Speed Post News Network
New Delhi : The Steel Authority of India Limited (SAIL), under Ministry of Steel on October 29, 2021, 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). SAIL has declared consolidated net profit of Rs 4,339 Crore in Q2 FY’22, according to according to a PIB release.
SAIL’s Financial Performance at a glance:
(In Rs. Crore)
| Standalone | Consolidated | |||||||
| Q1 FY’22 | Q2 FY’22 | H1 FY’22 | H1 FY’21 | Q1 FY’22 | Q2 FY’22 | H1 FY’22 | H1 FY’21 | |
| Revenue from Operations | 20642 | 26827 | 47469 | 25991 | 20643 | 26828 | 47471 | 25993 |
| EBITDA | 6674 | 7248 | 13921 | 1973 | 6741 | 7290 | 14031 | 2078 |
| PBT | 5145 | 5753 | 10898 | (1374) | 5212 | 5795 | 11007 | (1270) |
| PAT | 3850 | 4304 | 8154 | (877) | 3897 | 4339 | 8236 | (790) |
Key highlights of SAIL’s performance during Q2 FY’22:
- Crude Steel Production : 4.468 Million Tonnes
- Saleable Steel Sales : 4.280 Million Tonnes
- Best ever Quarterly EBITDA, Profit Before Tax (PBT) and Profit After Tax (PAT).
- Gross borrowings at Rs 22,478 Crore as on September 30, 2021, as against Rs 35,350 Crore as on March 31, 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.