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.
SAIL Q1 FY26 Highlights (Consolidated, QoQ)
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%.
Comprehensive Budget 2026 coverage, LIVE TV analysis, Stock Market and Industry reactions, Income Tax changes and Latest News on NDTV Profit.
