SAIL records its best ever Q1 in Crude Steel Production and Sales

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New Delhi, August 19, 2023: Steel Authority of India Limited (SAIL) declared its financial results for the quarter ending 30th June, 2023. The Key highlights of financial results are mentioned below:

Performance of Q1 FY 2023-24 (Standalone) at a glance:

  Unit Q1 2022-23 Q4 2022-23 Q1 2023-24
Crude Steel Production Million Tonne 4.33 4.95 4.67
Sales Volume Million Tonne 3.15 4.68 3.88
Revenue from Operations ₹ Crore 24,029 29,131 24,358
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) ₹ Crore 2,606 3,401 2,090
Profit Before Tax (PBT) ₹ Crore 1,038 1,480 202
Profit After Tax (PAT) ₹ Crore 776 1,049 150


SAIL achieved its best ever Q1 performance with respect to Productions and Sales. The company registered a growth in the Crude Steel Production and Sales Volumes by 8% and 23% respectively over CPLY (corresponding period last year). Despite increase in volumes, the turnover has increased by 1% due to decline in price realization.

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With the coking coal prices stabilizing and the market outlook positive for sustained consumption growth in the country, margins are likely to improve going forward. The Company is also taking up debottlenecking and efficiency improvement projects to shore up the profitability in the medium term.

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