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

Metal Authority of India (SAIL) on Tuesday reported a 66% fall in its December quarter consolidated web revenue at Rs 142 crore versus Rs 422 crore reported within the yr in the past interval. The income from operations in Q3FY25 stood at Rs 24,490 crore, up 5% over Rs 23,349 crore reported within the corresponding quarter of the final monetary yr.

On a sequential foundation, the revenue after tax (PAT) fell by 84% versus Rs 897 crore reported by the state-run firm in Q2FY25. In the meantime, the topline was down 0.75% versus Rs 24,675 crore within the July-September of FY25.

The federal government-owned metal firm incurred bills of Rs 24,560 crore in Q3FY25 which was up from Rs 23,824 crore in Q2FY25 and Rs 23,141 crore within the yr in the past interval. These bills embrace price of supplies consumed, buy of stock-in-trade, worker advantages expense and finance price.

The earnings had been introduced after market hours and SAIL shares at this time ended at Rs 99.95 on the NSE, down by Rs 5.23 or 5% over the Monday closing worth.

On a standalone foundation, the PAT fell 62% to Rs 126 crore from Rs 331 crore within the yr in the past interval. The income stood at Rs 24,490 crore, up from Rs 23,345 within the October-December quarter of FY24.

Firm’s crude metal manufacturing within the reported quarter stood at Rs 4.63 million tonne which is decrease from 4.75 million tonne within the yr in the past interval. The gross sales quantity was up from 3.81 million tonne in Q3FY24 to 4.43 million tonne in Q3FY25.The Earnings Earlier than Curiosity, Tax, Depreciation and Amortisation (EBITDA) stood at Rs 2,389 crore versus Rs 2,319 crore in Q3FY24.Commenting on the monetary outcomes, SAIL Chairman Amarendu Prakash mentioned that within the face of a difficult metal market characterised by declining costs and an inflow of low cost imports, SAIL has managed to attain higher EBITDA through the Q3FY25 in comparison with the corresponding interval final yr.

“We stay steadfast in our dedication to spice up manufacturing and improve price effectivity, whereas concurrently additional discover and undertake greener applied sciences. We count on that with acceptable interventions, the difficulty of low cost imports can be addressed and authorities’s drive on infrastructure growth will bode nicely for the home metal business whereas driving the demand additional,” Prakash.

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