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Informist, Friday, Jul. 24, 2026

 

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--SAIL Apr-Jun net profit INR 16.36 bln 
--Analysts saw SAIL Apr-Jun net profit at INR 15.10 bln 
--SAIL Apr-Jun revenue INR 262.46 bln 
--Analysts saw SAIL Apr-Jun revenue at INR 269.72 bln 
--SAIL Apr-Jun net profit INR 16.36 bln vs INR 6.85 bln year ago 
--SAIL Apr-Jun net profit includes one-time cost INR 1.44 bln 
--SAIL Q1 profit before one-time, tax at INR 23.03 bln vs INR 8.90 bln yr ago 
--SAIL Apr-Jun crude steel production 4.8 mln tn vs 4.9 mln tn yr ago 
--SAIL Apr-Jun saleable steel production 4.5 mln tn vs 4.7 mln tn year ago 
--SAIL Apr-Jun EBITDA INR 43.56 bln vs INR 29.25 bln year ago

 

By Astha Oriel

 

NEW DELHI – Steel Authority of India Ltd. Friday reported a sharp on-year increase in its standalone net profit for the June quarter due to a decline in total expenses, including finance and employee costs, even as revenue and total income rose only marginally. A favourable change in inventory of finished goods that lowered operating expenses also led to an increase in net profit, which was higher than analysts' estimates and marked the third consecutive quarter of on-year growth. 

 

The company's June quarter net profit rose nearly 139% on year to INR 16.36 billion, higher than the analysts' estimates of INR 15.10 billion. The company incurred a one-time cost of INR 1.44 billion pertaining to the voluntary retirement compensation of employees. The profit before exceptional items and tax was INR 23.03 billion. Without the exceptional item, the company's net profit would have been INR 17.80 billion. In the year-ago quarter, the company's net profit was INR 6.85 billion.

 

The company's revenue from operations rose over 1%, the slowest on-year rise in seven quarters, to INR 262.46 billion. This was below the analysts' estimates of INR 269.72 billion.  

 

The total income of the steel major rose over 1% to INR 264.49 billion on year, the slowest pace in seven quarters. Total expense declined over 4% from the year-ago quarter to INR 241.46 billion, a first in seven quarters.

 

The company's expenses related to change in inventories of finished goods, work-in-progress and by-products for the June quarter was negative INR 22.50 billion. The expenses related to purchase of stock-in-trade declined over 77% on year to INR 4.6 billion, and the expenses related to employee benefits were marginally down on year to INR 29.37 billion. The finance costs of the company declined 17% on year to INR 4.93 billion in the reporting quarter.

 

The cost of materials consumed by the company rose over 17% to INR 126.10 billion and accounted for 52% of the total expenses. The expenses related to depreciation and amortisation grew 8% on year to INR 15.60 billion, and other expenses were up 6% on year INR 83.36 billion.

 

The company's crude steel production declined to 4.8 million tonnes from 4.9 million tonnes in the year-ago quarter. The company's saleable steel production for the June quarter declined from 4.7 million tonnes to 4.5 million tonnes on year. 

 

The company's earnings before interest, tax, depreciation, and amortisation grew to INR 43.56 billion from INR 29.25 billion. The company's EBITDA margin was 16.7% in the June quarter, and the EBITDA per tonne was INR 10,464. 

 

The company announced June quarter earnings post market hours Friday. Shares of the company closed marginally higher at INR 161.45 on the National Stock Exchange.  End 

 

Edited by Deepshikha Bhardwaj

 

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