Steel Authority of India posted a net profit of ₹43.16 crore in the third quarter of the current financial year (Q3FY18) against a loss of ₹794.84 crore in Q3FY17.
The company’s turnover went up 21 percent to ₹15,443 crore in Q3FY18 against ₹12,688 crore in Q3FY17, led by higher volumes and improved realisation. It posted a profit before tax (PBT) of ₹82 crore in the third quarter of the current financial year (Q3FY18) after a gap of ten quarters.
SAIL registered EBITDA of ₹1,571 crore during the quarter under review as against ₹35 crore during Q3FY17. EBITDA per ton of steel for the quarter at ₹4,162 was significantly higher than ₹107 in Q3FY17. On a sequential basis, it grew more than 50 percent over Q2FY18.
“This marks an evident step in the turnaround of the company which continually thwarted challenges and has steadily moved forward towards profitability,” the company said in a statement.
Bu hikaye Steel Insights dergisinin March 2018 sayısından alınmıştır.
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Bu hikaye Steel Insights dergisinin March 2018 sayısından alınmıştır.
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