Steel Authority Of India Limited · NSE:SAIL
Steel Authority Of India — Q3 FY2026 Earnings Presentation
31 slides from Steel Authority Of India's earnings presentation, Jan 30, 2026
Slide 1: Results Presentation for Q3 and 9M FY'26
STEEL AUTHORITY OF INDIA LIMITED RESULTS PRESENTATION FOR Q3 and 9M FY’26
Slide 2: Snapshot 9M FY'26
SNAPSHOT 9M FY’26 Mining Iron Ore: 25.925 MT Limestone: 0.648 MT Dolomite: 0.437 MT Production Hot Metal: 15.143 MT Crude Steel: 14.350 MT Saleable Steel: 14.241 MT Sales & Marketing Domestic Sales: 14.384 MT Exports: 0.226 MT Total Sales: 14.610 MT Financials Turnover: Rs. 79425 crore Revenue From
Slide 3: Global Economic & Steel Scenario
STEEL AUTHORITY OF INDIA LIMITED Global Economic & Steel Scenario
Slide 4: World Economic Scenario
WORLD ECONOMIC SCENARIO Growth Rates ( in %) World Advanced Economies Emerging & Developing Economies 6.6 6.0 5.2 4.4 4.3 4.4 4.2 4.1 4.1 3.5 3.3 3.3 3.3 3.3 3.2 2.6 1.7 1.8 1.7 1.8 1.7 Fighting Inflation, Slowdown in Projections remain lower than -2.0 Advanced Economies and 2025 performance though
Slide 5: World Steel Scenario
WORLD STEEL SCENARIO Crude Steel Production (MT) World China RoW 1963 1904 1883 1889 1887 1849 1065 1035 1018 1029 1005 961 927 871 875 882 889 819 2020 2021 2022 2023 2024 2025 Steel continued its march post 1st wave of covid with revival of economic activities and infra-spendings globally. However
Slide 6: World Steel Scenario: Apparent Steel Consumption
WORLD STEEL SCENARIO Apparent Steel Consumption (MT) 1788 1839 1783 1767 1772 1751 2020 2021 2022 2023 2024(F) 2025(F) WSA in its Short Range Outlook for Oct’24 has projected a positive growth in demand during 2025. Short Range Outlook, Oct’24: • Global steel demand is expected to decrease by 0.9% i
Slide 7: International Price Trends
INTERNATIONAL PRICE TRENDS 240 Coal FOB Australia (USD/t) 120 Iron Ore CFR China (USD/t) 220 115 200 110 105 180 100 160 95 140 90 120 HCC PCI 85 Lumps Fines Australia Origin Fines Brazil Origin 100 80 520 Hot Rolled (USD/t) 590 Cold Rolled (USD/t) 580 500 570 480 560 550 460 540 440 530 520 420 FOB
Slide 8: Domestic Economic & Steel Scenario
STEEL AUTHORITY OF INDIA LIMITED Domestic Economic & Steel Scenario
Slide 9: Indian Economic Scenario
INDIAN ECONOMIC SCENARIO GDP Growth % at Constant (2011-12) Prices SOURCE: MOSPI, GOI 9.7 9.2 7.6 7.4 Quarterly GDP 6.5 8.2 7.4 7.8 6.5 6.4 5.6 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 (SAE*) (FAE^) *SAE: Second Advance Estimates ^FAE: First Advance Estimates Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q
Slide 10: Indian Economic Scenario: IIP Growth
INDIAN ECONOMIC SCENARIO SOURCE: MOSPI, GOI 250.0 IIP Growth % at Constant (2011-12) Prices 200.0 150.0 100.0 Primary Goods Capital Goods 50.0 Intermediate Goods Infrastructure Goods Consumer Durables Consumer Non-Durables 0.0 Apr'20 Aug'20 Feb'21 Apr'21 Aug'21 Feb'22 Apr'22 Aug'22 Aug'23 Feb'24 Apr
Slide 11: Indian Steel Scenario
INDIAN STEEL SCENARIO Crude Steel Production (mtpa) 152.0 144.3 127.2 123.9 120.0 109.1 103.5 39.3 41.5 41.8 FY'20 FY'21 FY'22 FY'23 FY'24 FY'25 FY'26 (9M) Q3 FY'25 Q2 FY'26 Q3 FY'26 Finished Steel Consumption (mtpa) 152.0 136.3 119.9 119.3 100.2 105.8 94.9 38.8 40.5 40.4 FY'20 FY'21 FY'22 FY'23 FY'
Slide 12: Domestic Price Trend
DOMESTIC PRICE TREND 12 50 All figures in Rs. thousand/tonne Fines/Lumps/Pellets Semis/Ingot Thousands Thousands 48 10 46 8 44 42 6 40 38 4 36 Lumps 63% Fe, Odisha Index Fines 63% Fe, Odisha Index 34 2 Billets Ex-Raipur Ingot DAP-Mandi Pellets 63% Fe, Exw-Raipur 32 0 30 65 Flats 65 Longs Thousands T
Slide 13: Operational Performance
STEEL AUTHORITY OF INDIA LIMITED Operational Performance
Slide 14: Production Performance
PRODUCTION PERFORMANCE All figures In Million Tonne 19.2 19.2 18.3 17.4 16.2 15.2 14.4 CRUDE STEEL PRODUCTION 4.6 4.6 4.8 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 (9M) Q3 FY25 Q2 FY26 Q3 FY26 Annual Quarterly 18.4 17.9 16.9 17.2 SALEABLE 15.1 14.6 14.2 STEEL 4.9 4.7 4.4 PRODUCTION FY 20 FY 21 FY 22
Slide 15: Production Performance: 9M FY'26
PRODUCTION PERFORMANCE : 9M FY’26 SAIL 14.0% PRODUCT MIX : 50.4% 5 ISPs 35.6% 22.5% 65.5% 12.0% BSP 55.6% 44.4% DSP Flats RSP 100.0% Longs Semis 91.7% 8.3% BSL 74.3% 25.7% ISP
Slide 16: Production Performance: FY'25
PRODUCTION PERFORMANCE : FY’25 1.5% 0.7% Ingot Route CC Route CRUDE STEEL BOF PRODUCTION EAF BY PROCESS 99.3% 98.5% SALEABLE STEEL 43.8% Commodity PRODUCTION BY PROCESS 56.2% Value Added
Slide 17: Techno-Economic Parameters
TECHNO-ECONOMIC PARAMETERS Coke Rate: kg/thm CDI Rate: kg/thm 457 448 445 444 113 113 440 97 106 85 76 78 421 419 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 9M FY FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 9M 26 FY 26 Specific Energy Consumption: GCal/tcs BF Productivity: T/m3/Day 6.47 6.48 6.36 6.35 6.30 6.26 2.
Slide 18: Sales Performance
SALES PERFORMANCE Annual All figures In Million Tonne 17.9 17.0 16.2 16.2 14.2 14.9 14.6 Quarterly 5.1 4.4 4.9 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 9M FY Q3 FY25 Q2 FY26 Q3 FY26 26 Sectoral Breakup 5 ISPs Sales - Product Mix Semis Structurals Galvanized 9.8% 8.3% Plant Sales Products Others 1.3% 0.2%
Slide 19: Financial Performance
STEEL AUTHORITY OF INDIA LIMITED Financial Performance
Slide 20: Financial Performance
FINANCIAL PERFORMANCE Rs. Crore 9M FY 25 9M FY 26 Q3 FY 25 Q2 FY 26 Q3 FY 26 (INDAS Compliant figures) Sales Turnover 72595 79425 24333 26524 27170 Total Income 73996 80792 24854 27007 27703 EBITDA 7983 8384 2389 2829 2630 Depreciation 4126 4409 1420 1453 1515 Finance Cost 2128 1626 679 484 547 PBT
Slide 21: Financial Performance: Profitability Trend
FINANCIAL PERFORMANCE Profitability Trend 22364 (Rs. crore) EBITDA PBT PAT 16039 13740 12015 12280 11764 11184 9379 8384 6879 3850 3688 3171 2637 1903 2733 3009 2022 2148 2010 1554 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 (9M) EBITDA Margin (%) EBITDA/ton (Rs.) 21.8 13846 20.1 18.4 9199 11.7 11.6 7
Slide 22: Financial Performance: EBITDA Movement
FINANCIAL PERFORMANCE 7983 Profitability Trend 8384 EBITDA PBT PAT (Rs. crore) 2010 1445 1554 970 FY 25 (9M) FY 26 (9M) EBITDA Movement 3847 (Rs. crore) 1436 3348 33 108 1459 7983 8384 EBITDA 9M FY 25 Volume Raw Material Input Price/Cost Sales Price/NSR Rail Price Others EBITDA 9M FY 26 Usage Adjust
Slide 23: Financial Performance: Quarterly Performance
FINANCIAL PERFORMANCE Quarterly Performance (Rs. crore) 2829 EBITDA 2630 2389 PBT PAT 553 568 427 442 318 126 Q3 FY 25 Q2 FY 26 Q3 FY 26 EBITDA Quarterly Movement (Rs. crore) 855 483 51 96 240 63 246 418 70 1014 2829 2630 2389 2630 EBITDA Q3 Volume Raw Input Sales Others EBITDA Q3 EBITDA Volume Raw
Slide 24: Financial Performance: Borrowings and Net Worth
FINANCIAL PERFORMANCE Borrowings (Non Ind AS) Net Worth 56224 55973 56236 30593 55656 29811 28741 54131 26427 24852 Mar'24 Mar'25 Jun'25 Sept'25 Dec'25 Mar'24 Mar'25 Jun'25 Sept'25 Dec'25 Quarterly Interest Debt-equity (times) 679 0.57 (Non Ind AS) 664 0.54 595 0.51 547 0.47 484 0.44 Dec'24 Mar'25 J
Slide 25: Sustainable Operations
STEEL AUTHORITY OF INDIA LIMITED Sustainable Operations
Slide 26: Sustenance Parameters
SUSTENANCE PARAMETERS PM Emission Load: kg/tcs Specific CO2 Emission: T/tcs 0.59 0.58 0.58 2.62 0.57 0.56 2.55 2.54 2.51 2.50 FY 22 FY 23 FY 24 FY 25 9M FY26 FY 22 FY 23 FY 24 FY 25 9M FY26 Solid Waste Utilisation (%) Specific Water Consumption: m3/tcs 117 3.12 102 103 107 95 3.06 3.02 3.00 2.88 FY
Slide 27: Touching Lives
TOUCHING LIVES…. Key Activites Basic and specialised healthcare to more than a million lives annually. 7% 3% 2% 26% Drinking Water facility to more than 50 lakh people. 8% More than 80 lakh people connected to mainstream by Total CSR construction of roads spends since 11% Quality education to almost
Slide 28: Human Resource
STEEL AUTHORITY OF INDIA LIMITED Human Resource
Slide 29: Manpower
MANPOWER LABOUR PRODUCTIVITY (tcs/man/year) QUARTERLY ANNUAL 624 615 579 521 620 608 592 461 400 396 FY20 FY21 FY22 FY23 FY24 FY25 FY26 9M Q3 FY 25 Q2 FY 26 Q3 FY 26 MANPOWER Particulars 01.04.2025 01.10.2025 01.01.2026 Manpower on date 53159 51351 50612 Reduction during the quarter 791 739 Reductio
Slide 30: Abbreviations used
Abbreviations used • BF Blast Furnace • FOB Freight On Board • SMS Steel Melting Shop • JPC Joint Plant Committee • BOF Basic Oxygen Furnace • Kg/thm Kilo Gram Per Tonne of • THF Twin Hearth Furnace Hot Metal • EAF Electric Arc Furnace • Tpd Tonnes Per Day • BSP Bhilai Steel Plant • MT Million Tonne
Slide 31: Disclaimer
Disclaimer Statements / Data which do not relate to SAIL and are used / made in this presentation are from sources which are considered reliable and Company cannot be held for its authenticity. Further, statements describing the Company’s projections, estimates, expectations are “forward looking sta
Steel Authority of India — Q3 FY2026 Earnings Presentation on 6ix