Q1-FY27 · Dr. Ashish Panda
EBITDA margin at 16.7% is one of the best since 21-22 when the steel market that time was at its peak and coal price was at its bottom.
SAIL / language trends
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Steel Authority of India · tone and specificity signals across the available quarters.
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Language signals
What changed in management language.
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Q1-FY27 · Dr. Ashish Panda
We are maintaining full year volume and we'll be having a growth of over last year by the year end.
Q1-FY27 · Dr. Ashish Panda
The gap [between primary and secondary TMT] has narrowed down to around 5,000 rupees right now which is a healthy gap.
Q2-FY26 · Dr. Ashok Panda
In quarter 3 and quarter 4 we are looking at reduction in the salable steel inventory by increasing the sales volume more than that of the production volumes.
Q2-FY26 · Dr. Ashok Panda
We are looking at debt equity ratio on non-IndAS basis of 0.46 which is what we want to reduce it down to 0.35 or maybe 0.4 by the year end and after that from next year our capex is going to pick up primarily because of the deep bottlenecking projects as well as the expansion projects of IISCO.
Q2-FY26 · Dr. Ashok Panda
The second half of the financial year is always the best for the steel industry and we hope the trend would continue in this year as well.
Q3-FY26 · Dr. Ashish Panda
The ISCO expansion once expansion is over in time then the numbers should be more than 10,000 rupees per ton from ISP
Q3-FY26 · Dr. Ashish Panda
In quarter four you'll find an increase of around 1,500 rupees over quarter three is what I'm guessing
Q3-FY26 · Pakin Parik
The price increases at the trade level in India has been much larger but the company level price increases have been lagging so far
Q4-FY26 · Dr. Ashok Panda
In FY26 there was no real price revision area. Still we have exhibited more than 50% increase in PAT as compared to the previous year. So that shows the potential SAIL has to take it forward.
Q4-FY26 · Dr. Ashok Panda
There is no theoretical capacity for a blast furnace or steel melter. It is only the enablers and the raw metal and the practices which we improve by which we can easily go beyond 100%.
Q4-FY26 · Dr. Ashok Panda
We're trying to improve our profitability to a level in which the cash flows will be better. The profitability plus depreciation will give us a cash flow which probably will be able to take care of this year's capex to a large extent, but going forward the incremental will come from long-term loans borrowings.