Steel Authority of India's excellent performance in the first quarter, profit increased 9 times to Rs 744 crore:

News Topical, Digital Desk : SAIL Q1 Results: Despite global uncertainties, the results of the first quarter (April-June) of the financial year 2025-26 of Steel Authority of India (SAIL) were excellent. The profit of SAIL, the country's largest steel manufacturer, increased to Rs 744.5 crore. This is an increase of Rs 81.7 crore on an annual basis. The profit has increased due to increased cash flow of the company and improvement in operational efficiency. In the information given to the stock market on Friday, SAIL gave information about the quarterly results.

The company's excellent performance

The public sector 'Maharatna' company had a profit of Rs 81.78 crore in the same quarter last year. During the first quarter, the company's revenue increased to Rs 26,083.90 crore. During the same quarter of the previous financial year, it was Rs 24,174.80 crore.

However, the company's quarterly expenses have increased. While the expenses were Rs 23,871.60 crore during the first quarter of last year, this time it increased to Rs 25,189.19 crore during the June quarter. According to SAIL Managing Director Amarendu Prakash, the performance of the first quarter reflects better operational efficiency, increased sales in the domestic market and strong cash flow.

SAIL's increased expenditure

He says that despite so many global uncertainties, due to rising domestic consumption, safeguard duty support from the government and expansion of steel capacity, the company continues to provide high quality steel to all steel consuming sectors.

After the quarterly results of SAIL were announced, the company's shares on BSE slipped by nearly four percent to close at Rs 130.65. Last year, on August 1, 2024, the price of SAIL's share was Rs 156.30, which was a one-year record for its shares. Since then, on February 12, 2025, it fell 36.53 percent to 99.20, which was a one-year record low.