SAIL Reports 138 Percent Jump in Q1 FY27 Profit

Steel Authority of India Limited reported a consolidated net profit of ₹1,636 crore for the first quarter of FY27 on July 24, 2026. This figure represents a 138 percent increase compared to the ₹685 crore earned in the corresponding quarter of the previous year. Revenue for the period remained relatively flat year-on-year at ₹26,246 crore.

Despite the annual growth, the company experienced a sequential decline in earnings. Reports vary slightly on the exact drop from the January-March quarter, with figures ranging from a 3 percent slip to ₹1,636 crore to a 10.4 percent decline to ₹1,644 crore. Revenue also declined on a sequential basis.

Management attributed moderated production during the quarter to advanced scheduled repair and maintenance, which was necessitated by geopolitical volatility. Chairman and Managing Director Ashok Kumar Panda stated that the results were driven by operational efficiencies and prudent cost management in the face of global uncertainties.