Latest news with #SAIL
Mint
2 days ago
- Business
- Mint
Strong domestic demand, firm steel prices to keep SAIL in focus
After two lacklustre quarters, Steel Authority of India Ltd (SAIL) reported a rebound in performance in the March quarter (Q4FY25), driven by lower raw material costs and improved sales volumes—even as selling prices remained under pressure. SAIL's earnings before interest, tax, depreciation and amortization (Ebitda) stood at ₹3,500 crore in Q4FY25, slightly higher on a year-on-year basis. This marks a turnaround after a 5% decline in Q3 and a steep 40% drop in Q2. The blended realization for the quarter fell 10% from a year earlier to ₹55,000 per tonne. However, the company managed to offset this decline with a 9% rise in sales volumes (excluding volumes sold on behalf of NMDC Steel) and a drop in coking coal prices by about ₹1,500 per tonne. The company sold 0.36 million tonnes (mt) of steel on behalf of NMDC Steel under an agreement that provides for a fixed trading margin. Also read: Govt may harness public sector undertakings to drive green steel consumption Improved margins The company's Ebitda per tonne (adjusted for NMDC volumes) improved to ₹7,000 in Q4, up from ₹4,550 in Q3FY25, though lower than ₹7,620 reported in Q4FY24. Domestic steel prices have been under pressure due to a rise in imports, particularly flat products, which make up 95% of the imported steel. However, prices have started recovering—rising by about ₹3,000 per tonne—after the imposition of a safeguard duty on imports in April. Prices are expected to improve further after the monsoon, according to the company. The global outlook also offers some relief, with the World Steel Association projecting a rebound in consumption in 2025 after three years of decline. For FY25, SAIL's revenue dropped 3% to ₹1.02 trillion due to lower realizations, even though sales volumes rose. Ebitda for the full year declined 4% to ₹10,630 crore. The company has set a sales volume target of 19.2 mt for FY26, up from 17.9 mt in FY25. Also read: JSW-Bhushan case: Time to rewrite India's insolvency code? Operational efficiencies helped SAIL save ₹650 crore in FY25 through measures like reduced fuel consumption and higher throughput at efficient plants. Employee cost also declined during the year, despite a one-off adjustment in Q4, with a reduction in manpower and management expects savings of ₹400-500 crore in FY26. The company's plant-wise earnings reflect the disparity in steel product categories. While Ebit (earnings before interest and taxes) at Bokaro and Rourkela plants—focused on flat products—dropped 66%, Ebit at long-product-focused IISCO and Bhilai plants rose 25%. Capacity expansion plans SAIL aims to increase its total steelmaking capacity to 35 million tonnes per annum (mtpa) by FY31, up from the current 20 mtpa. The first phase of expansion, involving debottlenecking to add 2–3 mtpa, is expected by FY28. Capital expenditure (capex) is budgeted at ₹7,500 crore for FY26, up from ₹6,400 crore in FY25. Peak annual capex could reach ₹10,000 crore in FY28-29, which may put temporary pressure on the balance sheet—similar to the strain seen during the last expansion cycle between 2010 and 2020. SAIL shares have gained about 15% so far in 2025, buoyed by signs of a steel market recovery. Analysts say that trends in steel pricing and volumes will be key to determining future performance. Nuvama Institutional Equities expects the company to deliver 21% CAGR Ebitda growth over FY25–27, supported by stronger prices and lower coking coal costs. Also read: Steel prices climb as 'safeguard' duty looms, user industries warn of cost inflation
Business Standard
2 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
3 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.
New Indian Express
3 days ago
- Business
- New Indian Express
Indian markets open on a positive note amid positive global cues
CHENNAI: On Thursday, May 29, Indian stock markets opened on a positive note, buoyed by favorable global cues and a rebound in investor sentiment. Market Overview At 9:18 AM, Nifty50 was trading at 24,868.00, up 116 points or 0.47%, and BSE Sensex was at 81,753.20, up 441 points. 500 points GIFT Nifty futures indicated a strong start, trading 82.50 points higher at 24,830, suggesting a positive opening for the Nifty 50 index. Asian markets also showed strength, with major indices trading higher, reflecting a global risk-on sentiment. Sectoral Performance Financials led the gains, with banks and financial services stocks showing positive momentum. Pharmaceuticals also witnessed buying interest, continuing their recent outperformance. Real Estate stocks gained traction, supported by positive sector-specific developments. Key Stocks to Watch IndusInd Bank is in focus following recent developments. IRCTC and SAIL are also among the top stocks to watch today. Deepak Nitrite and Bajaj Auto are expected to be active based on recent news and analyst recommendations.
News18
3 days ago
- Business
- News18
Dividend Stocks: SAIL, IRCTC, Bata, Cummins Among Several Shares Announced Final Payout For FY25
Last Updated: SAIL, IRCTC, Cummins India, and Bata India announced interim or final dividends with their Q4 FY25 results, pending shareholder approval at upcoming AGMs. Dividend Stocks: Steel Authority of India Limited (SAIL), IRCTC, Cummins India, Bata India, among several companies have announced either interim or final dividends along with their Q4 FY25 results. Check record or payment dates for these announced dividends. SAIL Final Dividend 2025 Steel Authority of India Limited (SAIL) plans to give a final dividend of Rs 1.60 per equity share for the fiscal year 2024-2025, equating to 16% of the paid-up equity share capital. This will be disbursed within 30 days after receiving shareholder approval at the next AGM. SAIL will notify the record date in due time. Cummins India Final Dividend 2025 Cummins India Limited has announced a final dividend of Rs 33.50 per equity share for the fiscal year 2024-2025, pending approval at the AGM. This comes after the interim dividend of Rs 18 per equity share declared in February 2025. The final dividend is expected to be paid around September 2025. Bata India Final Dividend 2025 Bata India, during its recent meeting, recommended a final dividend of Rs 9 per equity share for the fiscal year ending March 31, 2025, subject to AGM approval. This is in addition to the interim dividend of Rs 10 per equity share, announced in August 2024 and paid in September. If approved, the final dividend will be distributed starting August 25. Deepak Nitrite Final Dividend 2025 IRCTC Final Dividend 2025 Indian Railway Catering and Tourism Corporation Ltd (IRCTC) has proposed a final dividend of Rs 1 per equity share for the fiscal year 2024-2025, with a face value of Rs 2 each, representing 50% of the paid-up share capital. This proposal is subject to shareholder approval at the upcoming Annual General Meeting (AGM). This final dividend is in addition to the interim dividends already paid out: Rs 4 per share in November 2024 and Rs 2 per share in March 2025. HeidelbergCement India Dividend 2025 HeidelbergCement India Ltd's board has recommended a 70% dividend of Rs 7 per equity share for the fiscal year ending March 31, 2025, subject to shareholder approval at the next AGM. The 66th AGM will be held on September 24, 2025, with September 17, 2025, designated as the record date for determining eligible members for the dividend. Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
