Revenue from operations also missed the estimates, rising 8% to ₹25,921 crore against ₹23,997 crore in the corresponding period of the preceding fiscal. The CNBC-TV18 poll had predicted revenue of ₹26,399 crore for the quarter under review.
Also Read: SAIL Q3 Results | Net profit tanks 67% to ₹142 crore but revenue up 5%
At the operating level, Q1 EBITDA rose 24.7% YoY to ₹2,767 crore over ₹2,219 crore last year, again below the CNBC-TV18 poll had prediction of ₹3,510 crore. The EBITDA margin widened to 10.6% from 9.2% in Q1FY25, less than the CNBC-TV18 poll’s predicted margin of 13.3%.
The results came after the close of the market hours. Shares of Steel Authority of India Ltd ended at ₹130.65, down by ₹5.45 or 4%, on the BSE.
Also Read: SAIL share price target raised by Citi with two warnings
(Edited by : Shoma Bhattacharjee)
