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.
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).
Read Also : Vice Admiral Dinesh Kumar Tripathi appointed as next Chief of the Naval Staff
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
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.
Read Also : NSDC and ISKCON join forces through an MoUNews Must Read
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024
- SCOPE presents SCOPE PREMIER LEAGUE
- MCL Ib Valley Washery commenced commercial operation
- HAL bags Rs 65,000 Cr tender by Defence Ministry
- PSBs' growth output superseded Private Lending firms
- Northern Coalfields Limited CMD inspects Amlohri Area
- SCOPE organizes Public Sector Day celebrations
- IOCL Final Dividend Announcement Expected at April 30 Board Meeting
- Steel Cutting Ceremony of Indian Navy held at HSL Vishakapatnam
- DIPAM declines PFC-REC debt resolution proposal for KSK Mahanadi project