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

Ministry of Steel

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

Posted On: 08 NOV 2024 1:06PM 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”.

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MG/SK

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