Steel Authority of India Limited (SAIL) has declared its financial results for the third quarter (Q3) and the nine-month period (9M) ending 31st December 2024.
In Q3 FY25, SAIL's revenue from operations stood at ₹24,490 crore, reflecting an increase from ₹23,345 crore in Q3 FY24. Sales volume also saw an improvement, reaching 4.43 million tonnes, up from 3.81 million tonnes in the same period last year. EBITDA improved slightly to ₹2,389 crore from ₹2,319 crore in Q3 FY24. However, profit after tax (PAT) declined to ₹126 crore from ₹331 crore in Q3 FY24, primarily due to external market challenges.
For the nine-month period of FY25, revenue from operations was ₹73,162 crore, compared to ₹77,417 crore in 9M FY24. EBITDA stood at ₹7,983 crore, while PAT declined to ₹970 crore from ₹1,722 crore in the same period last year.
Chairman Amarendu Prakash emphasized that while the influx of cheaper imports and declining steel prices posed significant challenges, SAIL remains committed to enhancing its cost efficiency and expanding production capabilities. He further highlighted the company's focus on sustainability, stating that adopting greener technologies and optimizing operational processes will be key drivers for long-term growth.
Looking ahead, SAIL expects favorable policy interventions to address import concerns while capitalizing on the government’s continued push for infrastructure development. With a robust strategy in place, the company aims to strengthen its position in the domestic steel industry and drive further growth in the coming quarters.
