India's SAIL drops as expenses drag quarterly profit

Steel Authority of India

30/10/2025 05:54

** Shares of Steel Authority of India (SAIL) SAIL.NS decline 2.8% to 136.63 rupees

** State-run steelmaker posted a 53% y/y dip in second-quarter consol net profit at 4.19 billion rupees

** Expenses rose ~10%, while revenue from operations grew 8%

** SAIL rated "hold" on avg by 23 analysts, same as bigger rival JSW Steel  JSTL.NS; Tata Steel TISC.NS is rated "buy" - data compiled by LSEG

** YTD, SAIL, JSTL and TISC up ~21%, 34% and ~33%, respectively

 (Reporting by Manvi Pant)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))