SAIL first-half profit after tax rises 32%, but auditor review is qualified

Qualified OpinionEmphasis Of MatterExceptional ItemPat Growth 25pctEbitda Margin CompressionResults View source PDF Explain this filing

SAIL · price

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Price reactionminutes from the announcement price · days from the prior close

-2.2%Reaction day

₹140.29

prior close

₹138.70

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.2%-2.0% vs market

Iron & Steel peers, median of 9sector-0.6%-1.6% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Midcap 150 and 1.6 pts less than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-2.2-0.2-2.0-0.6-1.6

Next day

-2.7-0.7-2.1-1.1-1.6

-1.6+0.1-1.7-1.2-0.3

-1.5-0.2-1.2-1.6+0.2

-1.8-1.2-0.6-3.9+2.1

+0.3-0.7+1.0-3.2+3.4

+2.7+0.2+2.5-4.0+6.6

15d

-4.8-0.2-4.7-8.2+3.4

-3.7+0.8-4.6-6.4+2.6

+0.7-0.6+1.3-5.0+5.8

+7.6-3.2+10.8-0.2+7.8

UpDownMarket · Nifty Midcap 150Sector · Iron & Steel peers, median of 9Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Standalone September-quarter revenue rose 8.7% to Rs 26,703.94 crore, but profit after tax fell 48.8% to Rs 426.79 crore after a Rs 338.44 crore gratuity charge. First-half revenue rose 8.1% to Rs 52,625.40 crore and profit after tax rose 31.8% to Rs 1,112.27 crore. Auditors said provisions were needed for entry tax, DVC advances and a Rs 1,146.44 crore water demand. First-half operating cash flow was positive at Rs 7,981.50 crore.

Likely market impact

H1 profit and cash flow are positive, but auditor findings point to possible Rs 1,274.20 crore reductions in profit and reserves, raising risk.