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Highlights
- Sales over the Year and quarter: The company’s sales declined by -4.02 % over the year, substantial increase in net sales/revenue by 19.74 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -18.02 %, Marginal increase in other income during this quarter, up by 64.85%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Steel Authority of India Limited. Profit dropped by -2.89 % Year to Year, Steel Authority of India Limited’s profitability increased by 166.17 % in this quarter.
- EPS over the Year and quarter: EPS declined by -2.85 % Year to Year. EPS increased by 167.65 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 29130.66 Cr | Rs. 23348.64 Cr | Rs. 27958.52 Cr | + 19.74 % | -4.02 % |
| Expenses | Rs. 26206.5 Cr | Rs. 21206.18 Cr | Rs. 24475.85 Cr | + 15.42 % | -6.6 % |
| Operating Profit | Rs. 2924.16 Cr | Rs. 2142.46 Cr | Rs. 3482.67 Cr | + 62.55 % | + 19.1 % |
| OPM % | 10.04 % | 9.18 % | 12.46 % | + 3.28 % | + 2.42 % |
| Other Income | Rs. 559.77 Cr | Rs. 278.37 Cr | Rs. 458.88 Cr | + 64.85 % | -18.02 % |
| Interest | Rs. 517 Cr | Rs. 613.85 Cr | Rs. 642.19 Cr | + 4.62 % | + 24.21 % |
| Depreciation | Rs. 1364.67 Cr | Rs. 1320.78 Cr | Rs. 1355.82 Cr | + 2.65 % | -0.65 % |
| Profit before tax | Rs. 1602.26 Cr | Rs. 486.2 Cr | Rs. 1943.54 Cr | + 299.74 % | + 21.3 % |
| Tax % | 31.26 % | 32.65 % | 24.35 % | -8.3 % | -6.91 % |
| Net Profit | Rs. 1159.21 Cr | Rs. 422.92 Cr | Rs. 1125.68 Cr | + 166.17 % | -2.89 % |
| EPS in Rs | Rs. 2.81 | Rs. 1.02 | Rs. 2.73 | + 167.65 % | -2.85 % |
Today, we’re looking at Steel Authority of India Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -4.02 %. However, it did see a marginal increase of 19.74 % from the previous quarter. Expenses ticked up slightly by 15.42 % quarter-on-quarter, aligning with the annual decline of -6.6 %. Operating profit, while up 19.1 % compared to last year, faced a quarter-on-quarter increase of 62.55 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 2.42 %, but an expansion of 3.28 % sequentially. Other income rose by 64.85 % compared to the last quarter, despite an annual decline of -18.02 %. Interest expenses surged remarkably by 4.62 % from the previous quarter, yet the year-over-year increase remains at a moderate 24.21 %. Depreciation costs climbed by 2.65 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -0.65 %. Profit before tax grew annually by 21.3 % but saw an increase from the preceding quarter by 299.74 %.
Tax expenses as a percentage of profits decreased slightly by -6.91 % compared to last year, with a more notable quarter-on-quarter decrease of -8.3 %. Net profit fell by -2.89 % year-on-year but experienced a 166.17 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -2.85 % but a quarterly rise of 167.65 %. In summary, Steel Authority of India Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 29130.66 Cr | Rs. 23348.64 Cr | Rs. 27958.52 Cr | + 19.74 % | -4.02 % |
| Expenses | Rs. 26206.5 Cr | Rs. 21206.18 Cr | Rs. 24475.85 Cr | + 15.42 % | -6.6 % |
| Operating Profit | Rs. 2924.16 Cr | Rs. 2142.46 Cr | Rs. 3482.67 Cr | + 62.55 % | + 19.1 % |
| Net Profit | Rs. 1159.21 Cr | Rs. 422.92 Cr | Rs. 1125.68 Cr | + 166.17 % | -2.89 % |
| EPS in Rs | Rs. 2.81 | Rs. 1.02 | Rs. 2.73 | + 167.65 % | -2.85 % |
In reviewing Steel Authority of India Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -4.02 % year-on-year, however, there was a minor increase of 19.74 % from the previous quarter. Expenses decreased by -6.6 % compared to the previous year, with a 15.42 % increase quarter-on-quarter. Operating Profit surged by 19.1 % annually, and saw a 62.55 % increase from the last quarter.
Net Profit showed yearly decrease of -2.89 %, and experienced a 166.17 % increase from the previous quarter. Earnings Per Share (EPS) fell by -2.85 % annually, however rose by 167.65 % compared to the last quarter. In essence, while Steel Authority of India Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
