Steel Authority of India Q2 results, quarter to Sep 2026

NSE: SAILBSE: 500113Ferrous MetalsMid Cap

Steel Authority of India Limited · Face value ₹10 · Listed Oct 1992 on BSE, Jul 1995 on NSE

₹162.00₹9.20 (5.37%)BSE ₹161.80

Share price at the NSE close on 28 Oct 2026. Previous close ₹171.20.

28 Oct: open ₹169.00, high ₹169.30, low ₹161.00

52-week range of traded prices to 28 Oct 2026

₹124.00Low, 19 Dec 2025₹209.70High, 14 May 2026

Market cap: ₹66,915 Cr153rd largest listed
P/E: 11.94
P/B: 1.07
Dividend yield: 1.45%
ROE: 9.3%
ROCE: 10.6%
Debt to equity: 0.33
Volume, NSE: 2,41,46,69739.7% delivered

Steel Authority of India filed its Q2 results for the quarter to Sep 2026 on 27 Oct 2026 at 8:42 pm, consolidated: the company and its subsidiaries together.

Q2 results, quarter to Sep 2026

₹ crore.Steel Authority of India annual results and balance sheet

Revenue: ₹31,998 Cr+19.8% on a year ago · +21.9% on the quarter before
Operating profit: ₹4,216 Cr+66.8% on a year ago · +1.5% on the quarter before
Net profit: ₹1,750 Cr+318.1% on a year ago · +6.5% on the quarter before
Earnings per share: ₹4.24+319.8% on a year ago · +6.5% on the quarter before
Operating margin: 13.2%
Net margin: 5.5%

From revenue to net profit, ₹ crore

Revenue31,998
Materials and goods−16,802
Employee costs−2,864
Other expenses−8,115
Operating profit4,216
Depreciation−1,609
Other income+232
One-off items−73
Finance costs−523
Profit before tax2,244
Tax−574
Joint ventures+81
Net profit1,750

Steel Authority of India results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Sep 2026. Results for the quarter to Dec 2026 are due by 14 Feb 2027, 45 days after it ends. Every company's dates are on the results calendar.Results filings and date

Revenue and net profit by quarter, ₹ crore

Revenue
Net profit

Peak revenue ₹31,998 Cr, quarter to Sep 2026; lowest ₹23,349 Cr, quarter to Dec 2023

Operating and net margin by quarter, per cent

Operating margin
Net margin

₹ crore	Dec 2021Q3	Mar 2022	Jun 2022Q1	Sep 2022	Dec 2022Q3	Mar 2023	Jun 2023Q1	Sep 2023	Dec 2023Q3	Mar 2024	Jun 2024Q1	Sep 2024	Dec 2024Q3	Mar 2025Q4	Jun 2025Q1	Sep 2025Q2	Dec 2025Q3	Mar 2026Q4	Jun 2026Q1Filed 24 Jul	Sep 2026Q2Filed 27 Oct
Revenue from operations	25,247	30,759	24,029	26,246	25,042	29,131	24,359	29,712	23,349	27,959	23,998	24,675	24,490	29,316	25,922	26,704	27,371	30,813	26,246	31,998
	21,845	26,421	21,727	25,511	22,964	26,207	22,710	25,837	21,206	24,476	21,778	21,762	22,460	25,832	23,153	24,176	25,077	26,405	22,093	27,781
Materials and goods bought	11,244	16,579	11,512	16,445	13,547	15,521	13,071	15,556	11,212	14,515	12,081	11,591	12,664	14,660	12,370	13,382	14,369	14,961	10,851	16,802
Employee costs	3,716	3,035	3,019	2,837	2,777	3,439	2,849	3,129	2,942	2,845	2,783	2,877	2,725	3,291	2,948	2,943	2,845	2,670	2,941	2,864
Other expenses	6,885	6,807	7,196	6,230	6,639	7,247	6,790	7,152	7,052	7,115	6,914	7,295	7,071	7,881	7,836	7,851	7,862	8,774	8,301	8,115
Operating profit before depreciation	3,402	4,338	2,302	735	2,079	2,924	1,649	3,875	2,142	3,483	2,220	2,913	2,030	3,484	2,769	2,528	2,294	4,409	4,153	4,216
Operating margin	13.5%	14.1%	9.6%	2.8%	8.3%	10.0%	6.8%	13.0%	9.2%	12.5%	9.3%	11.8%	8.3%	11.9%	10.7%	9.5%	8.4%	14.3%	15.8%	13.2%
Depreciation and amortisation	1,049	1,144	1,194	1,183	1,221	1,365	1,275	1,327	1,321	1,356	1,402	1,304	1,421	1,524	1,441	1,453	1,516	1,577	1,560	1,609
Other income	151	416	171	396	98	286	464	146	144	313	177	167	234	298	162	206	175	352	206	232
Finance costs	316	440	374	506	640	517	613	605	614	642	691	758	680	664	595	484	547	532	493	523
Profit before one-off items and tax	2,188	3,170	904	−559	315	1,328	225	2,090	352	1,798	303	1,018	163	1,593	895	796	406	2,651	2,305	2,316
One-off items	−364	11	0	0	298	−40	0	−415	76	−502	−312	0	29	−29	0	−338	0	−330	−144	−73
Profit before tax	1,825	3,180	904	−559	613	1,288	225	1,675	428	1,296	−9	1,018	191	1,564	895	458	406	2,321	2,161	2,244
	477	800	243	−113	184	403	76	464	140	316	16	276	181	406	223	137	106	666	543	574
Current tax	1	3	240	−121	52	−45	51	424	17	121	5	316	146	355	285	198	231	686	661	636
Deferred tax	476	798	3	8	132	448	25	41	122	194	11	−39	35	51	−61	−61	−125	−20	−118	−63
Tax rate	26.2%	25.2%	26.9%	–	29.9%	31.3%	33.7%	27.7%	32.7%	24.4%	–	27.1%	94.5%	26.0%	25.0%	30.0%	26.0%	28.7%	25.1%	25.6%
Share of profit of joint ventures and associates	181	98	143	116	112	274	63	95	135	145	107	155	131	94	73	98	74	180	26	81
	1,529	2,479	805	−329	542	1,159	212	1,306	423	1,126	82	897	142	1,251	745	419	374	1,835	1,644	1,750
Belonging to the company's shareholders	1,529	2,479	805	−329	542	1,159	212	1,306	423	1,126	82	897	142	1,251	745	419	374	1,835	1,644	1,750
Belonging to outside owners of subsidiaries	0	0	–	0	0	0	–	0	0	0	–	0	0	0	–	0	0	0	–	–
Other comprehensive income	−134	56	107	170	115	−692	−10	−28	−110	56	−64	−15	42	−150	−118	22	−182	339	−58	−199
Total comprehensive income	1,395	2,535	912	−159	657	468	202	1,277	313	1,182	18	882	184	1,101	627	440	192	2,174	1,586	1,552
Net margin	6.1%	8.1%	3.3%	−1.3%	2.2%	4.0%	0.9%	4.4%	1.8%	4.0%	0.3%	3.6%	0.6%	4.3%	2.9%	1.6%	1.4%	6.0%	6.3%	5.5%
Net margin without joint ventures and associates	5.3%	7.7%	2.8%	−1.7%	1.7%	3.0%	0.6%	4.1%	1.2%	3.5%	−0.1%	3.0%	0.0%	3.9%	2.6%	1.2%	1.1%	5.4%	6.2%	5.2%
Earnings per share	₹3.70	₹6.00	₹1.95	−₹0.80	₹1.31	₹2.81	₹0.51	₹3.16	₹1.02	₹2.73	₹0.20	₹2.17	₹0.34	₹3.03	₹1.80	₹1.01	₹0.91	₹4.44	₹3.98	₹4.24

Earnings per share in rupees, restated for later splits and bonuses.

Segment results by quarter

Consolidated, ₹ crore, quarters to Jun 2026.Steel Authority of India segment results by year

Bhilai Steel Plant
Revenue, ₹ crore
10,064
6,500
9,700
7,935
8,575
7,828
9,095
7,449
7,723
7,933
8,767
7,485
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
1,889
62
1,336
520
1,690
637
1,244
761
506
563
1,002
838
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Bokaro Steel Plant
Revenue, ₹ crore
6,877
6,004
6,529
4,923
5,374
5,992
6,357
6,315
6,147
6,427
8,518
7,205
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
459
458
243
−31
40
−98
215
269
171
64
911
845
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Rourkela Steel Plant
Revenue, ₹ crore
7,179
5,863
6,979
6,584
5,539
5,767
6,202
5,967
6,252
6,165
7,474
7,263
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
469
401
292
370
−105
195
369
258
448
264
638
858
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
IISCO Steel Plant
Revenue, ₹ crore
3,605
2,907
3,379
3,069
3,279
2,578
3,665
2,890
3,218
3,293
3,663
2,771
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
95
53
73
−41
188
126
423
228
157
152
446
270
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Durgapur Steel Plant
Revenue, ₹ crore
3,202
2,903
3,246
3,150
2,963
3,012
3,081
2,657
2,770
2,903
3,249
2,731
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
134
197
176
144
136
111
145
71
89
8
307
169
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Others
Revenue, ₹ crore
315
361
412
439
324
449
2,065
2,171
1,802
2,102
890
777
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
−167
15
568
226
77
90
48
54
92
52
134
−98
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Salem Steel Plant
Revenue, ₹ crore
611
515
622
566
481
445
463
497
523
488
514
434
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
−58
−56
−64
−62
−79
−78
−87
−65
−78
−62
−13
−66
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Alloy Steel Plant
Revenue, ₹ crore
308
281
301
305
313
312
324
312
346
254
323
358
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
−14
−21
−31
−12
−4
−1
1
−3
3
−1
−1
9
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Visvesaraya Iron & Steel Plant
Revenue, ₹ crore
23
49
46
48
56
48
48
56
54
56
94
76
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
−16
−9
−8
−12
−11
−8
−7
−11
−9
−12
−9
−3
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26

₹ crore	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue of all businesses	32,183	25,383	31,214	27,019	26,904	26,430	31,301	28,316	28,836	29,623	33,492	29,100
Company revenue, as in its results	29,712	23,349	27,959	23,998	24,675	24,490	29,316	25,922	26,704	27,371	30,813	26,246
Revenue	10,064	6,500	9,700	7,935	8,575	7,828	9,095	7,449	7,723	7,933	8,767	7,485
Revenue growth	44.8%	−12.1%	6.0%	12.8%	−14.8%	20.4%	−6.2%	−6.1%	−9.9%	1.4%	−3.6%	0.5%
Profit	1,889	62	1,336	520	1,690	637	1,244	761	506	563	1,002	838
Profit growth	–	−71.4%	112.9%	99.0%	−10.5%	920.2%	−6.9%	46.4%	−70.0%	−11.7%	−19.4%	10.2%
Margin	18.8%	1.0%	13.8%	6.6%	19.7%	8.1%	13.7%	10.2%	6.6%	7.1%	11.4%	11.2%
Assets	36,623	36,936	35,944	34,508	36,099	34,436	32,435	32,366	32,082	34,538	33,879	34,303
Liabilities	9,466	8,826	8,405	8,344	7,990	6,170	7,221	6,795	7,199	10,089	10,041	10,516
Capital employed	27,158	28,110	27,539	26,163	28,110	28,266	25,214	25,572	24,883	24,448	23,838	23,787
Revenue	6,877	6,004	6,529	4,923	5,374	5,992	6,357	6,315	6,147	6,427	8,518	7,205
Revenue growth	3.1%	−1.6%	−4.9%	−22.4%	−21.9%	−0.2%	−2.6%	28.3%	14.4%	7.3%	34.0%	14.1%
Profit	459	458	243	−31	40	−98	215	269	171	64	911	845
Profit growth	411.9%	119.4%	−21.9%	–	−91.3%	–	−11.6%	–	327.5%	–	324.1%	213.6%
Margin	6.7%	7.6%	3.7%	−0.6%	0.7%	−1.6%	3.4%	4.3%	2.8%	1.0%	10.7%	11.7%
Assets	22,053	22,571	23,199	25,317	25,975	25,563	26,436	26,342	26,234	25,593	24,657	25,533
Liabilities	6,038	5,540	5,934	6,340	6,464	6,160	7,254	7,772	7,890	7,573	7,769	8,311
Capital employed	16,015	17,031	17,265	18,976	19,511	19,403	19,181	18,570	18,344	18,020	16,887	17,222
Revenue	7,179	5,863	6,979	6,584	5,539	5,767	6,202	5,967	6,252	6,165	7,474	7,263
Revenue growth	9.2%	1.8%	2.7%	5.4%	−22.8%	−1.6%	−11.1%	−9.4%	12.9%	6.9%	20.5%	21.7%
Profit	469	401	292	370	−105	195	369	258	448	264	638	858
Profit growth	–	70.9%	−32.1%	46.0%	–	−51.4%	26.2%	−30.2%	–	35.6%	73.1%	231.9%
Margin	6.5%	6.8%	4.2%	5.6%	−1.9%	3.4%	5.9%	4.3%	7.2%	4.3%	8.5%	11.8%
Assets	27,675	28,851	29,561	28,795	28,538	28,210	27,842	28,257	28,074	28,052	28,104	29,380
Liabilities	9,221	9,742	9,550	8,487	8,481	8,294	8,959	9,222	9,578	9,799	10,043	10,575
Capital employed	18,455	19,109	20,011	20,308	20,057	19,916	18,883	19,035	18,497	18,253	18,061	18,805
Revenue	3,605	2,907	3,379	3,069	3,279	2,578	3,665	2,890	3,218	3,293	3,663	2,771
Revenue growth	0.8%	−16.8%	−10.5%	9.3%	−9.0%	−11.3%	8.5%	−5.8%	−1.9%	27.7%	0.0%	−4.1%
Profit	95	53	73	−41	188	126	423	228	157	152	446	270
Profit growth	42.1%	−81.3%	−80.2%	–	98.6%	138.9%	480.1%	–	−16.4%	20.1%	5.2%	18.6%
Margin	2.6%	1.8%	2.2%	−1.3%	5.7%	4.9%	11.6%	7.9%	4.9%	4.6%	12.2%	9.8%
Assets	15,855	16,131	15,985	15,829	15,920	16,008	15,615	15,896	15,937	15,843	16,336	17,132
Liabilities	1,476	1,361	1,585	1,459	1,467	1,473	1,577	1,669	1,656	1,616	1,711	1,740
Capital employed	14,378	14,770	14,400	14,370	14,453	14,534	14,039	14,227	14,281	14,226	14,625	15,392
Revenue	3,202	2,903	3,246	3,150	2,963	3,012	3,081	2,657	2,770	2,903	3,249	2,731
Revenue growth	−10.1%	−6.9%	−10.3%	1.8%	−7.5%	3.8%	−5.1%	−15.6%	−6.5%	−3.6%	5.5%	2.8%
Profit	134	197	176	144	136	111	145	71	89	8	307	169
Profit growth	−12.5%	2.7%	−41.1%	149.8%	1.8%	−43.7%	−17.6%	−51.0%	−34.6%	−93.0%	112.0%	139.3%
Margin	4.2%	6.8%	5.4%	4.6%	4.6%	3.7%	4.7%	2.7%	3.2%	0.3%	9.5%	6.2%
Assets	7,809	8,336	8,869	8,845	9,019	8,999	9,344	9,405	9,484	9,473	9,753	10,405
Liabilities	3,668	3,540	3,314	3,254	3,234	3,216	3,768	3,686	3,724	3,785	3,744	3,753
Capital employed	4,140	4,797	5,555	5,592	5,786	5,782	5,576	5,719	5,760	5,688	6,009	6,652
Revenue	315	361	412	439	324	449	2,065	2,171	1,802	2,102	890	777
Revenue growth	−13.3%	2.8%	25.6%	26.3%	–	24.4%	401.7%	394.5%	456.1%	368.6%	−56.9%	−64.2%
Profit	−167	15	568	226	77	90	48	54	92	52	134	−98
Profit growth	–	−53.1%	254.0%	91.6%	–	517.7%	−91.6%	−76.2%	20.1%	−42.1%	181.4%	–
Margin	−52.9%	4.0%	138.0%	51.6%	23.6%	20.0%	2.3%	2.5%	5.1%	2.5%	15.0%	−12.6%
Assets	13,938	16,475	20,962	23,450	18,239	16,173	18,862	17,217	16,197	15,307	17,112	17,729
Liabilities	11,466	14,661	16,792	14,657	11,335	10,697	11,286	10,342	11,569	11,094	12,494	13,827
Capital employed	2,472	1,814	4,170	8,793	6,904	5,477	7,576	6,875	4,629	4,213	4,618	3,902
Revenue	611	515	622	566	481	445	463	497	523	488	514	434
Revenue growth	69.7%	16.1%	−10.7%	−14.0%	−21.2%	−13.6%	−25.5%	−12.1%	8.7%	9.7%	10.9%	−12.7%
Profit	−58	−56	−64	−62	−79	−78	−87	−65	−78	−62	−13	−66
Margin	−9.5%	−10.9%	−10.3%	−11.0%	−16.5%	−17.5%	−18.8%	−13.1%	−14.9%	−12.7%	−2.5%	−15.2%
Assets	2,445	2,472	2,798	2,695	2,620	2,648	2,666	2,710	2,550	2,536	2,592	2,744
Liabilities	550	545	622	513	481	474	546	525	482	500	610	673
Capital employed	1,896	1,927	2,176	2,182	2,139	2,175	2,120	2,185	2,068	2,036	1,982	2,071
Revenue	308	281	301	305	313	312	324	312	346	254	323	358
Revenue growth	–	–	–	1.5%	–	10.9%	–	2.3%	10.8%	−18.5%	−0.3%	14.6%
Profit	−14	−21	−31	−12	−4	−1	1	−3	3	−1	−1	9
Margin	−4.6%	−7.4%	−10.2%	−4.0%	−1.4%	−0.3%	0.3%	−1.1%	0.8%	−0.4%	−0.3%	2.6%
Assets	652	669	695	686	681	734	749	759	775	843	842	824
Liabilities	283	277	321	317	324	358	370	349	376	374	359	366
Capital employed	369	392	374	368	357	376	379	410	400	469	483	459
Revenue	23	49	46	48	56	48	48	56	54	56	94	76
Profit	−16	−9	−8	−12	−11	−8	−7	−11	−9	−12	−9	−3
Margin	−69.9%	−18.1%	−17.2%	−25.7%	−20.3%	−15.9%	−13.6%	−18.7%	−17.2%	−22.4%	−9.7%	−3.3%
Assets	222	205	225	230	213	226	240	242	254	258	278	268
Liabilities	54	51	125	125	129	128	129	133	132	137	139	147
Capital employed	168	155	100	105	84	99	111	109	122	121	139	121

Profit is before tax and finance costs, the way companies report their segments.

Q2 results, quarter to Sep 2026

From revenue to net profit, ₹ crore

Steel Authority of India results by quarter

Revenue and net profit by quarter, ₹ crore

Operating and net margin by quarter, per cent

Segment results by quarter

Bhilai Steel Plant

Bokaro Steel Plant

Rourkela Steel Plant

IISCO Steel Plant

Durgapur Steel Plant

Others

Salem Steel Plant

Alloy Steel Plant

Visvesaraya Iron & Steel Plant