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
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”.