SAIL's 318.1% YoY jump to ₹1,750.5 cr eclipses the ₹2,200 cr estimate, leaving analysts to recalibrate expectations.
Revenue from operations rose 19.8% to ₹31,998 cr, slightly above the ₹31,855 cr estimate, while EBITDA climbed 66.8% to ₹4,216 cr, falling short of the ₹4,765 cr forecast. EBITDA margin expanded to 13.2% from 9.47%, yet remains below the market's 14.96% expectation.
Sales volume grew 5% YoY and 24% QoQ, driven by retail outreach and higher domestic demand. The company also cut its debt to ₹20,583 cr and reiterated a focus on high‑margin product mix.
CMD Dr. A K Panda said the firm’s operational resilience and cost rationalisation underpin a steady path forward, while the upcoming Q3 results are slated for 28 October 2026.