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SAIL reported a Q3 net profit of ₹374 crore, up from ₹142 crore YoY and slightly above the CNBC-TV18 poll of ₹370 crore. Revenue grew 12% YoY to ₹27,371 crore, while EBITDA rose 13% to ₹2,294 crore with margins improving to 8.4%.
State-owned Steel Authority of India Ltd (SAIL) on Friday, January 30, reported a net profit of ₹374 crore for the third quarter, up from ₹142 crore in the year-ago period and slightly above the CNBC-TV18 poll of ₹370 crore. The growth in profit, roughly 2.6-fold YoY, was driven by operational efficiency, inventory liquidation, and cost optimisation measures.
Revenue for the quarter rose 12% year-on-year to ₹27,371 crore, slightly below the CNBC-TV18 poll of ₹27,398 crore and up from ₹24,490 crore in Q3FY25, broadly in line with the growth in sales volume.
Earnings before interest, tax, depreciation, and amortisation (EBITDA) increased 13% to ₹2,294 crore, above the poll estimate of ₹2,151 crore, with the EBITDA margin improving to 8.4% from 8.3% a year ago and higher than the poll estimate of 7.9%.
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The company's crude steel production grew 2% in 9MFY26, rising from 14.08 million tonnes to 14.35 million tonnes. Sales volume increased 16.3% during the period, supported by expanded outreach to retail and other consumers, inventory drawdown, and improved dispatch and market reach.
The company also reduced its debt by close to ₹5,000 crore during the nine months ended December 31, 2025.
Amarendu Prakash, CMD, SAIL, said, "We have delivered an improvement in profitability, with profit after tax rising 60% year-on-year for 9M FY'2025-26, driven by higher volumes, operating leverage and prudent financial management. The strong sales traction was supported by robust domestic demand and improved market penetration.”
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He added, “Despite volatility on the input cost front and competitive pricing environment, we sustained operating profitability, supported by higher volumes, product mix optimisation, and continued cost discipline."
Shares of Steel Authority of India Ltd ended at ₹151.05, down by ₹6.20, or 3.94%, on the BSE today, January 30.
(Edited by : Shoma Bhattacharjee)
