SAIL reported a sharp decline in Q2 FY26 PAT, falling 49% YoY after the July–September quarter. Despite revenue growth of 8.2% YoY (to ~₹26,704 crore), earnings have come under pressure due to cost escalation, margin contraction and perhaps one-off charges.
The market reacted with a drop in the stock price of over 2%.
What to watch & investor angle:
The sharp profit decline signals elevated near-term risk in the steel/PSU-steel segment. For current holders, this may be a “hold with high caution” scenario; new investors may prefer to await signs of margin recovery before entering.
Brokers may remain cautious until structural issues are addressed.
