SAIL Share Price: State-owned steel maker SAIL on Friday, May 15, posted an over 42 per cent rise in standalone net profit to Rs 1,680 crore during the March quarter of FY26, citing higher revenues.
The company had reported a net profit of Rs 1,178 crore in the year-ago period, Steel Authority of India Ltd (SAIL) said in a statement.
During January-March, the company’s revenue from operations increased to Rs 30,813 crore from Rs 29,316 crore recorded in the fourth quarter of the preceding 2024-25 financial year.
The brokerage firm, Emkay, maintains a buy rating with a target price of Rs 200 per share. Here’s why:
The brokerage firm, Motilal Oswal Securities Limited (MOSL), maintains a buy rating with a revised TP of Rs 225 vs Rs 170 earlier. Here’s why:
The brokerage firm, Nuvama Research, retains a ‘reduce’ rating with a target price of Rs 139 per share. Here’s why:
The company’s CMD, A K Panda, stated: “The growth in sales volumes, coupled with a reduction in inventory and borrowings, has reinforced our profitability, with PBT and PAT registering growth of 44 per cent and 50.5 per cent over the corresponding previous year, respectively.”
The company’s board also approved a final dividend of Rs 2.35 per equity share for FY26.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
