SAIL Q4 FY25 2026: Revenue ₹29,316 Cr, PAT ₹1,250 Cr

SAIL’s latest results and the next trigger

Steel Authority of India (SAIL) has reported its consolidated Q4 FY25 numbers, showing a modest rise in revenue but continued pressure on profitability from higher costs. Revenue from operations came in at ₹29,316.1 crore, up from ₹27,959.5 crore a year ago. The company’s reported profit picture is mixed across the data points available in the update, which makes the cost line and tax outgo important to track alongside headline profit.

At the same time, the market is already looking ahead to SAIL’s Q4 FY26 results, expected in May 2026, when the board is scheduled to approve audited financial statements and may consider a final dividend for FY26. With the stock trading around the low-to-mid ₹100s in April 2026 references, the next results event is positioned as a key near-term data point for investors tracking steel PSUs.

Q4 FY25 topline: growth remains steady

On a consolidated basis, SAIL’s Q4 FY25 revenue from operations was ₹29,316.1 crore, translating into about 4.9% year-on-year growth in the table provided. Other income stood at ₹297.5 crore versus ₹313.4 crore in Q4 FY24. Total income for the quarter was ₹29,613.7 crore compared with ₹28,271.9 crore in the year-ago period.

These numbers indicate that demand and dispatch momentum supported the topline, even as the company dealt with cost inflation. The synopsis also describes Q4 FY25 revenue as ₹29,316 crore, up 5.5% year-on-year, broadly consistent with the direction of the table.

Q4 FY25 profit: costs and taxes shape the outcome

Total expenses for Q4 FY25 rose to ₹28,002.6 crore from ₹26,473.9 crore, a 5.8% year-on-year increase. Profit before tax (PBT) was reported at ₹1,657.2 crore versus ₹1,441.2 crore, a 15% rise. However, the tax expense increased to ₹406.2 crore from ₹315.5 crore.

Net profit (PAT) is reported in two different ways in the provided material. The headline synopsis says net profit fell 34% year-on-year to ₹1,250 crore (versus ₹1,900 crore). But the detailed quarterly table shows PAT at ₹1,250.0 crore in Q4 FY25 versus ₹1,125.7 crore in Q4 FY24, implying 11% year-on-year growth. Based strictly on the supplied content, both figures are part of the update, and readers should rely on the audited result document and exchange filing for the final comparable base.

Q4 FY25 EPS (basic/diluted) is listed at ₹3.03 per share.

Consolidated Q4 FY25 snapshot (as provided)

FY25 profitability: full-year PAT lower

For the full year, consolidated PAT is stated at ₹2,371.8 crore for FY25, down 22.7% from ₹3,066.7 crore in FY24. The synopsis attributes margin stress to higher material and operating costs. It also notes that domestic steel demand remained stable in FY25, but margin pressure persisted due to rising input and logistics costs.

The update adds that while the market expected moderation in profit, SAIL’s operational resilience helped offset most cost shocks. This frames the FY25 narrative as a year where execution and stability supported revenue, but the cost structure limited the profit conversion.

Plant-wise cues and cost drivers

Operationally, the update flags Bhilai, Bokaro, Rourkela, and IISCO as the top contributors to revenue and profitability. In contrast, Salem and Visvesvaraya plants are noted as having reported negative EBIT. Such divergence matters because it can influence the consolidated margin trajectory, especially in periods of input cost inflation.

On the cost line, segment-wise total expenses are described as rising due to higher material and energy costs. This is consistent with the Q4 FY25 expense increase shown in the quarterly table.

Q4 FY26 results in May 2026: what is scheduled

SAIL is expected to announce its Q4 FY26 financial results for the quarter and year ended March 31, 2026, in May 2026. The board of directors is scheduled to meet in May 2026 (expected) to approve audited financial statements and consider a recommendation for a final dividend for FY26.

The trading window for designated employees is stated to be closed until 48 hours after the results announcement, in line with SEBI regulations.

An events section also lists a projected Q4 2026 earnings release on 25/05/2026, alongside future projected dates for Q1, Q2, and Q3 releases.

Street expectations for Q4 FY26: revenue and PAT ranges

Multiple preview ranges are cited for Q4 FY26. One set of estimates pegs revenue at ₹30,000 to ₹32,000 crore and PAT at ₹500 to ₹700 crore, with margin expectations of 1.8% to 2.5%. Another set mentions revenue at ₹30,000 to ₹33,000 crore and PAT at ₹600 to ₹1,000 crore, alongside an EBITDA per tonne expectation of ₹8,000 to ₹9,500.

The preview commentary also references an expected 10% to 15% year-on-year volume growth for Q4 FY26. Separately, Q3 FY26 revenue is referenced at ₹28,380 crore in one place and around ₹28,500 crore in another, positioning Q4 as a sequential pickup in the street’s base case.

Stock levels, range, and market cap references

Ahead of the Q4 FY26 event, SAIL is cited as trading at ₹112 in April 2026 in one section, with a 52-week high of ₹175 and 52-week low of ₹88, and market capitalisation of about ₹46,200 crore. Another section references a price of ₹125 in early April 2026, with a 52-week high of ₹168 and 52-week low of ₹95.

A separate price snapshot states the share price was ₹187.90 on 07 May 2026 at 10:50, and another trading note shows an open around ₹186.25 with an intraday high of ₹188.20 and low of ₹185.90. Since these data points are from different timestamps within the provided material, they should be read as separate market references rather than a single continuous price series.

Key data points to track into the results

The May 2026 board meeting matters for two reasons in the provided context: audited results and the possibility of a final dividend recommendation for FY26. The preview also notes “No outright Buy ratings at current levels,” highlighting that expectations and valuation comfort could be debated in the run-up.

From an operating standpoint, investors are likely to focus on how costs, logistics, and input inflation move relative to volume and realisations, given FY25’s margin pressure comments. The FY27 guidance is described as the most critical post-results catalyst alongside headline Q4 numbers.

Quick table: Q4 FY26 event, estimates, and market reference

Conclusion

SAIL’s Q4 FY25 results show revenue growth to ₹29,316 crore, while the profit outcome is presented with differing year-on-year comparisons within the provided update and remains closely tied to costs and tax outgo. The next clear milestone is the Q4 FY26 results in May 2026, when the board is expected to approve audited numbers and may consider a final dividend for FY26. Until then, the market’s focus is likely to remain on the street’s wide PAT range and the company’s ability to manage input and logistics costs alongside volumes.