SAIL Q3 FY26 results: profit up 251% YoY, auditor flags qualifications

Qualified OpinionPat Growth 25pctExceptional ItemResults View source PDF Explain this filing

SAIL · price

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

-1.0%Reaction day

₹150.98

prior close

₹148.10

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-1.1%+0.1% vs market

Iron & Steel peers, median of 9sector-1.3%+0.3% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Midcap 150 and 0.3 pts more 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

-1.9

10m

-2.7

15m

-2.5

30m

-2.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.0-1.1+0.1-1.3+0.3

Next day

+1.9+1.8+0.1+0.3+1.6

+3.9+2.4+1.6+3.4+0.5

+5.8+2.1+3.8+2.6+3.2

+5.4+2.0+3.4+2.0+3.4

+5.0+3.6+1.4+4.6+0.5

+7.2+4.1+3.1+2.4+4.8

15d

+3.8+1.8+2.0+2.8+1.0

+9.7-0.1+9.8+4.2+5.4

+2.3-7.8+10.1-6.5+8.8

+23.8+3.1+20.7+10.1+13.7

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

SAIL reported Q3 FY26 standalone revenue of Rs 27,371 crore, up 11.8% YoY. Net profit jumped to Rs 441.7 crore from Rs 125.8 crore. For 9M FY26, revenue rose 9.3% to Rs 79,997 crore and PAT grew 60% to Rs 1,554 crore. EPS for the quarter was Rs 1.07. Auditor issued a qualified review report flagging entry tax, DVC advances, and water charges demands. An exceptional item of Rs 338 crore for gratuity was booked in 9M FY26.

Likely market impact

Strong profit growth on better realizations, but auditor qualifications on over Rs 1,700 crore of demands and ongoing legal issues remain a concern.