SAIL Declares Financial Results for FY’23 : PAT 1,903 Cr.

New Delhi, 28th May 2023: Steel Authority of India Limited (SAIL) has declared its financial results today for the fourth quarter and year ending 31st March, 2023.

Key highlights:

Performance of FY 23 (Standalone) at a glance:

 UnitFY 22-23FY 21-22
Crude Steel ProductionMillion Tonne18.2917.37
SalesMillion Tonne16.2016.15
Revenue from OperationsRs. Crore1,04,4471,03,473
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA)Rs. Crore9,37922,364
Profit Before Tax (PBT)Rs. Crore2,63716,039
Profit After Tax (PAT)Rs. Crore1,90312,015

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

 UnitQ4 22-23Q3 22-23Q4 21-22
Crude Steel ProductionMillion Tonne4.954.714.60
SalesMillion Tonne4.684.154.71
Revenue from OperationsRs. Crore29,13125,04230,758
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA)Rs. Crore3,4012,1984,783
Profit Before Tax (PBT)Rs. Crore1,4806353,210
Profit After Tax (PAT)Rs. Crore1,0494642,418

The company recommended Rs. 0.50 per share as final dividend for FY’23. This makes the total dividend for FY’23 as Rs. 1.50 per share including the interim dividend already declared.

Higher prices of coal and volatility of steel prices have impacted the margins of SAIL. In the current financial year, the company is taking strategic steps for improving the performance.

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