Steel Authority of India Limited — Q2FY27 earnings call summary

Filed 31 October 2026 · Official transcript

Q2 FY27 crude steel production 4.85 mn tons (+4% y-y), sales volume 5.2 mn tons (+24% q-q)
FY27 sales volume guidance revised to ~21 mn tons; RINL volumes included (~0.5 mn tons/year)
Capex guidance INR15,000 Cr for FY27, rising to >INR20,000 Cr in FY28; INR1.2 tn planned over 4 years
Imported coking coal cost Q3 expected ~INR23,800/ton, higher than Q2 INR22,930/ton
Debt reduced to INR20,583 Cr at Q2 end; cost of borrowings 6.34%, expected to rise with repo hikes
H1 FY27 crude steel 9.6 mn tons, sales 9.33 mn tons; EBITDA INR8,917 Cr (+55% y-y), PAT INR3,410 Cr (+207% y-y)
EBITDA per ton expected to improve in H2 FY27 after Q2 seasonal impact
Iron ore sales H1 at 2.5 mn tons, profit INR388 Cr; target 7-8 mn tons for FY27