SAIL Reports Strong Results for Q3 & 9 Months

Steel Authority of India Limited has declared its financial performance results for the October-December 2020 quarter and nine months of FY 2020-21. SAIL
SAIL Reports Strong Results for Q3 & 9 Months
SAILSteelGuru

Steel Authority of India Limited has declared its financial performance results for the October-December 2020 quarter and nine months of FY 2020-21. SAIL Chairperson Ms Soma Mondal said “The worst is behind us. SAIL has shown overall improvement during the current financial year despite all the challenges. With the focus on seizing opportunities, the company has geared up to service the rising steel demand in the market as soon as the gradual opening of lockdown started. It has always been SAIL’s strategy to operate in sync with the market situation. As we look ahead, we are confident of improving the performance further in the remaining period of the financial year.”

Key highlights of Q3 FY21

Hot metal production at 4.8 million tonne, up 12% YoY

Crude steel production at 4.37 million tonne, up 9% YoY

Saleable steel production at 4.15 million tonne, up 6% YoY

Total sales of 4.15 million tonne, up 1% YoY

Turnover of INR 19614 crores, up 20% YoY

EBITDA of INR 5294 crores, up 346% YoY

Profit Before Tax of INR 3645 crores, up by 716% YoY

Profit after Tax of INE 1283 crores up by 399% YoY

Financial Performance in 9 months of 2020-21

Hot metal production at 11.6 million tonne, down 10% YoY

Crude steel production at 10.6 million tonne, down 10% YoY

Saleable steel production at 10.2 million tonne, down 8% YoY

Turnover of INR 4526 crores, up 0.6% YoY

EBITDA of INR 7267 crores, up 70% YoY

Profit Before Tax of INR 2271 crores, up by 125% YoY

Profit after Tax of INR 406 crores up by 158% YoY

AD
No stories found.
SteelGuru Business News
www.steelguru.com