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SAIL declares financial results for Second Quarter(Q2) and first half year(H1) for Financial Year 2024-25
By PIB 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: Unit Q2 23-24 Q1 24-25 Q2 24-25 Crude Steel Production Million Tonne 4.80 4.68 4.76 Sales Volume Million Tonne 4.77 4.01 4.10 Revenue from Operations Rs. Crore 29,714 23,998 24,675 Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) Rs. Crore 4,043 2,420 3,174 Profit Before Exceptional Items and Tax Rs. Crore 2,111 326 1,113 Exceptional Items Rs. Crore 415 312 0 Profit Before Tax (PBT) Rs. Crore 1,696 14 1,113 Profit After Tax (PAT) Rs. Crore 1,241 11 834
Performance of H1 FY’25 (Standalone) at a glance: Unit H1 23-24 H1 24-25 Crude Steel Production Million Tonne 9.47 9.46 Sales Volume Million Tonne 8.65 8.11 Revenue from Operations Rs. Crore 54,071 48,672 Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) Rs. Crore 6,132 5,593 Profit Before Exceptional Items and Tax Rs. Crore 2,313 1,439 Exceptional Items Rs. Crore 415 312 Profit Before Tax (PBT) Rs. Crore 1,898 1,127 Profit After Tax (PAT) Rs. Crore 1,390 844
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”
