Steel Authority of India Limited (SAIL) has reported a massive turnaround in its financial performance, posting a consolidated net profit of ₹7.44 billion ($86.04 million) in the first quarter (April–June) of FY 2025–26—an over 800% increase compared to the same quarter in the previous fiscal year.
In a regulatory filing on Monday, the state-run steel giant also announced a consolidated revenue of ₹260 billion ($3 billion) for the quarter, representing an 8% year-on-year growth.
“The performance shows improved operational efficiency, better cash flow, and strong growth in sales volume in the domestic market, supported by government safeguard duties,” said SAIL Chairman Amarendu Prakash in an official statement.
The sharp rise in profitability highlights SAIL’s recovery amid favorable domestic demand and policy support, positioning the company strongly as India’s infrastructure and manufacturing sectors continue to expand.
VietnamSteel by Hoa Sen Group
