SAIL Reports 41% Drop in Net Profit for First Quarter
Steel Authority of India (SAIL) reported a consolidated net profit of ₹745.00 crore in Q1, down 41% from ₹1,251.00 crore in the previous quarter. Revenue from operations fell 11.6% to ₹25,922.00 crore. EBITDA decreased by 20.5% to ₹2,769.00 crore, with the EBITDA margin contracting to 10.7% from 11.9%. SAIL shares closed 4.04% lower at ₹130.67 on the National Stock Exchange following the results announcement. Analyst outlook remains cautious, with a mix of buy, hold, and sell recommendations.

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Steel Authority of India (SAIL), one of India's largest steel producers, has reported a decline in its financial performance for the first quarter.
Financial Results
SAIL delivered a consolidated net profit of ₹745.00 crore in the first quarter, marking a 41% decrease from ₹1,251.00 crore in the previous quarter. The company's revenue from operations declined by 11.6% to ₹25,922.00 crore from ₹29,316.00 crore in the previous quarter.
Operational Highlights
The company's EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) fell by 20.5% to ₹2,769.00 crore. The EBITDA margin contracted to 10.7% from 11.9% in the previous quarter.
Key Financial Metrics
Metric | Current Quarter | Previous Quarter | QoQ Change |
---|---|---|---|
Revenue from Operations (₹ Crore) | 25,922.00 | 29,316.00 | -11.6% |
EBITDA (₹ Crore) | 2,769.00 | 3,484.00 | -20.5% |
Net Profit (₹ Crore) | 745.00 | 1,251.00 | -41.0% |
EBITDA Margin | 10.7% | 11.9% | -1.2% |
Market Performance
SAIL shares closed 4.04% lower at ₹130.67 on the National Stock Exchange following the announcement of the quarterly results.
Analyst Outlook
Among the 28 analysts covering the SAIL stock:
- 5 recommend 'buy'
- 11 suggest 'hold'
- 12 advise 'sell'
The average 12-month price target indicates a potential downside of 4.8%.
Conclusion
SAIL's first-quarter results show a significant decline in profitability and revenue compared to the previous quarter. The company faces challenges in maintaining its financial performance, as reflected in the decreased EBITDA and contracted margins. The market reaction and analyst recommendations suggest a cautious outlook for the company in the near term.
Historical Stock Returns for Steel Authority of India
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-4.04% | -4.24% | +1.88% | +26.34% | -8.36% | +284.32% |