Standalone drop in crude steel production and sales across all products
Standalone drop in final-quarter and full-year earnings
Lower raw material costs helped partially offset negative impact on margins
Consolidated performance reported a drop in full-year revenues and earnings
Standalone full-year 2020
Production of crude steel
16.06 million tonnes, down 4% from 16.69 million tonnes year on year.
Net profit after tax
52.91 billion rupees ($700.46 million), down 35% year on year
Operating earnings before interest, taxes, depreciation and amortization (Ebitda)
125.17 billion rupees, down 32% year on year
Revenues from operations
642.62 billion rupees, down 17% year on year
Total saleable steel sales
15.08 million tonnes, down 4% from 15.76 million tonnes year on year.
Standalone fourth-quarter (January-March) results