Latest news with #Sail
News18
3 days ago
- Business
- News18
SAIL Shares In Red Despite Q4 Net Profit Jumps 9x Sequentially To Rs 1,251 Cr, Dividend Announced
Last Updated: SAIL Share Price: The Board of Directors have recommended the Final Dividend @ Rs.1.60 /- per equity share of Rs.10/- each for the Financial Year 2024-25. Sail Share Price: Shares of Steel Authority of India Limited (Sail) traded in red at Rs 128.93 apiece with a dip of 0.023 per cent intraday on Thursday after a positive opening at Rs 131.75 apiece against the previous day close at Rs 128.96 apiece. The weakness in share price remained despite PSU declared a net profit of Rs 1,251 crore for the quarter ended March 31, 2025. It reflected a jump of 11 per cent year-on-year from Rs 1,125 crore in the corresponding quarter of the previous fiscal year. On a sequential basis, the steel major posted almost 9x gain from Rs 141.69 crore in Q3FY25. The rise in the profit of SAIL came due to improved performance across key steel plants and decrease in input costs. The company's earnings per share (EPS) also reflected this growth, rising to Rs 2.85 from Rs 0.30 in the previous quarter and Rs 2.45 a year ago. EBITDA for the quarter stood at approximately Rs 3,781 crore, slightly lower than Q4 FY24 but notably higher than Q3 FY25, showing an improvement of about 58% sequentially. EBITDA margin came in at 12.9%, dipping slightly year-on-year but improving significantly from 9.76% in the previous quarter. Net profit margin also saw an uptick to 4.02%, as compared to 3.62% in Q4 FY24 and just 0.51% in Q3 FY25, indicating better cost control and operational efficiency during the quarter. On Wednesday, shares of SAIL settled in green at Rs 128.80 apiece with a gain of 0.19 per cent on BSE. It opened at Rs 128.45 apiece, against the previous day close at Rs 128.55 apiece. For the financial year ended March 31, 2025 (FY25), Steel Authority of India Ltd (SAIL) posted a slight decline in its overall performance compared to the previous year. The company reported revenue of Rs 1,02,478 crore, down 2.7% from Rs 1,05,375 crore in FY24. Profit after tax (PAT) stood at Rs 2,148 crore, a drop of 21.4% year-on-year. As a result, earnings per share (EPS) fell to Rs 5.20 from Rs 6.62 in the previous year. EBITDA for FY25 was approximately Rs 11,764 crore, down around 4.2% from Rs 12,279 crore in FY24. The EBITDA margin saw a minor dip to 11.48%, compared to 11.65% last year. Net profit margin also came down to 2.10% from 2.59%, indicating some pressure on profitability despite a relatively stable operational performance. SAIL Dividend 2025 The Board of Directors have recommended the Final Dividend @ Rs.1.60 /- per equity share of Rs.10/- each for the Financial Year 2024-25 (16% of the paid up equity share capital of the Company). The said Final dividend for FY 2024-25 will be paid within 30 days from the date of approval by the Shareholders in the ensuing Annual General Meeting, the date of which will be intimated in due course. 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. First Published: May 29, 2025, 07:51 IST
News18
3 days ago
- Business
- News18
SAIL Shares In Focus As Q4 Net Profit Jumps 9x Sequentially To Rs 1,251 Cr, Dividend Announced
Last Updated: SAIL Share Price: The Board of Directors have recommended the Final Dividend @ Rs.1.60 /- per equity share of Rs.10/- each for the Financial Year 2024-25. Sail Share Price: Shares of Steel Authority of India Limited (Sail) are in the spotlight after PSU declared a net profit of Rs 1,251 crore for the quarter ended March 31, 2025. It reflected a jump of 11 per cent year-on-year from Rs 1,125 crore in the corresponding quarter of the previous fiscal year. On a sequential basis, the steel major posted almost 9x gain from Rs 141.69 crore in Q3FY25. The rise in the profit of SAIL came due to improved performance across key steel plants and decrease in input costs. The company's earnings per share (EPS) also reflected this growth, rising to Rs 2.85 from Rs 0.30 in the previous quarter and Rs 2.45 a year ago. EBITDA for the quarter stood at approximately Rs 3,781 crore, slightly lower than Q4 FY24 but notably higher than Q3 FY25, showing an improvement of about 58% sequentially. EBITDA margin came in at 12.9%, dipping slightly year-on-year but improving significantly from 9.76% in the previous quarter. Net profit margin also saw an uptick to 4.02%, as compared to 3.62% in Q4 FY24 and just 0.51% in Q3 FY25, indicating better cost control and operational efficiency during the quarter. advetisement On Wednesday, shares of SAIL settled in green at Rs 128.80 apiece with a gain of 0.19 per cent on BSE. It opened at Rs 128.45 apiece, against the previous day close at Rs 128.55 apiece. For the financial year ended March 31, 2025 (FY25), Steel Authority of India Ltd (SAIL) posted a slight decline in its overall performance compared to the previous year. The company reported revenue of Rs 1,02,478 crore, down 2.7% from Rs 1,05,375 crore in FY24. Profit after tax (PAT) stood at Rs 2,148 crore, a drop of 21.4% year-on-year. As a result, earnings per share (EPS) fell to Rs 5.20 from Rs 6.62 in the previous year. EBITDA for FY25 was approximately Rs 11,764 crore, down around 4.2% from Rs 12,279 crore in FY24. The EBITDA margin saw a minor dip to 11.48%, compared to 11.65% last year. Net profit margin also came down to 2.10% from 2.59%, indicating some pressure on profitability despite a relatively stable operational performance. SAIL Dividend 2025 The Board of Directors have recommended the Final Dividend @ Rs.1.60 /- per equity share of Rs.10/- each for the Financial Year 2024-25 (16% of the paid up equity share capital of the Company). The said Final dividend for FY 2024-25 will be paid within 30 days from the date of approval by the Shareholders in the ensuing Annual General Meeting, the date of which will be intimated in due course. 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. Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. First Published: May 29, 2025, 07:51 IST
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Business Standard
3 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.
The Citizen
07-05-2025
- Entertainment
- The Citizen
Local jockeys good enough for world league
Riding excellence a highlight as KZN's new era dawns. It was a joyous occasion when the KwaZulu-Natal Champions Season cavalcade got rolling at Greyville at the weekend. It marked operator Gold Circle's first race meeting under the new ownership of Hollywood Sportsbook, the saviour of horse racing in the province. Appropriately, Gold Circle boss Michel Nairac, wearing his horse owner hat, led in a feature winner in the shape of the redoubtable Gladatorian. There were plenty of other positive aspects. For example, Justin Snaith declared the present three-year-old crop the best he'd seen – minutes after two of his star sophomores, Sail The Seas and Eight On Eighteen, had completed the Exacta in the WSB Guineas (Grade 2) and sounded a warning that the champion trainer's raiding party from Cape Town would be formidable opponents over the next few months. The excellence of jockeyship was another feature of the day. Muzi Yeni wins on Sail The Seas Local jocks have been guilty of all sorts of silly behaviour lately, but most of them remain, on the whole, very good riders of racehorses. As has been proven many times, South African jockeys can hold their own anywhere in the world and the best of them are the equal of anyone in a saddle. In the East Coast Cup over 2000m, underrated Serino Moodley showed off his good judgement of pace and conditions in bringing Mascherina from near the tail of the field, in heavy going, to win going away up the inside rail. Next, it was Sean Veale with a well-timed challenge on Gladatorian, nabbing highly rated See It Again in the last strides of the Drill Hall Stakes. Then champion jockey Richard Fourie was at his hard-driving best in landing the WSB Fillies Guineas on Mon Petit Cherie. Perhaps the ride of the day came from Muzi Yeni as he kept Sail The Seas sailing to hold off determined challenges from Eight On Eighteen and Cosmic Speed – two of the exemplars of Snaith's golden crop of three-year-olds. The wealth of talent in South African saddles was pulled into focus by the announcement of an international jockeys' super league that will start next year. The 12 riders signed for the new global competition are superstars: Frankie Dettori (Italy/UK/US), Ryan Moore (UK), William Buick (UK), James McDonald (New Zealand/Australia), Joao Moreira (Brazil/Japan/Australia), Zac Purton (Australia/Hong Kong), Christophe Lemaire (France/Japan), Mickael Barzalona (France), Yutaka Take (Japan), Irad Ortiz Jr (Puerto Rico/US), Flavien Prat (France/US), Vincent Ho (Hong Kong) Top SA jockeys South Africa, a relative global racing backwater, would not have expected representation in such company. Yet they wouldn't have been outclassed. The likes of Michael Roberts, Douglas Whyte and Jeff Lloyd flew the flag with honour in the past, while Luke Ferraris, Warren Kennedy and Ryan Munger are current emissaries. Organisers of the new league plan up to 10 fixtures of six-race contests, with Ascot and York in England, Leopardstown and the Curragh in Ireland and Longchamp and Chantilly in France mentioned as possible venues. 'The franchise-based league structure allows a range of commercial and investment opportunities to be progressed and we firmly believe the concept we've developed with our foundation jockeys can help revolutionise global horseracing in the coming years,' said Lachlan Fitt, one of the founders, adding that other jockeys will be drafted into the league as it develops. Female jockeys will probably be the first additions. South African racing fans wouldn't be deluded in thinking of their sole female rider Rachel Venniker as a candidate.
Epoch Times
01-05-2025
- Epoch Times
Want Your Florida Vacation to Make Waves? Set Sail on a Dolphin Cruise at Panama City Beach
By Hunter Boyce The Atlanta Journal-Constitution The weather is warming up. The wildlife are waking up. Winter is finally over. Travelers, it's time for an awesome outdoor adventure. Sailing through the seas off Florida's Panama Beach, Island Time Sailing has earned a five-star rating on Tripadvisor with cruises dedicated to showing off wild dolphins, snorkeling for seashells, and classic 'fun in the sun' relaxation. It might be one of the best ways to break into spring this year. What is Island Time Sailing? Found at the Lagoon Pontoons Marina in Panama City Beach, Florida, Island Time Sailing is a catamaran cruise company. Catamarans are different from ordinary sail boats in a few ways. They feature two hulls, making them more spacious and are more stable on the water. The company uses two catamarans to conduct its cruises: the Island Time and the Island Time II. The Island Time is a 50-foot-long vessel, while the Island Time II is three feet longer. Each boat takes a maximum of 65 passengers each trip and both have two bathrooms below deck. Whichever boat passengers find themselves on, the cruises' focus will be the same: dolphins. What is There To Do? Island Time Sailing has two packages on offer: Shell Island Snorkel & Sail and the Dolphin Sunset Cruise. The Shell Island Snorkel & Sail package is a three hour cruise with classic 'fun in the sun' on offer. Visitors will sail on the 'Island Time' catamaran across St. Andrews Bay for dolphin watching along Panama City Beach. The boat will then drop anchor at Shell Island so patrons can snorkel, hunt for seashells, and relax for about an hour. Related Stories 4/5/2024 3/27/2024 'Snorkeling on Island Time is an unforgettable experience,' according to the company's website. 'The calm, warm waters of the gulf are perfect for both beginners and experienced snorkelers. Take an adventure searching through the vibrant marine life near Shell Island. 'Around Shell Island you may find starfish, seashells, and all different fish. Our knowledgeable crew will guide you through the fun and interesting sights while answering any questions you may have.' The boat will then set sail for the Gulf of Mexico for some more dolphin watching. Then it's back to Panama City Beach for some of Island Time Sailing's 'famous rum punch.' 'We always hope the conditions will line up just right and it's pretty rare not to see dolphins, but the itinerary is based on the weather and conditions for your safety and enjoyment,' the website notes. 'The cruise back to the dock is a fun sailing party at Panama City Beach with upbeat music, games, and dancing.' The Dolphin Sunset Cruise is shorter, relaxing and more family friendly. The two-hour cruise takes visitors by St. Andrew's State Park and then onward to the Gulf of Mexico and back—all to see Panama City Beach's famous flippered friends. 'The dolphins are usually plentiful during our sunset dolphin tours, and we sometimes catch a glimpse of them leaping out of water or see a baby swimming alongside mom,' according to the website. 'Even our locally-based crew gets excited for those special occasions! If the Gulf is a little rough, our dolphin watching sailing cruise heads through St. Andrews Bay, plentiful with dolphins and brilliant sunsets over the water.' How Much Does it Cost? The Shell Island Snorkel & Sail package, which includes snorkel gear, costs $49 for people 13 and older, $35 for children 3 to 12, and $10 for infants up to 2 years old. The Dolphin Sunset Cruise costs $49 for people 13 and older and $35 for younger children. Two-dollar snacks and nonalcoholic drinks will be available through either package, as well as stocked bars for alcoholic drinks. To book a trip, visit i Copyright 2025 The Atlanta Journal-Constitution. Visit at Distributed by Tribune Content Agency, LLC. Dear Readers: We would love to hear from you. What topics would you like to read about? Please send your feedback and tips to
