SAIL Posts ₹267 Billion Revenue in Q2, Profit Slides to ₹4.27 Billion

SAIL’s Q2 FY26 results show a mixed performance. While revenue from operations rose to ₹267.04 billion, beating market expectations, net profit fell sharply to ₹4.27 billion from ₹8.97 billion a year earlier. The decline was attributed to lower margins and increased raw material expenses. EBITDA stood at ₹25.28 billion, down from ₹29.13 billion in Q2 FY25, with operating margins contracting to 9.5% from 11.8%.

Despite the profit dip, SAIL maintained steady crude steel production at 9.5 million tonnes and achieved a 16.7% growth in sales volume, supported by strong domestic demand and expanded retail presence. The company also reduced its debt to ₹264.27 billion and plans further deleveraging.

Key highlights and major takeaways

• Revenue from operations: ₹267.04 billion, up 8.2% YoY  
• Net profit: ₹4.27 billion, down 53% YoY  
• EBITDA: ₹25.28 billion; operating margin at 9.5%  
• Crude steel output: 9.5 million tonnes; sales volume up 16.7%  
• Debt reduced to ₹264.27 billion  
• Focus on retail expansion and domestic market strength  

Sources: CNBC TV18, NDTV Profit, ET Now, ScanX News, The Hindu Business Line