Government-run Steel Authority of India Limited (SAIL) achieved net profit of INR 17.7 billion ($186.53 million) in second quarter (July-September) of fiscal 2026-27, a rise of 315 percent over the corresponding quarter of the previous year, according to a regulatory filing of the company on Wednesday, October 28.
The company reported revenues from operations at INR 319.9 billion ($3.37 billion) a growth of 20 percent.
For the first half (April-September) of fiscal 2026-27 SAIL's net profit stood at INR 34.1 billion ($358 million), a rise of 207 percent over the corresponding half of the previous fiscal.
SAIL's sales during the second quarter of 2026-27 was reported at 5.16 million mt, a rise of 5 percent while crude steel output was 4.85 million mt, compared to 4.65 million mt in the corresponding quarter of the previous fiscal.
