SAIL Reports Higher EBITDA Despite Market Challenges

Steel Authority of India Limited (SAIL) has announced its financial results for the quarter and nine months ending December 31, 2024. The company recorded an increase in revenue from operations and sales volume in Q3 FY25, along with a slight improvement in EBITDA compared to the same period last year.
Chairman Amarendu Prakash acknowledged the challenges of declining steel prices and rising imports but emphasized SAIL’s resilience in improving EBITDA. He reaffirmed the company's focus on boosting production, enhancing cost efficiency, and adopting greener technologies. He also expressed optimism that government interventions and infrastructure investments would support the domestic steel industry and drive demand.