SAIL Q2 : STANDALONE NET PROFIT UP 315.6% AT ₹1,774 CR (YOY), UP 8.4% (QOQ). STRONG (ON 1ST LOOK)

• Revenue up 19.8% at ₹31,998 Cr (YOY), up 21.9% (QOQ). • Ebitda up 61.2% at ₹4,561 Cr (YOY), up 4.7% (QOQ); margins 14.3% v 10.6% (YOY), 16.6% (QOQ). • Sales volume up 5% at 5.16 Mt (YOY); crude steel production 4.85 Mt. • Caution: ₹216.70 Cr VRS compensation booked as exceptional item in H1 FY27; ₹198.14 Cr labour code impact in H1.

Steel Authority of India Ltd

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