Sail Result

SAIL shares melt 7% on weak Q2FY25 results; PAT slips 31%, revenue down 17%

The company's total income decreased to Rs 24,842.18 crore from Rs 29,858.19 crore in the second quarter of the preceding 2023-24 financial year

SAIL Q2 results: Net profit drops 31%, revenue down to Rs 24,842 cr

State-owned SAIL on Thursday reported a 31 per cent fall in consolidated net profit to Rs 897.15 crore in the September quarter, dragged by lower income. It had posted a Rs 1,305.59 crore net profit for the period ended September 2023, the company said in an exchange filing. The company's total income decreased to Rs 24,842.18 crore from Rs 29,858.19 crore in the second quarter of preceding 2023-24 financial year. Its expenses stood at Rs 23,824.07 crore as against Rs 27,768.60 crore in the year-ago quarter. In a separate statement, the company said its crude steel output fell marginally to 4.76 million tonnes (MT) from 4.76 MT in July-September last fiscal. Sales also decreased to 4.10 MT from 4.77 MT in the same quarter a year ago. SAIL Chairman Amarendu Prakash said, "We expect H2 FY25 to bring more promising results compared to H1 FY25, which was impacted by various challenges. Moving forward, with an expected downtrend in steel imports and projected growth in GDP and capital .

SAIL Q1 results: Net profit falls 61% to Rs 81.78 cr on frail demand

The state-owned firm's consolidated net profit fell more than 61 per cent to Rs 81.78 crore (around $10 million) for the quarter ended June 30

SAIL Q3 results: Net profit falls 22% to Rs 423 cr, dividend declared

State-owned Steel Authority of India Ltd (SAIL) on Monday reported a 22 per cent fall in its consolidated net profit to Rs 422.92 crore for the quarter ended in December 2023 due to lower income. The steel maker had posted a net profit of Rs 542.18 crore during the October-December period of 2022-23. The company's total income fell to Rs 23,492.33 crore in the third quarter of FY24 from Rs 25,140.16 crore a year ago, according to an exchange filing by the company. Expenses stood at Rs 23,140.81 in the reporting quarter as against Rs 24,825.11 crore in the third quarter of last fiscal. Steel Authority of India Ltd (SAIL), under the Ministry of Steel, is the country's largest steel manufacturing entity having a total installed capacity of around 21 million tonnes. The Board of Directors has also declared an interim dividend of Re 1 per equity share for FY24 and set February 20 as record date for the purpose of payment of interim dividend.

SAIL turns red with Rs 329 cr Q2 loss, expenses surge to Rs 27,200 cr

State-owned Steel Authority of India Limited (SAIL) on Thursday slipped into red posting a consolidated loss of Rs 329 crore during the quarter ended on September 30, 2022. It had clocked Rs 4,338.75 crore net profit during the July-September period of the preceding fiscal, SAIL said in a BSE filing. The company has also reported a fall in its total income at Rs 26,642.02 crore from Rs 27,007.02 crore in the same quarter a year ago. Its expenses increased to Rs 27,200.79 crore as against Rs 21,289 crore in the year-ago period. SAIL has also reported a fall in its crude steel output as well as sales. Its crude steel output fell to 4.30 million tonnes (MT) during the quarter under review from 4.47 MT in July-September period of FY22. Sales shrunk to 4.21 MT from 4.28 MT a year ago. A query seeking chairman's comments on the company's financial and operational performance during the September quarter remained unanswered. SAIL, under the Ministry of Steel, is the country's largest s

SAIL records turnover of over Rs 1 trn in FY22, posts 50% rise

The increase in turnover coupled with improved operational performance, helped the company achieve its highest-ever numbers in terms of profitability: Chairperson

SAIL Q1 results: Net profit declines 79% to Rs 804 cr; revenue rises 16%

The company said its crude steel output was at 4.33 million tonne, up from 3.77 MT in same quarter of the preceding financial year

SAIL consolidated net profit rises 4.1% to Rs 1,529 crore in Q3

Its consolidated income during the quarter increased to Rs 25,398.37 crore, from Rs 19,997.31 crore earlier

SAIL posts 31% jump in March quarter net profit at Rs 3,469.88 cr

Steel giant SAIL on Friday posted a 31 per cent jump in its consolidated net profit at Rs 3,469.88 crore for the quarter ended March 31, 2021, mainly on account of higher income. The company had clocked Rs 2,647.52 crore net profit during the January-March period of fiscal year 2019-20, Steel Authority of India Ltd (SAIL) said in a regulatory filing. During the quarter under review, the company's total income rose to Rs 23,533.19 crore, from Rs 16,574.71 crore in the year-ago period. Total expenses were at Rs 18,829.26 crore, as against Rs 11,682.12 crore a year ago. On a standalone basis, SAIL's net profit grew to Rs 3,443.80 crore, from Rs 2,725.16 crore in the same period of 2019-20. In January-March 2021, total income of the company rose to Rs 23,606.06 crore, from Rs 16,628.80 crore in the year-ago period. Its expenses were at Rs 18,831.16 crore, as compared to Rs 11,675.87 crore in January-March 2020. "The COVID-19 pandemic outbreak and measures to curtail it had caused ...

SAIL's total sales increases by 50% to 1.58 million tonnes in July

State-owned SAIL on Tuesday said its total sales grew by about 50 per cent on year to 15.83 lakh tonnes (LT) during July 2020.

SAIL net profit rises multi-fold to Rs 2,647 cr in March quarter

The firm said it also achieved its best-ever annual sales of 14.23 million tonne (MT) during the financial year 2019-20

After 10 straight quarters of losses, SAIL back in black in Q3 at Rs 431 mn

Quarterly revenue from operations rose 21.4 percent to Rs 153.24 billion