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.
ALSO READ: Jindal Steel Q1 Results: Net Profit, Revenue Slide; Margin Contracts
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.
Follow all the live earnings updates here.
SAIL Q1 FY27 (Consolidated, QoQ)
- Net profit down 10.4% to Rs 1,644 crore from Rs 1,835 crore
- Revenue down 14.8% to Rs 26,246 crore from Rs 30,813 crore
- Ebitda down 5.8% to Rs 4,153 crore from Rs 4,408 crore
- Margin up 150 basis points to 15.8% from 14.3%
- Q1 included a one-time cost of Rs 144 crore
- Other income down to Rs 206 crore from Rs 352 crore
ALSO READ: Hindustan Zinc Q1 Results: Profit, Revenue Beat Estimates Despite Governance Overhang
SAIL Share Price
SAIL's shares settled 0.34% higher at Rs 161.45 apiece on the NSE. This compared to a 0.43% decline in the benchmark Nifty index on Friday.
The stock has risen 9.84% year-to-date and 18.57% in the last 12 months.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
