Iron & Steel Products company Steel Authority of India (SAIL) announced Q4FY24 & FY24 results: FY24 Financial Highlights: Crude Steel Production increased from 18.29 million tonnes in FY23 to 19.24 million tonnes in FY24, marking a growth of 5.19%. Sales Volume rose from 16.20 million tonnes in FY23 to 17.02 million tonnes in FY24, indicating an increase of 5.06%. Revenue from Operations witnessed a marginal increase from Rs 1,04,447 crore in FY23 to Rs 1,05,375 crore in FY24. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) surged from Rs 9,379 crore in FY23 to Rs 12,280 crore in FY24, reflecting a significant growth of 30.93%. Profit Before Exceptional Items and Tax increased substantially from Rs 2,379 crore in FY23 to Rs 4,529 crore in FY24, indicating a robust growth of 90.17%. Exceptional Items turned negative from Rs 258 crore in FY23 to -Rs. 841 crore in FY24. Profit Before Tax (PBT) rose from Rs 2,637 crore in FY23 to Rs 3,688 crore in FY24, representing a growth of 39.87%. Profit After Tax (PAT) increased from Rs 1,903 crore in FY23 to Rs 2,733 crore in FY24, showing a growth of 43.63%. Q4FY24 Financial Highlights: Crude Steel Production increased to 5.02 million tonnes in Q4FY24 from 4.95 million tonnes in Q4FY23. Sales Volume also saw an increase, rising to 4.56 million tonnes in Q4FY24 compared to 4.68 million tonnes in Q4FY23. Revenue from Operations for Q4FY24 amounted to Rs 27,958 crore, showing a slight decrease from Rs 29,131 crore in Q4FY23. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) in Q4FY24 increased to Rs 3,829 crore, up from Rs 3,401 crore in Q4FY23. Profit Before Exceptional Items and Tax for Q4FY24 rose to Rs 1,831 crore, compared to Rs 1,520 crore in Q4FY23. Exceptional Items in Q4FY24 amounted to -Rs. 502 crore, showing improvement from -Rs. 40 crore in Q4FY23. Profit Before Tax (PBT) decreased to Rs 1,329 crore in Q4FY24 from Rs 1,480 crore in Q4FY23. Profit After Tax (PAT) for Q4FY24 was Rs 1,011 crore, lower than Rs 1,049 crore in Q4FY23. Commenting on the results. Chairman, SAIL said, "The Indian Steel Markets have remained quite robust showcasing continual growth in demand. SAIL has been taking various initiatives towards increasing volumes, adding value .added products to its product basket and improving efficiency levels which is reflected in the improved physical performance year on year. The Company will continue to work on improving its performance further to tap into the buoyancy in the growinv Indian Steel Market". Result PDF