Latest news with #NationalSteelPolicy
Business Standard
5 days ago
- Business
- Business Standard
SAIL rises after Q4 PAT gains 16% YoY to Rs 1,178 cr
Steel Authority of India (SAIL) rose 1.20% to Rs 130.35 after the company's standalone net profit advanced 16.49% to Rs 1,177.96 crore, while revenue from operations rose 4.86% to Rs 29,316.08 crore in Q4 March 2025 over Q4 March 2024. During the quarter, profit before exceptional items and tax stood at Rs 1,593.39 crore, down 12.97% compared with the previous quarter. The steelmaking company reported an exceptional loss of Rs 29.41 crore in the same quarter of the previous fiscal year. EBITDA came in at Rs 3,781 crore, down 1.25% YoY and up 58.27% sequentially. Total expenses declined 1.73% to Rs 26,023.15 crore in Q4 FY25 over Q4 FY24. During the quarter, the cost of materials consumed stood at Rs 11,251.23 crore (down 25.51% YoY), while employee benefits expense was at Rs 3,288.18 crore (up 15.79% YoY). Sales volume stood at 5.33 million metric tons (MT) in Q4 FY25 as against 4.56 MT in Q4 FY24, while crude steel production was at 5.09 MT during the quarter, compared with Rs 5.02 MT posted in the same quarter last year. On the margins front, the firms operating margin declined to 12.90% in Q4 FY25, compared with 13.69% recorded in Q4 FY24, while the net profit margin improved to 4.02% in Q4 FY25 from 3.62% registered in the corresponding quarter of the previous fiscal year. The company's net profit surged 836.38%, while net sales rose 19.71% in Q4 March 2025 over Q3 December 2024. For the full year FY25, revenue from operations fell 2.75% to Rs 1,02,478.19 crore, while net profit fell 21.41% to Rs 2,147.96 crore. Amarendu Prakash, chairman at SAIL, said, In an evolving global steel landscape shaped by shifting trade policies and import dynamics, SAIL continues to demonstrate resilience and strategic agility. Our latest financial results underscore our commitment to operational efficiency, sustainable growth, and value creation for stakeholders. Amidst challenges posed by international tariffs and import pressures, which were 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 the National Steel Policy. Meanwhile, the board of directors has recommended a final dividend of Rs 1.60 per Rs 10 equity share for FY 2024-25, 16% of the paid-up capital. The dividend will be paid within 30 days of shareholder approval at the upcoming AGM, the date of which will be announced later. Steel Authority of India (SAIL) is the leading steel-making company in India. The company is a fully integrated iron and steel maker, producing both basic and special steels for domestic construction, engineering, power, railway, automotive, and defense industries and for sale in export markets.
Hans India
6 days ago
- Business
- Hans India
SAIL records 16.5 pc rise in q4 net profit, declares Rs 1.60 dividend
New Delhi: Government-owned steel behemoth SAIL has recorded a standalone net profit of Rs 1,178 crore for the January-March quarter of 2024-25, which represents a 16.5 per cent increase over the corresponding figure of Rs 1,011 crore for the same quarter of the previous year. The company has proposed a final dividend of Rs 1.60 per share (face value Rs 10 per share) subject to the approval of Shareholders at the ensuing annual general meeting (AGM). SAIL's revenue from operations increased to Rs 29,316 crore during the fourth quarter of 2024-25, which represents a 4.9 per cent increase over the corresponding figure of from Rs 27,958 crore during the same quarter of the previous year. The public sector giant's sale volume shot up to 5.33 million tonnes during the quarter compared to 4.56 million tonnes in the same period of the previous financial year. The PSU's revenue from operations stood at Rs 29,316.14 crore in Q4 FY25, up 4.9 per cent from Rs 27,958.52 crore in the year-ago period. Compared to Q3FY25, revenue grew 19.7 per cent from Rs 24,489.91 crore. For the full financial year, SAIL's consolidated net profit stood at Rs 2,371.82 crore. The company's revenue from operations for the financial year stood at Rs 1,02,479.06 crore, marginally down from Rs 1,05,378.33 crore recorded in FY24. SAIL Chairman and Managing Director Amarendu Prakash said that 'In an evolving global steel landscape shaped by shifting trade policies and import dynamics, SAIL continues to demonstrate resilience and strategic agility. Our latest financial results underscore our commitment to operational efficiency, sustainable growth, and value creation for stakeholders.' 'Amid 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 optimisation and planned future expansion in line with National Steel Policy,' he added.
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Business Standard
6 days ago
- Business
- Business Standard
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.
eNCA
20-05-2025
- Business
- eNCA
India steel plans threaten global emissions goals: report
BANGKOK - India's plans to massively expand coal-based steel and iron production threaten global efforts to reduce the sector's carbon emissions, a key contributor to climate change, a report said on Tuesday. The sector accounts for 11 percent of global carbon dioxide emissions, and India aims to double production by 2030. Switching from coal-dependent blast furnaces to electric arc furnaces (EAFs), which produce significantly fewer emissions, could reduce that figure. EAF production is projected to make up 36 percent of the sector by 2030, but that falls short of the 37 percent the International Energy Agency (IEA) says is needed to stay on track for net-zero by 2050. "The only realistic way to meet that 37 percent goal is with a change of plans from India," said Astrid Grigsby-Schulte from the Global Energy Monitor (GEM) think tank. That seemingly marginal one-percent difference "represents tens of millions of tonnes of CO2 generation", Grigsby-Schulte told AFP. EAFs generally rely on melting scrap steel, a process that does not use coal. They produce significantly fewer emissions, even when they rely on electricity from coal-dependent grids. Meeting the 2030 target is "critical", she said, "not only because of emissions immediately avoided, but also because it means we are laying the necessary groundwork for broader decarbonisation by 2050." China currently dominates global steel production, but its sector is stagnant. Meanwhile, India, which targets carbon neutrality only by 2070, plans to massively expand domestic capacity. And the majority of India's announced steel development plans involve higher-emissions blast furnace production, in a country whose steel industry is already the world's most carbon intensive. However, there is a growing gap between India's steel capacity plans and actual developments on the ground, GEM said. Just 12 percent of its announced new capacity has come online since the country released its 2017 National Steel Policy. The comparable figure for China is 80 percent, GEM said. That suggests India's "ambitious growth plans are more talk than action thus far," the group added. And it "leaves a huge percentage of their development plans that could still shift to lower-emissions technologies," added Grigsby-Schulte. Demand for steel is continuing to grow, and the iron and steel industry is expected to be one of the last to continue using coal in the IEA's 2050 net-zero pathway. The organisation has warned that the sector needs to "accelerate significantly" to meet 2050 targets, including with innovative production methods that are currently in their infancy.
France 24
20-05-2025
- Business
- France 24
India steel plans threaten global emissions goals: report
The majority of India's announced steel development plans involve higher-emissions blast furnace production, in a country whose steel industry is already the world's most carbon intensive The sector accounts for 11 percent of global carbon dioxide emissions, and India aims to double production by 2030. Switching from coal-dependent blast furnaces to electric arc furnaces (EAFs), which produce significantly fewer emissions, could reduce that figure. EAF production is projected to make up 36 percent of the sector by 2030, but that falls short of the 37 percent the International Energy Agency (IEA) says is needed to stay on track for net-zero by 2050. "The only realistic way to meet that 37 percent goal is with a change of plans from India," said Astrid Grigsby-Schulte from the Global Energy Monitor (GEM) think tank. That seemingly marginal one-percent difference "represents tens of millions of tonnes of CO2 generation", Grigsby-Schulte told AFP. EAFs generally rely on melting scrap steel, a process that does not use coal. They produce significantly fewer emissions, even when they rely on electricity from coal-dependent grids. Meeting the 2030 target is "critical", she said, "not only because of emissions immediately avoided, but also because it means we are laying the necessary groundwork for broader decarbonisation by 2050." China currently dominates global steel production, but its sector is stagnant. Meanwhile India, which targets carbon neutrality only by 2070, plans to massively expand domestic capacity. Steel production techniques © John SAEKI / AFP And the majority of India's announced steel development plans involve higher-emissions blast furnace production, in a country whose steel industry is already the world's most carbon intensive. However, there is a growing gap between India's steel capacity plans and actual developments on the ground, GEM said. Just 12 percent of its announced new capacity has come online since the country released its 2017 National Steel Policy. The comparable figure for China is 80 percent, GEM said. That suggests India's "ambitious growth plans are more talk than action thus far," the group added. And it "leaves a huge percentage of their development plans that could still shift to lower-emissions technologies," added Grigsby-Schulte. Demand for steel is continuing to grow, and the iron and steel industry is expected to be one of the last to continue using coal in the IEA's 2050 net-zero pathway. The organisation has warned that the sector needs to "accelerate significantly" to meet 2050 targets, including with innovative production methods that are currently in their infancy. © 2025 AFP
