Written by Steel Authority of India Limited (SAIL) reported an impressive 89% year-on-year increase in net profit for the first quarter of FY26, reaching ₹744.58 crore. The strong performance was attributed to operational efficiencies and sustained domestic demand.
In the post-earnings briefing, SAIL Chairman and Managing Director underscored the positive influence of the India-UK Comprehensive Economic and Trade Agreement (CETA) on export opportunities, signaling optimism for international trade prospects.
Despite the robust earnings growth, SAIL shares fell 4% in Friday’s trade as the company’s EBITDA margins came in below analyst expectations. Market participants cited concerns over rising input costs and soft global steel prices.
The management, however, remains confident about future quarters, focusing on volume growth, product diversification, and strategic cost controls.