SAIL Q3 net profit down 34% at Rs 1107 cr

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26 Aug, 2025 12:21

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Steel Authority of India, (SAIL) has announced its third quarter results. The company's Q3 net profit was down 34% at Rs 1,107 crore versus 1675 crore, year-on-year, YoY.

Its revenues were up 14.5% at Rs 11312 crore versus Rs.9878 crore.

Its OPM was down at 15.9% versus 26.1%

Concerns

- Lower than expected realisations

- Blended realisations decline 2% QoQ

- Blended realisations at `35000

- EBITDA/t down 37% at $112/t YoY

- EBITDA down on higher raw material costs

- Raw material costs up 37% YoY

- SAIL bought coking coal at $205/t

- Volumes neutralised cost push

- Increase in steel volumes up 7% at 3.25 mt QoQ

SAIL

- Q3FY11 Coking Coal Price

- Rise in coking coal a big worry

- Coking coal comprises of 42% of operating costs

- No captive availability of coking coal

- Will impact profitability if coking coal prices increase

- Operating cost/t to rise by 0.7% on every $10 hike