https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

SAIL Reports 31% Decline in Q2 Profit, Sees Hope for Better H2 FY25 Performance

In an exchange filing, SAIL stated that its total income for the second quarter of FY25 stood at ₹24,842.18 crore, down from ₹29,858.19 crore in the corresponding period of FY24.
SAIL resized
Indian Masterminds Stories

Steel Authority of India (SAIL), the state-owned steel giant, reported a 31% year-on-year drop in its consolidated net profit for the September quarter, registering a profit of ₹897.15 crore. This was a decline from ₹1,305.59 crore posted in the same period last year. The fall in profit was attributed to a reduction in income during the quarter.

In an exchange filing, SAIL stated that its total income for the second quarter of FY25 stood at ₹24,842.18 crore, down from ₹29,858.19 crore in the corresponding period of FY24. The company’s expenses for the quarter were ₹23,824.07 crore, lower than ₹27,768.60 crore in the same quarter last year, showing a reduction in operational costs.

SAIL’s crude steel output remained largely stable, falling slightly to 4.76 million tonnes (MT) in the July-September 2024 quarter, compared to 4.76 MT in the same period last year. However, steel sales saw a decline, dropping to 4.10 MT from 4.77 MT in the previous year’s September quarter.

In a statement, Amarendu Prakash, Chairman of SAIL, expressed optimism about the company’s performance in the second half (H2) of the financial year. He said, “We expect H2 FY25 to bring more promising results compared to H1 FY25, which was impacted by various challenges. With a projected decline in steel imports and anticipated growth in GDP and capital expenditure, we believe that H2 FY25 may yield better performance.”

SAIL’s performance in the first half of FY25 was impacted by various macroeconomic challenges, but the company remains hopeful that the second half will bring improved results, supported by favorable conditions in the steel market and broader economic recovery.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
CEC Gyanesh Kumar
Bihar Elections 2025: CEC Gyanesh Kumar Addresses 5 Key Issues - SIR, Fake Voting, Freebies & More
BSNL
BSNL Surpasses Airtel in Mobile Subscriber Growth After Nearly a Year; Jio Leads with 19 Lakh Additions in August
NTPC_Tapovan Donates_Ambulance_
NTPC Hands Over ₹30 Lakh Advanced Life Support Ambulance to Chamoli District Hospital to Boost Emergency Healthcare
NTPC_Barauni_signed_agreement_
NTPC Barauni to Install 89 High-Mast Lights Across Begusarai to Boost Safety and Community Development
BPCL_bags_Excellence_Awards_
BPCL Wins Top Honours for City Gas Distribution and Customer Service at 19th PNGRB Foundation Day
Allahabad high court
SC Collegium Approves Appointment of Vinai Kumar Dwivedi as Judge of Allahabad High Court
JK Cement Health Camp Panna
Free Health Camp Organised for Forest Personnel During Wildlife Week 2025 by South Panna Forest Division
REC Mobile Medical Units
Union Minister Bhupender Yadav Flags Off REC’s ₹5.71 Cr Mobile Medical Units to Boost Rural Healthcare in Rajasthan
ADVERTISEMENT
ADVERTISEMENT
Videos
IDES Saquib Alam
UPSC Strategy & Mindset Tips from IDES Officer Saquib Alam | Video Interview 
Dr G K Goswami IPS
Everything you ever wanted to know about e-murder, e-dacoity and data safety
IFS Ravikant Meena UPSC IFS
Ravikant Meena on IFS Preparation, Optionals, and Life in Forest Service
ADVERTISEMENT
UPSC Stories
IDES Saquib Alam
UPSC Strategy & Mindset Tips from IDES Officer Saquib Alam | Video Interview 
Discover how IDES officer Saquib Alam left his corporate job at Mahindra, overcame six UPSC attempts,...
Utkarsh Ujjwal IAS
IAS Utkarsh Ujjwal Shares Key Advice for UPSC Aspirants: Work Ethic, Failure, and Focus
Read the inspiring journey of IAS Utkarsh Ujjwal, 2023 batch, Gujarat cadre. From IIT Guwahati to clearing...
Sagar Datta Majumdar UPSC CSE 2024 AIR 317
“Don’t get trapped in the vicious cycle of self-doubt,” says UPSC Achiever Sagar Datta Majumdar
Discover how Sagar Datta Majumdar from Agartala, Tripura, cracked UPSC CSE 2024 with All India Rank 317....
Social Media
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
Parag Madhukar Dhakate
Relentless Rains Wreak Havoc in Dehradun: IFS officer PM Dhakate Warns Citizens Amid Flash Floods
Cloudbursts in Dehradun triggered flash floods. IFS officer Dr. PM Dhakate warned citizens to stay indoors...
Forest Guard Tiger Encounter
Tigers Clash in the Wild as Forest Guards Capture Rare Footage , Retired IFS Mohan Pargaien Posts Viral Video
Retired IFS officer Mohan Pargaien shares viral video of three tigers brawling in Ramnagar, as forest...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
CEC Gyanesh Kumar
Bihar Elections 2025: CEC Gyanesh Kumar Addresses 5 Key Issues - SIR, Fake Voting, Freebies & More
BSNL
BSNL Surpasses Airtel in Mobile Subscriber Growth After Nearly a Year; Jio Leads with 19 Lakh Additions in August
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IDES Saquib Alam
Dr G K Goswami IPS
IFS Ravikant Meena UPSC IFS
ADVERTISEMENT
ADVERTISEMENT