&w=3840&q=100)
SAIL Q4 result: Net profit jumps 11% to ₹1,251 crore, dividend declared
State-run Steel Authority of India Limited (Sail) on Wednesday reported a consolidated net profit of ₹1,251 crore for the quarter ended March 31, 2025 (Q4FY25), marking an 11.1 per cent increase from ₹1,125.68 crore in the same quarter last year (Q4FY24).
On a sequential basis, the steel major posted a significant gain from ₹141.69 crore in Q3FY25.
The surge in profit can be attributed to improved performance across key steel plants, and decrease in input costs. However, the profit for Q3 declined sharply on account of increased expenses.
"Amidst challenges posed by international tariffs and import pressures, which was present in the last quarter of FY25, our robust performance reflects our ability to navigate complexities while strengthening our position. The supporting government policies augur well for domestic steel demand and as we move forward, SAIL remains focused on innovation, cost optimization and planned future expansion in line with National Steel Policy," Sial chairman and MD, Amarendu Prakash, said.
The PSU's revenue from operations stood at ₹29,316.14 crore in Q4FY25, up 4.9 per cent from ₹27,958.52 crore in the year-ago period. Compared to Q3FY25, revenue grew 19.7 per cent from ₹24,489.91 crore.
Sail FY25 result
For the entire year, Sail's consolidated net profit stood at ₹2,371.82 crore, down from ₹3,066.67 crore in FY24, marking a 22.7 per cent decline year-on-year. Meanwhile, the company's revenue from operations came in at ₹1,02,479.06 crore, marginally down from ₹1,05,378.33 crore recorded in FY24.
Sail dividend announced
SAIL's board of directors have also recommended a final dividend of ₹1.6 per share, subject to the approval of the shareholders.
Shares of SAIL closed at ₹128.8 apiece on the BSE at the end of trading on Wednesday.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
33 minutes ago
- Business Standard
Puravankara shares nosedive 10% as Q4 loss widens; results breakdown here
Shares of Puravankara plunged nearly 10 per cent in Monday's intraday trade after its loss in the fourth quarter of the financial year 2024-25 widened to ₹88 crore along with a decline in the top line. The real estate major's stock fell as much as 9.98 per cent during the day to ₹258.9 per share, the biggest intraday loss since April 7 this year. As of 11:15 AM, the stock was down 9.3 per cent at ₹239 apiece, compared to a 0.52 per cent decline in Nifty50. Shares of the company currently trade at the lowest level since May 14 this year, and have fallen 36 per cent this year, compared to a 4.1 per cent advance in the benchmark Nifty50. Puravankara has a total market capitalisation of ₹5,695.15 crore, according to BSE data. Puravankara Q4 results The Bengaluru-headquartered company saw its fourth quarter loss widen to ₹88 crore, from a loss of ₹6.71 crore in the same quarter last financial year. Revenue from operations for the quarter declined 40.4 per cent to ₹563.7 crore from ₹946.8 crore in the corresponding period of the previous year. The company's inventory rose to ₹430 crore in Q4FY25, up from ₹45.48 crore in the same quarter last year. The land purchase cost more than doubled to ₹191.8 crore from ₹87.6 crore during the period. Sub-contractor costs also rose to ₹424 crore versus ₹397 crore, contributing to the overall income turning negative. In Q4FY25, pre-sales stood at ₹1,282 crore, driven by a sales volume of 1.42 million square feet and collections of ₹946 crore. For the full year FY25, the company achieved pre-sales of ₹5,006 crore, with a sales volume of 5.67 million square feet and a 10 per cent year-on-year (Y-o-Y) increase in sales realisation. 'FY25 saw record sustenance sales, and our western India investments are now poised to come to market. We are also actively pursuing several major redevelopment projects," said Ashish Puravankara, Managing Director of Puravankara. "With over 13.5 million square feet in the pipeline group-wide, and key approvals in place, we are optimistic about delivering long-term value to all stakeholders while reinforcing our legacy of trust and innovation.' Puravankara FY26 outlook
&w=3840&q=100)
Business Standard
33 minutes ago
- Business Standard
Anil Ambani Reliance group stock hits 7-yr high; zooms 101% from March low
Reliance Power share price today Shares of Reliance Power hit a seven-year high of ₹62.80, as they rallied 8 per cent on the BSE in Monday's intra-day trade in an otherwise weak market. The stock price of this power generation company was trading at its highest level since January 2018. The stock price of Anil Ambani Reliance group company quoted higher for the third straight day, surging 24.5 per cent during the period. Thus stock soared 57 per cent in May month; while it has more-than-doubled or zoomed 101 per cent from its March month low of ₹31.30 on the BSE. At 11:11 AM; Reliance Power was trading 7 per cent higher at ₹62.34, as compared to 0.51 per cent decline in the BSE Sensex. The counter has seen huge trading volumes; with a combined 311.45 million equity shares changing hands on the NSE and BSE. On May 28, 2025, Reliance Power subsidiary, Reliance NU Energies Private Limited (Reliance NU Energies), received the Letter of Award (LOA) from SJVN Limited, a Navratna Central Public Sector Enterprise, for a 350 MW inter-state transmission system (ISTS)-connected solar power project coupled with a 175 MW/700 MWh Battery Energy Storage System (BESS). Once commissioned, the platform will add 600 MW of solar DC capacity, and 700 MWh of BESS capacity to Reliance Power's portfolio, consolidating its leadership in new energy solutions. The company's total clean energy pipeline now stands at 2.4 GW of Solar DC capacity and over 2.5 GWH of BESS capacity, making it India's largest player in the integrated Solar + BESS segment, Reliance Power said. Reliance NU Energies had earlier emerged as the successful bidder in the competitive auction conducted by SJVN, securing the project at a fixed tariff of ₹3.33/kWh for a period of 25 years. The project was part of a larger 1,200 MW solar + 600 MW/2,400 MWh BESS tender, which attracted participation from 19 developers, with 18 qualifying for the final e-reverse auction. The tender was oversubscribed by more than 4 times, reflecting heightened industry interest in dispatchable renewable energy solutions, the company said. On May 19, Reliance Power signed a commercial term sheet for long-term Power Purchase Agreement (PPA) with Green Digital Private Limited (GDL), owned by Druk Holding and Investments Limited (DHI), the investment arm of the Royal Government of Bhutan. This groundbreaking initiative is expected to play a pivotal role in advancing regional clean energy integration, and enhancing cross-border infrastructure collaboration across South Asia. Reliance Power and DHI will jointly develop Bhutan's largest solar power project through a 50:50 venture, with an installed capacity of 500 MW. The project entails a capital outlay of up to ₹ 2,000 crore under Build-Own-Operate (BOO) model, representing the largest private sector foreign direct investment (FDI) in Bhutan's solar energy sector to date, Reliance Power said in a press release. Reliance Power's, 100 per cent subsidiary Reliance NU Suntech Private Limited, has recently signed a definitive 25-year PPA with the Solar Energy Corporation of India (SECI) to develop Asia's largest integrated BESS project. The transformational project will have a solar power capacity of 930 MW, paired with 465 MW/1860 MWh BESS, and will have an investment outlay of up to ₹10,000 crore. The project will operate at a competitive fixed tariff of ₹3.53/ kWh for the full PPA term of 25 years, providing long-term revenue visibility, the company said. Meanwhile, for the January to March 2025 quarter (Q4FY25), Reliance Power posted a consolidated net profit of ₹ 126 crore due to lower expenses. The company had reported a loss of ₹397.56 crore in the quarter ended on March 31, 2024. Total income dipped to ₹2,066 crore in the fourth quarter from ₹2,194 crore in the same period a year ago. Reliance Power said total debt servicing including maturity repayment in 12 months of ₹5,338 crore. Debt to equity among the lowest in the industry reduced from 1.61:1 in FY24 to 0.88:1 in FY25. About Reliance Power Reliance Power, part of the Reliance Group, is one of India's leading private sector power generation companies. The company has an operating portfolio of 5,305 megawatts, that includes 3960 megawatts Sasan Power Limited (world's largest integrated coal based power plant). For the past seven years, Sasan Power has consistently ranked as the best operating power plant in India.
Business Standard
33 minutes ago
- Business Standard
Piramal Pharma's Canada facility gets zero USFDA observation
Piramal Pharma announced that the United States Food and Drug Administration (USFDA) has completed a general good manufacturing practices (GMP) inspection at its manufacturing facility in Aurora, Canada. According to a regulatory filing, the inspection was carried out from 26 May 2025 to 30 May 2025. At the conclusion of the inspection, the USFDA issued a zero-observation report in Form 483 and granted a no action indicated (NAI) designation. The company remains dedicated to maintaining the highest standards of compliance. Piramal Pharma (PPL) offers a portfolio of differentiated products and services through end-to-end manufacturing capabilities across 17 global facilities and a global distribution network in over 100 countries. PPL includes Piramal Pharma Solutions (PPS), an integrated Contract Development and Manufacturing Organization; Piramal Critical Care (PCC), a Complex Hospital Generics business; and the India Consumer Healthcare business, selling over-the-counter products. The companys consolidated net profit jumped 51.6% to Rs 153.50 crore on 7.9% rise in revenue from operations to Rs 2,754.07 crore in Q4 FY25 over Q4 FY24. Shares of Piramal Pharma rose 0.36% to Rs 207.05 on the BSE.
