Steel Authority of India Limited (SAIL) Financial Results — Revenue ₹30,541 Cr

Revenue: ₹30,541 CrNet Profit: ₹11,400 Cr

📢 Key Event
SAIL reported record FY25-'26 sales volume of 19.9 MT with 11% growth and 43% PAT growth YoY.

🔄 What Changed
PAT grew 43% YoY, debt reduced INR8,150 crores annually, borrowing cost fell 1.1 percentage points, and capex increased to INR15,000 crores for FY26-'27.

🔮 What's Next
Capex of INR15,000 crores for FY26-'27 and over INR20,000 crores for FY27-'28; capacity expansion to 22.5 MT by FY27 and 23 MT by FY28; target debt/equity ratio of 0.37 to be reduced in FY27.

💡 Investor Takeaway
Strong PAT growth, debt reduction, and capex plans signal operational efficiency and future volume-driven margin expansion for shareholders.

SAIL reported record FY25-'26 sales volume of 19.9 MT with 11% growth, driven by 7% production increase to 19.4 MT and 5% revenue growth to INR30,541 crores in Q4. PAT surged 43% YoY while debt fell INR3,200 crores in the quarter and INR8,150 crores annually, achieving a clean balance sheet and 6.2% borrowing cost reduction. Capex stands at INR15,000 crores for FY26-'27 and over INR20,000 crores for FY27-'28 to expand capacity to 22.5 MT by FY27 and 23 MT by FY28.

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