Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Domestic demand saves the day for SAIL in Dec quarter
Mint New Delhi
|February 14, 2025
Steel Authority of India Ltd's (SAIL) shares have risen 9% in the past two trading days as the Q3FY25 results did not disappoint in an otherwise weak market for metal stocks.
Metal stocks are under pressure as US president Donald Trump has imposed a 25% duty on all steel and aluminum imports from 12 March.
Moreover, the SAIL stock was near lows, hitting a new 52-week low of ₹99.15 apiece on Tuesday. Its consolidated Q3 Ebitda at ₹2,030 crore, falling 5.3% year-on-year (y-o-y), yet better than the 40% decline in Q2.
The company's 10% drop in Q3 realization was largely offset by the 16% volume growth. While export volumes fell 75%, domestic volumes rose 25%, due to higher demand from infrastructure and consumer segments.
This story is from the February 14, 2025 edition of Mint New Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint New Delhi
Mint New Delhi
Lodha to invest in 2.5GW data centre
Realty firm Lodha Developers
1 min
January 21, 2026
Mint New Delhi
Netflix to go all cash for Warner Bros
Netflix has switched to an all-cash offer for Warner Bros Discovery's studio and streaming assets without increasing the $82.7 billion price in a bid to shut the door on Paramount's rival efforts to snag the Hollywood giant.
1 min
January 21, 2026
Mint New Delhi
Chevron’s dilemma in Venezuela: Support Trump’s vision without losing money
Chevron wanted a piece of Nicolás Maduro’s Venezuela so it could make significant investments when the country’s political fortunes changed.
5 mins
January 21, 2026
Mint New Delhi
Is America about to acquire its own oil cartel? Don't bet on it
US geopolitical moves are unlikely to disrupt oil market dynamics
3 mins
January 21, 2026
Mint New Delhi
Everstone Cap steers Wingify-AB Tasty tie-up post buyout
Everstone Capital is in the process of merging its portfolio company Wingify with French content optimisation company AB Tasty.
1 min
January 21, 2026
Mint New Delhi
IKEA plans $2.2 bn India spend in 5 yrs
Sweden’s IKEA will more than double its investment in India to over ₹20,000 crore ($2.20 billion) in the next five years as the furniture retailer plans to open more stores and increase sourcing locally, a top executive said on Monday.
1 min
January 21, 2026
Mint New Delhi
Nuclear energy: Assign oversight with due care
Its foreseeable role in electricity supply would justify overall supervision by India’s power ministry. But we must ensure the autonomy of our regulator charged with nuclear safety
2 mins
January 21, 2026
Mint New Delhi
European countries contend with a big new threat: The U.S.
As Trump threatens NATO allies, the continent tries to head off a costly divorce
6 mins
January 21, 2026
Mint New Delhi
Let's re-imagine governance: The technology Is ready but are we?
India can either carry on with fragmented tech deployments or use advanced tools to rethink governance for better results
3 mins
January 21, 2026
Mint New Delhi
Land sale tax rule: Section 54F, 54EC and reinvestment choices
If my father sells a plot of land bought in 2005, will LTCG apply if he reinvests in a shop or gifts me the proceeds to buy a house?
2 mins
January 21, 2026
Listen
Translate
Change font size