SAIL

SAIL management guided for FY27 sales volume of 22 million tons (targeting 23 million tons subsequently) and crude steel production of 22.5 million tons, achieved through operational efficiencies beyond current capacity. Capex is projected at INR15,000 crores for FY27, increasing to INR18,000-19,000 crores in FY28, and INR20,000-25,000 crores annually thereafter for expansions at IISCO, Bokaro, and Bhilai, with new capacity expected from FY30-31. Employee costs are anticipated to reduce, and the net debt-to-equity ratio (currently 0.37) is targeted for further reduction. Management expects firm steel prices and good margins in FY27, driven by efficiency improvements and cost reduction efforts, despite anticipated muted demand in Q1/Q2 FY27. BISL is identified for disinvestment.

SAIL announced that the audio recording of the conference call held on May 16, 2026, with analysts and investors to discuss the Company's results for the Quarter and Year ended March 31, 2026, is now available on its website at https://sail.co.in/en/investors-relation/performance-highlights.

Standalone Revenue ₹110810.24 Cr vs ₹102478.19 Cr (▲8.13% YoY), EBITDA ₹11326.30 Cr vs ₹10316.75 Cr (▲9.79% YoY), PAT ₹3233.48 Cr vs ₹2147.96 Cr (▲50.54% YoY). EBITDA Margin 10.22% vs 10.07% (▲15bps). The Board recommended a final dividend of ₹2.35 per equity share for FY26. Auditors noted non-compliance with board composition requirements and raised concerns regarding accounting for contingent liabilities and advances, suggesting a potential impact on reported financials, including a possible decrease in current assets, an increase in loss, and a reduction in equity.

Standalone Revenue ₹30,813.45 Cr vs ₹29,316.08 Cr (▲5.1% YoY), EBITDA ₹4,076.22 Cr vs ₹3,451.29 Cr (▲18.1% YoY), PAT ₹1,679.51 Cr vs ₹1,177.96 Cr (▲42.6% YoY). EBITDA Margin 13.2% vs 11.8% (▲146bps). The Board also recommended a Final Dividend of Rs. 2.35/- per equity share for FY 2025-26.

SAIL has scheduled an Analyst and Institutional Investor Meet (Group Meet) for May 16, 2026, at 11:00 AM, via conference call. The meeting will discuss the financial results for the quarter ended March 31, 2026. Further details are available on the company's website.

Dr. Ashok Kumar Panda, previously Director (Finance), has been appointed as the Chairman & Managing Director (CMD) of Steel Authority of India Limited, effective May 9, 2026, following a Government of India order dated May 8, 2026. Dr. Panda's vision for his tenure includes strengthening SAIL's position as a top steel producer, focusing on value creation through capacity expansion, improved operational efficiencies, cost control, and enhanced financial performance.

Three Non-Official Independent Directors, Dr. Gopal Singh Bhati, Dr. Anju Bajpai, and Shri Manjeet Kumar Razdan, ceased to be members on SAIL's Board on April 20, 2026, upon completion of their one-year tenure.

Dr. Gopal Singh Bhati, Dr. Anju Bajpai, and Shri Manjeet Kumar Razdan, Non-Official Independent Directors of SAIL, ceased to be members of the Board on April 20, 2026, upon completion of their one-year tenure which began on April 21, 2025.

SAIL informed that Dr. Gopal Singh Bhati, Dr. Anju Bajpai, and Shri Manjeet Kumar Razdan ceased to be Non-Official Independent Directors on the Board effective April 20, 2026, upon completion of their one-year tenure.

Shri Amarendu Prakash resigned as Chairman and Managing Director of SAIL, effective April 1, 2026. Shri Krishna Kumar Singh, Director (Personnel), has been given additional charge as CMD for three months from April 2, 2026, or until a regular incumbent is appointed.

Shri Amarendu Prakash resigned as SAIL's Chairman and Managing Director, effective April 1, 2026. Shri Krishna Kumar Singh, Director (Personnel), will hold additional charge as CMD for three months from April 2, 2026, or until a regular incumbent is appointed.

SAIL announced the closure of its trading window from April 1, 2026, until 48 hours after the declaration of financial results for the quarter and year ended March 31, 2026, to prevent insider trading as per SEBI regulations.

Shri T.N.Natarajan has been appointed as Director (Commercial) on the SAIL Board, effective March 19, 2026. He brings over 32 years of diverse experience within SAIL, with a track record of contributing to market share and profitability.

Steel Authority of India Ltd (SAIL) announced that Shri Manish Raj Gupta, Director (Technical, Projects and Raw Materials), has been redesignated as Director (Mining) by the Government of India, Ministry of Steel, effective 18th February, 2026.

Transcript of Steel Authority of India Limited's Q3 FY26 Earnings Conference Call. For the nine-month period of FY26, revenue increased 9% to ₹79,997 Cr and PAT grew 60% YoY. The company reduced debt by ₹5,000 Cr and discussed expansion plans, expecting good margins for Q4.