SAIL Shares Drop Close to 3% Following Q2 FY26 Profit Falling to ₹427 Crore

New Delhi, October 30, 2025: Steel Authority of India Ltd share price (NSE: SAIL) declined close to 3% on Thursday’s trading session, after the firm reported dismal quarterly numbers. The government-owned steel producer announced a sharp decline in net profit for the September quarter.

Q2 FY26 Performance

SAIL’s bottom-line after tax dropped sharply to ₹427 crore in Q2 FY26, 48.8% lower year-on-year and 37.7% sequentially. The drop came even as revenues grew steadily. Sales turnover grew 8.3% YoY to ₹26,524 crore, while total income grew 3.5% sequentially to ₹27,007 crore. EBITDA, however, dropped 3.3% quarter-on-quarter to ₹2,829 crore due to an uptick in raw materials and a downtick in steel prices.

Profit before tax (excluding exceptional items) was ₹553 crore, a sharp 37.9% decline from the last quarter. During the first half of FY26, the firm recorded sales turnover of ₹52,254 crore, an increase of 8.3% year-on-year, with net profit at ₹1,112 crore — a 31.8% yearly increase.

Stock Market Reaction

SAIL stocks traded 2.72% down at ₹136.73 against the last close of ₹140.55 at 2:31 pm IST. The stock has oscillated in the range of ₹137.20 to ₹139.70 so far in the day, with more than 1.12 crore shares traded, valuing at ₹155.8 crore. SAIL’s market capitalization was at ₹56,873 crore.

REF: https://nsearchives.nseindia.com/corporate/SAIL_29102025192407_perfhigh.pdf

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