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SAIL declares Q3 results for financial year 2022-23, posts net profit of Rs 463.54 Crore

photoact by photoact
August 13, 2023
in India
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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.



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