SAIL Q4 Results: Maharatna PSU's net profit rises 11% YoY to ₹1,251 crore, final dividend of ₹1.6/share declared
SAIL Q4 Results: Steel Authority of India Ltd (SAIL) announced its Janaury to March quarter results on Wednesday, 28 May 2025. The Maharatna PSU firm recorded an 11 per cent rise in its fourth quarter of the 2024-25 fiscal year, with the net profits at ₹ 1,251 crore, compared to ₹ 1,126 crore in the same quarter a year ago.
The State-owned company's revenue from core operations rose 4.8 per cent to ₹ 29,316 crore in the fourth quarter of the 2024-25 fiscal year, compared year-on-year (YoY) with ₹ 27,958 crore in the same quarter of the previous financial year.
The company's revenues from the IISCO Steel Plant, Alloy Steels Plant, and other sections were the only profitable sources for the fourth quarter, compared on a year-on-year basis with the same period a year ago.
Steel Authority of India's board of directors on Wednesday announced a final dividend issue of ₹ 1.6 per share for the financial year ending 2024-25 of the face value of ₹ 10 apiece.
This means that every eligible shareholder will receive a final dividend of ₹ 1.6 per share for every share they own in the PSU steel manufacturer.
'The Board of Directors have recommended the Final Dividend @ ₹ 1.60 per equity share of ₹ 10 each for the Financial Year 2024-25 (16% of the paid-up equity share capital of the Company),' said SAIL in its exchange filing.
According to the exchange filing, the final dividend will be paid within 30 days from the date of approval at the upcoming shareholders' meeting.
Steel Authority of India (SAIL) shares closed 0.19 per cent higher at ₹ 128.80 after Wednesday's stock market session, compared to ₹ 128.55 at the previous market close. The company announced its Q4 results and final dividend issue after the market operating hours on Wednesday.
The Maharatna PSU stock has given market investors more than 325 per cent returns on their investment in the last five years. However, the shares lost 21 per cent in the last one-year period.
On a year-to-date (YTD) basis, the shares gained 13.53 per cent in 2025, and 1.97 per cent in the last five trading sessions.
According to BSE data, the state-owned company's shares hit their 52-week high of ₹ 169.30 on 28 May 2024, while the 52-week low was ₹ 99.20 on 12 February 2025. Steel Authority of India's market capitalisation (M-Cap) was at ₹ 53,195.59 crore as of the stock market close on Wednesday, 28 May 2025.
Read all stories by Anubhav Mukherjee
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
29 minutes ago
- News18
GE Shipping, SCI Rally Up to 13% As Israel-Iran Tensions Fuel Tanker Rate Surge Hopes
Last Updated: Shares of shipping companies surged on Friday amid escalating geopolitical tensions in the Middle East Defence Stocks Rally: Shares of shipping companies surged on Friday amid escalating geopolitical tensions in the Middle East, as investors bet on a spike in tanker and container freight rates following Israel's military strike on Iran. The Shipping Corporation of India (SCI) jumped as much as 13.3% to ₹233.80 on the BSE, while Great Eastern Shipping Company (GE Shipping) climbed 7.7% to ₹1,049.70. The rally comes as markets brace for potential supply chain disruptions and rising transport premiums across critical oil shipping routes. Investor sentiment was rattled after Israel launched a large-scale offensive targeting Iranian nuclear and military infrastructure. Reports indicated explosions at Iran's Natanz uranium enrichment facility, with the country's Revolutionary Guards confirming the death of top commander Hossein Salami. In response, Israel declared a national emergency, anticipating retaliatory missile and drone attacks. The geopolitical escalation sent shockwaves through global financial markets. Crude oil surged nearly 9%, with Brent futures spiking $6 to $75.36 per barrel, while WTI rose $6.16 to $74.20. Gold also advanced 1.5% to $3,434 per ounce, approaching its all-time high of $3,500.05, as investors rushed to safe-haven assets. Asian equities slumped and U.S. futures also declined sharply. The Middle East, especially the Strait of Hormuz, remains a critical chokepoint for global oil shipments. While fears of a major disruption spooked traders, JPMorgan sought to downplay the risk of Iran closing the strait, calling it a 'low-risk event." Still, the anticipation of higher war premiums and insurance costs on oil shipments has led to renewed interest in shipping stocks. With freight costs poised to rise, stocks like SCI and GE Shipping could benefit from improved earnings potential, analysts said. First Published: June 13, 2025, 13:43 IST
Mint
29 minutes ago
- Mint
8000% rally in five years! Multibagger railway stock hits 5% upper circuit despite stock market crash; here's why
Kernex Microsystems share price hit 5% upper circuit on Friday despite a sharp fall in the Indian stock market today. Kernex Microsystems shares were locked at 5% upper circuit of ₹ 1,300.75 apiece on the BSE. The rally in Kernex Microsystems India shares comes after the railway company announced that Southern Railways has issued letters of acceptance to its Joint Venture for two projects. In a regulatory filing on June 13, Kernex Microsystems India said that the Southern Railways, Chennai has issued a Letters of Acceptances (LOA) to Kernex-VRRC consortium for two projects amounting to ₹ 311.03 crore. The first LoA is for the provision of Kavach (Train Collision Avoidance System), in three sections of Chennai Division in Southern Railway for ₹ 173.11 crore. The second LoA is for the provision of Kavach along with Tower and 48 Fiber OFC as back bone network in Arakkonam - Jolarpettai Section of Chennai Division in Southern Railway for ₹ 137.92 crore. Kernex Microsystems said it is a partner of the said Joint Venture with a share of 60%. The accepted bid costs for the projects are ₹ 311.03 crore, and the completion period is 730 days and 540 days from the date of LoA. Kernex Microsystems share price has rallied 64% in one month and over 88% in the past three months. The railway stock has fallen 8% on a year-to-date (YTD) basis, but has jumped by a staggering 246% in one year. The small-cap stock has delivered multibagger returns of 295% in two years and nearly 8,000% in the past five years. At 1:45 PM, Kernex Microsystems share price was trading still locked at 5% upper circuit at ₹ 1,300.70 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
31 minutes ago
- Mint
Gensol Engineering share price hits lower circuit as NCLT admits IREDA plea for insolvency
Stock Market Today: Gensol Engineering share price slipped and hit lower circuit on Friday on news flow pertaining to NCLT admitting IREDA's plea for insolvency in ₹ 510 crore default. Check details On the basis of a plea submitted by the state-run Indian Renewable Energy Development Agency Ltd or IREDA, which mentioned credit defaults totaling ₹ 510 crore, the Ahmedabad bench of the National Company Law Tribunal as per news reports has admitted IREDA's plea for corporate insolvency proceeding against Gensol Engineering Ltd. The news reports also suggest that the tribunal has also directed for the appointment of interim resolution professional (IRP) to take over the management and operations of Gensol Engineering. According to IREDA, Gensol's promoters had diluted their stakes without the lenders' consent, which was a breach of contract. As a result, the company filed a complaint with the economic offences wing or EoW and sought legal action. IREDA initially had issued notice to Gensol on April 25 and revealed its insolvency filing on May 14. Since then, a number of additional financial creditors have also filed for the company's insolvency. The Gensol Engineering share price opened at ₹ 49.43 on th BSE on Fiday. At the time of opening the Gensol Engineering share price was lowr than the previous days closing price of ₹ 50.43. The Gensol Engineering share price thereafter continued to trade at the similar levels the same happened to be the lower price band or circuit limit for the Gensol Engineering share price. The Gensol Engineering share price thereby was locked in the lower circuit on Friday. Gensol Engineering share price that had seen highs of ₹ 1125.75 in June last year however has seen more than 95% correction and substantial erosion in investors wealth. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
