SAIL Q3 Results: Cons PAT falls 66% to Rs 142 crore, revenue up 5%

Steel Authority of India (SAIL) on Tuesday reported a 66% fall in its December quarter consolidated net profit at Rs 142 crore versus Rs 422 crore reported in the year ago period. The revenue from operations in Q3FY25 stood at Rs 24,490 crore, up 5% over Rs 23,349 crore reported in the corresponding quarter of the last financial year.

On a sequential basis, the profit after tax (PAT) fell by 84% versus Rs 897 crore reported by the state-run company in Q2FY25. Meanwhile, the topline was down 0.75% versus Rs 24,675 crore in the July-September of FY25.

The government-owned steel company incurred expenses of Rs 24,560 crore in Q3FY25 which was up from Rs 23,824 crore in Q2FY25 and Rs 23,141 crore in the year ago period. These expenses include cost of materials consumed, purchase of stock-in-trade, employee benefits expense and finance cost.

The earnings were announced after market hours and SAIL shares today ended at Rs 99.95 on the NSE, down by Rs 5.23 or 5% over the Monday closing price.

On a standalone basis, the PAT fell 62% to Rs 126 crore from Rs 331 crore in the year ago period. The revenue stood at Rs 24,490 crore, up from Rs 23,345 in the October-December quarter of FY24.

Company’s crude steel production in the reported quarter stood at Rs 4.63 million tonne which is lower from 4.75 million tonne in the year ago period. The sales volume was up from 3.81 million tonne in Q3FY24 to 4.43 million tonne in Q3FY25.The Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at Rs 2,389 crore versus Rs 2,319 crore in Q3FY24.Commenting on the financial results, SAIL Chairman Amarendu Prakash said that in the face of a challenging steel market characterised by declining prices and an influx of cheap imports, SAIL has managed to achieve better EBITDA during the Q3FY25 compared to the corresponding period last year.

“We remain steadfast in our commitment to boost production and enhance cost efficiency, while simultaneously further explore and adopt greener technologies. We expect that with appropriate interventions, the issue of cheap imports will be addressed and government’s drive on infrastructure development will bode well for the domestic steel industry while driving the demand further,” Prakash.

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