During the first quarter of FY’25, SAIL reported a more than 15% growth in EBITDA compared to the corresponding period last year, reflecting the company’s stable core performance. However, the revenue from operations faced pressure due to a decline in Net Sales Realization (NSR) in the domestic steel market, largely attributed to the impact of cheaper imports. This decline in NSR, coupled with adjustments related to exceptional items, affected the company’s profit for the quarter.
Commenting on the Q1 performance, Shri Amarendu Prakash, Chairman of SAIL, emphasized the steady growth in domestic steel consumption, driven by both traditional and emerging sectors. He highlighted that the ongoing government investments in infrastructure, as announced in the recent budget, are expected to further stimulate growth in the steel sector. Shri Prakash expressed optimism about the future, stating that SAIL remains focused on increasing its production volumes to meet the growing demand.
Despite the challenges posed by cheaper imports, the Chairman conveyed confidence that these issues will be effectively addressed in due course. SAIL’s strategic focus remains on enhancing production capabilities while navigating the current market conditions to ensure continued growth and profitability in the domestic steel sector.
