Latest news with #SteelAuthorityofIndia
Business Standard
29-05-2025
- 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.
Business Standard
29-05-2025
- Business
- Business Standard
Steel Authority of India consolidated net profit rises 11.13% in the March 2025 quarter
Sales rise 4.86% to Rs 29316.14 crore Net profit of Steel Authority of India rose 11.13% to Rs 1251.00 crore in the quarter ended March 2025 as against Rs 1125.68 crore during the previous quarter ended March 2024. Sales rose 4.86% to Rs 29316.14 crore in the quarter ended March 2025 as against Rs 27958.52 crore during the previous quarter ended March 2024. For the full year,net profit declined 22.66% to Rs 2371.82 crore in the year ended March 2025 as against Rs 3066.67 crore during the previous year ended March 2024. Sales declined 2.75% to Rs 102479.06 crore in the year ended March 2025 as against Rs 105378.33 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 29316.1427958.52 5 102479.06105378.33 -3 OPM % 11.8812.46 - 10.3910.58 - PBDT 3210.463299.36 -3 9214.8510181.02 -9 PBT 1686.621943.54 -13 3564.174902.65 -27 NP 1251.001125.68 11 2371.823066.67 -23
India Today
29-05-2025
- Business
- India Today
Stocks to watch today: IndusInd Bank, IRCTC, Adani Ports, Suzlon in focus
Indian equity markets closed in the red on Wednesday, dragged by subdued global sentiment and cautious trading ahead of the monthly F&O expiry. The Sensex declined 239 points to settle at 81,312, while the Nifty ended the session down 74 points at 24, investors eye the final trading sessions of May, attention will turn to a slew of corporate earnings, key regulatory developments, and major fundraising activity. Here's a look at stocks that could dominate Thursday's few results trickling in late Wednesday also warrant attention. Steel Authority of India (SAIL) reported an 11% rise in annual net profit at Rs 1,250 crore on revenues of over Rs 1.03 lakh crore. The company recommended a final dividend of Rs 1.60 per share. IRCTC posted a strong Q4 with net profit rising 26% to Rs 358 crore and revenue up 10% year-on-year to Rs 1,269 crore. The board declared a modest final dividend of Re 1 per India saw its Q4 bottom line dip 7 per cent to Rs 521 crore despite a 6 per cent revenue rise. The board announced a generous Rs 33.50 dividend per share for the Bank may see investor reaction after market regulator Sebi issued an interim order in an insider trading case involving former CEO Sumanth Kathpalia and four other top executives. According to Sebi, these individuals offloaded shares using unpublished price-sensitive information, avoiding potential losses worth nearly Rs 20 Ports and Special Economic Zone is returning to the domestic bond market with a proposed Rs 5,000 crore non-convertible debenture issue. This 15-year issuance is expected to carry a coupon in the range of 7.7–7.75%.A few stocks will trade ex-dividend today: Tata Consumer Products, Shyamkamal Investments, and Powergrid Infrastructure Investment Trust. Shares of Aplab will trade ex-rights as the company prepares to raise Engineering reported a 3% rise in profit to Rs 91 crore on a 15% increase in revenue. However, operating margins slipped by nearly 200 basis Feeds clocked a 40% jump in Q4 profit to Rs 157 crore, with revenues up nearly 8%. The company declared a Rs 9 per share Wealth Management posted a 41% profit growth in Q4 and reported a 24% jump in AUM to Rs 4.3 lakh Magnesita India returned to profitability with a net income of Rs 36 crore, even as revenue dipped 3 per cent year-on-year. The board proposed a final dividend of Rs 2.50 per derivatives expiry, heavy result announcements, and global cues weighing in, traders should brace for a volatile session.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
Mint
28-05-2025
- Business
- Mint
SAIL Q4 Results: Maharatna PSU's net profit rises 11% YoY to ₹1,251 crore, final dividend of ₹1.6/share declared
SAIL Q4 Results: Steel Authority of India Ltd (SAIL) announced its Janaury to March quarter results on Wednesday, 28 May 2025. The Maharatna PSU firm recorded an 11 per cent rise in its fourth quarter of the 2024-25 fiscal year, with the net profits at ₹ 1,251 crore, compared to ₹ 1,126 crore in the same quarter a year ago. The State-owned company's revenue from core operations rose 4.8 per cent to ₹ 29,316 crore in the fourth quarter of the 2024-25 fiscal year, compared year-on-year (YoY) with ₹ 27,958 crore in the same quarter of the previous financial year. The company's revenues from the IISCO Steel Plant, Alloy Steels Plant, and other sections were the only profitable sources for the fourth quarter, compared on a year-on-year basis with the same period a year ago. Steel Authority of India's board of directors on Wednesday announced a final dividend issue of ₹ 1.6 per share for the financial year ending 2024-25 of the face value of ₹ 10 apiece. This means that every eligible shareholder will receive a final dividend of ₹ 1.6 per share for every share they own in the PSU steel manufacturer. 'The Board of Directors have recommended the Final Dividend @ ₹ 1.60 per equity share of ₹ 10 each for the Financial Year 2024-25 (16% of the paid-up equity share capital of the Company),' said SAIL in its exchange filing. According to the exchange filing, the final dividend will be paid within 30 days from the date of approval at the upcoming shareholders' meeting. Steel Authority of India (SAIL) shares closed 0.19 per cent higher at ₹ 128.80 after Wednesday's stock market session, compared to ₹ 128.55 at the previous market close. The company announced its Q4 results and final dividend issue after the market operating hours on Wednesday. The Maharatna PSU stock has given market investors more than 325 per cent returns on their investment in the last five years. However, the shares lost 21 per cent in the last one-year period. On a year-to-date (YTD) basis, the shares gained 13.53 per cent in 2025, and 1.97 per cent in the last five trading sessions. According to BSE data, the state-owned company's shares hit their 52-week high of ₹ 169.30 on 28 May 2024, while the 52-week low was ₹ 99.20 on 12 February 2025. Steel Authority of India's market capitalisation (M-Cap) was at ₹ 53,195.59 crore as of the stock market close on Wednesday, 28 May 2025. Read all stories by Anubhav Mukherjee
Mint
28-05-2025
- Business
- Mint
SAIL share price edges lower ahead of Q4 results. Here is what analysts expect
SAIL share price edged lower during the intraday trade on Wednesday ahead of the announcement of its March quarter (Q4) results. SAIL share price was trading up to 1% lower on Wednesday, a day when the Indian stock market was also under pressure. Steel Authority of India (SAIL) is expected to benefit from the decline in raw material prices on a sequential basis, though steel prices have seen some pressure. Weak local consumption and demand in China, rising exports and excess Chinese supplies have kept pressure on global prices. China remains the largest consumer of commodities in the world, and hence, China's supply and demand remain key for global metal prices. The safeguard duty in India is supporting domestic prices, even though the US tariff conflict has turned into a possible challenge for the sector. The average Hot Rolled Coil or HRC price benchmark fell in Q4FY25, down 11% year-on-year, as per Axis Securities. On a sequential basis, with the price recovery taking place towards the end of Q4FY25, HRC price benchmark was down just 1% sequentially. As per Motilal Oswal Financial Services' data, coking coal (premium HCC) continued its downward trajectory, with average premium HCC coking coal prices declining by $20/per tonne sequentially to $200 a tonne in 4QFY25. In 4QFY25, ferrous companies have projected a coking coal advantage of $10–15 per tonne, as per the brokerage. Also, iron ore prices have largely remained stable on a sequential basis. Analysts have been expecting subdued costs to be the main reason for the margins to improve. The improvement in Steel prices will be somewhat apparent starting Q1FY26, it added. Axis Securities expects SAIL's earnings before interest, tax, depreciation and amortisation (EBITDA) to increase on a sequential basis by 35%. Motilal Oswal also expects volume to see healthy growth and Q4 performance to be driven by some recovery in steel prices and reduced coal costs. It expects SAIL's net profit to come at ₹ 790 crore, an improvement over ₹ 140 crore in the previous quarter, though still lower than ₹ 1130 crore in the year-ago quarter. The revenue is seen at around ₹ 29,220 crore for the March quarter, up 19.3% sequentially and 11.3% year-on-year, as per MOFSL's estimates. Management guidance on the debt reduction plan will be watched by investors. Also, the guidance on both domestic and international steel prices and capital expenditure plans by SAIL will be keenly tracked.
