Steel Authority of India quarterly results and financials

Steel Authority of India (SAIL)₹169.59−0.94%(9 Nov 2026 close)Iron & Steel

Key facts

In the Sep 2026 quarter (consolidated), Steel Authority of India reported sales of ₹32,030 Cr, up 19.8% from Sep 2025, and net profit of ₹1,751 Cr, up 317.3% year on year. For the year to Mar 2026, sales were ₹1.11 L Cr and net profit ₹3,379 Cr.

Sales (Sep 2026): ₹32,030 Cr
Net profit (Sep 2026): ₹1,751 Cr
Sales (FY Mar 2026): ₹1.11 L Cr
Net profit (FY Mar 2026): ₹3,379 Cr
EPS (Sep 2026): ₹4.25
Borrowings (Mar 2026): ₹31,808 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Steel Authority of India quarterly results

₹ crore unless stated; each column is a quarter.

Steel Authority of India Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	23,367	27,980	24,032	24,702	24,502	29,338	25,951	26,741	27,385	30,854	26,264	32,030
Expenses	21,176	24,449	21,734	21,714	22,412	25,796	23,099	24,150	25,016	26,365	22,045	27,756
Operating Profit	2,148	3,496	2,227	2,923	2,036	3,495	2,776	2,535	2,302	4,420	4,168	4,229
OPM %	9.0%	12.0%	8.9%	12.0%	8.0%	12.0%	11.0%	9.0%	8.0%	14.0%	15.9%	12.9%
Other Income	355	−42.94	−27.99	322	393	362	235	−33.99	248	202	86.89	240
Interest	615	643	692	759	681	664	596	484	547	533	494	524
Depreciation	1,320	1,354	1,401	1,302	1,420	1,522	1,440	1,452	1,514	1,574	1,559	1,608
Profit before tax	564	1,443	98.09	1,175	323	1,659	969	557	481	2,507	2,191	2,326
Tax %	25.1%	22.0%	17.1%	24.1%	56.1%	25.1%	23.1%	25.1%	22.1%	27.1%	25.0%	25.0%
Exceptional items	57.01	−392	−295	0.00	12.99	−21.97	0.00	−218	0.00	−239	−99.92	−53.01
Net Profit	423	1,127	82.05	898	142	1,252	745	420	374	1,838	1,645	1,751
EPS (Rs)	1.03	2.72	0.19	2.18	0.35	3.02	1.79	1.02	0.92	4.45	3.99	4.25

Steel Authority of India profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Steel Authority of India Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	38,830	44,224	57,576	67,053	61,715	69,181	1,03,620	1,04,532	1,05,455	1,02,555	1,10,957	1,16,533
Expenses	41,585	43,987	52,696	57,053	51,284	56,282	81,957	96,192	94,125	91,663	98,542	1,01,182
Operating Profit	−2,842	115	4,725	9,839	10,291	12,820	21,416	8,060	11,191	10,724	12,149	15,119
OPM %	−7.0%	0.3%	8.0%	15.0%	17.0%	17.9%	20.9%	8.0%	11.0%	10.0%	11.0%	13.0%
Other Income	425	378	654	283	280	1,349	901	1,855	664	1,006	532	776
Interest	2,303	2,529	2,824	3,156	3,489	2,819	1,699	2,040	2,477	2,795	2,162	2,097
Depreciation	2,402	2,678	3,064	3,381	3,749	4,096	4,272	4,961	5,269	5,643	5,978	6,255
Profit before tax	−7,125	−4,724	−528	3,555	3,305	7,218	16,310	2,897	4,069	3,256	4,515	7,505
Tax %	−41.0%	−41.9%	−46.9%	34.1%	36.1%	42.0%	25.1%	25.1%	24.0%	27.1%	25.1%	—
Exceptional items	−60.95	−263	−45.98	−288	−527	14.01	−282	231	−537	−260	−542	−392
Net Profit	−4,180	−2,757	−281	2,351	2,123	4,155	12,251	2,180	3,069	2,374	3,379	5,609
EPS (Rs)	−10.12	−6.68	−0.67	5.70	5.14	10.05	29.66	5.28	7.41	5.73	8.18	13.61
Dividend payout %	0.0%	0.0%	0.0%	9.0%	0.0%	28.0%	29.9%	28.0%	27.0%	27.9%	28.9%	—

Steel Authority of India balance sheet

₹ crore, at each year end.

Steel Authority of India Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4,126	4,125	4,126	4,121	4,122	4,121	4,123	4,126	4,120	4,123	4,124	4,127
Reserves	39,776	36,122	33,031	32,903	35,626	37,488	41,393	50,232	50,741	53,169	54,973	56,362
Borrowings	32,026	35,017	41,276	45,233	45,004	53,913	37,542	17,213	30,685	36,185	36,817	31,808
Other Liabilities	26,968	26,319	29,425	33,405	33,455	31,557	34,973	48,813	45,045	47,405	40,761	43,839
Total Liabilities	1,02,895	1,01,583	1,07,857	1,15,661	1,18,207	1,27,079	1,18,030	1,20,383	1,30,591	1,40,882	1,36,675	1,36,135
Fixed Assets	39,038	46,006	50,372	58,622	61,465	69,049	67,692	73,776	73,540	72,428	73,426	75,992
CWIP	29,456	25,038	23,353	18,477	16,082	8,789	8,912	4,726	4,910	6,169	7,235	10,596
Investments	61.06	2,283	2,479	2,631	2,978	3,243	3,446	3,760	4,194	4,595	4,985	4,348
Other Assets	34,341	28,255	31,653	35,930	37,683	45,997	37,980	38,121	47,948	57,690	51,029	45,199
Inventories	18,206	14,892	15,930	17,221	19,702	24,041	15,556	19,799	28,001	32,968	29,395	23,816
Trade receivables	3,245	3,146	2,930	3,869	4,491	8,829	8,162	4,763	5,382	8,351	7,607	6,500
Cash & equivalents	2,638	346	379	346	288	446	796	786	551	674	967	733
Total Assets	1,02,895	1,01,583	1,07,857	1,15,661	1,18,207	1,27,079	1,18,030	1,20,383	1,30,591	1,40,882	1,36,675	1,36,135

Steel Authority of India cash flow

₹ crore, for each year.

Steel Authority of India Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	2,577	4,040	2,158	6,161	7,214	−618	23,410	30,978	−5,285	2,909	9,899	19,035
Cash from investing activity	−6,299	−4,809	−5,476	−6,486	−3,701	−4,267	−3,300	−3,979	−3,377	−4,270	−5,273	−7,908
Cash from financing activity	3,770	743	3,301	269	−3,545	4,996	−19,791	−27,353	8,584	1,360	−4,417	−11,384
Net cash flow	63.19	−20.06	−5.01	−47.14	−28.07	126	329	−388	−74.19	12.04	223	−264
Capex	7,694	6,644	5,453	6,754	3,979	4,748	3,551	3,663	3,919	4,708	6,216	8,750
Free cash flow	−5,054	−2,458	−3,278	−443	3,346	−5,014	20,098	27,641	−8,845	−1,301	4,552	10,979
CFO / OP %	65.1%	−131.9%	1,863.1%	134.1%	74.1%	−5.0%	184.1%	145.1%	−60.9%	27.1%	99.0%	163.1%

Steel Authority of India ratios

Working-capital days and returns, by year.

Steel Authority of India Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	27	31	25	26	26	53	44	18	20	30	28	22
Inventory days	370	308	274	199	243	370	207	170	180	222	211	158
Days payable	77	82	90	87	89	97	107	143	92	103	75	72
Cash conversion cycle	319	255	209	137	179	325	144	44	107	148	163	108
Working capital days	−68	−137	−172	−87	−51	−24	−78	−39	−41	−20	−17	−27
ROCE %	5.0%	−6.0%	−2.0%	3.0%	9.0%	8.0%	11.0%	24.0%	6.0%	8.0%	7.0%	8.0%

Steel Authority of India: frequently asked questions

What are the latest quarterly results of Steel Authority of India?

For the Sep 2026 quarter, Steel Authority of India reported sales of ₹32,030 Cr, up 19.8% year on year and net profit of ₹1,751 Cr, up 317.3% year on year. The operating margin was 12.9%.

What is the annual revenue of Steel Authority of India?

Steel Authority of India's sales for the year to Mar 2026 were ₹1.11 L Cr; over the last twelve months they were ₹1.17 L Cr.

What is the net profit of Steel Authority of India?

Net profit for the year to Mar 2026 was ₹3,379 Cr, and ₹5,609 Cr over the last twelve months. Earnings per share over the same trailing period were ₹13.61.

How much debt does Steel Authority of India have?

Steel Authority of India reported borrowings of ₹31,808 Cr at Mar 2026, against cash and equivalents of ₹733 Cr.

What is the free cash flow of Steel Authority of India?

Cash from operations was ₹19,035 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹10,979 Cr.

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