New Delhi, 10th June 2021: Steel Authority of India Limited (SAIL) has announced the company’s annual as well as fourth-quarter performance for the financial year FY 2020-21 (FY21) on 10th June 2021. SAIL has exhibited strong performance in all parameters in FY21 despite the unprecedented challenges posed by the Covid-19 pandemic.
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 FY21
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EBITDA of Rs. 13,740 Crore and Profit After Tax (PAT) of Rs. 3,850 Crore in FY21.
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EBITDA of Rs. 6,473 Crore and Profit After Tax of Rs. 3,444 Crore in Q4FY21.
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Net debt (Non-Ind AS) decreased by Rs. 16,131 Crore to Rs. 35,350 Crore (as of 31.03.2021) during FY 2020-21.
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Achieved highest-ever quarterly production of hot metal (4.98 MT), crude steel (4.56 MT), and saleable steel (4.42 MT) during Q4FY21, registering an 8%, 6%, and 11% growth, respectively, over the corresponding period last year (CPLY).
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Clocked best-ever annual sales at 14.94 MT, a growth of 5% over CPLY.
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Achieved best-ever quarterly sales performance of 4.35 MT in Q4FY21, a growth of 16% over CPLY.
*MT is Million Tonnes, unless specified otherwise
SAIL's Financial Performance at a glance
*All figures in Rs. crore
|
|
FY 21 |
FY 20 |
% Growth |
Q4 FY 21 |
Q4 FY 20 |
% Growth |
|
PAT |
3850 |
2022 |
90.5 |
3444 |
2725 |
26.4 |
|
PBT |
6879 |
3171 |
117 |
4608 |
4181 |
10.2 |
|
EBITDA |
13740 |
11184 |
22.8 |
6473 |
6917 |
-6.4 |
|
TURNOVER |
68452 |
61025 |
12.2 |
23166 |
16024 |
44.6 |
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.”
Date: 10.06.2021