SAIL declares financial results for Q3 and 9M FY’24

Press Release
New Delhi

New Delhi, 12th February, 2024: Steel Authority of India Limited (SAIL) has declared its financial results today for the quarter and nine months ending 31st December, 2023. 

Key highlights:
Performance of 9M FY 24 (Standalone) at a glance:

 

Unit

9M 22-23

9M 23-24

Crude Steel Production

Million Tonne

13.34

14.22

Sales Volume

Million Tonne

11.52

12.46

Revenue from Operations

Rs. Crore

75,317

77,417

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA)

Rs. Crore

5978

8451

Profit Before Exceptional Items and Tax

Rs. Crore

859

2698

Exceptional Items

Rs. Crore

(298)

339

Profit Before Tax (PBT)

Rs. Crore

1157

2359

Profit After Tax (PAT)

Rs. Crore

854

1722

 

Performance of Q3 FY 24 (Standalone) at a glance::

 

Unit

Q3 22-23

Q2 23-24

Q3 23-24

Crude Steel Production

Million Tonne

4.71

4.80

4.75

Sales Volume

Million Tonne

4.15

4.77

3.81

Revenue from Operations

Rs. Crore

25,042

29,714

23,345

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA)

Rs. Crore

2198

4,043

2,319

Profit Before Exceptional Items and Tax

Rs. Crore

336

2,111

384

Exceptional Items

Rs. Crore

(298)

415

(76)

Profit Before Tax (PBT)

Rs. Crore

635

1,696

461

Profit After Tax (PAT)

Rs. Crore

464

1,241

331

 

The Company has achieved its best ever performance in production and sales for 9M of the financial year. The crude steel production and sales volume have registered a growth of 6.6% and 8.2% respectively during 9M FY’24 over CPLY. 

Shri Amarendu Prakash, Chairman, SAIL said, “The consistent efforts by the Company towards increasing its volumes have had a positive impact on the financial performance despite the significant decline in the price realization during the quarter. The Company remains steadfast in its commitment towards sustainable performance including emphasis on de-carbonisation, improving capacity utilization, value addition, enhanced digitalization and achieving cost competitiveness”.        

Press Release No
SAIL/PR/23-24/19