SAIL Reports Strong H1 FY2027 Growth as Q2 Profit After Tax Soars
New Delhi, October 28, 2026: State-owned steel manufacturer Steel Authority of India Limited (SAIL) announced its financial results for the half year ended September 30, 2026 (H1 FY2027), reporting sharp growth in revenues and profitability, according to a press release issued by the company.
For the second quarter of FY2027, SAIL recorded standalone revenue from operations of Rs 31,998 crore, up from Rs 26,704 crore in the corresponding period last year. Quarter-on-quarter sales volume grew 5 percent to 5.16 million tonnes as the company expanded its outreach to retail and consumer channels. Driven by increased sales volume and cost optimization initiatives, standalone profit after tax (PAT) for Q2 FY2027 surged by approximately 315 percent to Rs 1,774 crore compared to Rs 427 crore in Q2 FY2026. Standalone profit before tax (PBT) reached Rs 2,356 crore against Rs 553 crore in the prior-year period.
On a half-yearly standalone basis, SAIL reported revenue from operations of Rs 58,243 crore for H1 FY2027, compared to Rs 52,625 crore in H1 FY2026. Standalone PAT for the half-year period rose to Rs 3,410 crore from Rs 1,112 crore last year, while PBT stood at Rs 4,515 crore versus Rs 1,443 crore. Crude steel production for the first six months increased to 9.61 million tonnes from 9.50 million tonnes in the corresponding prior period. The company also reduced its total debt to Rs 20,583 crore as part of its ongoing de-leveraging efforts.
Commenting on the financial results, A K Panda, CMD, SAIL, said: “SAIL’s performance in H1 and Q2 FY 2026–27 reflects our operational resilience, financial prudence and strategic agility amid global market volatility. Leveraging India’s strong infrastructure growth and rising domestic steel demand, we achieved an 8.2% QoQ growth in finished and saleable steel during Q2, supported by higher sales volumes and robust production, alongside a significant increase in iron ore production and sales. Our focus remains on enhancing techno-economic parameters, rationalizing costs, maintaining inventory discipline through systematic stock reduction and increasing the share of high end products to improve profitability and strengthen our balance sheet through sustained reduction in borrowings.”
