New Delhi: State-owned steel major Steel Authority of India Limited (SAIL) on Thursday reported a sharp improvement in its financial performance for the nine months ended December 31, 2025 (9M FY26), with profit after tax rising by 60 per cent on a year-on-year basis.
The Maharatna PSU said higher sales volumes, operational efficiency and cost control helped boost earnings despite a challenging market environment and rising input costs.
SAIL declares financial results for 9M FY’26
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Crude steel production during the period increased marginally by 2 per cent to 14.35 million tonnes, compared to 14.08 million tonnes in the same period last year.
Sales volume recorded a strong growth of 16.3 per cent to 14.61 million tonnes, driven by improved market reach, higher retail sales and faster inventory liquidation.
Revenue from operations rose by nearly 10 per cent to Rs 79,997 crore from Rs 73,162 crore a year ago, broadly in line with the growth in sales volume.
Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at Rs 8,384 crore, while profit before tax increased to Rs 2,010 crore from Rs 1,445 crore in the previous year.
Profit after tax for the nine-month period jumped to Rs 1,554 crore, compared to Rs 970 crore in 9M FY25.
The company also reduced its debt by nearly Rs 5,000 crore during the period, strengthening its balance sheet.
SAIL Chairman and Managing Director Amarendu Prakash said the improved results were driven by higher volumes, operating leverage and prudent financial management. He said strong domestic demand and better market penetration supported sales growth.
He added that despite volatility in input costs and competitive pricing pressures, the company sustained profitability through product mix optimisation, cost control and efficiency improvements.
