SAIL declares H1 and Q2 results for financial year 2022-23

Ministry of Steel

Posts net profit for H1 FY23

Posted On:

10 NOV 2022 8:33PM by PIB Delhi

Steel Authority of India Limited (SAIL) posted its financial performance for the half year and second quarter of the current financial year 2022-23 (H1 FY 23& Q2 FY 23).

Performance of H1 FY 23 (Standalone) at a glance:

 

Unit

H1 FY 23

H1 FY 22

Crude Steel Production

Million Tonne

8.63

8.24

Sales Volume

Million Tonne

7.36

7.61

Revenue from Operations

Rs. Crore

50275

47469

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA)

Rs. Crore

3780

13921

Profit Before Tax (PBT)

Rs. Crore

523

10898

Profit After Tax (PAT)

Rs. Crore

391

8154

 

Performance of Q2 FY 23 (Standalone) at a glance:

 

Unit

Q2 FY 23

Q2 FY 22

Crude Steel Production

Million Tonne

4.30

4.47

Sales Volume

Million Tonne

4.21

4.28

Revenue from Operations

Rs. Crore

26246

26827

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA)

Rs. Crore

1174

7248

Profit Before Tax (PBT)

Rs. Crore

(-) 516

5753

Profit After Tax (PAT)

Rs. Crore

(-) 386

4304

 

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.

*****

 

 

AKN