Steel Authority of India earnings calls.

SAIL delivered a strong Q1Current reported value: 1. No comparable prior figure is available in the source record. FY27 with PAT of ₹1,636 croreCurrent reported value: ₹1,636 crore. No comparable prior figure is available in the source record. (+150Current reported value: 150. No comparable prior figure is available in the source record.% YoY) and EBITDA of ₹4,356 croreCurrent ₹4,356 crore vs previous available quarter ₹5,754 crore. (+50% YoY), with EBITDA margins at 16.7Current 16.7 crore vs previous available quarter 9 crore.%—one of the best since FY22. Despite crude steel production declining to 4.8 million tons due to advanced capital repairs at three steel plants, the company achieved higher NSR of ₹57,100/tonCurrent ₹57,100/ton. Reported change: +₹5,000/ton vs Q4. and maintained discipline on borrowings (₹21,729 crore). Key positives include iron ore captive mines contributing ₹574 croreCurrent reported value: ₹574 crore. No comparable prior figure is available in the source record. revenue (+₹417 crore YoY), cost efficiency targets of ₹2,000-3,000/ton savings, and robust domestic steel consumption (+8% YoY). Management guided FY27 capex of ₹15,000 crore with plans to ramp to ₹20,000+ crore next year. Risks include Q2 seasonal weakness, coal cost volatility (index at 220 vs peak of 235), and rising imports (net 4-5 million tons) potentially pressuring realizations.