SAIL NET PROFIT DIPS BY 35.25% IN Q1

SAIL declares financial results for Second Quarter(Q2) and first half year(H1) for Financial Year 2024-25

SAIL declares financial results for Second Quarter(Q2) and first half year(H1) for Financial Year 2024-25

Posted On: 08 NOV 2024 , Delhi

Steel Authority of India Limited (SAIL) has declared its financial results for the quarter and half year ending 30th September, 2024.

Key highlights:

Performance of Q2 FY 25 (Standalone) at a glance:

 UnitQ2 23-24Q1 24-25Q2 24-25
Crude Steel ProductionMillion Tonne4.804.684.76
Sales VolumeMillion Tonne4.774.014.10
Revenue from OperationsRs. Crore29,71423,99824,675
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA)Rs. Crore4,0432,4203,174
Profit Before Exceptional Items and TaxRs. Crore2,1113261,113
Exceptional ItemsRs. Crore4153120
Profit Before Tax (PBT)Rs. Crore1,696141,113
Profit After Tax (PAT)Rs. Crore1,24111834

Performance of H1 FY’25 (Standalone) at a glance:

 UnitH1 23-24H1 24-25
Crude Steel ProductionMillion Tonne9.479.46
Sales VolumeMillion Tonne8.658.11
Revenue from OperationsRs. Crore54,07148,672
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA)Rs. Crore6,1325,593
Profit Before Exceptional Items and TaxRs. Crore2,3131,439
Exceptional ItemsRs. Crore415312
Profit Before Tax (PBT)Rs. Crore1,8981,127
Profit After Tax (PAT)Rs. Crore1,390844

The company’s performance in the second quarter of the current financial year has shown improvement compared to the previous quarter. Revenue from operations, EBITDA, and sales volume all increased in Q2 FY’25 over Q1 FY’25. However, lower performance in Q2 FY’25 compared to the same period last year (Q2 FY’24) was influenced by factors like cheaper imports and decrease in prices.

Commenting on the results, SAIL Chairman Shri Amarendu Prakash said, “We expect H2 FY’25 to bring more promising results compared to H1 FY’25, which was impacted by various challenges. Moving forward, with expected downtrend in steel imports and projected growth in GDP & capital expenditure, H2 FY’25 may yield better performance”.

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