Steel Authority of India Limited (SAIL) has declared its financial results today for the quarter and year ending 31st 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|
|Revenue From Operation||Rs. Crore||103473||69110||30758||23286|
|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.