New Delhi: Steel Authority of India Limited (SAIL) on Monday announced its financial results for the fourth quarter and full financial year ended March 31, reporting a 50.5 percent year-on-year jump in Profit After Tax (PAT) to Rs 3,233 crore for FY26, compared to Rs 2,148 crore in the previous fiscal.
Follow The PSUWatch Channel on WhatsApp
The Maharatna steelmaker also recorded a rise in revenue from operations, which increased to Rs 1,10,810 crore in FY26 from Rs 1,02,478 crore in FY25. The company attributed the strong performance to higher sales volumes, inventory reduction, improved operational efficiencies and better techno-economic parameters.
SAIL’s crude steel production for FY26 stood at 19.43 million tonnes, registering a growth of 1.4 percent over 19.17 million tonnes produced in the previous fiscal. Sales volumes witnessed a significant double-digit growth of 11.4 percent, increasing from 17.89 million tonnes in FY25 to 19.93 million tonnes in FY26.
Follow PSU Watch on LinkedIN
The company also strengthened its balance sheet by reducing total debt by Rs 8,148 crore during the year compared to the previous fiscal.
According to the company, improved blast furnace productivity, optimized energy consumption and streamlined dispatches contributed to enhanced operational efficiency and profitability. SAIL said it maintained performance momentum despite supply chain disruptions arising from evolving geopolitical conditions.
Commenting on the performance, SAIL's Chairman and Managing Director (CMD) A.K. Panda, said the company’s results reflected the strength of its core operations and focused market expansion strategy.
He said the growth in sales volumes, coupled with reduced inventory and borrowings, reinforced profitability, with Profit Before Tax (PBT) and PAT rising by 44 percent and 50.5 percent respectively over the previous year.
Panda further said SAIL would sharpen its focus on increasing the share of value-added and special steel in its portfolio while pursuing expansion plans supported by the encouraging outlook for domestic steel demand driven by infrastructure development.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)