Steel Authority of India Ltd.'s net profit slipped 62% in the quarter ended Dec. 31, 2024, thereby missing analysts' estimates.
The steel manufacturing company's standalone bottom line came in at Rs 126 crore in the third quarter, as compared to Rs 331 crore in the year-ago period, according to an exchange filing on Tuesday. The consensus estimate of analysts tracked by Bloomberg was of Rs 175 crore.
SAIL Q3 FY25 Earnings Highlights (Standalone, YoY)
Revenue up 4.9% at Rs 24,489 crore versus Rs 23,345 crore (Bloomberg estimate: Rs 24,468 crore).
Ebitda down 5.42% at Rs 2,024 crore versus Rs 2,140 crore (Estimate: Rs 2,017 crore).
Ebitda margin contracts 90 basis points to 8.26% versus 9.16%. (Estimate: 8.2%).
Net profit down 61.93% at Rs 126 crore versus Rs 331 crore (Estimate: Rs 175 crore).
Before the quarterly results were declared, shares of SAIL closed 4.7% lower at Rs 100.15 apiece on the BSE, compared to a 1.32% decline in the benchmark Sensex.
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