Steel Authority Of India Ltd. will be increasing its prices by another Rs 1,000 per metric ton effective from Wednesday night, onwards according to channel checks. The company will ramp up it's retail price points by another Rs 1.50 metric ton effective from Sept. 1, the sources stated.
Major primary players in the steel industry have also communicated price increases. The secondary brand market is further witnessing a strong upward movement.
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The TMT (thermo-mechanically treated) bars market is expected to remain firm and continue moving upwards in the coming days.
Steel Authority of India Q1 Results
Steel Authority of India Ltd.'s net profit for the first quarter of fiscal 2027 declined 10.4% sequentially, according to an exchange filing on Friday.
The PSU posted a consolidated bottom-line of Rs 1,644 crore, as against Rs 1,835 crore in the preceding quarter. Revenue from operations slumped 14.8% to Rs 26,246 crore from Rs 30,813 crore.
Earnings before interest, taxes, depreciation and amortisation slid 5.8% to Rs 4,153 crore from Rs 4,408 crore, while margin expanded 150 basis points to 15.8% from 14.3%.
Other income went down to Rs 206 crore from Rs 352 crore; SAIL said Q1 had a one-time cost of Rs 144 crore.
Steel Authority Of India Share Price Movement
Share price of Steel Authority of India Ltd. saw a 5.59% uptick to settle Rs 194.90 at the end of the day's trade, compared to a 0.52% downturn on the NSE Nifty 50.
Steel Authority Of India Ltd. share price is Rs 194.90. The stock opened at Rs 185.95, compared to its previous close of Rs 184.59. During today's trading session, Steel Authority Of India Ltd. share price moved in the range of Rs 182.40 to Rs 196.50.
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Looking at its last 52-week performance, the stock has touched a low of Rs 118.10 and a high of Rs 209.70. On the performance front, Steel Authority Of India Ltd. share price is up 62.50% on a year-on-year basis.
The market capitalization of Steel Authority Of India Ltd. is Rs 55,947.97 crore, with a P/E ratio of 30.04.
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