India’s state owned steel maker Steel Authority of India Limited has reported Loss after Tax of INR 386 crores in July-September 2022 quarter. SAIL said “The margins have been impacted by prices of imported coal and slowing down of demand of steel across economics. However, the on-going sustained infra push gives signs of better times ahead for the Indian steel market.” Crude Steel Production - 4.3 million tonne, down 4% YoYSales Volume - 4.21 million tonne, down 2% YoYRevenue – INR 26246 Crore, down 2% YoYEBITDA – INR 1174 Crore, down 84% YoYLoss After Tax – INR 386 Crore, down 109% YoY Performance of H1 FY 23 (Standalone)Crude Steel Production - 8.63 million tonne, up 5% YoYSales Volume - 7.36 million tonne up13% YoYRevenue from Operations - 50275 Crore, down 100% YoYEBITDA - 3780 Crore, up 261% YoYProfit After Tax - 391 Crore, down 94% YoY
India’s state owned steel maker Steel Authority of India Limited has reported Loss after Tax of INR 386 crores in July-September 2022 quarter. SAIL said “The margins have been impacted by prices of imported coal and slowing down of demand of steel across economics. However, the on-going sustained infra push gives signs of better times ahead for the Indian steel market.” Crude Steel Production - 4.3 million tonne, down 4% YoYSales Volume - 4.21 million tonne, down 2% YoYRevenue – INR 26246 Crore, down 2% YoYEBITDA – INR 1174 Crore, down 84% YoYLoss After Tax – INR 386 Crore, down 109% YoY Performance of H1 FY 23 (Standalone)Crude Steel Production - 8.63 million tonne, up 5% YoYSales Volume - 7.36 million tonne up13% YoYRevenue from Operations - 50275 Crore, down 100% YoYEBITDA - 3780 Crore, up 261% YoYProfit After Tax - 391 Crore, down 94% YoY
