Steel Authority of India Limited — Q4FY26 earnings call summary

Filed 20 May 2026 · Official transcript

FY27 sales volume guidance at 22 mn tons; capex guidance INR15,000 Cr for FY27, rising to INR20,000+ Cr in FY28
FY26 crude steel production up 1% to 19.4 mn tons; sales volume grew 11% to 19.9 mn tons
Capacity utilization target 22.5 mn tons in FY27 via debottlenecking and operational efficiency; new capacity from FY30 onwards
FY26 PAT rose 51%; debt reduced by INR8,150 Cr; borrowing cost down to 6.2%
Capex projects at IISCO (INR35,000 Cr, 4.5 mn tons), Bhilai (INR30,000 Cr, 3.5 mn tons), Bokaro (INR18,000 Cr, 3 mn tons)
Q4 sales turnover INR30,541 Cr (+5% y-y); FY26 sales turnover INR110,000 Cr (+8% y-y)
Employee count down ~3,400 in FY26; further reductions expected with VRS scheme
Inventory expected stable in Q1FY27; reduction planned in H2