# The company's operating profitability showed a marked improvement during the quarter and the full year.

*business · news · 2026-05-19 · scanx.trade*

## Key points

- Steel Authority of India's FY26 PAT rose to ₹3,233 crore, up 50% from FY25.
- Manpower was reduced by 3,407 employees in FY26, dropping total to 49,752 by April 2026.
- FY26 finance costs declined significantly to ₹2,158 crore from ₹2,793 crore in FY25.
- Investec upgraded price target to ₹270, citing EBITDA beating estimates by 19% in Q4FY26.
- Citi flagged risks from higher coking coal costs, wage revisions, and aggressive capex plans.

**Companies:** Steel Authority of India
**Countries:** India

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