Steel Authority of India Limited — Investor Meet, 06-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

SAIL's 9M FY26 revenue hit Rs 79,997 Cr (+9%) with PAT up 60%, reflecting strong operational efficiency. Debt slashed by Rs 5,000 Cr, further Rs 2,000 Cr in Jan. Sales volume jumped 16.3%. Management projects a robust Q4 with higher pricing, good margins, and significant inventory reduction, cutting FY26 interest costs by Rs 1,000 Cr. Key analyst highlights: Q4 coking coal costs up around Rs 1,500 over Q3. FY27 CAPEX at Rs 15,000 Cr, including Rs 7,000-8,000 Cr for IISCO expansion. All 5 plants are running at peak, targeting near-zero semis in ~2 years. Confident tone, strong focus on efficiency & growth.