SAIL rebounds with 20% improvement in turnover, posts considerable profit in Q2

Steel Authority of India Limited, one of the Maharatna companies and listed among the largest steelmakers in India, has recorded a strong performance during Q2 of FY’21. It has posted Rs 610.32 crore profit before tax (PBT) and Rs 393.32 crore profit after tax (PAT)  over the corresponding period of the last year (CPLY).

Registering a considerable improvement of more than 20 percent over CPLY, the turnover of SAIL stood at 16834.1 crore, while its earnings before interest, taxes, depreciation, and amortization (EBITDA) in the second quarter of the current financial year registered an impressive growth of 58.7 percent at Rs 2098.09 percent. Anil Kumar Chaudhary, Chairman, SAIL, said braving all odds SAIL registered profit in the second quarter and it is determined to perform better and is geared up to remain world-class domestic steel producer.