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SAIL declares consolidated net profit of Rs 4339 Crore in Q2 FY’22

in Business October 29, 2021 Comments Off on SAIL declares consolidated net profit of Rs 4339 Crore in Q2 FY’22 433 Views

Newdelhi:29/10/21:The Steel Authority of India Limited (SAIL), under the Ministry of Steel, has declared the financial results of the company for the second quarter (July – Sep’21) and H1 (Apr – Sep’21) of this financial year (FY 2021-22) today.

Key highlights of SAIL’s performance during Q2 FY’22:

  • Crude Steel Production: 4.468 Million Tonnes
  • Saleable Steel Sales: 4.280 Million Tonnes
  • Best ever Quarterly EBITDA, Profit Before Tax (PBT), and Profit After Tax (PAT).
  • Gross borrowings at Rs 22,478 Crore as on 30.09.2021 as against Rs 35,350 Crore as on 31.03.2021, which is a reduction of Rs 12,872 Crore during H1 FY’22
  • The company’s board has approved an interim dividend of Rs 4 per share for FY’22 to the shareholders.

SAIL’s Financial Performance at a glance

                                                                                                                       (In Rs. Crore)

  Standalone Consolidated
Q1 FY’22 Q2 FY’22 H1 FY’22 H1 FY’21 Q1 FY’22 Q2 FY’22 H1 FY’22 H1 FY’21
Revenue from Operations 20642 26827 47469 25991 20643 26828 47471 25993
EBITDA 6674 7248 13921 1973 6741 7290 14031 2078
PBT 5145 5753 10898 (1374) 5212 5795 11007 (1270)
PAT 3850 4304 8154 (877) 3897 4339 8236 (790)

 

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Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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