State-owned Steel Authority of India Limited (SAIL) on Wednesday reported a 53% year-on-year decline in consolidated net profit to ₹418.72 crore for the quarter ended September 2025. The company had posted a profit of ₹897.15 crore during the same period last year, according to a regulatory filing.
Despite the fall in profit, total income rose to ₹26,910.04 crore in Q2 FY26, up from ₹24,842.18 crore a year earlier, driven by steady production and higher sales volumes.
In a statement, SAIL Chairman Amarendu Prakash said the company’s performance in the first half of FY26 reflected its operational consistency and financial stability, with high capacity utilization and a notable rise in sales volume despite global steel market volatility.
For the April–September period of FY26, SAIL’s net profit stood at ₹1,163 crore, compared to ₹978.93 crore in the corresponding period last year. The company also reported a reduction in total debt to ₹26,427 crore, indicating stronger balance sheet management.
Prakash highlighted that SAIL is actively pursuing its green steel transition, conducting trials using green hydrogen in the steelmaking process and implementing several measures to lower its carbon intensity.
“SAIL is advancing its green steel journey through hydrogen-based steelmaking trials, carbon capture, utilization and storage (CCUS), biochar injection, and renewable energy initiatives,” Prakash said during the company’s 53rd Annual General Meeting (AGM).
As part of India’s broader push for decarbonization, the Ministry of Steel introduced the definition and rating system for ‘green steel’ in December 2024. Under the new taxonomy, steel plants emitting less than 2.2 tonnes of CO₂ per tonne of finished steel will qualify as green producers, with five-star ratings awarded for emissions of 1.6 tonnes or less.
Looking ahead, SAIL aims to integrate green technologies, efficient logistics, and customer-centric solutions into its upcoming projects to strengthen sustainability and competitiveness.
The Maharatna PSU, operating under the Ministry of Steel, runs five integrated steel plants with a combined installed capacity exceeding 21 million tonnes (MnT), making it one of India’s largest steel producers.
Disclaimer: This article is intended for informational purposes only and should not be construed as financial or investment advice. Readers are encouraged to conduct their own research or consult a financial advisor before making investment decisions.
