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Informist, Friday, May 15, 2026

 

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--SAIL Jan-Mar net profit INR 16.80 bln 
--Analysts saw SAIL Jan-Mar net profit at INR 16.23 bln 
--SAIL Jan-Mar revenue INR 308.13 bln 
--Analysts saw SAIL Jan-Mar revenue at INR 310.39 bln 
--SAIL Jan-Mar net profit INR 16.80 bln vs INR 11.78 bln year ago 
--SAIL Jan-Mar revenue INR 308.13 bln vs INR 293.16 bln year ago 
--SAIL to pay INR 2.35 per share final dividend 
--SAIL FY26 net profit INR 32.33 bln vs INR 21.48 bln year ago 
--SAIL FY26 revenue INR 1.11 tln vs INR 1.02 tln year ago 
--SAIL Jan-Mar crude steel production 5.08 mln tn vs 5.09 mln tn yr ago 
--SAIL Jan-Mar sales volume 5.32 mln tn vs 5.33 mln tn year ago 
--SAIL Jan-Mar EBITDA INR 47.62 bln vs INR 37.81 bln year ago 
--SAIL Jan-Mar net profit includes one-time cost INR 3.30 bln 
--SAIL Jan-Mar profit excluding one-time cost INR 20.09 bln 
--SAIL Jan-Mar tax expenses INR 6.44 bln vs INR 3.86 bln year ago 
--SAIL Jan-Mar operating margin 15.45% vs 12.90% year ago 

 

By Ashutosh Pati

 

MUMBAI – Despite incurring a one-time cost of INR 3.30 billion, state-owned Steel Authority Of India Ltd. posted robust growth in its bottom line for the March quarter, edging ahead of the Street's expectation. The company's top line grew at the slowest pace in four quarters and was well below expectations.

 

The steelmaker reported a net profit of INR 16.80 billion for the March quarter, up around 43% on year. Analysts had expected it to post a net profit of INR 16.23 billion. SAIL's bottom line without the one-time cost would have been INR 20.09 billion, much higher than expectations. It incurred the exceptional cost due to an increase in the gratuity limit to INR 2.5 million from INR 2 million.

 

The company's revenue from operations rose just over 5% on year to INR 308.13 billion for the quarter, lower than the expectation of INR 310.39 billion. SAIL's tax outgo for the quarter rose around 67% to INR 6.44 billion.

 

 

The steelmaker's sales volumes for the quarter were flat on year at 5.32 million tonnes. Its crude steel production was also flat at 5.08 million tonnes in the March quarter. However, saleable steel production rose slightly to 4.9 million tonnes from 4.7 million tonnes in the year-ago quarter.

 

SAIL's earnings before interest, tax, depreciation, and amortisation rose to INR 47.62 billion for the quarter from INR 37.81 billion a year ago. Its operating margin rose to 15.45% from 12.90% in the year-ago period. The total expenditure during the quarter rose just about 2% on year to INR 285.16 billion. The cost of materials consumed rose 7% on year to INR 120.19 billion and other expenses rose 11% to INR 87.95 billion. However, employee benefit expenses fell around 19% to INR 26.67 billion.

 

For the financial year 2025-26 (Apr-Mar), the company reported a net profit of INR 32.33 billion, up around 51% on year. Its revenue for the year rose over 8% to INR 1.11 trillion. The company will pay a final dividend of INR 2.35 per share. SAIL declared its March quarter results after market hours Friday. Its shares closed at INR 192.40 on the National Stock Exchange, down 3.4% from Thursday.  End

 

Edited by Rajeev Pai

 

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