Indian state owned steel giant Steel Authority of India Limited has declared that its net profit increased to INR 9597 crore during April-December 2021 22 quarter as against INR 406 crore in April-December 2020 21 as revenue from operations grew by 59% YoY to INR 72,715 crore, driven by best ever production of hot metal, crude steel and saleable steel.Revenue- INR 72,715 crore, up 59% YoYEBITDA – INR 17581 crore, up 142% YoYPBT – INR 12829 crore, up 465% YoYPAT – INR 9597 crore, up 2264% YoYHot Metal Production -13.82 million tonne, up 19% YoYCrude Steel Production - 12.77 million tonne, up 20% YoYSaleable Steel Production - 12.46 million tonne, up 22% YoYRevenue 59% at Rs 72,715 Crore in 9M FY’22 over CPLYThe company has delivered one of its best physical performances during the quarter as well. However, the same is not reflected in the financial performance of Q3 of 2021-22 due to various factors beyond the control of the company which primarily include unprecedented increase in the prices of imported and indigenous coking coal.Revenue - INR 25,245 crore, up by 28% YoYEBITDA – INR 3,659 crore, down 31% YoYPBT - INR 1,931 crore, down 47% YoYPAT - INR 1,443 crore, up 12% YoYHot Metal Production - 4.89 million tonne, up 2% YoYCrude Steel Production - 4.53 million tonne, up 4% YoYSaleable Steel Production -4.37 million tonne, up 5% YoYThe company’s focus remains to lower its borrowings and this is reflected in the reduction of about 15% over Q2. Borrowings stood at INR 19,128 crore as on 31.12.2021
Indian state owned steel giant Steel Authority of India Limited has declared that its net profit increased to INR 9597 crore during April-December 2021 22 quarter as against INR 406 crore in April-December 2020 21 as revenue from operations grew by 59% YoY to INR 72,715 crore, driven by best ever production of hot metal, crude steel and saleable steel.Revenue- INR 72,715 crore, up 59% YoYEBITDA – INR 17581 crore, up 142% YoYPBT – INR 12829 crore, up 465% YoYPAT – INR 9597 crore, up 2264% YoYHot Metal Production -13.82 million tonne, up 19% YoYCrude Steel Production - 12.77 million tonne, up 20% YoYSaleable Steel Production - 12.46 million tonne, up 22% YoYRevenue 59% at Rs 72,715 Crore in 9M FY’22 over CPLYThe company has delivered one of its best physical performances during the quarter as well. However, the same is not reflected in the financial performance of Q3 of 2021-22 due to various factors beyond the control of the company which primarily include unprecedented increase in the prices of imported and indigenous coking coal.Revenue - INR 25,245 crore, up by 28% YoYEBITDA – INR 3,659 crore, down 31% YoYPBT - INR 1,931 crore, down 47% YoYPAT - INR 1,443 crore, up 12% YoYHot Metal Production - 4.89 million tonne, up 2% YoYCrude Steel Production - 4.53 million tonne, up 4% YoYSaleable Steel Production -4.37 million tonne, up 5% YoYThe company’s focus remains to lower its borrowings and this is reflected in the reduction of about 15% over Q2. Borrowings stood at INR 19,128 crore as on 31.12.2021
