SAIL's Profit Dips Despite Rising Income and Sales Volume

The Steel Authority of India Limited (SAIL), one of India's key players in steel manufacturing, has reported a more than 53% decline in its consolidated net profit for the September quarter, totalling Rs 418.72 crore. This figure marks a stark contrast to the Rs 897.15 crore net profit recorded during the same period in the previous financial year.

Despite the drop in profit, SAIL has seen an increase in total income, which rose to Rs 26,910.04 crore compared to Rs 24,842.18 crore in the corresponding period last year. According to SAIL Chairman Amarendu Prakash, the company's operational consistency and high capacity utilisation have been pivotal in achieving this steady production.

SAIL's net profit for the first half of FY26 was Rs 1,163 crore, surpassing the Rs 978.93 crore from a year earlier. Debt levels also declined to Rs 26,427 crore, demonstrating the company's robust financial health amidst a volatile global steel market.