Team News Riveting
New Delhi, October 29
The Steel Authority of India Limited (SAIL), under 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 include crude steel production 4.468 Million Tonne (MT) and saleable steel sales 4.280 MT.
The state-run steel maker recorded the best ever Quarterly EBITDA, Profit Before Tax (PBT) and Profit After Tax (PAT). The company reported an over 10-fold jump in its consolidated net profit at Rs 4,338.75 crore for the second quarter ended September 2021. SAIL had posted Rs 436.52 crore net profit in the year-ago quarter, Steel Authority of India Ltd (SAIL) said in a regulatory filing.
The gross borrowings stood 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
Company’s board has approved an interim dividend of Rs 4 per share for FY’22 to the shareholders.
