Steel Authority of India Limited — Q1FY27 earnings call summary

Filed 01 August 2026 · Official transcript

Q1 FY27 crude steel production 4.8 mn tonnes (-2% y-y); sales volume down 7-8%
Imported coal cost Q1 INR21,300/tonne; expected to reduce INR1,000-2,000 monthly in Q2
Capex target INR15,000 Cr for FY27; expected to rise to INR20,000-26,000 Cr over next 3-5 years
Cost reduction initiatives targeting INR2,000-3,000/tonne savings in FY27; INR2,000 net savings by FY29
Subgrade ore sales target 3 mn tonnes in FY27; iron ore sales Q1 INR574 Cr (+INR400 Cr y-y), EBITDA INR150 Cr
NSR Q1 INR57,100/tonne; Q2 NSR expected down INR1,000-2,000 due to monsoon
Wage revision provision to be evaluated in Q4 FY27
Debt stable at ~INR21,700 Cr; debt-equity ratio improved to 0.36; finance cost down to 6.24%