Q2 2026 Steel Authority of India Ltd Earnings Call Transcript
Key Points
- Steel Authority Of India Ltd (BOM:500113) reported a significant increase in sales volume, growing by 17% to 9.46 million tonnes compared to the previous year.
- The company successfully reduced its borrowings by over INR 3,000 crores during H1 2025-2026, leading to a decrease in interest burden.
- Revenue from operations increased by 8% to INR 52,625 crores, and profit after tax rose by 32% over the same period last year.
- The company is focusing on reducing inventory and increasing sales volumes, which is expected to improve cash flow and reduce working capital needs.
- Steel Authority Of India Ltd (BOM:500113) is committed to sustainable performance, including decarbonization and improving capacity utilization.
- The global steel industry is facing challenges due to adverse demand-supply situations, impacting pricing and market dynamics.
- Despite robust domestic demand, the Indian steel market is experiencing oversupply, leading to pressure on prices.
- The depreciation of the rupee against the US dollar has negatively impacted the company's bottom line.
- Coking coal prices are expected to remain high, potentially affecting margins in the upcoming quarters.
- Operational issues, such as capital repairs and production disruptions at the Bokaro plant, have impacted the company's operating profit margin.
Ladies and gentlemen, good day, and welcome to Steel Authority of India Limited Q2 FY 2026 post-results conference call hosted by Nuvama Institutional Equities. (Operator Instructions). Please note that this conference is being recorded.
I now hand the conference over to Mr. Ashish Kejriwal. Thank you, and over to you, Mr. Kejriwal.
Thank you, Andrew. Good morning, everyone. On behalf of Nuvama Institutional Equities, we again welcome you all for Q2 FY 2026 post-results concall of Steel Authority of India. We are pleased to host Dr. Ashok Panda, Director Finance, along with his team for this call.
Now I would request Mr. Panda to have an opening remark, and then we can open the floor over to you, sir.
Thank you very much. A very good morning, everyone. I welcome all our investors and analysts who are joining this results concall for the financial
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
