S A I L
S A I L Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management said on revenue, margins and capex.
Guidance rank: #8 of 9 in Ferrous Metals
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S A I L Q1 FY27 key numbers
- Revenue
- Planned increase in subgrade ore fines sales: targeting 3 million tonnes in FY27, doubling sales from Odisha mines along with new sales from Chhattisgarh and efforts from Jharkhand.
As stated in S A I L's Q1 FY27 earnings call transcript · published 25 Aug 2026. Reported figures, not investment advice.
The short version
Steel demand is expected to continue prospering with hopeful maintenance of price momentum post-monsoons (Page 18). SAIL expects volume growth for the full year '26-'27 compared to '25-'26 despite a slight Q1 dip due to advanced capital repairs.
From S A I L's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- Steel demand is expected to continue prospering with hopeful maintenance of price momentum post-monsoons (Page 18).
- Planned increase in subgrade ore fines sales: targeting 3 million tonnes in FY27, doubling sales from Odisha mines along with new sales from Chhattisgarh and efforts from Jharkhand (Page 15, 14, 7).
- Company committed to increasing sales volume, including inventory liquidation, despite Q1 production impacted by capital repairs; focusing on reducing working capital borrowings (Page 4).
- Efforts to enhance captive mine production and ancillary ore sales to boost turnover and profitability (Page 7).
2 more points from S A I L's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- FY27 Capex target is INR 15,000 crores, with INR 2,575 crores already spent in Q1.
- Capex is expected to increase over the next 2-3 years:
- FY28 estimated at over INR 20,000 crores
- FY29 and beyond around INR 25,000-26,000 crores.
- Major new facility: Expansion at IISCO steel plant expected by '28-'29, which will significantly reduce variable costs by INR 3,000-4,000 per tonne due to fuel and coke rate savings.
2 more points from S A I L's call on capex
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Top-ranked in Ferrous Metals
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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What the Q1 FY27 call signalled
2 of 3 strong
S A I L — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹32.0K Cr, net profit ₹1.8K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Steel Authority of India Ltd's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
Others in Ferrous Metals this season
- Chaman Metallics (Q1 FY27)
Revenue for FY 2025-26: ₹541.26 Cr, up from ₹172.18 Cr in FY 2024-25, indicating a growth of approximately 215% YoY (Page 16, 13). Key investor presentation tak
- Vedanta Iron & Steel (Q1 FY27)
₹3,612 crore in Q1 FY27, up 18% YoY (Page 3, 26, 29) . Key concall takeaways from Vedanta Iron & Steel Ltd's Q1 FY27 earnings call — and how it ranks against…
- Sandur Manganese (Q1 FY27)
Q1FY27 Standalone Revenue: ₹554 crore (27% YoY growth) . Key concall takeaways from Sandur Manganese & Iron Ores Ltd's Q1 FY27 earnings call — and how it ranks…
- Tata Steel (Q1 FY27)
Return on invested capital in India is strong at ~27%, indicating healthy profitability prospects. Key concall takeaways from Tata Steel Ltd's Q1 FY27 earnings…
Potential multibaggers · Q2 FY27
Potential multibaggers in Ferrous Metals
on management's own guidance
- Jindal SteelGood growth2
- Strong growth1
- Indian MetalsGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were S A I L Q1 FY27 results?
Steel demand is expected to continue prospering with hopeful maintenance of price momentum post-monsoons (Page 18). SAIL expects volume growth for the full year '26-'27 compared to '25-'26 despite a slight Q1 dip due to advanced capital repairs.
What is S A I L share price analysis?
S A I L currently shows a below-average growth signal. The stock trades at a P/E of 14.8 with a market cap of ₹71,648 Cr. Investors should review the full earnings analysis for detailed insights.
Is S A I L planning capital expenditure?
FY27 Capex target is INR 15,000 crores, with INR 2,575 crores already spent in Q1.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.