Latest news with #Sail
Hans India
01-08-2025
- Business
- Hans India
SAIL readies Rs 7,500-cr capex for FY26
State-owned steel maker Sail is looking to spend Rs7,500 crore as capex in the ongoing fiscal, 25 per cent higher from FY25, to expand capacities across plants, a senior company official said. SAIL, which is India's largest steel player in public sector, is in expansion mode and working to scale up its overall capacity to 35 million tonne (MnT) by 2030 from a combined 20 MnT capacity of its five integrated plants (ISPs) spread across Odisha, Jharkhand, Chhattisgarh and West Bengal, at an outlay of nearly Rs1 lakh crore. 'Capex last year was close to Rs6,000 crore. And this year, we have kept a target of Rs7,500 crore throughout the year, which is a higher target,' Sail Director, Finance, Ashok Kumar Panda told PTI responding to a question on company's investment plans. The capex has already been approved by the board and SAIL is confident to achieve it by end of the fiscal. In the April-June, SAIL has already spent Rs1,642 crore, which is more than the target set for the first quarter, he said. Sharing details of the expansion plan, Panda said tendering activities are ongoing at IISCO Steel Plant (West Bengal), where a 4.5 MTPA expansion is planned. The plant has a current capacity of 2.5 MT. At Durgapur Steel Plant (DSP), a brownfield expansion plan is in progress to increase output to 3.09 MTPA from current 2.2 MTPA, along with a greenfield expansion. For other plants, expansion plans are under consideration. The expansion plans for Bhilai Steel Plant (BSP) in Chhattisgarh, Bokaro Steel Plant in Jharkhand, and Rourkela Steel Plant (RSP) in Odisha are being worked out accordingly. When asked about the expectations from the coming quarters for the company, Panda said: 'You already know we reported a multi-fold rise in consolidated net profit (Rs885.93 cr) in Q1 driven by improved operational efficiency, better cash flow and strong growth in sales volume.' Better cashflow has resulted in substantial reduction in borrowings. Sail will work towards that to maintain the momentum in the remaining three quarters as well, the Director said. Sail's saleable steel production (finished steel) during the quarter stood at 4.7 million tonnes as against 4.2 million tonne in the year-ago period, registering a growth of 12 per cent.
Business Wire
02-06-2025
- Business
- Business Wire
Sail Biomedicines to Present New Preclinical Data on Malaria eRNA™ Vaccine Candidates at the 2025 Grand Challenges Annual Meeting
CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Sail Biomedicines, a Flagship Pioneering company and leader in RNA-based programmable medicines, today announced that it will present new preclinical data from its malaria vaccine program at the 2025 Grand Challenges Annual Meeting, taking place virtually June 1-4. The findings highlight the potential of Sail's Endless RNA™ (eRNA) platform to enable durable antigen expression and drive potent immune responses for protection from malaria challenge. "By engineering RNA for extended stability and translation, we are demonstrating the potential of Sail's eRNA platform to support the next generation of vaccines,' said Amy Espeseth, Ph.D., SVP, Head of Integrated Sciences at Sail Biomedicines. Share At the meeting, Sail will present new preclinical results demonstrating that its AI-driven design of eRNA vaccine candidates encoding a R21-based malaria antigen successfully formed virus-like particles with durable expression in vitro. In mouse immunogenicity studies, two doses of eRNA R21 vaccines generated robust anti-PfCSP antibody responses, with titers equal to and exceeding those reported for three doses of licensed malaria vaccines in published studies. In a mouse malaria challenge model, two doses of Sail's lead eRNA vaccine candidate substantially reduced liver parasite burden and achieved sterile protection in 53% of animals, suggesting a potential advantage over licensed malaria vaccines that are administered over three doses. 'These results demonstrate how Sail's eRNA platform can address key challenges in vaccine development, particularly by supporting more potent immune responses with a reduced dosing regimen,' said Amy Espeseth, Ph.D., SVP, Head of Integrated Sciences at Sail Biomedicines, who will be delivering the presentation. 'We believe that platforms like eRNA could play an important role in enabling more effective prevention of diseases like malaria.' Sail's malaria vaccine program, supported by funding from the Gates Foundation, focuses on optimizing the eRNA payload using AI to maximize antigen expression and durability of immune response. The vaccine candidates leverage Sail's proprietary Endless RNA format, which is engineered to resist degradation and extend translation, providing the opportunity for stronger, longer-lasting immune responses compared to conventional vaccine modalities. "By engineering RNA for extended stability and translation, we are demonstrating the potential of Sail's eRNA platform to support the next generation of vaccines,' said Dr. Espeseth. 'The manufacturability of eRNA coupled with its ability to generate robust immune responses supports its use as a vaccine platform for a wide range of infectious diseases." Collaborators at the Johns Hopkins Malaria Research Institute performed all challenge studies. About Sail Biomedicines Sail Biomedicines is pioneering the integrative design and deployment of fully programmable medicines to transform patient care. Sail's platform combines first-in-class programmable circular RNA technology (Endless RNA™ or eRNA™), and an industry-leading platform of programmable nanoparticles, to unlock comprehensive programming of medicines for the first time. By leveraging cutting-edge eRNA and nanoparticle deployment technology, Sail is building a wealth of data, enabling unparalleled use of generative AI techniques to identify and design fully programmable medicines that are potent, targeted, versatile, and tunable. Sail was founded by Flagship Pioneering. For more, visit and follow us on X (@SailBiomeds) and LinkedIn. This research is based on work funded by the Gates Foundation. The findings and conclusions contained within are those of the authors and do not necessarily reflect positions or policies of the Gates Foundation.
News18
29-05-2025
- 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
29-05-2025
- 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
28-05-2025
- 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.
