SAIL Q1 Results: Net profit jumps 138% YoY to ₹1,636 crore; revenue remains flat

Steel Authority of India (SAIL), one of the country's largest steelmakers, announced its June quarter (Q1 FY27) results on Friday, post-market hours, reporting a 138% year-on-year (YoY) jump in consolidated net profit to ₹1,636 crore from ₹685 crore in the corresponding quarter last year.

The strong improvement in profitability came despite lower production and sales volumes, aided by improved realizations and lower inventory levels.

The company said it deliberately moderated production during the quarter by advancing scheduled repair and maintenance activities, a move necessitated by geopolitical volatility that disrupted global supply chains.

According to SAIL, this planned intervention is expected to support higher production stability and improved operational performance in the coming quarters.

On a sequential basis, profit slipped 3% from ₹1,680 crore reported in the March quarter.

In terms of operating profitability, the EBITDA came in at ₹4,356 crore, a 49% YoY jump as against ₹2,925 crore in the year-ago quarter, with margins expanding sharply to 16.6% from 11.2% YoY.

Revenue stood at ₹26,246 crore, higher than ₹25,921 crore in Q1FY26. However, both revenue and EBITDA stood lower on a sequential basis.

Crude steel production stood at 4.76 million tonnes during the June quarter, compared with 4.85 million tonnes in the year-ago period and 5.08 million tonnes in the March quarter, reflecting a decline on both a year-on-year and sequential basis.

The sales turnover during the quarter came in at ₹26,010 crore, 1% higher than ₹25,731 crore in the corresponding quarter of last year.

Commenting on the results of the first quarter of the current financial year. Chairman & Managing Director, SAIL, Dr Ashok Kumar Panda said, "Amid global uncertainties, the domestic steel industry demonstrated resilience backed by sustained demand in domestic steel consumption."

"SAIL, through enhanced operational efficiencies, prudent cost management, and focused marketing initiatives, has delivered a significantly profitable first quarter in FY27. The company remains confident of leveraging robust manufacturing capabilities and continues to strengthen performance while capitalizing on the sustained domestic steel demand," Ashok Kumar further added.

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Ksheera Sagar has been working as a Market Research Analyst at LiveMint for the past four years, covering stocks, commodities, and broader financial markets. In this role, he closely tracks daily market movements, corporate earnings, sector trends, and macroeconomic developments. <br><br> He has over a decade of experience in the financial services industry and has previously worked with multiple organisations, including global investment bank J.P. Morgan, bringing strong research experience into the newsroom. <br><br> During his career, he has gained extensive exposure to equity research, market analysis, and financial data interpretation, strengthening his expertise across asset classes and market cycles. <br><br> He is known for his data-driven analysis and crisp, listicle-style market stories that break down complex financial developments across key markets for a wide audience. His strong research skills enable him to write detailed and insightful stories on stocks and sectors, focusing on the underlying factors driving market movements. <br><br> His work combines quantitative insights with clear storytelling, presenting financial developments in a clear and structured manner. Moreover, he enjoys writing multibagger and listicle-style copies. Outside of work, Ksheera enjoys playing the piano and exploring new places. He has a keen interest in travel, music, and continuously learning about global markets and economic trends.

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