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SAIL's Soaring Surplus: Profit Quadruples as Debt Dwindles

Steel Authority of India Limited posted a sharp profit recovery for the quarter ended September 2026. Net profit rose about 315% to ₹1,774 crore, roughly $202 million. Revenue climbed to ₹31,998 crore as sales volume grew 24% over the previous quarter. The company produced 4.85 million metric tons of crude steel. Debt fell to ₹20,583 crore. Chairman Dr A K Panda credited strong infrastructure demand, better raw material use & lower inventories. Shares hit a 52-week high after the results.

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