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Steel Authority of India Full Year 2024 Earnings: EPS Beats Expectations
Steel Authority of India (NSE:SAIL) Full Year 2024 Results
Key Financial Results
- Revenue: ₹1.06t (up 1.9% from FY 2023).
- Net income: ₹30.7b (up 41% from FY 2023).
- Profit margin: 2.9% (up from 2.1% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: ₹7.42 (up from ₹5.27 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Steel Authority of India EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 30%.
Looking ahead, revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Metals and Mining industry in India.
Performance of the Indian Metals and Mining industry.
The company's shares are up 5.9% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Steel Authority of India (1 can't be ignored) you should be aware of.
Valuation is complex, but we're helping make it simple.
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About NSEI:SAIL
Steel Authority of India
A steel-making company, manufactures and sells iron and steel products in India and internationally.
Solid track record and fair value.