Steel Authority of India (SAIL) reported a 47% year-on-year jump in consolidated net profit for the March quarter at ₹1,836 crore. In the corresponding period last year, the PSU steelmaker had posted a net profit of ₹1,251 crore.

The company’s crude steel production during the reporting quarter stood at 5.08 million tonnes, higher than 4.85 million tonnes recorded in Q3FY26, but remained largely flat compared to 5.09 million tonnes in the March 2025 quarter. Meanwhile, sales improved on both a QoQ and YoY basis to 4.9 million tonnes in Q4FY26.

In terms of operating profitability, the EBITDA came in at ₹4,409 crore, a 30.3% YoY jump as against ₹3,484 crore in the year ago quarter, with margins expanding sharply to 14.3% from 11.5% YoY.

Commenting on the results, the CMD of Steel Authority of India Limited, Dr. AK Panda, stated, “Our performance reflects the inherent strength of our core operations, supported by focused efforts to expand market presence and align our product portfolio with evolving demand.”

“Going forward, we will place sharper emphasis on increasing the share of value-added and special steel in our portfolio. The encouraging outlook for domestic steel consumption, driven by sustained infrastructure development, augurs well for our expansion plans. We remain committed to delivering consistent value and long-term growth to our stakeholders,” Panda further added.

For FY26, the maharatna company reported its best-ever production and sales volumes, along with the highest-ever revenue from operations. Crude steel production increased 1.4% year-on-year to 19.43 million tonnes, compared to 19.17 million tonnes in the previous fiscal.

Sales volume grew strongly by 11.4% during the year, supported by increased market outreach, inventory liquidation and improved dispatches.

Net profit surged 50.5% YoY, reflecting improved operational efficiency, inventory reduction and cost optimisation measures undertaken by the company.

Meanwhile, SAIL also reduced its debt by ₹8,148 crore compared to the previous financial year, strengthening its balance sheet position.