SAIL Q1 Results: Profit, Revenue Fall

Steel Authority of India Ltd.'s consolidated net profit dropped 41% sequentially in the first quarter of fiscal 2026, according to an exchange filing on Friday.

The firm posted a bottom line of Rs 745 crore as compared to Rs 1,251 crore in the March quarter.

• Net profit down 40.5% at Rs 745 crore versus Rs 1,251 crore.

• Revenue down 11.6% at Rs 25,922 crore versus Rs 29,316 crore.

• Ebitda down 20.5% at Rs 2,769 crore versus Rs 3,484 crore.

• Margin contracts to 10.7% vs 11.9%.

Shares of SAIL closed 4.04% lower at Rs 130.67 apiece on the National Stock Exchange before the announcement, compared to a 0.90% fall in the benchmark Nifty. The stock has fallen 8.36% in the last 12 months and risen 15.5% on a year-to-date basis.

Out of 28 analysts tracking the company, five have a 'buy' rating on the stock, 11 recommend 'hold' and 12 suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price target implies a potential downside of 4.8%.