SAIL Q2 Results: Net profit surges four-fold to Rs 1750 crore on higher revenue
Steel Authority of India Ltd announced a significant increase in consolidated net profit for the September quarter. The company reported a profit of Rs 1,750.47 crore, a substantial rise from the previous year. Revenue from operations also saw growth, reaching Rs 31,997.55 crore compared to Rs 26,704.17 crore last year. Total expenses rose modestly to Rs 29,913.65 crore from Rs 26,113.64 crore.
State-owned Steel Authority of India Ltd (SAIL) on Tuesday posted a four-fold rise in consolidated net profit to Rs 1,750.47 crore in the September quarter on the back of higher revenues.The PSU reported a net profit of Rs 418.72 crore in the year-ago quarter, the company said in an exchange filing.The company's revenue from operations rose to Rs 31,997.55 crore in Q2 FY27 from Rs 26,704.17 crore in the year-ago quarter.Total expenses during the second quarter rose to Rs 29,913.65 crore from Rs 26,113.64 crore in the same period a year ago.SAIL, under the Ministry of Steel, is India's largest public sector steel-making entity, having an annual capacity of over 20 million tonnes. (You can now subscribe to our ETMarkets WhatsApp channel)
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