SAIL Q4FY21 consolidated PAT zooms to Rs. 3469.88 crores

STEEL AUTHORITY OF INDIA LTD. (SAIL) has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.23533.19 crores during the period ended March 31, 2021 as compared to Rs.19997.31 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.3469.88 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.1468.20 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.8.40 for the period ended March 31, 2021 as compared to Rs.3.55 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 23533.19 crs	₹ 19997.31 crs	17.68%
Net Profit	₹ 3469.88 crs	₹ 1468.20 crs	136.34%
EPS	₹ 8.40	₹ 3.55	136.62%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.23533.19 crores during the period ended March 31, 2021 as compared to Rs.16574.71 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.3469.88 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.2647.52 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.8.40 for the period ended March 31, 2021 as compared to Rs.6.41 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 23533.19 crs	₹ 16574.71 crs	41.98%
Net Profit	₹ 3469.88 crs	₹ 2647.52 crs	31.06%
EPS	₹ 8.40	₹ 6.41	31.05%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.69974.28 crores during the 12 months period ended March 31, 2021 as compared to Rs.62569.95 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.4148.13 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.2120.71 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.10.04 for the 12 months period ended March 31, 2021 as compared to Rs.5.13 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 69974.28 crs	₹ 62569.95 crs	11.83%
Net Profit	₹ 4148.13 crs	₹ 2120.71 crs	95.6%
EPS	₹ 10.04	₹5.13	95.71%

While commenting on the company's performance during FY21, Smt. Soma Mondal, Chairman, SAIL said, "The production performance and financial performance of the company have improved hand-in-hand during the year. 'Team-SAIL' worked committedly notwithstanding severe and unforeseen challenges posed by the pandemic of Covid-19 especially during the first half. The second half saw buoyancy in steel demand on the back of recovering economic activities. With the government also putting thrust on infrastructure spending, we focused on scaling up market driven products along with improvement in operational efficiency, which helped the company deliver a noteworthy performance".

Key highlights of SAIL's performance in FY 2020-21 and Q4 FY'21

- EBITDA of Rs.13740 Crore and Profit After Tax (PAT) of Rs. 3850 Crore in FY21

- EBITDA of Rs. 6473 Crore and Profit After Tax of Rs. 3444 Crore in Q4FY21

- Net debt (Non IndAS) decreased by Rs. 16,131 Crore to Rs. 35,350 Crore (as on 31.03.2021) during FY 2020-21.

- Achieved highest ever quarterly hot metal, crude steel and saleable steel production of 4.98 MT, 4.56 MT and 4.42 MT respectively during Q4FY21; registered a 8%, 6% and 11% growth in these categories over CPLY

- Clocked best ever annual sales at 14.94 MT; a growth of 5% over CPLY

- Achieved best ever quarterly sales performance of 4.35 MT sales in Q4FY21, a growth of 16% over CPLY

Chairman added, "As the country is braving the second wave of Covid-19, we are doing every bit to face the challenges and maintain the momentum. Our priority remains to increase volumes, with emphasis on enhancing the share of value-added products, in tandem with market requirements while continuously bringing in systemic improvements across the organization"

Shares of STEEL AUTHORITY OF INDIA LTD. was last trading in BSE at Rs.128.55 as compared to the previous close of Rs. 124.45. The total number of shares traded during the day was 3933540 in over 14795 trades.

The stock hit an intraday high of Rs. 129.5 and intraday low of 126.05. The net turnover during the day was Rs. 500667766.

Source : Equity Bulls

Keywords