Indian steelmaker SAIL gains on Q1 profit jump

Steel Authority of India

27/07/2026 06:34

** Shares of Steel Authority of India SAIL.NS climb 2% to 164.66 rupees
** India's top state-run steelmaker's Q1 profit more than doubles to 16.36 billion rupees ($170 million), revenue grows 1.3% Y/Y
** Profit helped by inventory gain worth 22.50 bln rupees, with higher domestic steel pricing boosting margins
** Avg rating of 28 analysts on SAIL at "sell"; median PT is 170 rupees - LSEG compiled data
** YTD, stock up ~12%, same as metals index's .NIFTYMET climb


($1 = 96.2225 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))