a 24% QoQ growth in sales volume during Q2, leveraging India’s infrastructure growth and rising domestic steel demand. In a significant move towards financial consolidation, SAIL announced that its debt has fallen to ₹20,583 crore, reflecting a strong thrust to reduce borrowing.
Standalone Performance at a Glance
Performance of H1 FY 27 (Standalone):
- Crude Steel Production: 9.61 Million Tonne
- Sales Volume: 9.33 Million Tonne
- Revenue from Operations: ₹58,243 Crore
- Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA): ₹8,917 Crore
- Profit Before Tax (PBT): ₹4,515 Crore
- Profit After Tax (PAT): ₹3,410 Crore
Performance of Q2 FY 27 (Standalone):
- Crude Steel Production: 4.85 Million Tonne
- Sales Volume: 5.16 Million Tonne
- Revenue from Operations: ₹31,998 Crore
- Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA): ₹4,561 Crore
- Profit Before Tax (PBT): ₹2,356 Crore
- Profit After Tax (PAT): ₹1,774 Crore
Source: BSE
