Prøve GULL - Gratis
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.
Denne historien er fra February 14, 2025-utgaven av Mint New Delhi.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint New Delhi
Mint New Delhi
Dimon seemed to have Trump figured out—until this week
Despite their public disputes, Dimon had a cordial relationship with Trump.
3 mins
January 16, 2026
Mint New Delhi
Retail share in NSE trade hits 10-yr low
The share of direct retail participation in India’s largest stock exchange’s cash turnover has fallen to its lowest in a decade, dragged down by risk aversion amid underperforming equity benchmarks, the rise of mutual funds and reallocation towards initial public offerings.
1 min
January 16, 2026
Mint New Delhi
Air India warns of A350 route disruptions
Air India warned of possible disruptions to routes served by its Airbus A350s due to engine damage sustained by one of the long-haul aircraft after landing in New Delhi on Thursday.
1 min
January 16, 2026
Mint New Delhi
China’s propaganda playbook for targeting rivals
When Beijing wants to intimidate its rivals, it has an extensive—and often menacing—playbook to draw from.
4 mins
January 16, 2026
Mint New Delhi
RBI’s dividend norms to up govt payouts
The Reserve Bank of India’s (RBI's) move to allow banks to distribute up to 75% of their net profit as dividends, up from 45% earlier, marks a shift in how regulators balance capital conservation with shareholder returns by tying payouts more closely to a bank’s score equity.
2 mins
January 16, 2026
Mint New Delhi
India's trade gap widens in December
India’s merchandise trade deficit widened in December following a sharp rise in imports, even as demand for its goods in the US remained resilient despite steep tariffs.
2 mins
January 16, 2026
Mint New Delhi
Trump claims crackdown in Iranian protests weakening
US President Trump still does not rule out potential US military action in future
1 mins
January 16, 2026
Mint New Delhi
Maersk to resume Suez Canal sailing
Maersk's move signals a step towards the normalization of global supply lines.
1 min
January 16, 2026
Mint New Delhi
Sony India revenue rises 2.4% in FY25
Consumer electronics maker Sony India’s revenue from operations increased 2.44% to ₹7,851.08 crore in the fiscal 2025; however, its total profit for the financial year decreased by nearly 6% to ₹157.03 crore, according to a regulatory filing from the company.
1 min
January 16, 2026
Mint New Delhi
Connected TVs bring viewers back to long-format content
Long-format content is finding an unlikely coexistence amid the shrinking attention spans of the mobile era, with television.
2 mins
January 16, 2026
Listen
Translate
Change font size