New Delhi, 10th November, 2022: 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.
SAIL/PR/2022-23/15