Shares of SAIL climbed 0.43% to ₹184.80 on the NSE, after the company released its Q1 FY27 results.
The steelmaker reported a consolidated net profit of ₹1,644.05 crore, a 120% jump from ₹744.58 crore in the same period last year, surpassing the ₹1,300 crore consensus of analysts.
Total income rose to ₹26,451.21 crore, up 1.3% YoY, while operating expenses fell to ₹24,146.32 crore from ₹25,189.19 crore, improving the operating margin by roughly 1%.
The MoU with Bharat Coking Coal Ltd to jointly develop the Indikatta Ramnagore and East of Damagoria blocks marks a strategic move to secure domestic coking coal supply. SAIL’s regulatory filing said the agreement will reduce the company’s import bill and support long‑term demand.
Chairman Ashok Kumar Panda told a press meet that SAIL is poised to harness manufacturing capabilities and drive further cost efficiencies amid global uncertainties. While no formal guidance was issued, analysts expect the firm to maintain its profitability trajectory.