SAIL Q2 Results: Net profit surges four-fold to Rs 1750 crore on higher revenue
Steel Authority of India moved higher in a quarterly results development.
· Economic Times Markets, ET Stocks
Steel Authority of India Ltd announced a significant increase in consolidated net profit for the September quarter. The company reported a profit of Rs 1,750.47 crore, a substantial rise from the previous year. Revenue from operations also saw growth, reaching Rs 31,997.55 crore compared to Rs 26,704.17 crore last year. Total expenses rose modestly to Rs 29,913.65 crore from Rs 26,113.64 crore.
The analysis
Steel Authority of India reported Rs 1750 crore, Rs 31,997.55 crore and Rs 26,704.17 crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +0.8% on the day at ₹171.20, and has returned +5.3% over three months. It sits 17% below its 52-week high. The metals & mining sector has moved -6.8% over the same period, so Steel Authority of India is running 12.1 points ahead of its peers.
For Steel Authority of India, the question is how much of this is already reflected in the price and how much re-rates the metals & mining peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: Steel Authority of India (SAIL), in Metals & Mining.
- Over three months: Steel Authority of India +5.3% against Metals & Mining -6.8% (12.1 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Steel Authority of IndiaSAIL · Metals & Mining | ₹171.20 | +0.8% | -7.5% | +5.3% | -16.9% | 1.3× | — |
Metals & Mining
1M -9.4% · 3M -6.8%
Steel Authority of India
Prices as of 27 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Q2 Results Live: L&T, Maruti Suzuki, Tata Steel, Cipla, SBI Life, Bajaj Auto, Indus Towers, Waaree Energies In Focus
Q2 Results Today LIVE: Indian Overseas Bank PAT Jumps 56% To Rs 1,912 Crore, APL Apollo Tubes Net Profit Rises 27% YoY
Bharat Coking Coal shares rally 5% after Q2 profit turnaround; revenue jumps 39% YoY
Bajaj Auto Q2 Preview: Profit Seen Rising 27%; Can Export Momentum Offset Higher Raw Material Costs?
Cipla Q2 Results: Profit falls 35% YoY to Rs 878 crore, revenue slips 2%