Steel Authority of India reported a sharp rise in profitability for the first quarter of FY27, driven by improved sales realizations and controlled input costs. The state-owned steel major logged a net profit after tax (PAT) of ₹1,636 crore, marking a significant recovery from the ₹685 crore recorded in the corresponding period of the previous year.

The company’s operational efficiency translated into robust top-line growth, with total income reaching ₹26,449 crore against ₹26,082 crore in Q1FY26. Sales turnover stood at ₹26,010 crore. This financial performance coincided with a domestic crude steel production growth of 3% and consumption growth of approximately 8% in the same period.

Financial Performance Snapshot

What the Numbers Show

The improvement in earnings was primarily fueled by favorable price movements rather than volume expansion. While sales volumes contributed negatively to EBITDA by ₹201 crore compared to Q1FY26, sales price increases added ₹3,147 crore to the bottom line. Conversely, higher input costs reduced EBITDA by ₹1,525 crore. The net result was an EBITDA margin expansion to 16.7% from 11.5% in the prior year’s first quarter.

Exceptional items impacted pre-tax profits by ₹144 crore, reducing the profit before tax from ₹2,303 crore to ₹2,159 crore. Despite this, the company maintained a strong interest coverage ratio of 4.80, indicating sufficient operating cash flow to meet debt obligations. The debt service coverage ratio stood at 1.66. Total debt remained stable at ₹31,970 crore, while the debt-equity ratio under IndAS standards stood at 0.54, reflecting a stable capital structure amidst rising net worth of ₹59,720 crore as of June 2026.

Operational Highlights

SAIL produced 4.757 million tonnes of crude steel in Q1FY27, down slightly from 4.9 million tonnes in Q1FY26 but up from 4.8 million tonnes in Q4FY26. Saleable steel production was 4.516 million tonnes. Domestic sales accounted for 4.106 million tonnes, while exports remained minimal at 0.057 million tonnes. The product mix across its five integrated steel plants showed flats commanding a 52.7% share, followed by longs at 34.8% and semis at 12.5%.

Steel Authority of India will conduct non-deal roadshows with prospective investors and analysts in Mumbai on September 23 and 24, 2026. The public sector steel major disclosed the engagement schedule under SEBI Listing Obligations and Disclosure Requirements Regulations.

The management team will interact with investors during these sessions. The company issued the intimation on September 17, 2026, citing compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Disclosure Details

• Event: Non-deal roadshows with prospective investors and analysts
• Location: Mumbai
• Dates: September 23, 2026 and September 24, 2026
• Regulatory Basis: Regulation 30 of SEBI (LODR) Regulations, 2015

M.B. Balakrishnan, Executive Director (Finance & Administration) and Company Secretary, signed the disclosure filed with the Bombay Stock Exchange and National Stock Exchange of India Ltd.