New Delhi (23.05.2022): Steel Authority of India Limited (SAIL) on Monday declared its financial results for the quarter and year ending March 31, 2022 (FY’22).
During the period SAIL clocked its best-ever performance in production and sales while achieving an all-time high revenue from operation of Rs. 1,03,473 Crore and EBITDA of Rs. 22,364 crore. This performance, backed by an uptick in steel demand and a positive business outlook, is an outcome of collaborative and concerted efforts for enhancing production and improving the techno-economics parameters while seizing possible opportunities in the market place said SAIL management in a press statement.
The key highlights (FY 2021-22) on the performance of the public-sector steel giant may be summarized as follows;
- Highest ever Revenue from Operation of Rs.1,03,473 Crore
- EBITDA of Rs.22,364 Crore
- Profit Before Tax (PBT) of Rs.16,039 crore
- Profit After Tax (PAT) of Rs.12,015 Crore
- Borrowings stood below Rs.13,400 crore as on 31.03.2022
The company said that this record-breaking performance in FY’22 is a result of synergy across the Organization. However, the fourth quarter could not be fully insulated from the unprecedented rise in input costs, especially the price rise of imported coking coal on account of various reasons. Notwithstanding the challenges, the Company has taken several proactive steps to contain costs. Going forward, the Company has plans to meet the twin challenges of higher input costs and market price volatility by undertaking various measures for continual improvement in its processes and products basket.
It may be underlined that SAIL, the topmost buyer on GeM amongst all CPSEs in FY’22, has supplied steel for various projects of National importance like Central Vista Delhi, Mumbai-Ahmedabad High-Speed Rail, Delhi-Meerut RRTS, Polavaram Irrigation project, Kaleshwaram Irrigation Project, Purvanchal Expressway, several Metro Rail Projects across the Country, etc.
