Steel Authority of India quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	31,998	26,704	+19.8%
EBITDA	4,216	2,528	+66.8%
EBITDA margin	13.2%	9.5%	+3.7 pts
Profit before tax	2,244	458	+389.9%
Net profit	1,750	419	+318.1%
EPS	₹4.24	₹1.01	+319.8%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	31,998	26,246	30,813	27,371	26,704	25,922	29,316	24,490	24,675	23,998	27,959	23,349	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	232	206	352	175	206	162	298	234	167	177	313	144
	32,230	26,451	31,165	27,546	26,910	26,084	29,614	24,723	24,842	24,175	28,272	23,492
	13,914	12,633	12,041	11,240	10,394	10,768	11,273	11,810	12,267	13,701	15,130	13,765
	418	460	405	1,445	1,652	2,005	1,597	260	0.0	0.0	0.0	0.0
	2,470	−2,242	2,515	1,684	1,336	−404	1,790	595	−676	−1,620	−615	−2,552
	2,864	2,941	2,670	2,845	2,943	2,948	3,291	2,725	2,877	2,783	2,845	2,942
	523	493	532	547	484	595	664	680	758	691	642	614
	1,609	1,560	1,577	1,516	1,453	1,441	1,524	1,421	1,304	1,402	1,356	1,321
	8,115	8,301	8,774	7,862	7,851	7,836	7,881	7,071	7,295	6,914	7,115	7,052
	29,914	24,146	28,514	27,140	26,114	25,189	28,021	24,560	23,824	23,872	26,474	23,141
	4,216	4,153	4,409	2,294	2,528	2,769	3,484	2,030	2,913	2,220	3,483	2,142
	2,607	2,592	2,832	779	1,075	1,327	1,960	609	1,609	818	2,127	822
Profit
	2,316	2,305	2,651	406	796	895	1,593	163	1,018	303	1,798	352
	−72.7	−144	−330	0.0	−338	0.0	−29.4	28.5	0.0	−312	−502	76.5
	2,244	2,161	2,321	406	458	895	1,564	191	1,018	−8.6	1,296	428
	636	661	686	231	198	285	355	146	316	5.0	121	17.4
	−62.5	−118	−19.8	−125	−60.6	−61.5	51.2	35.2	−39.4	11.3	194	122
	574	543	666	106	137	223	406	181	276	16.3	316	140
	80.8	25.8	180	73.7	98.2	73.1	93.5	131	155	107	145	135
	1,750	1,644	1,835	374	419	745	1,251	142	897	81.8	1,126	423
	1,670	1,618	1,655	300	321	671	1,157	10.5	742	−24.9	980	288
	−199	−57.8	339	−182	21.6	−118	−150	42.1	−15.3	−63.6	55.8	−110
	1,552	1,586	2,174	192	440	627	1,101	184	882	18.2	1,182	313
	—	—	1,835	374	419	—	1,251	142	882	—	1,126	423
	—	—	0.0	0.0	0.0	—	−0.0	0.0	0.0	—	0.0	0.0
Per share
	₹4.24	₹3.98	₹4.44	₹0.91	₹1.01	₹1.80	₹3.03	₹0.34	₹2.17	₹0.20	₹2.73	₹1.02
	₹4.24	₹3.98	₹4.44	₹0.91	₹1.01	₹1.80	₹3.03	₹0.34	₹2.17	₹0.20	₹2.73	₹1.02
Other comprehensive income — detail
	−199	−57.8	339	−182	21.6	−118	−150	—	—	—	—	—
	−257	−147	344	−230	−27.9	−153	−198	−39.7	0.3	−88.6	30.5	−99.2
	−63.3	−35.7	64.9	−51.7	−10.6	−35.1	−54.0	—	—	—	—	—
	—	—	—	—	—	—	—	−7.7	−0.6	−22.3	−2.6	−9.3
	−5.2	53.9	59.5	−3.5	38.9	−0.4	−5.6	74.0	−16.3	2.6	22.7	−20.0
	1,552	—	2,174	192	440	—	1,101	184	882	—	1,182	—
	—	—	0.0	0.0	0.0	—	−0.0	0.0	0.0	—	0.0	—
Per share — as-filed variants
	₹4.24	₹3.98	₹4.44	₹0.91	₹1.01	₹1.80	₹3.03	₹0.34	₹2.17	₹0.20	₹2.73	₹1.02
	₹4.24	₹3.98	₹4.44	₹0.91	₹1.01	₹1.80	₹3.03	₹0.34	₹2.17	₹0.20	₹2.73	₹1.02
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	15,196	15,394	15,853	13,002	13,322	13,552	14,656	11,826	13,084	11,916	13,443	12,136
	47.5%	58.7%	51.4%	47.5%	49.9%	52.3%	50.0%	48.3%	53.0%	49.7%	48.1%	52.0%
Adjusted (ex-exceptional items) — derived
	2,316	2,305	2,651	406	796	895	1,593	163	1,018	303	1,798	352
	−72.7	−144	−330	0.0	−338	0.0	−29.4	28.5	0.0	−312	−502	76.5
	1,805	1,752	2,071	374	656	745	1,273	130	897	394	1,506	371
	₹4.37	₹4.24	₹5.01	₹0.91	₹1.58	₹1.80	₹3.08	₹0.31	₹2.17	₹0.96	₹3.65	₹0.90

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

SAIL₹161.00

Steel Authority of India Ltd.

· Metal & Mining

Annual Quarterly₹ CrorePeersTATASTEEL JSWSTEEL JINDALSTEL NATIONALUM NMDC VEDL HINDZINC HINDALCOMcap ₹66,502 Cr

View

In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	23,348.6	27,958.5	23,997.8	24,675.2	24,489.9	29,316.1	25,921.8	26,704.2	27,371.4	30,813.5	26,245.7	31,997.6
Other Income	143.7	313.4	177.0	167.0	233.5	297.5	162.1	205.9	174.5	351.7	205.5	232.3
Total Income	23,492.3	28,271.9	24,174.8	24,842.2	24,723.4	29,613.7	26,083.9	26,910.0	27,545.9	31,165.2	26,451.2	32,229.9
Expenses
+ Cost of Materials Consumed	13,764.9	15,130.2	13,701.2	12,267.3	11,809.6	11,273.4	10,768.1	10,394.4	11,240.0	12,040.8	12,633.4	13,914.5
+ Purchases of Stock-in-Trade	0.0	0.0	0.0	0.0	259.7	1,597.3	2,005.5	1,652.1	1,445.0	404.8	460.1	417.7
+ Changes in Inventories	-2,552.4	-615.1	-1,619.8	-676.3	595.1	1,789.8	-403.8	1,335.7	1,684.4	2,514.9	-2,242.1	2,469.7
+ Employee Benefit Expense	2,942.2	2,845.4	2,782.6	2,876.6	2,725.0	3,290.8	2,947.8	2,942.5	2,845.4	2,670.0	2,940.9	2,864.1
+ Finance Costs	613.9	642.2	691.5	757.7	679.6	664.4	594.6	484.3	547.2	532.0	493.0	523.4
+ Depreciation & Amortisation	1,320.8	1,355.8	1,402.3	1,303.9	1,420.6	1,523.8	1,441.5	1,453.5	1,515.5	1,577.2	1,560.3	1,609.2
+ Other Expenses	7,051.5	7,115.3	6,913.9	7,294.9	7,070.9	7,881.0	7,835.5	7,851.2	7,862.3	8,774.2	8,300.7	8,115.2
Total Expenses	23,140.8	26,473.9	23,871.6	23,824.1	24,560.5	28,020.6	25,189.2	26,113.6	27,139.9	28,514.0	24,146.3	29,913.7
EBITDA	2,142.5	3,482.7	2,220.0	2,912.7	2,029.7	3,483.9	2,768.7	2,528.3	2,294.3	4,408.7	4,152.7	4,216.5
EBIT	821.7	2,126.9	817.7	1,608.8	609.1	1,960.0	1,327.2	1,074.8	778.8	2,831.5	2,592.4	2,607.3
Profit
PBT before Exceptional Items	351.5	1,798.1	303.2	1,018.1	163.0	1,593.1	894.7	796.4	406.1	2,651.2	2,304.9	2,316.2
+ Exceptional Items	76.5	-502.3	-311.8	0.0	28.5	-29.4	0.0	-338.4	0.0	-329.8	-144.0	-72.7
Pretax Income	428.0	1,295.7	-8.6	1,018.1	191.5	1,563.7	894.7	458.0	406.1	2,321.4	2,160.9	2,243.5
+ Current Tax	17.4	121.1	5.0	315.6	145.8	355.0	284.7	198.1	230.6	686.1	660.7	636.4
+ Deferred Tax	122.4	194.4	11.3	-39.4	35.2	51.2	-61.5	-60.6	-124.9	-19.8	-118.1	-62.5
Tax Expense	139.7	315.5	16.3	276.2	181.0	406.2	223.2	137.4	105.7	666.3	542.6	573.9
+ Share of Associates & JVs	134.7	145.5	106.7	155.2	131.4	93.5	73.1	98.2	73.7	180.4	25.8	80.8
Net Income	422.9	1,125.7	81.8	897.2	141.9	1,251.0	744.6	418.7	374.0	1,835.5	1,644.1	1,750.5
+ Net Income — Continuing Ops	288.2	980.2	-24.9	741.9	10.5	1,157.5	671.5	320.5	300.3	1,655.1	1,618.3	1,669.7
+ Other Comprehensive Income	-110.0	55.8	-63.6	-15.3	42.1	-149.8	-118.0	21.6	-181.7	339.0	-57.8	-198.6
Total Comprehensive Income	313.0	1,181.5	18.2	881.9	184.0	1,101.2	626.6	440.3	192.4	2,174.4	1,586.3	1,551.8
Net Income to Common	422.9	1,125.7	—	881.9	141.9	1,251.0	—	418.7	374.0	1,835.5	—	—
Minority Interest	0.0	0.0	—	0.0	0.0	-0.0	—	0.0	0.0	0.0	—	—
Per Share
Basic EPS	1.02	2.73	0.20	2.17	0.34	3.03	1.80	1.01	0.91	4.44	3.98	4.24
Diluted EPS	1.02	2.73	0.20	2.17	0.34	3.03	1.80	1.01	0.91	4.44	3.98	4.24
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	-149.8	-118.0	21.6	-181.7	339.0	-57.8	-198.6
+ Items NOT to be Reclassified to P&L	-99.2	30.5	-88.6	0.3	-39.7	-198.2	-152.7	-27.9	-229.8	344.3	-147.3	-256.7
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	-54.0	-35.1	-10.6	-51.7	64.9	-35.7	-63.3
+ Tax on Items NOT to be Reclassified — alt tag	-9.3	-2.6	-22.3	-0.6	-7.7	—	—	—	—	—	—	—
+ Items to be Reclassified to P&L	-20.0	22.7	2.6	-16.3	74.0	-5.6	-0.4	38.9	-3.5	59.5	53.9	-5.2
Comprehensive Income — Owners of Parent	—	1,181.5	—	881.9	184.0	1,101.2	—	440.3	192.4	2,174.4	—	1,551.8
Comprehensive Income — Non-controlling Interests	—	0.0	—	0.0	0.0	-0.0	—	0.0	0.0	0.0	—	—
Per Share — as-filed variants
Basic EPS — Continuing Operations	1.02	2.73	0.20	2.17	0.34	3.03	1.80	1.01	0.91	4.44	3.98	4.24
Diluted EPS — Continuing Operations	1.02	2.73	0.20	2.17	0.34	3.03	1.80	1.01	0.91	4.44	3.98	4.24
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	12,136.2	13,443.3	11,916.5	13,084.2	11,825.5	14,655.7	13,551.9	13,322.0	13,002.0	15,852.9	15,394.3	15,195.7
Gross Margin %	51.98	48.08	49.66	53.03	48.29	49.99	52.28	49.89	47.50	51.45	58.65	47.49
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	351.5	1,798.1	303.2	1,018.1	163.0	1,593.1	894.7	796.4	406.1	2,651.2	2,304.9	2,316.2
− Exceptional Items (reconciliation)	76.5	-502.3	-311.8	0.0	28.5	-29.4	0.0	-338.4	0.0	-329.8	-144.0	-72.7
Net Income Adj (tax-effected)	371.4	1,505.7	393.5	897.2	130.5	1,272.7	744.6	655.6	374.0	2,070.6	1,751.9	1,804.6
EPS Adj	0.90	3.65	0.96	2.17	0.31	3.08	1.80	1.58	0.91	5.01	4.24	4.37
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Paid Up Equity Capital	4,130.5	4,130.5	4,130.5	4,130.5	4,130.5	4,130.5	4,130.5	4,130.5	4,130.5	4,130.5	4,130.5	4,130.5

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

SAIL Q2 FY27 results (July–September 2026)

Filed with NSE on Tuesday, 27 October 2026 at 8:39 pm IST

Steel Authority of India (NSE: SAIL) reported its Q2 FY27 results (July–September 2026) on Tuesday, 27 October 2026 at 8:39 pm IST. Consolidated net profit was ₹1,750 crore, up 318.1% from ₹419 crore in Q2 FY26 and up 6.5% from ₹1,644 crore in Q1 FY27. Revenue from operations was ₹31,998 crore, up 19.8% year on year and up 21.9% from the previous quarter.

Q2 FY26 results (a year earlier): 29 October 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit: ₹1,750 Cr+318.1% vs Q2 FY26+6.5% vs Q1 FY27
Revenue from operations: ₹31,998 Cr+19.8% vs Q2 FY26+21.9% vs Q1 FY27
Operating margin (EBIT): 8.1%+4.1 pts vs Q2 FY26−1.7 pts vs Q1 FY27EBIT ₹2,607 Cr
EBITDA: ₹4,216 Cr+66.8% vs Q2 FY26+1.5% vs Q1 FY27margin 13.2%
Earnings per share (basic): ₹4.24+319.8% vs Q2 FY26+6.5% vs Q1 FY27
Net profit margin: 5.5%+3.9 pts vs Q2 FY26−0.8 pts vs Q1 FY27

Questions

What was SAIL's net profit in Q2 FY27?

Consolidated net profit was ₹1,750 crore, up 318.1% from ₹419 crore in Q2 FY26 and up 6.5% from ₹1,644 crore in Q1 FY27.

What was SAIL's revenue in Q2 FY27?

Revenue from operations was ₹31,998 crore, up 19.8% year on year and up 21.9% from the previous quarter.

What was SAIL's operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹2,607 crore, a margin of 8.1%, against 9.9% in Q1 FY27 and 4.0% in Q2 FY26. EBITDA was ₹4,216 crore, 13.2% of revenue.

How were SAIL's Q2 FY27 results?

Both grew from a year earlier: net profit was up 318.1% at ₹1,750 crore and revenue was up 19.8% at ₹31,998 crore. The operating margin was 8.1%, up 4.1 percentage points from 4.0% a year earlier. Against Q1 FY27, net profit was up 6.5% and revenue up 21.9%.

What was SAIL's net profit in the first half of FY27?

Consolidated net profit for the first half of FY27 (April–September 2026) was ₹3,395 crore, up 191.8% from ₹1,163 crore in the same months a year earlier. Revenue from operations was ₹58,243 crore, up 10.7%.

What was SAIL's revenue in FY26?

Revenue from operations was ₹1,10,811 crore in FY26 (April 2025–March 2026), up 8.1% from ₹1,02,479 crore in FY25. It was ₹1,05,378 crore in FY24 and ₹1,04,448 crore in FY23: up 6.1% over three years, 2.0% a year on average.

What was SAIL's EPS in Q2 FY27?

Basic earnings per share were ₹4.24, against ₹1.01 in Q2 FY26.

What is SAIL's net profit margin?

SAIL's net profit margin was 5.5% in Q2 FY27 (net profit as a share of revenue from operations), against 1.6% in Q2 FY26 (up 3.9 percentage points). For FY26 as a whole it was 3.0%.

When did SAIL announce its Q2 FY27 results?

On Tuesday, 27 October 2026 at 8:39 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 29 October 2025.

How has SAIL's profit changed over the last four quarters?

Net profit by quarter: ₹374 crore in Q3 FY26, ₹1,835 crore in Q4 FY26, ₹1,644 crore in Q1 FY27 and ₹1,750 crore in Q2 FY27. That is ₹5,604 crore over the four quarters, up 119.2% from ₹2,556 crore in the four quarters before. Revenue from operations: ₹27,371 crore, ₹30,813 crore, ₹26,246 crore and ₹31,998 crore.

What was SAIL's net profit in FY26?

Consolidated net profit was ₹3,373 crore in FY26 (April 2025–March 2026), up 42.2% from ₹2,372 crore in FY25. It was ₹3,067 crore in FY24 and ₹2,177 crore in FY23: up 55.0% over three years, 15.7% a year on average.

When will SAIL announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these SAIL figures come from?

From Steel Authority of India's own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 27 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.