SAIL Q4 Results 2026 LIVE: Net profit jumps 47% YoY to ₹1,836 crore; declares final dividend of ₹2.35 per share

Along with its financial results, the company announced a final dividend of ₹2.35 per share for FY26.

"The Board of Directors have recommended the final dividend of ₹2.35 per equity share of ₹10, each for the Financial Year 2025-26 (23.50% of the paid-up equity share capital of the Company). The said final dividend for FY 2025-26 will be paid within 30 days from the date of approval by the shareholders in the ensuing Annual General Meeting, the date of which will be intimated in due course," the company said in its earnings filing.

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.

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.

Axis Securities expects SAIL's Q4 revenue to rise 2% YoY and PAT to remain flat in the quarter under review.

Axis Securities expects revenue to increase YoY/QoQ on account of higher steel price realisations, but will be partly offset by lower sales volumes. It also said that expected adjusted EBITDA (excluding railway provisions) to increase by 30%/58% YoY/QoQ to ₹3,630 crore and will be driven by higher NSRs, partly offset by slightly lower sales volumes and higher coking coal consumption cost. We expect EBITDA/t to increase YoY/QoQ, driven by higher sales realization, it added.

Steel Authority of India share price ends 3.5% lower ahead of the earnings announcement. The stock closed at ₹191.85 on the BSE.

Average Steel HRC prices (traders market ex-Mumbai) increased by 11%/12% YoY/QoQ and stood at ₹53,669/t. Against this backdrop, expect slight moderation in steel sales volumes on a YoY/QoQ basis at 5.1MT, said Axis Securities.

Kotak Equities expects net sales to rise 10.5% YoY and 15.5% QoQ to ₹31621.4 crore. Meanwhile, reported PAT might surge 83% YoY and 389% QoQ to ₹2154.4 crore in the quarter under review.

Kotak Equities estimates adjusted volumes to increase by 3.8% YoY (+7.9% QoQ) to in the quarter. It also expects steel realizations to increase by 7% QoQ (+6.4% YoY), led by price hikes during the quarter.

SAIL share price remained in the red ahead of the March quarter earnings today. The Maharatna PSU stock lost 1.6% to ₹195.90 per share today.

Kotak Institutional Equities estimates EBITDA/ton to increase sequentially to ₹8,936/ton (+59% YoY, +86% QoQ), led by higher steel prices, partially offset by higher coal cost.

Revenue is forecasted to increase by 7.3% YoY to ~INR 314.4 bn aided by higher volumes and realization. We expect EBITDA to grow by 9.9% YoY to ~INR 38.3 bn. It is expected to report a PAT of ~INR 15.5 bn (up 28.7% YoY), said Antique Stock Broking.

In terms of Regulation 29(1) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, it is hereby informed that the meeting of the Board of Directors of Steel Authority of India Limited (SAIL) will be held on 15th May, 2026 at New Delhi to, inter-alia, consider, approve and take on record the Audited Standalone and Consolidated Financial Results of the Company for the Quarter and Year ended 31st March, 2026.