Steel Authority of India Limited · NSE:SAIL

Steel Authority of India — Q2 FY27 Earnings Presentation

26 slides from Steel Authority of India's earnings presentation, Oct 27, 2026

  1. Slide 1: Results Presentation for Q2 and H1 FY'27

    STEEL AUTHORITY OF INDIA LIMITED RESULTS PRESENTATION FOR Q2 and H1 FY’27

  2. Slide 2: Snapshot H1 FY'27

    SNAPSHOT H1 FY’27 Mining Iron Ore: 19.547 MT Limestone: 0.534 MT Dolomite: 0.241 MT Production Hot Metal: 10.203 MT Crude Steel: 9.605 MT Saleable Steel: 8.390 MT Sales & Marketing Domestic Sales: 9.180 MT Exports: 0.146 MT Total Sales: 9.326 MT Financials Turnover: Rs. 57776 crore Revenue From Oper

  3. Slide 3: Economic Scenario

    STEEL AUTHORITY OF INDIA LIMITED Economic Scenario

  4. 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 4.5 4.4 4.1 3.5 3.5 3.7 3.3 3.3 3.4 3.1 2.6 2.0 2.1 1.7 1.8 1.8 Fighting Inflation, Slowdown in Projections remain lower than -2.0 Advanced Economies and 2025 performance though

  5. Slide 5: Indian Economic Scenario

    INDIAN ECONOMIC SCENARIO GDP Growth % (2022-23 series) SOURCE: MOSPI, GOI Constant Prices Current Prices Quarterly GDP 11.0 9.7 8.9 7.3 7.2 7.8 10.5 11.3 11.1 11.3 10.4 9.7 10.3 9.0 8.5 8.4 8.7 9.2 8.1 8.1 8.6 7.8 7.5 7.7 7.4 7.5 7.3 7.4 6.9 7.7 6.6 6.6 2023-24 2024-25 (FRE*) 2025-26 (SAE^) Q1 Q2 Q3

  6. Slide 6: Indian Economic Scenario

    INDIAN ECONOMIC SCENARIO 180.0 IIP Growth % at Constant (2022-23) Prices 170.0 160.0 150.0 140.0 130.0 120.0 110.0 100.0 Primary Goods Capital Goods 90.0 Intermediate Goods Infrastructure Goods Consumer Durables Consumer Non-Durables 80.0 Apr'23 Aug'23 Nov'23 Apr'24 Aug'24 Apr'25 Aug'25 Apr'26 Aug'2

  7. Slide 7: Steel Scenario

    STEEL AUTHORITY OF INDIA LIMITED Steel Scenario

  8. Slide 8: World Steel Scenario

    WORLD STEEL SCENARIO Crude Steel Production (MT) World China RoW 1963 1904 1883 1889 1887 1850 1234 1225 1065 1035 1018 1029 1005 961 927 871 875 882 889 819 673 652 561 573 2020 2021 2022 2023 2024 2025 Jan-Aug 2025 Jan-Aug 2026 Steel Production as been coming down every year barring 2023 where mar

  9. Slide 9: World Steel Scenario

    WORLD STEEL SCENARIO Apparent Steel Consumption (MT) 1788 1839 1783 1767 1751 1724 1722 1752 2020 2021 2022 2023 2024 2025 2026(F) 2027(F) As per the Short Range Outlook by WSA in Oct’26, the decline in the consumption continues with projection as the demand is expected to further contract through m

  10. Slide 10: International Price Trends

    INTERNATIONAL PRICE TRENDS 280 Coal FOB Australia (USD/t) 125 Iron Ore CFR China (USD/t) 260 120 240 115 220 110 200 105 180 100 160 95 140 90 Lumps Fines Australia Origin Fines Brazil Origin 120 HCC PCI 85 100 80 560 Hot Rolled (USD/t) 640 Cold Rolled (USD/t) 540 620 520 600 500 580 480 560 460 540

  11. Slide 11: Indian Steel Scenario

    INDIAN STEEL SCENARIO Crude Steel Production (mtpa) 169.2 152.2 144.3 120.0 127.2 109.1 103.5 82.7 85.1 40.8 42.1 43.0 FY'20 FY'21 FY'22 FY'23 FY'24 FY'25 FY'26 FY'26 FY'27 Q2 FY'26 Q1 FY'27 Q2 FY'27 (H1) (H1) Finished Steel Consumption (mtpa) 164.2 152.1 136.3 119.9 100.2 105.8 94.9 79.0 84.9 40.6

  12. Slide 12: Domestic Price Trend

    DOMESTIC PRICE TREND 50 All figures in Rs. thousand/tonne Fines/Lumps/Pellets Semis/Ingot Thousands Thousands 14 48 12 46 10 44 42 8 40 6 38 36 4 Lumps 63% Fe, Odisha Index Fines 63% Fe, Odisha Index 34 2 Pellets 63% Fe, Exw-Raipur Billets Ex-Raipur Ingot DAP-Mandi 32 0 30 80 Flats 70 Longs Thousand

  13. Slide 13: Operational Performance

    STEEL AUTHORITY OF INDIA LIMITED Operational Performance

  14. Slide 14: Production Performance

    PRODUCTION PERFORMANCE All figures In Million Tonne 19.2 19.2 19.4 18.3 CRUDE STEEL PRODUCTION 9.5 9.6 4.8 4.8 4.7 Q2 FY'26 Q1 FY'27 Q2 FY'27 FY 23 FY 24 FY 25 FY 26 FY 26 (H1) FY 27 (H1) Annual Quarterly 19.2 18.4 17.9 17.2 SALEABLE STEEL 9.6 9.4 PRODUCTION 4.9 4.5 4.9 Q2 FY'26 Q1 FY'27 Q2 FY'27 FY

  15. Slide 15: Production Performance: H1 FY'27

    PRODUCTION PERFORMANCE : H1 FY’27 SAIL 12.8% PRODUCT MIX : 52.4% 34.8% 5 ISPs 25.2% 64.2% 10.7% BSP 55.9% 44.1% DSP Flats RSP 100.0% Longs Semis 91.6% 8.4% BSL 77.0% 23.0% ISP

  16. Slide 16: Production Performance: H1 FY'27

    PRODUCTION PERFORMANCE : H1 FY’27 1.3% 0.7% Ingot Route CC Route CRUDE STEEL BOF PRODUCTION EAF BY PROCESS 99.3% 98.7% SALEABLE STEEL 44.2% Value Added PRODUCTION BY PROCESS 55.8% Commodity

  17. Slide 17: Techno-Economic Parameters: H1 FY27

    TECHNO-ECONOMIC PARAMETERS: H1 FY 27 Coke Rate: kg/thm CDI Rate: kg/thm 444 440 113 113 106 110 97 424 421 419 FY 23 FY 24 FY 25 FY 26 FY 27 H1 FY 23 FY 24 FY 25 FY 26 FY 27 H1 Specific Energy Consumption: GCal/tcs BF Productivity: T/m3/Day 6.35 6.30 6.26 6.22 6.18 2.09 2.05 2.02 1.84 1.88 FY 23 FY

  18. Slide 18: Sales Performance

    SALES PERFORMANCE All figures In Million Tonne Annual Quarterly 19.9 17.9 17.0 16.2 9.5 9.3 4.9 5.2 4.2 Q2 FY'26 Q1 FY'27 Q2 FY'27 FY 23 FY 24 FY 25 FY 26 FY 26 H1 FY 27 H1 Semis Others Structurals Galvanized Products 7.0% 0.2% 8.3% 1.2% Bars & Rods CR Coils/Sheets 22.2% 6.2% 5 ISPs Sales - Product

  19. Slide 19: Financial Performance

    STEEL AUTHORITY OF INDIA LIMITED Financial Performance

  20. Slide 20: Financial Performance

    FINANCIAL PERFORMANCE Rs. Crore H1 FY’26 H1 FY’27 Q2 FY’26 Q1 FY’27 Q2 FY’27 (INDAS Compliant figures) Sales Turnover 52254 57776 26524 26010 31766 Total Income 53089 58788 27007 26449 32339 EBITDA 5754 8917 2829 4356 4561 Depreciation 2894 3168 1453 1560 1609 Finance Cost 1079 1016 484 493 523 PBT

  21. Slide 21: Financial Performance: Profitability Trend

    FINANCIAL PERFORMANCE Rs. crore Profitability Trend EBITDA PBT PAT 13146 12280 11764 9379 8917 5754 4334 3233 4515 3688 3410 2637 2733 3009 1903 2148 1443 1112 FY 23 FY 24 FY 25 FY 26 H1 FY 26 H1 FY 27 EBITDA Margin (%) EBITDA/ton (Rs.) 15.4 9561 11.7 11.6 7213 6574 9.0 12.0 5791 6595 FY 23 FY 24 FY

  22. Slide 22: Financial Performance: H1 FY27

    FINANCIAL PERFORMANCE: H1 FY 27 All figures in Rs. crore 8917 EBITDA PBT PAT 5754 4515 3410 1443 1112 FY 26 (H1) FY 27 (H1) EBITDA Movement 382 6343 265 902 482 117 8917 5754 4365 EBITDA H1 FY 26 Volume Raw Material Input Price/Cost Sales Price/NSR Rail Price Sale of Iron Ore Others EBITDA H1 FY 27

  23. Slide 23: Financial Performance: Q2 FY27

    FINANCIAL PERFORMANCE: Q2 FY 27 4561 4356 All figures in Rs. crore EBITDA PBT 2829 PAT 2356 2159 1774 1636 553 427 Q2 FY 26 Q1 FY 27 Q2 FY 27 EBITDA Movement 101 1344 118 4121 131 295 51 658 213 694 335 4561 4356 4561 2829 2486

  24. Slide 24: Financial Performance

    FINANCIAL PERFORMANCE Borrowings (Non IndAS) Net Worth 29811 60329 59720 28741 58195 26427 56224 56236 55656 55973 24852 21729 21663 20583 Mar'25 Jun'25 Sept'25 Dec'25 Mar'26 Jun'26 Sept'26 Mar'25 Jun'25 Sept'25 Dec'25 Mar'26 Jun'26 Sept'26 Quarterly Interest Debt-equity (times) 0.54 (Non IndAS) 664

  25. Slide 25: 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

  26. Slide 26: 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 FY27 Earnings Presentation on 6ix