https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

SAIL Reports Over 15% EBITDA Growth in Q1 FY’25 Amid Challenges from Cheaper Imports

SAIL's profit was impacted by lower Net Sales Realization due to cheap imports, but the company remains optimistic about growth driven by steady domestic steel consumption and government infrastructure investments.
SAIL resized
Indian Masterminds Stories

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.


Indian Masterminds Stories
Related Stories
NEWS
burglary_intruder
Odisha: Locals Are Flummoxed After Burglars Break Into IAS Prasanth Reddy's Official Abode In Bhubaneshwar
news_4thnov24
SAIL & ASCI Hyderabad Enter Into An MoU To Develop Customized Management Development Programs For SAIL Executives
image_news
Coal India Limited Celebrates Its 50th Foundation Day At Kolkata HQ, Union Coal Minister G Kishan Reddy & Coal Secy Vikram Dev Dutt Grace the Event
BEML-Limited
Bharat Earth Movers Limited Bags "Self Certification" Status
AnyConv
Maharashtra: DGP Rashmi Shukla Removed Ahead of Elections; Senior IPS Officer to Take Charge
Indian Railways
Indian Railways Set to Launch 'Super App' in December to Revolutionize Passenger Services
Andhra Pradesh govt
Andhra Pradesh: Govt Transfers Senior IAS Officers, G. Lakshmisha Made Collector, NTR District
government-of-haryana
Haryana: Major Administrative Reshuffle, 27 IAS Officers Transferred, CG Rajini Kaanthan Made Secy, Finance Dept
Videos
Sujoy Banerjee
How Sujoy Banerjee Rescued India’s Endangered Crocodiles in Chambal
Prakash Singn IPS
Mulayam Singh Introduced Casteism in Police Force
WhatsApp Image 2024-10-25 at 21.23
Why Only Soldiers? Can’t Politicians or Civilians Sacrifice Too?
ADVERTISEMENT
Latest
burglary_intruder
Odisha: Locals Are Flummoxed After Burglars Break Into IAS Prasanth Reddy's Official Abode In Bhubaneshwar
news_4thnov24
SAIL & ASCI Hyderabad Enter Into An MoU To Develop Customized Management Development Programs For SAIL Executives
ADVERTISEMENT
Videos
Sujoy Banerjee
Prakash Singn IPS
WhatsApp Image 2024-10-25 at 21.23
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT