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.
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AKN