Steel Authority of India Limited Reports on Q1 FY'27 Performance Amid Global Market Shifts

Steel Authority of India Limited Reports on Q1 FY'27 Performance Amid Global Market Shifts​

Steel Authority of India Limited (SAIL) has released its financial and operational results for the first quarter of Fiscal Year 2027 (Q1 FY'27). The company’s performance is reported against a backdrop of evolving global economic trends and domestic industry growth.

Global Economic and Steel Scenario​

The International Monetary Fund (IMF), in its World Economic Outlook released during July '26, has revised global projections for 2027 upwards, noting significant improvement in forecasts for Emerging and Developing Economies, even though estimates for Advanced Economies remain lower. The prevailing scenario in the Middle East remains a major factor impacting current year 2026 projections.

Regarding world steel production, the industry has seen a consistent decline each year since 2023, which registered only marginal growth. In the first five months of the current year, production fell by 1.5% compared to the Corresponding Period Last Year (CPLY). China continues to dominate global production, maintaining a share consistently above 50%, with its production standing at approximately 53.7% of global production during Jan-May CY'26. Although Chinese production declined by 3.8% over CPLY, several other major producers showed growth. Vietnam (26.8%), Germany (8.8%), India (7.7%), Turkey (6.8%), USA (6.8%), and South Korea (2.7%) all registered positive growth during the Jan-May CY'26 period compared to CPLY. Conversely, Russia (10.0%), Brazil (1.9%), and Japan (0.7%) showed negative growth during this time frame.

Indian Economic Outlook​

The outlook for the Indian economy shows diverse projections from major financial agencies. COVID-19 Pandemic led to India's GDP sliding into a negative figure of -5.8% in FY'21. The Second Advance Estimates for FY'25 are at 6.5%, which is lower than earlier projections, while First Advance Estimates for FY'26 stand at 7.4%. Major agencies project future growth rates to be within the range of 6.4% to 7.2%, suggesting India remains among the fastest-growing major economies.

Key growth projections are summarized below:


In terms of industrial performance, the Index of Industrial Production (IIP) showed improvements in five out of six categories during the first two months of FY2026-27 compared to FY2024-25. This growth was primarily driven by Infrastructure Goods and Capital Goods. Consumer Non-durable and Primary Goods, however, registered only marginal growth over the previous year.

Operational and Financial Performance​

The production data for Q1 FY'27 indicates that crude steel production in India grew by 3% over CPLY, while consumption increased by approximately 8% during the same period.

In terms of operational parameters, key figures for Fiscal Year 2027 include:

• Saleable Steel Production: 98.6%
• Coke Rate: 1.80 kg/thm
• Specific Energy Consumption: 6.26 GCal/tcs
• CDI Rate: 1.88 kg/thm
• BF Productivity: 76 T/m3/Day

The company’s financial performance for Q1 FY'27 saw Sales Turnover stand at 26,010 units, and Total Income reach 26,449 units. EBITDA was recorded at 4,356 units, while Profit After Tax (PAT) was 1,636 units.

Financial performance across the tracked periods is presented below:


The company's Borrowings (Non Ind AS) stood at 493 units.

SAIL Stock Price Movement​

Shares of Steel Authority of India Limited are edging higher to ₹163.17 as of 1:31 PM today, gaining 1.07% in live trading. The stock has seen substantial activity during the session, with over 10.67 million shares traded so far.