The shares of Metal Authority of India Ltd (SAIL) have been buying and selling at ₹104.71 up by ₹ 4.69 or 4.69 per cent on the NSE at present at 1.10 pm, although the shares hit its 52-week low at ₹99.15.
Metal Authority of India Ltd (SAIL) reported a pointy 66.5 per cent decline in web revenue to ₹141.9 crore for the third quarter ended December 2024, in comparison with ₹422.9 crore in the identical interval final 12 months. The state-owned metal producer’s income from operations, nevertheless, grew 4.9 per cent to ₹24,489.9 crore from ₹23,348.6 crore year-on-year.
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The corporate’s EBITDA fell 5.3 per cent to ₹2,029.6 crore, with the EBITDA margin contracting to eight.3 per cent from 9.2 per cent within the corresponding quarter of the earlier fiscal 12 months.
SAIL Chairman Amarendu Prakash attributed the difficult efficiency to declining metal costs and elevated low cost imports available in the market. Regardless of these headwinds, he famous that the corporate achieved higher EBITDA efficiency in comparison with the earlier 12 months’s quarter.
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Wanting forward, the corporate plans to deal with boosting manufacturing and enhancing value effectivity whereas exploring greener applied sciences. Prakash expressed optimism in regards to the authorities’s infrastructure improvement initiatives driving home metal demand and anticipated that applicable interventions would tackle the problem of low cost imports affecting the trade.
