Latest news with #SteelAuthorityofIndiaLimited
Business Insider
2 days ago
- Business
- Business Insider
New Sell Rating for Steel Authority of India Limited (SAIL), the Basic Materials Giant
Elara Securities analyst maintained a Sell rating on Steel Authority of India Limited (SAIL – Research Report) on May 30 and set a price target of INR125.00. The company's shares closed last Friday at INR129.18. Confident Investing Starts Here: In addition to Elara Securities, Steel Authority of India Limited also received a Sell from Bank of America Securities's Bharat Subramanian in a report issued on May 29. However, yesterday, Prabhudas Lilladher maintained a Hold rating on Steel Authority of India Limited (NSE: SAIL). Based on Steel Authority of India Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of INR244.9 billion and a net profit of INR1.42 billion. In comparison, last year the company earned a revenue of INR233.49 billion and had a net profit of INR4.23 billion
Business Insider
2 days ago
- Business
- Business Insider
Prabhudas Lilladher Reaffirms Their Hold Rating on Steel Authority of India Limited (SAIL)
In a report released yesterday, Tushar Chaudhari from Prabhudas Lilladher maintained a Hold rating on Steel Authority of India Limited (SAIL – Research Report), with a price target of INR133.00. The company's shares closed last Friday at INR129.18. Confident Investing Starts Here: The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Steel Authority of India Limited with a INR100.00 average price target, which is a -22.59% downside from current levels. In a report released on May 30, J.P. Morgan also maintained a Hold rating on the stock with a INR120.00 price target. Based on Steel Authority of India Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of INR244.9 billion and a net profit of INR1.42 billion. In comparison, last year the company earned a revenue of INR233.49 billion and had a net profit of INR4.23 billion
Business Insider
4 days ago
- Business
- Business Insider
J.P. Morgan Remains a Hold on Steel Authority of India Limited (SAIL)
J.P. Morgan analyst Vibhav Zutshi maintained a Hold rating on Steel Authority of India Limited (SAIL – Research Report) today and set a price target of INR120.00. The company's shares closed today at INR129.18. Confident Investing Starts Here: Zutshi covers the Basic Materials sector, focusing on stocks such as Hindalco Industries Limited, JSW Steel Limited, and NMDC Limited. According to TipRanks, Zutshi has an average return of 4.4% and a 71.43% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Steel Authority of India Limited with a INR100.00 average price target.
Economic Times
6 days ago
- Business
- Economic Times
SAIL shares in focus after Q4 profit up 11% YoY to Rs 1,251 crore
Shares of Steel Authority of India Limited (SAIL) will be in focus after the company reported an 11% year-on-year (YoY) rise in consolidated net profit for Q4FY25 at Rs 1,251 crore, compared with Rs 1,125 crore in the same quarter last year. The profit is attributable to the owners of the parent company. ADVERTISEMENT Revenue from operations for the quarter under review stood at Rs 29,316 crore, up 5% from Rs 27,959 crore in Q4FY24. On a sequential basis, profit after tax (PAT) surged 781% from Rs 142 crore in Q3FY25, while revenue rose 20% from Rs 24,490 crore in the October–December quarter. Also Read: These 10 Nifty microcap stocks can rally 70-200% in the next 12 monthsThe company's Board of Directors have recommended a final dividend of Rs 1.60 per equity share for the Financial Year 2024-25. The final dividend 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, SAIL's filing to the exchanges company incurred expenses of Rs 28,021 crore in the quarter under review versus Rs 24,560 crore in Q3FY25 and Rs 26,474 crore in the year-ago period. The expenses were incurred under the headline cost of materials consumed, employee benefits expense, finance cost and depreciation & amortisation expenses. ADVERTISEMENT For the full financial year, the company reported a PAT of Rs 2,372 crore, which was down from Rs 3,067 crore in FY25. The profit fell due to higher expenses reported in the quarter ended March 31, for the full-year revenue, a 3% drop was recorded at Rs 1,02,479 crore versus Rs 1,05,378 crore in Q4FY25. ADVERTISEMENT Also Read:KEI Industries, DCB Bank among 10 small-cap stocks analysts expect to gain up to 75% According to Trendlyne, the average target price for SAIL is Rs 110, indicating a downside of nearly 15% from current levels. Of the 26 analysts tracking the stock, the consensus rating is 'Hold'. ADVERTISEMENT While SAIL shares have gained 23% over the past three months, they are down 21% over the past year. The company's current market capitalisation stands at Rs 53,195 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
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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.
