- Steel Authority of India Ltd reported a consolidated net profit of Rs 374.03 crore in Q3 FY26
- The net profit more than doubled from Rs 141.89 crore in the same period last fiscal
- Total income increased over 11% to Rs 27,545.93 crore from Rs 24,723.43 crore year-on-year
Steel Authority of India Ltd (SAIL) on Friday posted over two-fold jump in consolidated net profit to Rs 374.03 crore, supported by higher revenues. It had reported a net profit of Rs 141.89 crore in the October-December period of the preceding fiscal, the company said in an exchange filing.
The company's total income rose over 11% to Rs 27,545.93 crore from Rs 24,723.43 crore a year ago.
In a separate statement, the company's CMD Amarendu Prakash said, "We have delivered an improvement in profitability, with profit after tax rising 60 per cent year-on-year for 9M FY26, driven by higher volumes, operating leverage and prudent financial management. The strong sales traction was supported by robust domestic demand and improved market penetration".
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He said that despite volatility on the input cost front and a competitive pricing environment, the company sustained operating profitability, supported by higher volumes, product mix optimisation, and continued cost discipline.
In April-December, the company's profit after tax (PAT) was Rs 1,554 crore, higher than Rs 970 crore in the nine-month period of FY25.
SAIL produced 14.35 million tonnes of steel in 9M FY26 and sold 16.61 million during the nine-month period.
SAIL, under the Ministry of Steel, is among India's top five steel-making companies, having an overall capacity of over 21 million tonnes.
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(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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