Steel Authority of India (SAIL) has shared its financial performance for the quarter and half-year ending on 30th September 2024. The company recorded significant improvement in the second quarter of FY 2024-25 compared to the previous quarter, showing growth in revenue, Ebitda, and sales volume.
In Q2 FY 25, SAIL’s standalone performance reflected notable improvements, with crude steel production reaching 4.76 million tonnes, slightly below Q2 FY 24’s 4.80 million tonnes. Sales volume rose to 4.10 million tonnes, up from 4.01 million tonnes in Q1 FY 25, showcasing positive momentum. Revenue from operations also increased to Rs. 24,675 crore, compared to Rs. 23,998 crore in the previous quarter. Additionally, EBITDA improved to Rs. 3,174 crore, surpassing Q1 FY 25’s Rs. 2,420 crore. Profit after tax saw a substantial boost, climbing to Rs. 834 crore from just Rs. 11 crore in Q1 FY 25.
In H1 FY 25, SAIL’s standalone performance showed relative stability and some declines compared to H1 FY 24. Crude steel production was nearly constant at 9.46 million tonnes, marginally lower than the previous year’s 9.47 million tonnes. Sales volume fell to 8.11 million tonnes from 8.65 million tonnes in H1 FY 24. Revenue from operations dropped to Rs. 48,672 crore, down from Rs. 54,071 crore. Ebitda slightly decreased to Rs. 5,593 crore, compared to Rs. 6,132 crore in the same period last year, while profit after tax reached Rs. 844 crore, lower than H1 FY 24’s Rs. 1,390 crore.
Sail Chairman Amarendu Prakash expressed optimism for H2 FY 25, citing a likely reduction in steel imports and growth in GDP and capital expenditure as factors that may boost performance in the latter half of the financial year.
