SAL Steel Limited announced its unaudited standalone financial results for the quarter ended June 30, 2026, alongside key corporate updates including the appointment of Mrs. Monika Goyal as an Independent Woman Director and scheduling its 23rd Annual General Meeting for September 25, 2026. For the first quarter of fiscal year 2027, the company reported a total revenue of Rs. 87.37 Crores and a net profit of Rs. 3.09 Crores, showcasing a solid turnaround from previous losses. Comparative financial performance indicates a significant sequential and annual recovery, outlined in the table below:
| Financial Metric | Current Quarter (30-Jun-2026) | Previous Quarter (31-Mar-2026) | Corresponding Quarter Last Year (30-Jun-2025) | QoQ Increase/Decrease (%) | YoY Increase/Decrease (%) |
|---|---|---|---|---|---|
| Revenue from Operations | Rs. 87.37 Crores PDF | Rs. 11.93 Crores PDF | Rs. 127.55 Crores PDF | +632.36% | -31.48% |
| Net Profit / (Loss) | Rs. 3.09 Crores PDF | Rs. (1.03) Crores PDF | Rs. (9.67) Crores PDF | +400.00% | +131.95% |
Established in 2003, SAL Steel Limited operates as a prominent manufacturer of ferro alloys and sponge iron, running a 40 MW captive power plant near Kandla Port in Gujarat. A major structural shift occurred in late 2025 when Sree Metaliks Limited acquired a significant 39.30% stake via preferential allotment of equity shares and convertible warrants, paving the way as a primary promoter. The company continues to strengthen its governance and operational framework, capitalizing on strategic port proximity and raw material linkages.
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