SAIL Q2 Results: Profit Jumps 315% To ₹1,774 Crore As Revenue Rises 20%

Steel Authority of India (SAIL) Q2 results for FY27 showed standalone profit after tax rising 315% year-on-year to ₹1,773.73 crore in the quarter ended September 30, 2026, compared with ₹426.79 crore a year earlier. Revenue from operations increased 19.8% to ₹31,997.51 crore from ₹26,703.94 crore, according to the company’s results announced on October 27.

The state-owned steelmaker’s earnings improved alongside higher sales volumes and production. Sales volume rose 5% year-on-year to 5.16 million tonnes, while earnings before interest, tax, depreciation and amortisation (EBITDA) increased to ₹4,561 crore from ₹2,829 crore in the year-ago quarter.

SAIL EBITDA Rises To ₹4,561 Crore

SAIL’s standalone EBITDA increased approximately 61% year-on-year to ₹4,561 crore in Q2 FY27. Profit before tax, after exceptional items, rose to ₹2,356.39 crore from ₹552.89 crore a year earlier.

The company reported crude steel production of 4.85 million tonnes, up from 4.65 million tonnes in Q2 FY26. Sales volume rose to 5.16 million tonnes from 4.91 million tonnes over the same period.

The improvement in earnings came as the company increased production and sales while focusing on cost optimisation. Exceptional items were a net expense of ₹73 crore during the quarter, compared with ₹338 crore in the year-ago period, also supporting the year-on-year increase in profit.

SAIL Reports Higher Sales And Production

SAIL said finished and saleable steel output grew 8.2% sequentially during the September quarter, supported by higher production and sales. The company also reported an increase in iron ore production and sales.

Chairman and managing director A.K. Panda said the company’s performance reflected operational resilience and financial discipline amid global market volatility. He highlighted India’s infrastructure growth and domestic steel demand as supportive factors.

The company said it would continue focusing on cost rationalisation, inventory discipline and increasing the share of higher-end steel products to improve profitability.

SAIL Reports Stronger First-Half Performance

For the six months ended September 30, 2026, SAIL’s standalone revenue from operations rose to ₹58,243 crore from ₹52,625 crore in the corresponding period last year. EBITDA increased to ₹8,917 crore from ₹5,754 crore, while profit after tax more than tripled to ₹3,410 crore from ₹1,112 crore.

The company’s standalone results point to stronger profitability in the first half of FY27, with higher sales volumes and cost optimisation contributing to the improvement. Investors will continue to monitor steel demand, realisations, input costs and the sustainability of operating margins in the second half of the financial year.

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