State-run steel producer Steel Authority of India Limited (Sail) on Friday reported a 42 per cent increase in standalone net profit for the March quarter of FY26, aided by higher revenues and improved sales volumes.
The company posted a net profit of Rs 1,680 crore in the January-March quarter, compared with Rs 1,178 crore recorded in the corresponding period last year.
Revenue from operations during the quarter rose to Rs 30,813 crore from Rs 29,316 crore in the year-ago period, according to the company’s statement.
For the full financial year FY26, Sail’s net profit climbed to Rs 3,233 crore against Rs 2,148 crore reported in FY25. Annual revenue from operations also increased to Rs 1,10,810 crore from Rs 1,02,478 crore a year earlier.
The company’s steel production stood at 19.43 million tonnes during FY26, marginally higher than 19.17 million tonnes produced in the previous fiscal. Sales volumes also registered growth, rising to 19.93 million tonnes from 17.89 million tonnes in FY25.
Sail Chairman and Managing Director A K Panda said the company’s improved sales performance, along with lower inventory levels and reduced borrowings, supported profitability growth during the year.
“The growth in sales volumes, coupled with a reduction in inventory and borrowings, has reinforced our profitability,” Panda said, adding that both profit before tax and profit after tax registered strong year-on-year growth during FY26.
The board of the company approved a final dividend of Rs 2.35 per equity share for FY26. |
