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Informist, Wednesday, May 28, 2025

 

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--SAIL Jan-Mar net profit INR 11.78 bln 
--Analysts saw SAIL Jan-Mar net profit INR 7.01 bln 
--SAIL Jan-Mar net profit INR 11.78 bln vs INR 10.11 bln year ago 
--SAIL Jan-Mar revenue INR 293.16 bln vs INR 279.58 bln year ago 
--SAIL FY25 net profit INR 21.48 bln vs INR 27.33 bln year ago 
--SAIL FY25 revenue INR 1.025 tln vs INR 1.054 tln year ago 
--SAIL to pay INR 1.60 per share final dividend 
--SAIL Jan-Mar EBITDA INR 37.81 bln vs INR 38.29 bln year ago 
--SAIL Jan-Mar sales volume 5.33 mln tn vs 4.56 mln tn year ago
--SAIL Jan-Mar crude steel production 5.09 mln tn vs 5.02 mln tn year ago 

 

By Ashutosh Pati

 

MUMBAI – State-owned Steel Authority of India Ltd. reported a strong performance in the March quarter, beating the Street's estimates sequentially as well as on year. The company's net profit rose more than 16% on year owing to lower coal prices and its revenue rose nearly 5% on year on better sales volumes. The company reported an on-year growth in net profit after five consecutive quarters of a fall in profit.

The steelmaker's net profit rose more than eight times sequentially to INR 11.78 billion for the March quarter. Analysts had expected the company to report a profit of INR 7.01 billion.

 

Steel Authority's revenue from operations for the reporting quarter rose nearly 5% on year and around 20% sequentially to INR 293.16 billion, better than analysts' expectations of INR 271.03 billion. This was mainly on account of better sales volumes. The company's sales for the quarter rose more than 16% on year to 5.33 million tonnes.

 

The cost of materials consumed by the company, which includes the cost of coal, fell around 26% on year to INR 112.51 billion in the period. This sharp fall in input costs for the quarter slowed the growth in Steel Authority's expenses. The total expenditure rose 6% on year to INR 280.23 billion.

 

The company's crude steel production during the reporting quarter rose slightly to 5.09 million tonnes from 5.02 million tonnes a year ago.

 

While the company's revenue for the quarter rose on year, slightly higher expenses and taxes affected its profitability. The company's operating profit, as denoted by the earnings before interest, taxation, depreciation, and amortisation, fell over 1% on year to INR 37.81 billion.

 

For the financial year 2024-25 (Apr-Mar), the company reported a net profit of INR 21.48 billion, down from INR 27.33 billion in FY24. Its revenue from operations declined nearly 3% to INR 1.025 trillion. The company will pay a final dividend of INR 1.60 per share. Wednesday, shares of Steel Authority of India closed 0.3% higher at INR 128.96 on the National Stock Exchange. The company released its results after the market closed.  End

 

Edited by Rajeev Pai

 

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