SAIL Q4 FY25 results: Revenue ₹29,316 Cr, PAT ₹1,250 Cr

Earnings snapshot: revenue up, profit down

Steel Authority of India Limited (SAIL) reported consolidated revenue from operations of ₹29,316 crore in Q4 FY25, up 5.5% year-on-year from ₹27,959 crore. Despite the revenue growth, consolidated net profit for the quarter fell 34% YoY to ₹1,250 crore, compared with ₹1,900 crore a year ago. The company attributed the weaker profit to higher material and operating costs, which tightened margins in the quarter. Total expenses in Q4 FY25 rose 5.8% YoY to ₹28,002 crore.

The results came against a backdrop of stable domestic steel demand in FY25, but with margin pressure from rising inputs and logistics costs. The coverage also noted that expectations in the market were for moderation in profit, and that operational resilience helped offset part of the cost shock.

What changed in Q4: costs and margin pressure

A key driver behind the YoY profit decline was the increase in the cost base. With expenses at ₹28,002 crore against revenue of ₹29,316 crore, the quarter left a thinner buffer for profitability than in the year-ago period. The article flags both material and operating costs as the pressure points, and also points to logistics costs as a factor behind margin stress in FY25.

SAIL’s earnings per share (EPS) for Q4 FY25 was reported at ₹3.03 per share. In the same set of disclosures, SAIL’s net consolidated profit attributable to owners of the company was also cited at ₹1,251 crore, broadly in line with the ₹1,250 crore figure reported in the quick highlights.

Full-year FY25: PAT declines 22.7%

For FY25, SAIL reported profit after tax (PAT) of ₹2,371.8 crore, down 22.7% from ₹3,066.7 crore in FY24. The full-year numbers underline that margin pressure was not limited to one quarter, with cost inflation weighing on profitability through the year.

The narrative in the article described domestic steel demand as stable in FY25, but highlighted that rising input and logistics costs persisted as headwinds for margins.

Plant and segment data mentioned in the results coverage

The Q4 FY25 coverage included a plant-level datapoint: revenue from SAIL’s Bhilai Steel Plant declined to ₹9,095.36 crore in the March quarter, compared with ₹9,699.55 crore in the year-ago period. At the segment level, total segment revenue was reported to have increased marginally to ₹31,300.84 crore from ₹31,213.52 crore.

SAIL also flagged external challenges in the quarter, referring to international tariffs and import pressures that were present in the last quarter of FY25, while stating that performance reflected the ability to navigate these complexities.

Dividend: ₹1.60 per share final dividend announced

SAIL’s board recommended a final dividend of ₹1.60 per equity share (face value ₹10 each) for FY24-25. As per the company’s exchange filing cited in the article, the final dividend is to be paid within 30 days from shareholder approval at the ensuing Annual General Meeting (AGM), with the AGM date to be communicated separately.

Stock and market context: mixed snapshots, strong technical narrative

The article included multiple market snapshots across different dates and contexts:

• One quote box showed SAIL at ₹166.95, down 0.55%, updated 15 April 2026.
• Another section described SAIL hitting a new 52-week high of ₹149.6 on a trading day, with the 52-week low cited as ₹99.2.
• A separate market data table listed a 52-week range of ₹99.15 to ₹152.80, along with indicators such as beta 0.92 and RSI 61.04.
• The Q4 results trading update cited the stock at around ₹129.3 on BSE at 10:40 am, and also stated a 52-week high of ₹169.30 (dated 28 May) and a 52-week low of ₹99.20 (dated 12 February 2025).

Across these snapshots, a consistent point in the coverage was technical strength: SAIL was described as trading above key moving averages (5-day through 200-day), with commentary that this alignment typically signals sustained buying interest.

Broker views and ratings mentioned

The coverage cited multiple brokerage takes:

• InCred Equities upgraded SAIL to Add (from Reduce) and raised its target price to ₹158.
• Kotak Institutional Securities issued a Sell rating, with the note stating a 53% downside.
• Motilal Oswal maintained a Neutral stance and was expected to revisit its target after SAIL’s conference call.

These views were presented alongside commentary that protectionism and safeguard duties can influence domestic steel pricing dynamics, while also noting that global pricing trends remain a challenge.

Key numbers at a glance (all ₹ in crore)

Other financial disclosures cited in the coverage

The article also included a table of financial results in lakhs for FY26 quarters, which translates to the following in ₹ crore:

• Quarter ended 30-Sep-2025: Total income ₹27,006.97 crore, net profit ₹426.79 crore, EPS ₹1.03.
• Quarter ended 30-Jun-2025: Total income ₹26,082.32 crore, net profit ₹685.48 crore, EPS ₹1.66.

Separately, one market data panel listed (converted to ₹ crore) market cap ₹60,496 crore, revenue (ttm) ₹106,000 crore, and net income (ttm) ₹2,556 crore, along with a forward P/E of 15.25 and a dividend line of ₹1.60 (1.06%).

Conclusion: growth in sales, costs remain the swing factor

SAIL’s Q4 FY25 results show that revenue improved, but higher costs weighed on profitability, taking quarterly net profit down to about ₹1,250 crore even as sales rose to ₹29,316 crore. For FY25, PAT declined to ₹2,371.8 crore, reinforcing that margin pressure was a year-long feature. The company also announced a ₹1.60 per share final dividend, pending shareholder approval at the upcoming AGM. Market commentary in the coverage focused on strong price momentum and moving-average support, while brokerage views remained mixed, with targets and ratings ranging from Add to Sell.