Steel Authority Of India Limited · NSE:SAIL
Steel Authority Of India — Q2 and H1 FY26 Earnings Presentation
31 slides from Steel Authority Of India's earnings presentation, Oct 29, 2025
Slide 1: Steel Authority of India Limited Results Presentation Q2 and H1 FY'26
STEEL AUTHORITY OF INDIA LIMITED RESULTS PRESENTATION FOR Q2 and H1 FY’26
Slide 2: Snapshot H1 FY'26
SNAPSHOT H1 FY’26 Mining Iron Ore: 16.840 MT Limestone: 0.442 MT Dolomite: 0.286 MT Production Hot Metal: 10.031 MT Crude Steel: 9.503 MT Saleable Steel: 9.567 MT Sales & Marketing Domestic Sales: 9.280 MT Exports: 0.182 MT Total Sales: 9.462 MT Financials Turnover: Rs. 52254 crore Revenue From Oper
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 4.1 4.4 4.3 4.2 4.0 3.5 3.3 3.2 3.3 3.1 2.6 1.7 1.8 1.6 1.6 -2.0 Fighting Inflation, Slowdown in Projection remain lower than Advanced Economies and 2024 performance though -3.1 improvem
Slide 5: World Steel Scenario
WORLD STEEL SCENARIO Crude Steel Production (MT) World China RoW 1883 1963 1889 1904 1886 1394 1374 1065 1035 1018 1029 1005 927 871 875 881 819 769 746 626 628 2020 2021 2022 2023 2024 2024 (9M) 2025 (9M) Steel continued its march post 1st wave of covid with revival of economic activities and infra
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 220 Coal FOB Australia (USD/t) 115 Iron Ore CFR China (USD/t) 200 110 105 180 100 160 95 140 90 120 85 HCC PCI Lumps Fines Australia Origin Fines Brazil Origin 100 80 560 Hot Rolled (USD/t) 640 Cold Rolled (USD/t) 540 620 520 600 500 580 480 560 460 540 440 420 520 FOB Bla
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 Quarterly GDP 6.5 9.7 9.3 9.5 8.4 7.8 6.5 6.4 7.4 5.6 2020-21 2021-22 2022-23 2023-24 (FRE^) 2024-25 (SAE*) *FRE: First Revised Estimates Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 ^SAE: Second Advance Estimates FY24 F
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 Feb'23 Apr'23 Aug
Slide 11: Indian Steel Scenario
INDIAN STEEL SCENARIO Crude Steel Production (mtpa) 152.0 144.3 127.2 120.0 109.1 103.5 82.1 36.2 40.6 41.5 FY'20 FY'21 FY'22 FY'23 FY'24 FY'25 FY'26 (H1) Q2 FY'25 Q1 FY'26 Q2 FY'26 Finished Steel Consumption (mtpa) 152.0 136.3 119.9 100.2 105.8 94.9 78.9 37.2 38.3 40.5 FY'20 FY'21 FY'22 FY'23 FY'24
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 CRUDE STEEL PRODUCTION 9.5 4.8 4.9 4.6 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 (H1) Q2 FY25 Q1 FY26 Q2 FY26 Annual Quarterly 18.4 17.9 16.9 17.2 SALEABLE 15.1 14.6 STEEL 4.7 4.9 9.6 4.6 PRODUCTION FY 20 FY 21 FY 22 F
Slide 15: Production Performance: FY'25 Product Mix
PRODUCTION PERFORMANCE : FY’25 SAIL 15.1% PRODUCT MIX : 49.3% 5 ISPs 35.7% 21.4% 64.7% 13.8% BSP 55.7% 44.3% DSP Flats RSP 100.0% Longs Semis 88.9% 11.1% BSL 75.7% 24.3% ISP
Slide 16: Production Performance: FY'25 by Process
PRODUCTION PERFORMANCE : FY’25 1.5% 0.8% Ingot Route CC Route CRUDE STEEL BOF PRODUCTION EAF BY PROCESS 99.2% 98.5% SALEABLE STEEL 43.0% Commodity PRODUCTION BY PROCESS 57.0% Value Added
Slide 17: Techno-Economic Parameters
TECHNO-ECONOMIC PARAMETERS 457 Coke Rate: kg/thm CDI Rate: kg/thm 448 445 444 440 113 114 97 106 421 85 418 76 78 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 H1 FY FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 H1 FY 26 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 Quarterly 9.5 4.9 4.1 4.6 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 Q2 FY25 Q1 FY26 Q2 FY26 (H1) Sectoral Breakup 5 ISPs Sales - Product Mix Galvanized Semis Structurals Products Others 8.5% 9% Plant Sales 1% 0% 2.2%
Slide 19: Financial Performance
STEEL AUTHORITY OF INDIA LIMITED Financial Performance
Slide 20: Financial Performance
FINANCIAL PERFORMANCE Rs. Crore H1 FY 25 H1 FY 26 Q2 FY 25 Q1 FY 26 Q2 FY 26 (INDAS Compliant figures) Sales Turnover 48262 52254 24498 25731 26524 Total Income 49142 53089 24944 26082 27007 EBITDA 5593 5754 3174 2925 2829 Depreciation 2706 2894 1304 1441 1453 Finance Cost 1449 1079 758 691 484 PBT
Slide 21: Financial Performance: Profitability Trend
FINANCIAL PERFORMANCE Profitability Trend 22364 (Rs. crore) EBITDA PBT PAT 16039 13740 12015 12280 11764 11184 9379 6879 5754 3850 3688 3171 2637 1903 2733 3009 2022 2148 1443 1112 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 (H1) 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 Profitability Trend EBITDA PBT PAT 5593 (Rs. crore) 5754 1443 1127 1112 844 FY 25 (H1) FY 26 (H1) EBITDA Movement (Rs. crore) 2313 1279 1369 475 1462 125 5593 5754 EBITDA H1 FY 25 Volume/Mix Raw Material Input Price/Cost Sales Price/NSR Rail Price Others EBITDA H1 FY 26 Usage A
Slide 23: Financial Performance: Quarterly Performance
FINANCIAL PERFORMANCE Quarterly Performance 3174 (Rs. crore) EBITDA 2925 2829 PBT PAT 1113 834 890 685 553 427 Q2 FY 25 Q1 FY 26 Q2 FY 26 EBITDA Quarterly Movement (Rs. crore) 2995 226 199 266 162 792 1441 159 286 458 1621 106 2925 2829 3174 2829
Slide 24: Financial Performance: Borrowings and Net Worth
FINANCIAL PERFORMANCE Borrowings (Non Ind AS) Net Worth 35350 54131 55656 56224 55973 52017 52139 30593 29811 28741 43495 25662 26427 13386 Mar'21 Mar'22 Mar'23 Mar'24 Mar'25 Jun'25 Sept'25 Mar'21 Mar'22 Mar'23 Mar'24 Mar'25 Jun'25 Sept'25 Quarterly Interest Debt-equity (times) 0.81 (Non Ind AS) 758
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 H1 FY26 FY 22 FY 23 FY 24 FY 25 H1 FY26 Solid Waste Utilisation (%) Specific Water Consumption: m3/tcs 114 3.12 107 103 3.06 102 3.02 3.00 95 2.90 FY
Slide 27: Touching Lives
TOUCHING LIVES…. Key Activites Basic and specialised healthcare to more than a million lives annually. 3% 7% 2% 26% Drinking Water facility to more than 50 lakh people. 9% 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 629 615 579 521 643 620 607 461 400 396 FY20 FY21 FY22 FY23 FY24 FY25 FY26 H1 Q2 FY 25 Q1 FY 26 Q2 FY 26 MANPOWER Particulars 01.04.2025 01.07.2025 01.10.2025 Manpower on date 53159 52142 51351 Reduction during the quarter 1017 791 Reducti
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 — Q2 and H1 FY26 Earnings Presentation on 6ix