SAIL Reports Improved Q1 FY27 Performance with Higher Value-Added Steel and Iron Ore Sales

New Delhi, Jul 30 (KNN) Steel Authority of India Limited (SAIL) reported improvements in profitability, product mix, capital expenditure and captive mining operations during the first quarter of FY 2026-27, while continuing measures to manage borrowings, working capital and operating costs.

During Q1 FY27, SAIL reduced its borrowings and borrowing costs, while maintaining liquidity. The company also reported improvements in its debt-equity ratio and net debt-to-EBITDA profile.

The share of finished steel in total saleable steel increased to 89 per cent in Q1 FY27, compared with 86 per cent in the corresponding period of the previous year. 

Dispatches of value-added steel increased by 7.5 per cent year-on-year. Capital expenditure during the quarter stood at Rs 2,575 crore, higher than the targeted Rs 2,306 crore.

Operationally, blast furnace productivity improved, while consumption of ferro alloys and fluxes was optimised. SAIL also advanced scheduled capital repairs during the quarter. 

Limestone supplies were met through a combination of domestic and external sources, while alternative arrangements for propane gas were made to maintain operations amid supply-chain disruptions.

SAIL’s captive mining operations also recorded higher output during the quarter. Increased iron ore production enabled the company to meet its internal raw material requirements and sell surplus ore in the domestic market. Iron ore sales increased by 269 per cent year-on-year in Q1 FY27.

SAIL Chairman and Managing Director Dr. Ashok Kumar Panda attributed the quarter’s performance to financial controls, cash-flow management, working-capital practices and operational measures taken during the period.

(KNN Bureau)