logo
SAIL Q4 result: Net profit jumps 11% to ₹1,251 crore, dividend declared

SAIL Q4 result: Net profit jumps 11% to ₹1,251 crore, dividend declared

State-run Steel Authority of India Limited (Sail) on Wednesday reported a consolidated net profit of ₹1,251 crore for the quarter ended March 31, 2025 (Q4FY25), marking an 11.1 per cent increase from ₹1,125.68 crore in the same quarter last year (Q4FY24).
On a sequential basis, the steel major posted a significant gain from ₹141.69 crore in Q3FY25.
The surge in profit can be attributed to improved performance across key steel plants, and decrease in input costs. However, the profit for Q3 declined sharply on account of increased expenses.
"Amidst challenges posed by international tariffs and import pressures, which was present in the last quarter of FY25, our robust performance reflects our ability to navigate complexities while strengthening our position. The supporting government policies augur well for domestic steel demand and as we move forward, SAIL remains focused on innovation, cost optimization and planned future expansion in line with National Steel Policy," Sial chairman and MD, Amarendu Prakash, said.
The PSU's revenue from operations stood at ₹29,316.14 crore in Q4FY25, up 4.9 per cent from ₹27,958.52 crore in the year-ago period. Compared to Q3FY25, revenue grew 19.7 per cent from ₹24,489.91 crore.
Sail FY25 result
For the entire year, Sail's consolidated net profit stood at ₹2,371.82 crore, down from ₹3,066.67 crore in FY24, marking a 22.7 per cent decline year-on-year. Meanwhile, the company's revenue from operations came in at ₹1,02,479.06 crore, marginally down from ₹1,05,378.33 crore recorded in FY24.
Sail dividend announced
SAIL's board of directors have also recommended a final dividend of ₹1.6 per share, subject to the approval of the shareholders.
Shares of SAIL closed at ₹128.8 apiece on the BSE at the end of trading on Wednesday.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

CarTrade Tech shares rally 9% to a record high after Q1 profit more than doubles
CarTrade Tech shares rally 9% to a record high after Q1 profit more than doubles

Economic Times

time25 minutes ago

  • Economic Times

CarTrade Tech shares rally 9% to a record high after Q1 profit more than doubles

Shares of CarTrade Tech climbed as much as 9% on Monday, July 28, to a 52-week high of Rs 2,068.85 on the BSE after the company reported a sharp rise in quarterly profit and revenue, driven by growth across all key business segments and higher other income. ADVERTISEMENT CarTrade Tech posted a consolidated net profit of Rs 47.06 crore for the quarter ended June 30, 2025, more than double the Rs 22.90 crore reported in the same quarter last year. Revenue from operations rose to Rs 173.04 crore from Rs 141.52 crore a year ago, according to the company's unaudited financial results approved by its board on Monday. Segment-wise growth The company's revenue is divided into three key verticals, namely Consumer, Remarketing, and Classifieds. In the April–June quarter, Consumer segment revenue stood at Rs 66.38 crore, Remarketing at Rs 59.40 crore, and Classifieds at Rs 48.14 crore. The total segment revenue was Rs 173.92 crore, with intersegment eliminations of Rs 0.88 income contribute meaningfully to the topline during the quarter, rising to Rs 25.46 crore from Rs 15.19 crore a year earlier. This included Rs 6.99 crore from interest on bank deposits, Rs 1.25 crore from gains on fair valuation or sale of financial assets, and Rs 0.40 crore in other interest a standalone basis, CarTrade Tech reported a profit before tax of Rs 29.41 crore and a profit of Rs 22.99 crore for the June quarter. ADVERTISEMENT The stock has gained 36.5% in 2025 so far and is up 139% over the past 12 months. In the last six months alone, it has advanced 51.2%, while the one-month gain stands at 29%. ADVERTISEMENT Technically, the stock is trading above all eight key simple moving averages, from the 5-day to the 200-day, reflecting sustained upward momentum. The Relative Strength Index (RSI) is at 58.1, indicating the stock is neither overbought or oversold. Meanwhile, the MACD is at 72.9 and remains above both the center and signal lines, reinforcing the ongoing bullish trend. Also read | IEX shares slide 9% as market coupling fears continue to drag, brokerages cut targets (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)

SAIL shares slide 5% as Q1 profit, revenue drop sequentially; details here
SAIL shares slide 5% as Q1 profit, revenue drop sequentially; details here

Business Standard

time25 minutes ago

  • Business Standard

SAIL shares slide 5% as Q1 profit, revenue drop sequentially; details here

Shares of Steel Authority of India Ltd (SAIL) fell nearly 5 per cent on Monday after the company reported a sequential decline in net profit and revenue for the June quarter of the current financial year (Q1FY26). The public sector steel maker's stock fell as much as 4.82 per cent during the day to ₹124.3 per share, the biggest intraday fall since April 7 this year. The stock pared some losses to trade 4 per cent lower at ₹125.4 apiece, compared to a 0.14 per cent decline in Nifty 50 as of 11:50 AM. Shares of the company fell for the second straight session on Monday and have fallen nearly 10 per cent from their recent July highs. The counter has risen 10.5 per cent this year, compared to a 5 per cent advance in the benchmark Nifty 50. SAIL has a total market capitalisation of ₹51,791.36 crore. Check List of Q1 results today SAIL Q1 results The company reported a net profit of ₹744.6 crore for Q1FY26, down from ₹1,251 crore in the previous quarter (Q4FY25). The sequential decline came despite a sharp year-on-year (Y-o-Y) jump of over 810 per cent from ₹81.8 crore in the same period last year, largely aided by a low base and an exceptional item of ₹311.76 crore. SAIL's revenue from operations stood at ₹25,921.8 crore for Q1 FY26, registering a Y-o-Y growth of 8 per cent from ₹23,997.8 crore in Q1 FY25. However, revenue declined by 12 per cent sequentially from ₹29,316.1 crore in the previous quarter. On the expenditure front, SAIL spent ₹25,189.19 crore, up 5.5 per cent from ₹23,871.60 crore in the year-ago period. 'SAIL's Q1FY26 performance shows improved operational efficiency, better cash flow and strong growth in sales volume in the domestic market, supported by government safeguard duties,' Chairman and Managing Director, Amarendu Prakash, said. "Even amidst fluctuating global dynamics, with rising domestic consumption, expanding steel capacity and safeguard duty support from the government, we continue to deliver high-quality steel to all steel-consuming sectors. Our cost optimisation measures and unwavering commitment to enhancing stakeholder value remain central to our journey," Prakash added. About SAIL The company is a fully integrated iron and steel maker producing both basic and special steels for domestic construction, engineering, power, railway, automotive and defence industries and for sale in export markets. They are also among the seven Maharatnas of the country's Central Public Sector Enterprises. The company manufactures and sells a broad range of steel products, including hot and cold rolled sheets and coils, galvanised sheets, electrical sheets structural railway products, plates, bars and rods, stainless steel and other alloy steels.

Last day! Brigade Hotel IPO closes today; check subscription status, GMP
Last day! Brigade Hotel IPO closes today; check subscription status, GMP

Business Standard

time25 minutes ago

  • Business Standard

Last day! Brigade Hotel IPO closes today; check subscription status, GMP

Brigade Hotel Ventures Day 3 subscription status: The three-day subscription window to bid for the initial public offering (IPO) of Brigade Hotel Ventures is set to close today, July 28, 2025. The ₹759.6 crore issue, which opened for subscription on Thursday, July 24, has received a muted response from investors so far. According to data from the National Stock Exchange (NSE), the Brigade Hotel Ventures received bids for 72.7 million equity shares against 51.19 million shares on offer as of 11:50 AM on Monday. This reflects an oversubscription of only 1.42 times. Among the individual categories, retail investors placed the highest number of bids, oversubscribing their reserved category by 5.48 times. This was followed by Non-institutional Investors (NIIs), who bid 1.23 times. However, the Qualified Institutional Buyers (QIBs) portion was booked at only 8 per cent. Brigade Hotel Ventures IPO GMP On the final day of subscription, Brigade Hotel's unlisted shares were commanding a marginal premium in the grey market. Sources tracking unofficial market activity revealed the shares were trading at ₹91.5 per share, reflecting a GMP of only ₹1.5, or 1.67 per cent, over the upper end of the price band of ₹85 to ₹90. Brigade Hotel Ventures IPO details The public offering of Brigade Hotel comprises an entire fresh issue of 84.4 million equity shares. There is no offer-for-sale (OFS) component. The IPO is priced in the range of ₹85-90 per share, with a lot size of 166 shares. Investors can bid for a minimum of 166 shares and in multiples thereof. A retail investor would need a minimum of ₹14,940 to bid for one lot at the upper end price. The maximum limit for retail investors is 13 lots (2,158 shares), amounting to an investment of ₹1,94,220. As the IPO closes for subscription today, the basis of allotment is expected to be finalised on Tuesday, July 29. Shares are expected to be credited to investors' demat accounts on Wednesday, July 30. Brigade Hotel shares are tentatively set to list on the BSE and NSE on Thursday, July 31. Kfin Technologies is the registrar of the issue. JM Financial and ICICI Securities are the book-running lead managers. According to the red herring prospectus, the company plans to use the net issue proceeds for repayment of debt availed by itself and its subsidiary, SRP Prosperita Hotel Ventures. In addition, the funds will be used to buy an undivided share of land from the promoter, Brigade Enterprises, unidentified acquisitions and other strategic initiatives. The remaining funds will be used for general corporate purposes.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store