New Delhi, 13th February, 2023: Steel Authority of India Limited (SAIL) posted its financial performance for the third quarter of the current financial year 2022-23 (Q3 FY 23).
Performance of Q3 FY 23 (Standalone) at a glance:
|
|
Unit |
Q3 FY 23 |
Q3 FY 22 |
|
Crude Steel Production |
Million Tonne |
4.708 |
4.531 |
|
Sales Volume |
Million Tonne |
4.151 |
3.840 |
|
Revenue from Operations |
Rs. Crore |
25041.88 |
25245.92 |
|
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) |
Rs. Crore |
2197.53 |
3659.41 |
|
Profit Before Tax (PBT) |
Rs. Crore |
634.69 |
1930.98 |
|
Profit After Tax (PAT) |
Rs. Crore |
463.54 |
1443.10 |
The company has achieved the best ever quarterly crude steel production during Q3FY23.The company has been steadily increasing the crude steel production in the recent months. The sales volume in Q3FY23 also saw an increase over the corresponding period over last year.
The challenging global situation and economic scenario all over the world had its impacts on the steel prices affecting the margins of the steelmakers. However, with the government’s focus on enhancing capital expenditure in infrastructure sector, the domestic steel consumption is expected to witness an increase in the short to medium term.