S A I L Q2 FY26 results (Jul–Sep 2025) and concall

Metals & Mining · Concall AI · Call held 30 Oct 2025

Company page: S A I L share price, financials & guidance record

SAIL reported a strong H1 FY26 with significant sales volume and revenue growth, alongside a 32% increase in PAT. The company successfully reduced its borrowings by over Rs.3,000 crores. While Q2 saw some margin pressure due to lower realizations and capital repairs, management expects improvement in H2 driven by increased demand, resolution of plant issues, and continued focus on cost reduction and value-added products, targeting a 14-15% EBITDA margin in Q4.

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What they filed

Q2 FY26: revenue up 8.2%, net profit down 48.8% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Revenue	24,675	24,490	29,316	25,921	26,704 +8%
Expenses	21,770	22,465	25,835	23,157	24,178
EBITDA	2,904	2,025	3,481	2,765	2,526 −13%
Margin	12%	8%	12%	11%	9%
Other income	269	393	271	161	-35
Interest	758	679	664	595	484
Depreciation	1,304	1,420	1,523	1,441	1,453
Profit before tax	1,113	318	1,564	890	553 −50%
Tax rate	25%	60%	25%	23%	23%
Net profit	834	126	1,178	685	427 −49%
EPS	2.02	0.30	2.85	1.66	1.03

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.

What they filed

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