SAIL March Quarter Profit Rises 16% on Lower Coal Costs

Steel Authority of India Ltd. (SAIL) posted a 16.2% year-on-year increase in January–March quarter net profit to ₹11.8 billion, its first annual profit growth in six quarters and more than eightfold sequentially.

Revenue from operations rose 4.8% on year and 19.7% sequentially to ₹293.2 billion, driven by 5.33 million tonnes of steel sales, up 16.4% year-on-year.

Lower coal prices helped cut material costs by 26.2% to ₹112.5 billion, limiting overall expenditure growth to 6% at ₹280.2 billion. Crude steel output rose marginally to 5.09 million tonnes.

Operating profit (EBITDA) dipped 1.1% to ₹37.8 billion due to higher costs and taxes.

For 2024–25, net profit declined 21.4% to ₹21.5 billion, while revenue dropped 2.8% to ₹1.03 trillion. SAIL declared a final dividend of ₹1.60 per share.