INSUBCONTINENT EXCLUSIVE:
The Q4 FY18 EBITDA at Rs 2,624 Crore is highest in the last twenty-seven quarters
Steel Authority of India Ltd (SAIL) announced its financial results for the March quarter of the
financial year 2017-18 (Q4 FY18), and for FY18
After returning to profits in Q3 FY18, the company in Q4 FY18 recorded a net profit of Rs 816 Crore reaffirming SAIL's positive performance
This comes after making a provision of Rs 582 Crore towards enhanced gratuity recently approved by Government of India
All the five integrated steel plants of the company have also recorded individual profits in Q4 FY18
SAIL management's sustained efforts for process integration starting from production till reaching the customers, the intensive marketing
efforts along with ramping up of production and stabilization of new mills are all yielding results and a novel end-to-end approach with its
new product offerings helped the company achieve a stronger position.Company's net turnover in Q4 FY18 of Rs 16,811 Crore saw an increase of
34% over corresponding period last year
The Q4 FY18 EBITDA at Rs 2,624 Crore is highest in the last twenty-seven quarters
The EBITDA per tonne of sales for Q4 FY 18 is Rs 7,020
The total sales volume in Q4 FY18 was 3.738 Million Tonnes (MT) which increased by 8.4% over CPLY.Slimming the losses by around 83% in FY18,
the Profit After Tax on standalone basis improved to Rs (-) 482 Crore from Rs (-) 2,833 Crore in FY17
The consolidated profit after tax stood at Rs (-) 281 Crore for FY18 as against Rs
The strategic and persistent approach to improve operational profitability assisted SAIL to stay EBIDTA positive in FY 18; recorded at
The Company registered highest sales volume for the year in FY18 at 14.08 MT which is higher by 7.4% over CPLY.SAIL's performance on the
production front recorded highest ever quarterly crude steel production of around 4.0 MT in Q4 FY18 with a growth of 6% over CPLY
In Q4 FY18, highest quarterly Concast production of 3.406 MT with growth of 8% over CPLY was also recorded
In the same quarter, the best ever quarterly Coke Rate recorded a reduction of 3% over CPLY, BF productivity was higher by 4% over CPLY and
Specific Energy Consumption improved to 6.38 Gcal/tcs, lower by 2% as compared to CPLY.On this occasion, chairman, SAIL, P K Singh said
that, the effect of synergised team work across SAIL, integration of every process and continual focus to service the customers with world
class products is finally beginning to show
The chairman further said that SAIL, is ready with an array of value added products which are tailored for today's requirements
The domestic market is showing very good growth signs, which is backed up strongly by the Government's initiative to enhance domestic steel
consumption.Singh also stated that, new mills in SAIL are offering products for every segment and the company's new marketing initiatives
are not only exploring new markets but also reaching out to people in the far-flung areas to raise awareness about steel usage
This will also help SAIL to actively contribute towards the targets envisaged in National Steel Policy
He further said that SAIL's new products will meet the demands of retail, rural as well as large projects.
