Steel Authority of India Limited (SAIL) reported a sharp turnaround in its financial performance for the quarter ended June 30, 2025. The company posted a consolidated net profit of Rs 744.58 crore in Q1 FY26, a staggering 810% increase compared to Rs 81.78 crore in the same quarter last year.
Revenue from operations for the quarter rose 8% year-on-year to Rs 25,921.76 crore, up from Rs 23,997.81 crore in Q1 FY25. Including other income, total income stood at Rs 26,083.90 crore.
SAIL’s expenses were reported at Rs 25,189.96 crore for the quarter, marginally higher than Rs 23,871.60 crore in the corresponding period last year. Profit before tax came in at Rs 967.81 crore versus Rs 98.09 crore YoY.
The improvement in profitability was driven by better inventory efficiency, a fall in material costs, and higher sales volumes. Share of profit in investments accounted using the equity method stood at Rs 73.10 crore for Q1 FY26.
The company’s PAT also improved sequentially, although it was lower than Q4 FY25’s Rs 1,250.90 crore due to higher tax outgo and depreciation costs.
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