Indian state-owned steelmaker Steel Authority of India (Sail) achieved its highest-ever quarterly production in Q4 FY 2021 (Jan-March 2021) of hot metal, crude steel, and saleable steel at 4.98mn mt, 4.56mn mt, and 4.42mn mt, respectively. Hot metal production rose by 8pc, crude steel by 6pc, and saleable steel by 11pc from the prior-year period.
The company also reported its quarterly best sales at 14.94mn mt, up 5pc from the prior-year quarter. SAIL posted strong result on the back of robust demand in international markets. Overall, all the steel plants reported positive profitability for the quarter.
The company’s EBIDTA for the fiscal year was at Rs137.4bn, up 22pc from a year ago and PAT of Rs38.5bn in FY2021 ending March 2021, up 90pc from FY2020. In Q4, EBIDTA stood at Rs64.73bn, down 6.4pc and profit after tax stood at Rs34.44bn, up 26pc from a year ago.