New Delhi, July 24 -- Steel Authority of India (SAIL), one of the country's largest steelmakers, announced its June quarter (Q1 FY27) results on Friday, post-market hours, reporting a 138% year-on-year (YoY) jump in consolidated net profit to Rs.1,636 crore from Rs.685 crore in the corresponding quarter last year.

The strong improvement in profitability came despite lower production and sales volumes, aided by improved realizations and lower inventory levels.

The company said it deliberately moderated production during the quarter by advancing scheduled repair and maintenance activities, a move necessitated by geopolitical volatility that disrupted global supply chains.

According to SAIL, this planned intervention is expected to suppor...