SAIL declares financial results for FY’22; revenue crosses Rs 1L crore

Steel Authority of India Limited (SAIL) has declared its financial results today for the quarter and year ending 31^st March, 2022 (FY’22).

During FY’22, the company has 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.22,364crore.

.This performance, backed by an uptick in steel demand and positive business outlook, is an outcome of collaborative and concerted efforts for enhancing production and improve techno-economics parameters while seizing possible opportunities in the market place.

SAIL FY’22 and Q4 FY’22 at a glance

	Unit	FY’22	FY’21	Q4 FY’22	Q4 FY’21
Crude steel Production	Million Tonne	17.36	15.21	4.60	4.56
Sales	Million Tonne	16.15	14.94	4.71	4.34
Revenue From Operation	Rs. Crore	103473	69110	30758	23286
EBITDA	Rs. Crore	22364	13740	4783	6473
Profit Before Tax (PBT)	Rs. Crore	16039	6879	3210	4608
Profit After Tax (PAT)	Rs. Crore	12015	3850	2418	3444

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.