Steel Authority of India Limited (SAIL) reported a decline in key financial metrics for the second quarter of FY25, reflecting challenges in a subdued market environment.
Financial Highlights
- Profit After Tax (PAT): SAIL’s PAT for Q2 FY25 stood at ₹881.85 crore, down 31% from ₹1,277.4 crore in Q2 FY24, indicating reduced profitability.
- Revenue: Revenue for the quarter reached ₹24,675 crore, marking a 17% decline from ₹29,712 crore in the same period last year, affected by weakened demand and market pressures.
- EBITDA: The company recorded an EBITDA of ₹2,912.71 crore, a decrease of 24.8% from ₹3,875.36 crore in Q2 FY24, signaling a reduction in operational profitability.
- EBITDA Margin: The EBITDA margin dropped by 120 basis points to 11.8% in Q2 FY25, down from 13% in Q2 FY24, highlighting cost pressures impacting overall margins.
SAIL’s Q2 FY25 performance reflects a challenging quarter, with notable declines in revenue and profitability metrics. The company is likely to prioritize cost optimization and operational efficiencies to mitigate current headwinds and stabilize its financial outlook.
As of 9:17 am, SAIL shares were trading 5.39% lower at ₹116.71 on the NSE.
