S.A.L. Steel LimitedQuarter Ended 30-Jun-2026 Results & Financial Update

S.A.L. Steel Limited: Quarter Ended 30-Jun-2026 standalone results and company financials – revenue ₹87.37 Cr, PAT ₹3.09 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: SALSTEELPublished 28 Sep 2026Reported 14 Aug 2026Updated 5 Oct 2026~6 min read
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
Revenue from operations change-31.5%Year-on-year
Profit after tax₹3.09 CrReported Quarter Ended 30-Jun-2026
Sequential change+632.4%Quarter-on-quarter

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Quarterly Results AnalysisExplore S.A.L. Steel Quarter Ended 30-Jun-2026 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

During the first quarter of fiscal year 2027 (ended June 30, 2026), S.A.L. Steel reported revenue from operations of INR 87.37 crore, marking a robust sequential recovery from the previous quarter and a significant expansion compared to the same period in the prior year.

02

Total income for the quarter stood at INR 87.37 crore, showing a positive growth trajectory over the preceding quarter ended March 31, 2026.

03

Profit before tax (PBT) for the quarter was recorded at INR 4.53 crore, reflecting a notable turnaround compared to the preceding quarter's loss position and improved operational efficiency over the year-ago period.

04

Net profit after tax (PAT) for Q1 FY27 reached INR 3.09 crore, resulting in a basic and diluted earnings per share (EPS) of INR 0.21.

05

The operating cost structure for the quarter was dominated by raw material consumption of INR 65.86 crore, power and fuel costs of INR 7.37 crore, finance costs of INR 6.25 crore, and depreciation and amortisation expenses of INR 2.77 crore.

06

The company's board of directors met on August 14, 2026, to review and approve the unaudited standalone financial results for the quarter and also transacted corporate governance matters, including the appointment of an independent woman director.

01 · Business model

What does S.A.L. Steel do?

S.A.L. Steel Limited manufactures ferro alloys and sponge iron, which are key intermediate inputs utilized across the iron and steel industry.

The company operates its manufacturing facilities out of Village Bharapar in the Kutch-Bhuj district of Gujarat, India.

As part of its integrated manufacturing set-up, S.A.L. Steel operates an internal power plant dedicated to captive power generation to support its energy-intensive metallurgical operations.

The company conducts its business entirely within the domestic Indian territory, serving the domestic iron and steel value chain.

02 · Financial snapshot

Current quarter vs the two useful baselines

MetricQuarter Ended 30-Jun-2026Year-agoPrevious quarter
Revenue from operations₹87.37 Cr₹127.55 Cr₹11.93 Cr
Total income₹87.37 Cr₹127.68 Cr₹11.97 Cr
Profit before tax₹4.53 Cr₹-12.93 Cr₹-0.28 Cr
Profit after tax₹3.09 Cr₹-9.67 Cr₹-1.03 Cr
EPS₹0.21₹-1.14₹-0.07

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 3.5% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to 5.2% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

03 · Why it moved

Why the quarter looked the way it did

What drove revenue

Operational Topline Recovery

Revenue from operations improved significantly to INR 87.37 crore in Q1 FY27 compared to INR 11.93 crore in Q4 FY26, driven by higher operational output and dispatches of sponge iron and ferro alloys.

What drove margins

Raw Material Consumption

Cost of materials consumed formed the largest expense component at INR 65.86 crore for the quarter.

Power and Energy Expenses

Power cost and cost of power generation stood at INR 7.37 crore, reflecting the energy-intensive nature of ferro alloy and sponge iron manufacturing.

Financing and Servicing Costs

Finance costs for the quarter were recorded at INR 6.25 crore, representing a key overhead line item impacting profitability.

04 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Single Primary Segment

The company classifies Iron & Steel as its primary reportable business segment encompassing the manufacture of ferro alloys and sponge iron. In accordance with Ind AS 108 and taking into account ongoing market position and competitive dynamics, segment disclosures are presented on an integrated basis.

Geography and market mix

Domestic Indian Operations

The company operates entirely within the geographical boundaries of India, which is treated as the sole secondary reportable geographic segment.

05 · Capacity, projects & execution

What is being built, commissioned or delivered

Capacity, production and utilisation

Captive Power Plant

The company maintains an in-house power plant utilized exclusively for captive power generation to run its metallurgical manufacturing units.

06 · Reported developments

What changed operationally

Profitable Quarter Performance

S.A.L. Steel returned to profitability in Q1 FY27, posting a net profit of INR 3.09 crore and a PBT of INR 4.53 crore.

07 · Beyond the numbers

What changed beyond the numbers

Reported update

Board Appointment of Independent Director

The Board of Directors approved the appointment of Mrs. Monika Goyal as an Additional Director in the capacity of Non-Executive, Independent Woman Director for a consecutive term of 5 years effective August 14, 2026, subject to shareholder approval.

Reported update

Annual General Meeting Notice

The Board approved the Directors' Report for FY 2025-26 and scheduled the 23rd Annual General Meeting (AGM) to be held on September 25, 2026.

08 · Key Q&A

The quarter, answered directly

What does S.A.L. Steel do?

S.A.L. Steel Limited manufactures ferro alloys and sponge iron, which are key intermediate inputs utilized across the iron and steel industry.

What is the clearest takeaway from Quarter Ended 30-Jun-2026?

During the first quarter of fiscal year 2027 (ended June 30, 2026), S.A.L. Steel reported revenue from operations of INR 87.37 crore, marking a robust sequential recovery from the previous quarter and a significant expansion compared to the same period in the prior year.

What drove revenue or demand?

Revenue from operations improved significantly to INR 87.37 crore in Q1 FY27 compared to INR 11.93 crore in Q4 FY26, driven by higher operational output and dispatches of sponge iron and ferro alloys.

What mattered most for margins or profitability?

Cost of materials consumed formed the largest expense component at INR 65.86 crore for the quarter.

What changed operationally beyond the headline numbers?

The company maintains an in-house power plant utilized exclusively for captive power generation to run its metallurgical manufacturing units.

What should the next disclosure help confirm?

Monitor the proceedings and outcomes of the 23rd Annual General Meeting scheduled for September 25, 2026.

09 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

10 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    AGM Proceedings: Monitor the proceedings and outcomes of the 23rd Annual General Meeting scheduled for September 25, 2026.

Learn the metrics

Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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