SAIL Registers Net Profit of Rs 616 Cr in Third Quarter of FY19

Declaring the results for the third quarter of this Financial Year (FY) 2018-19 for October-December 2018 quarter, Steel Authority of India Limited (SAIL) posted a profit (Profit After Tax) of Rs 616 crore in Q3 FY’19 which stood at Rs 43 crore during the corresponding period last year.

The Company has managed to better its performance over the previous quarter as well by more than 11% when it stood at Rs 554 crore. The turnover for Q3 FY’19 improved by 3% over CPLY and was Rs 15,660 crore vis-à-vis Rs 15,190 crore during Q3 FY’18.

The EBITDA in Q3 FY’19 was Rs 2,653 crore, an improvement of 70% over CPLY, which was Rs 1,560 crore in Q3 FY’18. The improvements in these indicators over the corresponding period last year reflect overall progresson all production parameters and financial health of the Company.