Steel Authority of India Limited (SAIL) reported a robust financial performance for the half-year ended September 30, 2026 (H1 FY’27). Profit After Tax (PAT) surged to ₹3,410 crore, a significant increase from ₹1,112 crore in the corresponding period of the previous year (H1 FY’26). EBITDA also saw a substantial rise to ₹8,917 crore from ₹5,754 crore.
SAIL Delivers Strong Financial Results for H1 FY’27
Steel Authority of India Limited (SAIL) has announced its financial results for the half-year ended September 30, 2026 (H1 FY’27), showcasing a remarkable improvement in profitability and operational efficiency. The company’s Profit After Tax (PAT) reached an impressive ₹3,410 crore, marking a significant jump from ₹1,112 crore reported during the same period in the previous fiscal year (H1 FY’26).
Key Financial Highlights
The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) also demonstrated strong growth, standing at ₹8,917 crore for H1 FY’27, compared to ₹5,754 crore in H1 FY’26. This surge in EBITDA reflects improved operational performance and favorable market conditions. The company’s Sales Turnover for H1 FY’27 stood at ₹57,776 crore, an increase from ₹52,254 crore in H1 FY’26.
Quarterly Performance Snapshot
In the second quarter of FY’27 (Q2 FY’27), SAIL continued its positive momentum. Sales Turnover for the quarter was ₹31,766 crore. The company reported an EBITDA of ₹4,561 crore and a Profit After Tax of ₹1,774 crore for Q2 FY’27. This performance follows a strong Q1 FY’27 where EBITDA was ₹4,356 crore and PAT was ₹1,636 crore.
EBITDA Movement Analysis
The EBITDA movement for H1 FY’27 indicates a significant contribution from factors such as improved sales prices/NSR (Net Selling Realization) and others, which collectively added ₹6,343 crore and ₹382 crore respectively. While volume changes contributed positively by ₹902 crore, higher input costs for raw materials and increased finance costs had a moderating effect on EBITDA.
Profitability Trends
SAIL’s profitability trend highlights a consistent upward trajectory. The EBITDA margin for H1 FY’27 improved to 15.4%, a notable increase from previous periods. The EBITDA per ton also saw a significant rise to ₹9,561 in H1 FY’27, indicating enhanced operational efficiency and profitability on a per-unit basis.
Balance Sheet Strength
The company’s Net Worth continued to grow, reaching ₹60,329 crore as of September 30, 2026. Borrowings (Non-INDAS) have shown a declining trend, reducing to ₹20,583 crore in September 2026 from ₹29,811 crore in March 2025. This, coupled with a decreasing Debt-equity ratio, indicates a strengthening balance sheet.
Source: BSE
