More Stories

Informist, Wednesday, Oct. 29, 2025

By Ashutosh Pati

MUMBAI – State-owned Steel Authority of India Ltd.'s net profit slumped in the September quarter from the year-ago period due to lower steel prices and realisations but beat analysts' expectations. However, the company's revenue from operations rose due to higher sales volumes and lower raw material prices. SAIL's on-year revenue growth in the September quarter was the highest in the last eight quarters.

The steelmaker's net profit fell nearly 49% on year to INR 4.27 billion in the quarter ended September, which included a one-time cost of INR 3.38 billion. Analysts had expected the company to report a profit of INR 2.57 billion. The one-time cost of INR 3.38 billion incurred by the company was on account of an increase in gratuity limit to INR 2.50 million from INR 2.00 million per employee.

SAIL's revenue from operations for the quarter rose over 8% on year to INR 267.04 billion, surpassing analysts' expectations of INR 254.36 billion. Sequentially, the company's net profit fell nearly 38% while its revenue rose 3%.

The steel major's sales volume for the quarter rose to 4.9 million tonnes, from 4.1 million tonnes a year ago and 4.6 million tonnes in the June quarter. While SAIL's crude steel production for the quarter declined both on-year and from the trailing quarter, its saleable steel production rose in both the metrics. The company reported crude steel production of 4.6 million tonnes in the September quarter, down from 4.9 million tonnes in the trailing quarter and 4.8 million tonnes in the year-ago period. Its saleable steel production rose to 4.9 million tonnes from 4.7 million tonnes in the previous quarter and 4.6 million tonnes in the year-ago quarter.

SAIL's earnings before interest, tax, depreciation, and amortisation, fell around 11% on year to INR 28.29 billion. The company's total expenditure during the quarter rose around 10% on year to INR 261.16 billion. Depreciation and amortisation expenses rose over 11% on year to INR 14.53 billion and other expenses rose over 7% to INR 78.67 billion. However, the cost of materials consumed by the steel major fell more than 15% to INR 103.73 billion.

For Apr-Sept, the company reported a net profit of INR 11.12 billion, up nearly 32%, while revenue from operations rose over 8% on year to INR 526.25 billion. SAIL's crude steel production in Apr-Sept rose slightly to 9.50 million tonnes from 9.46 million tonnes in the year-ago period. Its sales volume rose to 9.46 million tonnes from 8.11 million tonnes in the year-ago period. SAIL reported an EBITDA of INR 57.54 billion for the period, up nearly 3% on year.

The company released its results after market hours. Wednesday, shares of the company closed over 6% higher at INR 140.55 on the National Stock Exchange.  End

Edited by Ashish Shirke

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.