Business & Investment

SAIL Q3 results: report net profit of Rs 1,468

State-owned enterprises reported net profit of Rs 1,468.20 during the period on Friday December quarter Due mainly to the increase, the net loss of 343.57 rupees in the same period of the previous year was increased Steel demand..

“The worst is behind us. SAIL has shown overall improvement during this fiscal year, despite all challenges … From now on, we will be in the rest of the fiscal year. We are confident in further improving performance. ”Friday’s statement.

The company’s operating revenue increased 20% in the December quarter to Rs 19,835 and total expenses reached Rs 16,406, down about 5.2% year-on-year.

The BSE filing company said revenue from the business included: amount of sales The quarter ending December 2020 is Rs 1,675 and the period from April 1, 2020 to December 31, 2020 is Rs 5,370, recognized on a provisional contract basis.

The· board of directors SAIL has also declared an interim dividend for Rs. 1 share per share for 10 rupees each (10% of the company’s paid-in share capital). The record date for payment of the interim dividend is February 6, 2021.

During the quarter, hot metal production was 4.8 million tonnes, up 12% year-on-year, and available steel production was 4.15 tonnes, up 6% year-on-year. Total sales, including domestic and export, were 4.15 tonnes, an increase of about 1% year-on-year.

“Sectors such as infrastructure, construction, manufacturing and automobiles have seen relatively rapid recovery. Since these sectors are major steel consumers, those recovery is a rise in domestic steel sector demand. Helped, “the company said in a statement.

Before interest, taxes, depreciation and amortization, the company’s revenue was Rs 5,294, compared to Rs 1,186 for Ebitda.

“The government’s coordinated impetus to strengthen the country’s infrastructure has helped the domestic steel sector witness healthy demand creation,” the company’s statement said.



SAIL Q3 results: report net profit of Rs 1,468

https://economictimes.indiatimes.com/markets/stocks/earnings/sail-q3-results-reports-net-profit-of-rs-1468-crore/articleshow/80590684.cms SAIL Q3 results: report net profit of Rs 1,468

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