SAIL shares rises, company net profit increased by 11.1% to Rs 1,251 crore in Q4
Shares of State-owned Steel Authority of India Ltd surge by 0.98% at Rs 130.22 as the company reported a consolidated net profit of Rs 1,251 crore, up by 11.1% in Q4FY25 from the corresponding period of the previous year, which was standing at Rs 1,125.68 crore.
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Shares of State-owned Steel Authority of India Ltd surge by 0.98% at Rs 130.22 as the company reported a consolidated net profit of Rs 1,251 crore, up by 11.1% in Q4FY25 from the corresponding period of the previous year, which was standing at Rs 1,125.68 crore.
Sequentially, the Steel PSU posted a significant gain from Rs 141.69 crore in Q3FY25.
This increase in profit is subject to improved and diversified performance of steel plants and low input costs.
Meanwhile, the revenue from operations stood at Rs 29,316.14 crore in Q4FY25, up by 4.9% from Rs 27,958.52 crore in the previous year period.
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As compared to Q3FY25, revenue rises 19.7% to Rs 24,489.91 crore. For the FY25, the consolidated net profit stood at Rs 2,371.82 crore, down from Rs 3,066.67 crore in FY24, with a 22.7% decline year-on-year. Meanwhile, the company's revenue from operations stood at Rs 1,02,479.06 crore, marginally down from Rs 1,05,378.33 crore as reported in FY24.
The board of directors of the company has also recommended a final dividend of Rs 1.6 per share, subject to the approval of the shareholders.
The stock has surged by 13.25% in the last month. The stock opened today at Rs 131.75 and is currently trading in the green zone.
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