Steel Authority of India Ltd's Q3FY25 Quarter Results
- 12 Feb 2025
Result Summary
- Steel Authority of India Ltd reported a 0.5% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 5.2%.
- Its expenses for the quarter were up by 3.1% QoQ and 6.1% YoY.
- The net profit decreased 84.2% QoQ and decreased 66.4% YoY.
- The earnings per share (EPS) of Steel Authority of India Ltd stood at 0.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 24723.43 | 24842.18 | 23492.33 | -0.5% | 5.2% |
Total Expenses | 24560.47 | 23824.07 | 23140.81 | 3.1% | 6.1% |
Profit Before Tax | 191.49 | 1018.11 | 427.98 | -81.2% | -55.3% |
Tax | 181.00 | 276.19 | 139.74 | -34.5% | 29.5% |
Profit After Tax | 141.89 | 897.15 | 422.92 | -84.2% | -66.4% |
Earnings Per Share | 0.30 | 2.20 | 1.00 | -86.4% | -70.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Steel Authority of India Ltd (SAIL) is one of the largest steel-making companies in India and one of the Maharatnas of the country's Central Public Sector Enterprises. SAIL operates and owns five integrated steel plants and three special steel plants, located principally in the eastern and central regions of India, as well as a Ferro Alloy plant in Chandrapur. The company's primary products include iron and steel products, which cater to various sectors such as construction, engineering, power, railways, automotive, and defense. As a significant player in the steel industry, SAIL is involved in the production and supply of a diverse range of steel products. Recent developments around SAIL often focus on its modernization and expansion projects, aiming to increase production capacities and improve energy efficiency, although specific recent developments are not available in the provided data.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Steel Authority of India Ltd reported a total income of ₹24,723.43 crores. This reflects a slight decrease of 0.5% when compared to the previous quarter (Q2FY25), where the total income stood at ₹24,842.18 crores. However, there was an increase of 5.2% on a year-over-year basis, as the total income for the third quarter of the previous fiscal year (Q3FY24) was ₹23,492.33 crores. These figures indicate a consistent growth in revenue when comparing year-over-year data, despite a minor reduction in quarter-over-quarter performance.
Profitability
The profitability metrics for Steel Authority of India Ltd in Q3FY25 show a notable decline. The company reported a profit before tax of ₹191.49 crores, which marks a significant decrease of 81.2% from the previous quarter (Q2FY25) and a 55.3% decrease from the same period last year (Q3FY24). The profit after tax was ₹141.89 crores, down by 84.2% quarter-over-quarter and 66.4% year-over-year. These reductions in profitability have also impacted the earnings per share, which decreased to ₹0.30 in Q3FY25 from ₹2.20 in the preceding quarter and ₹1.00 in the same quarter of the previous year, reflecting declines of 86.4% and 70.0%, respectively.
Operating Metrics
The total expenses for Steel Authority of India Ltd in Q3FY25 were reported at ₹24,560.47 crores, showing a 3.1% increase from the previous quarter (Q2FY25) and a 6.1% increase from Q3FY24. The tax expense for the quarter was ₹181.00 crores, which decreased by 34.5% from the previous quarter but increased by 29.5% compared to the same period last year. These operating metrics reveal increased costs over the year and quarter, alongside significant fluctuations in tax expenses. The observed trends in expenses and taxes have impacted the overall financial performance of the company during this period.
