SAIL's Net profit falls, reports net profit of Rs 1049 for Q4 FY23

The company reported a 50 per cent fall in its consolidated net profit to Rs 1,159.21 crore.

SAIL's Net profit falls, reports net profit of Rs 1049 for Q4 FY23

New Delhi: Steel Authority of India on May 25 declare its Financial Results for the fourth quarter and year ending 31st March 2023. The company reported a 50 per cent fall in its consolidated net profit to Rs 1,159.21 crore. It posted Rs 2,478.82 crore net profit in the preceding year 2021-22.

The company in its regulatory filing also mentioned The Board of Directors has recommended the Final Dividend at Rs.0.50/- per equity share of Rs.lO/- each for the Financial Year 2022-23 (5% of the paid-up equity share capital of the Company). 

 

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SAIL Performance of FY 23 (Standalone) at a glance:

Financial Year 22-23

Crude Steel Production: 18.29 Million Tonne
Sales: 16.20 Million Tonne
Revenue from Operations: 1,04,447 Crore
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA): 9,379 Crore
Profit Before Tax (PBT): 2,637 Crore
Profit After Tax (PAT): 1,903 Crore


Financial Year 21-22

Crude Steel Production: 17.37 Million Tonne
Sales: 16.15 Million Tonne
Revenue from Operations: 1,03,473 Crore
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA): 22.364 Crore
Profit Before Tax (PBT): 16,039 Crore
Profit After Tax (PAT): 12,0151 Crore

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SAIL Performance of Q4 FY 23 (Standalone) at a glance:

Q4 22-23

Crude Steel Production: 4.95 Million Tonne
Sales: 4.68 Million Tonne
Revenue from Operations: 29,131 Crore
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA): 3,401 Crore
Profit Before Tax (PBT): 1,480 Crore
Profit After Tax (PAT): 1,049 Crore
 

The Final dividend is in addition to the interim dividend of Rs.l/- per equity share of Rs.10/- each, declared in March 2023.

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