SAIL Q1 Preview: Will Maharatna PSU Shine This Time? Profit, Revenue Predictions Ahead of Q1 Result Today

SAIL Q1 Result Preview: Government-owned Steel Authority of India Limited (SAIL) is likely to deliver a decent performance, which will be impacted by muted steel volumes (due to monsoon and maintenance shutdown), flat product prices, lower coking coal costs, and other key factors. SAIL's first quarter result for FY25-26, set to be announced on Friday (July 25), will be sequentially better but may see a decline in profit margins, revenue growth, etc, on a year-on-year basis, according to experts.

Capex timeline, coking coal cost guidance for the financial year 2025-26, and steel prices will continue to impact SAIL's performance in the coming quarters as well. Ahead of SAIL Q1 result today, lets understand what the analysts have predicted for the PSU steel producer's performance in the quarter.

SAIL Q1 Result Preview: Profit, EBITDA, Revenue

The company's standalone net profit for the June quarter is likely to be Rs 12,414.2 million for the June quarter, and sales volume is likely to be at Rs 279,910.7 million, according to Emkay Global. The brokerage believes that the steel producer will see a robust performance in the June quarter due to favourable conditions.

"We expect SAIL to report sequentially better production of 4.8mt (up 0.8% QoQ; up 13.7% YoY), with sales volume of 4.7mt in Q1 (down 12.2% QoQ and up 16.7% in YoY) as Q4 FY25 witnessed elevated sales from inventories and third-party volumes. We estimate EBITDA of Rs37.9bn in Q1 (flat sequentially and up 56.4% YoY), driven by better flats and longs prices, coupled with coking coal cost benefits leading to sequential EBITDA/t improvement," noted Emkay Global in its report.

According to Systematix Research, SAIL's Q1 profit is likely to be at Rs 13900 million and its revenue is likely to be at Rs 2,64,900 million. The Maharatna PSU giant may see growth in its EBITDA margins. According to PL Capital, SAIL's EBITDA (per ton) is likely to be at Rs 7,513 in the June quarter against Rs 5,535 reported in the year-ago period.
"As SAIL remains a price play on domestic steel prices in the medium term, maintain 'Hold' with revised TP of Rs136 based on 5.5x EV of Mar'27 EBITDA (earlier Rs133)," noted PL Capital in its report.

SAIL Stock Price Recommendation | With Target Price

Most of the brokerage, in their Metal sector Q1FY26 result previews (released earlier this month), maintained a "Hold" rating for the PSU metal stock. Here is the latest SAIL target price by brokerages.

SAIL Q4 Result

The Indian steelmaker's net consolidated profit (attributable to the owners of the company) stood at Rs 1251 crore. Company's net revenue from operations stood at Rs 29316.14 crore during the March quarter against Rs 27958,5 crore reported in the same period a year ago. SAIL's net consolidated revenue stood at Rs 24489.91 in the December quarter. The company's earnings per share stood at Rs 3.03. Revenue from SAIL's Bhilai Steel Plant declined to Rs 9095.36 crore in the March quarter against Rs 9699.55 crore reported during the year-ago period.