Steel Authority of India's Q3 FY 2025-26 Quarterly Results
- 31 Jan 2026
Result Summary
- Steel Authority of India Ltd reported a 2.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 11.4%.
- Its expenses for the quarter were up by 3.9% QoQ and 10.5% YoY.
- The net profit decreased 10.7% QoQ and increased 163.6% YoY.
- The earnings per share (EPS) of Steel Authority of India Ltd stood at 0.91 during Q3 FY 2025-26.
Financial Statments for Q3 FY 2025-26
Total Income | 27545.93 | 26910.04 | 24723.43 | 2.4% | 11.4% |
Total Expenses | 27139.86 | 26113.64 | 24560.47 | 3.9% | 10.5% |
Profit Before Tax | 406.07 | 457.96 | 191.49 | -11.3% | 112.1% |
Tax | 105.73 | 137.42 | 181.00 | -23.1% | -41.6% |
Profit After Tax | 374.03 | 418.72 | 141.89 | -10.7% | 163.6% |
Earnings Per Share | 0.91 | 1.01 | 0.34 | -9.9% | 167.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Steel Authority of India Ltd (SAIL) is one of India's largest steel-making companies and is a public sector enterprise under the Government of India. The company primarily operates in the steel industry, producing a wide range of steel products, including flat and long products, and specialized steels for various applications. SAIL's operations include mining, steel production, and manufacturing, making it a fully integrated steel producer. The company plays a significant role in the Indian economy by supplying steel for infrastructure, construction, and other industrial sectors. As a major player in the steel industry, SAIL is involved in several joint ventures and collaborations to enhance its production capabilities and expand its market presence. Recent developments may include modernization projects, expansions, or initiatives to improve operational efficiency, although specific details are not available within the provided data.
Revenue
For the third quarter of fiscal year 2026 (Q3FY26), Steel Authority of India Ltd reported a total income of ₹27,545.93 crores. This represents a sequential increase of 2.4% compared to the second quarter of fiscal year 2026 (Q2FY26), where the total income was ₹26,910.04 crores. On a year-over-year basis, total income saw a notable increase of 11.4% from ₹24,723.43 crores in the third quarter of fiscal year 2025 (Q3FY25). The growth in revenue over both the quarter and the year can be attributed to various factors such as increased production, higher sales volumes, or improved market conditions. However, the financial data provided does not specify the individual components contributing to the revenue changes.
Profitability
In terms of profitability, Steel Authority of India Ltd recorded a profit before tax of ₹406.07 crores in Q3FY26. This figure is a decline of 11.3% quarter-over-quarter from ₹457.96 crores in Q2FY26. However, when compared year-over-year, the profit before tax more than doubled, showing an increase of 112.1% from ₹191.49 crores in Q3FY25. The tax expense for Q3FY26 was ₹105.73 crores, which is a decrease of 23.1% from the previous quarter and a 41.6% reduction from the same quarter in the previous year. Profit after tax in Q3FY26 was ₹374.03 crores, reflecting a 10.7% decline from Q2FY26 but a significant 163.6% increase from Q3FY25, indicating improved profitability on an annual basis. Earnings per share for Q3FY26 were ₹0.91, showing a decrease of 9.9% from the previous quarter but a 167.6% increase from the same period last year.
Operating Metrics
The financial data indicates that total expenses for Steel Authority of India Ltd in Q3FY26 were ₹27,139.86 crores, marking a rise of 3.9% compared to the previous quarter's expenses of ₹26,113.64 crores. Year-over-year, total expenses increased by 10.5% from ₹24,560.47 crores in Q3FY25. The data reflects the company's efforts to manage its operating costs while still witnessing some escalation. While the data does not provide specific details on individual cost components, such as raw materials or labor, it highlights the overall expense trends impacting the company's financial performance. Key financial ratios, such as the P/E ratio, debt-to-equity ratio, and current ratio, are not provided within the data, limiting the ability to conduct a deeper operational analysis. However, the trends in expenses and income suggest ongoing adjustments in operational strategies.