SAIL share price: Is the stock a buy or sell post Q4 results, dividend announcements?

SAIL share price gained in the morning trade on Thursday, May 29, following its March quarter (Q4) results and dividend announcement. SAIL had announced the Q4 results after market trading hours on Wednesday. 

SAIL Q4 Results

On Wednesday, May 28, 2025, Steel Authority of India (SAIL) released the results for the January-March quarter. In the fourth quarter of the 2024–25 fiscal year, the Maharatna PSU company's net earnings increased by 11% to ₹1,251 crore from ₹1,126 crore in the same quarter a year ago.

The state-owned company's revenue from core operations increased by 4.8% to ₹29,316 crore in Q4 FY25, up from ₹27,958 crore in the same quarter of the previous fiscal year, recording a 12% YoY growth. Sequentially, the revenue was higher by 20%.

SAIL: Analysts' views post Q4 Results

Following the Q4 results announcement, Motilal Oswal Financial Services (MOFSL) said that SAIL reported in-line revenue, primarily driven by strong volume growth. The sales volume at 5.3 million tonnes surged by almost 17% year-on-year. 

Earnings before interest, tax, depreciation, and amortisation (EBITDA) stood at around ₹3,480 crore, which was almost double YoY (97% YoY and 72% sequentially), higher than MOFSL's estimate of around ₹2,880 crore. 

The EBITDA per tonne stood at ₹6,536, which also came higher than MOFSL estimates of ₹5,423 a tonne and was up 69% YoY and 43% sequentially, led by lower costs. The net profit, adjusted for one-offs, as per MOFSL, was around ₹1280 crore, and ahead of its estimates of around ₹790 crore.

MOFSL has a target of ₹128 for the SAIL share price with ‘Neutral’ ratings, though it may revise its estimates after the investors' call.

Seema Srivastava, Senior Research Analyst at SMC Global Securities, said SAIL delivered a strong Q4 FY25 performance. The EBITDA margin improved sequentially to 12.9% from 9.76%, reflecting better cost management, while the net profit margin rose to 4.02% from just 0.51% in Q3, as per the analyst.

The board’s final dividend of ₹1.60 per share signals confidence in long-term prospects, she said. 

“While global macro pressures dampened FY25 results, Q4 indicates a recovery in momentum. Backed by supportive government policies and ongoing cost optimisation, SAIL appears well-positioned for future growth, especially if global steel dynamics stabilise and domestic demand strengthens,” Srivastava said.

SAIL share price: Technical view

SAIL has broken out of an 86-day-long bullish cup and handle pattern at ₹119 and is showing strong follow-through, having tested the weekly swing high of ₹130.09, as per Anshul Jain, Head of Research at Lakshmishree Investments. 

“The breakout structure remains intact, and on pullbacks, if volumes stay muted, the rally is likely to extend further. The next logical resistance is the weekly swing high of ₹144. Overall momentum remains positive, and the stock remains a strong candidate for continued upside,” as per Jain.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions